Greenidge Generation Restores Dresden Plant After Fire Incident

Greenidge Generation Holdings ( (GREE) ) has issued an update.

On November 23, 2025, Greenidge Generation Holdings’ Dresden, NY power generation facility experienced an electrical switchgear failure and fire that triggered automated safety protocols, fully de-energizing the plant; the incident caused only limited damage to electrical switchgear and no damage to the company’s owned or hosted Bitcoin miners, thanks to a rapid response by employees, firefighters and utility partners. The facility resumed normal operations on December 9, 2025, returning to service ahead of schedule and has consistently delivered power back to the local grid, indicating minimal long-term operational disruption for the company and its stakeholders.

The most recent analyst rating on (GREE) stock is a Hold with a $2.00 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 is primarily impacted by poor financial performance, with consistent losses and negative equity. Technical analysis shows some positive momentum, but valuation metrics are weak due to negative earnings. Corporate events provide a mixed outlook, with asset optimization efforts offset by operational disruptions.

To see Spark’s full report on GREE stock, click here.

More about Greenidge Generation Holdings

Greenidge Generation Holdings Inc. operates a power generation facility in Dresden, New York, and also hosts and owns Bitcoin mining equipment at this site, supplying power both to its mining operations and to the local grid.

Average Trading Volume: 1,134,167

Technical Sentiment Signal: Strong Sell

Current Market Cap: $25.75M

Learn more about GREE stock on TipRanks’ Stock Analysis page.