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The latest update is out from Greenidge Generation Holdings ( (GREE) ).
On May 18, 2026, Greenidge Generation reported first-quarter 2026 results showing total revenue of $20.8 million, driven by power and capacity revenue that more than doubled year-on-year to $18.7 million, while cryptocurrency mining and hosting revenues declined sharply. The company narrowed its net loss to $4.6 million and reduced its EBITDA loss, but remained cash-flow negative, ending the quarter with $7.1 million in cash, $6.7 million in bitcoin holdings and $38.9 million in senior unsecured debt.
Operationally, Greenidge advanced its shift toward AI and high-performance computing infrastructure by receiving a proposed interconnection agreement for 60MW of non-curtailable power at its Dresden, N.Y. facility and initiating a 250MW load study at its Mississippi greenfield site, supplementing 40MW planned for energization in early 2027. Management highlighted ongoing debt reduction, asset sales and potential joint ventures or strategic partnerships around its Mississippi property as key elements in repositioning its energy assets to capture growing demand for reliable AI and datacenter capacity.
Spark’s Take on GREE Stock
According to Spark, TipRanks’ AI Analyst, GREE is a Neutral.
The score is primarily held down by weak financial quality—negative equity and ongoing cash burn with pressured operating profitability—despite a near-term earnings/revenue rebound. Technicals are supportive in the short term, but valuation is not meaningful due to negative earnings and corporate developments add governance and balance-sheet risk.
To see Spark’s full report on GREE stock, click here.
More about Greenidge Generation Holdings
Greenidge Generation Holdings Inc. is a vertically integrated power generation company focused on datacenters, electrical and infrastructure development, as well as engineering, procurement, construction management, operations and site maintenance. The company operates 111.5MW of active self-mining, hosting and power generation across New York and North Dakota, delivering about 2.7 EH/s of combined datacenter hosting and cryptocurrency mining capacity.
Average Trading Volume: 155,190
Technical Sentiment Signal: Sell
Current Market Cap: $24.71M
Find detailed analytics on GREE stock on TipRanks’ Stock Analysis page.