Greenidge Generation Holdings Inc
For the period ended Mar 31, 2025. Filed May 15, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
VIP$0.97-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(in thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| REVENUE: | ||
| Datacenter hosting | $5,829 | $9,112 |
| Cryptocurrency mining | 4,226 | 6,999 |
| Power and capacity | 9,187 | 3,037 |
| EPCM consulting services | — | 185 |
| Total revenue | 19,242 | 19,333 |
| OPERATING COSTS AND EXPENSES: | ||
| Cost of revenue - datacenter hosting (exclusive of depreciation) | 6,191 | 7,018 |
| Cost of revenue - cryptocurrency mining (exclusive of depreciation) | 3,082 | 3,671 |
| Cost of revenue - power and capacity (exclusive of depreciation) | 5,725 | 1,546 |
| Cost of revenue - EPCM consulting services (exclusive of depreciation) | — | 83 |
| Selling, general and administrative | 2,776 | 5,393 |
| Depreciation | 3,131 | 3,234 |
| Impairment of long-lived assets | — | 169 |
| Loss (gain) on digital assets | 988 | (59) |
| Loss on sale of assets | 137 | — |
| Gain on insurance proceeds | (399) | — |
| Total operating costs and expenses | 21,631 | 21,055 |
| Operating loss | (2,389) | (1,722) |
| OTHER INCOME (EXPENSE), NET: | ||
| Interest expense, net | (2,855) | (1,802) |
| Change in fair value of warrant asset | — | (420) |
| Loss on liquidation of subsidiary | (348) | — |
| Other income, net | 18 | — |
| Total other expense, net | (3,185) | (2,222) |
| Loss from operations before income taxes | (5,574) | (3,944) |
| Benefit from income taxes | (10) | — |
| Net loss | $(5,564) | $(3,944) |
| Comprehensive Loss | ||
| Net Loss | (5,564) | (3,944) |
| Foreign currency translation adjustment | — | (3) |
| Reclassification of foreign currency translation adjustment realized upon liquidation of foreign subsidiary | $348 | $— |
| Comprehensive loss | $(5,216) | $(3,947) |
| Net loss per share, basic and diluted | $(0.40) | $(0.42) |
| Weighted average shares outstanding, basic and diluted | 13,938 | 9,494 |
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