Greenidge Generation Sells Spartanburg Land for $18 Million

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

On November 26, 2025, Greenidge Generation Holdings Inc., through its subsidiary 300 Jones Road LLC, entered into an agreement to sell approximately 152 acres of land in Spartanburg, South Carolina, to 300 Jones Road Associates LLC for $18 million, with potential additional payments up to $18 million based on future electrical capacity availability. This transaction, expected to close by December 11, 2025, involves the transfer of rights to 60 megawatts of electrical service and includes various customary closing conditions and security measures, potentially impacting the company’s operational focus and financial outcomes.

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 energy sector, focusing on power generation and cryptocurrency mining. The company is involved in the development and management of energy infrastructure, with a market focus on leveraging its power assets for digital currency mining operations.

Average Trading Volume: 1,112,055

Technical Sentiment Signal: Strong Sell

Current Market Cap: $24.65M

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