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DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, today announced preliminary financial and operating results for the third quarter of 2024, including notable updates on the Company's ongoing SG&A expense reduction efforts as well as its continued upgrades to its fleet of bitcoin miners. Preliminary Third Quarter 2024 Financial Results1: Revenue of.
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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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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?