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Greenidge Generation Holdings ( (GREE) ) has shared an announcement.
On November 23, 2025, Greenidge Generation’s Dresden, NY facility experienced an electrical switchgear failure and fire, leading to a complete shutdown. The company is investigating the incident and working on repairs, with no significant damage to its bitcoin miners, and aims to resume operations in the coming weeks.
The most recent analyst rating on (GREE) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Greenidge Generation Holdings stock, see the GREE Stock Forecast page.
Spark’s Take on GREE Stock
According to Spark, TipRanks’ AI Analyst, GREE is a Neutral.
The overall stock score of 41 reflects significant financial challenges, including declining revenues and negative equity, which are the most impactful factors. Technical analysis indicates bearish momentum, and the valuation is poor due to negative earnings. These factors collectively suggest a high-risk investment with limited near-term upside.
To see Spark’s full report on GREE stock, click here.
More about Greenidge Generation Holdings
Greenidge Generation Holdings Inc. operates in the power generation industry, focusing on providing energy solutions and hosting bitcoin mining operations.
Average Trading Volume: 1,092,818
Technical Sentiment Signal: Strong Sell
Current Market Cap: $23.7M
Learn more about GREE stock on TipRanks’ Stock Analysis page.