Greenidge Generation Sells Spartanburg Property for $18M

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

On December 11, 2025, Greenidge Generation Holdings Inc. completed the sale of its 152-acre property in Spartanburg, South Carolina, to an affiliate of The Lightstone Group and LightHouse Data Centers for $18 million in cash, with the potential for up to an additional $18 million in earnout payments. This transaction is part of Greenidge’s strategy to optimize its assets and strengthen its balance sheet, as it has reduced its 2026 senior indebtedness and improved its net debt position, while also focusing on sustainable cash flow from its Dresden facility.

The most recent analyst rating on (GREE) stock is a Hold with a $1.50 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.

Greenidge Generation Holdings’ overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative equity. Technical analysis and valuation also contribute to a lower score, with mixed signals and a negative P/E ratio. Corporate events add further complexity with both positive and negative implications for the company’s operations and strategic direction.

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 that specializes in cryptocurrency mining, infrastructure development, engineering, procurement, construction management, and operations and maintenance of sites.

Average Trading Volume: 1,132,515

Technical Sentiment Signal: Sell

Current Market Cap: $29.86M

See more data about GREE stock on TipRanks’ Stock Analysis page.