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Despite Bitcoin ( BTC-USD ) losing its long-term support of $29,000, investors shouldn't discount the value of blockchain stocks in the short term. If one is bullish on the future of digital currencies and the underlying technology, then technical weaknesses like this might be meaningless in the long run.
Greenidge Generation Holdings Inc. (GREE) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.03 per share a year ago.
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Valkyrie Bitcoin Miners ETF (WGMI), which provides exposure to the bitcoin mining industry, more than doubled in the first month of 2023 and became the top-performing ETF of January.
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Aiming to stave off bankruptcy, crypto miner Greenidge Generation is aiming to restructure its debt. The firm said in a Tuesday (Dec. 20) press release that it is working to restructure a significant portion of its debt with NYDIG.
Greenidge Generation (NASDAQ: GREE ) stock is up more than 30% today after the cryptocurrency miner received a delisting notice for failing to maintain a minimum price per share of $1. New York-based Greenidge has been informed by the Nasdaq index on which it trades that its stock will be delisted if it does not manage to get its share price up above $1 by June 2023.
Greenidge Generation Holdings Inc. (GREE) delivered earnings and revenue surprises of -4% and 5.75%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Greenidge Generation Holdings Inc. (NASDAQ:GREE ) Q2 2022 Earnings Conference Call August 15, 2022 5:00 PM ET Company Participants Tom Champion - VP of Investor Relations and Business Development Jeff Kirt - Chief Executive Officer Bob Loughran - Chief Financial Officer Terence Burke - General Counsel Operator Good afternoon. I'm Tom Champion from Greenidg Generation Investor Relations, and thank you for joining us.