Greenidge Generation Holdings (GREE) AI Stock Analysis

• Market Cap: $22.69M
• Dividend Yield: N/A
• Average Volume (3M): 406.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.19
• Revenue Growth: -20.28%
• EPS Growth: 48.08%
• Country: US
• Employees: 35
• Sector: Financial
• Sector Strength: 75
• Industry: Financial - Capital Markets
• EPS (TTM): -0.40
• Shares Outstanding: 12,705,321
• 10 Day Avg. Volume: 219,441
• 30 Day Avg. Volume: 406,387
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.26
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.08
• Enterprise Value/Market Cap: 6.58
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: 6.11
• Enterprise Value/Ebitda: 12.24
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: $1.50 ▲(9.49%Upside)

The overall stock score is primarily impacted by significant financial challenges, including declining revenues, consistent losses, and negative equity. Technical analysis shows some positive momentum, but the valuation remains poor due to a negative P/E ratio and lack of dividend yield. No earnings call or corporate events data was available to influence the score.

Greenidge Generation Holdings Business Overview & Revenue Model

Company Description

Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.

How the Company Makes Money

Greenidge Generation Holdings generates revenue primarily through its cryptocurrency mining operations. The company uses its own power generation facilities to supply electricity to its mining operations at a lower cost, which enhances profitability. By mining cryptocurrencies, Greenidge earns digital assets, which it can then sell on the market to generate revenue. Additionally, Greenidge may engage in selling excess power generated by its power plant to the grid, providing an additional revenue stream. The company's integrated model allows it to optimize energy costs while benefiting from the growth in cryptocurrency markets.

Greenidge Generation Holdings Financial Statement Overview

Summary

Greenidge Generation Holdings faces significant financial challenges, with declining revenues, consistent losses, and negative equity. While there is a reduction in debt, the company struggles with profitability and cash generation. These factors indicate a need for strategic improvements to achieve financial stability and growth.

Income Statement

Greenidge Generation Holdings has shown declining revenue over recent years, with a significant decrease from $107.3 million in 2021 to $59.5 million in 2024. The company has consistently reported negative EBIT and net income, indicating ongoing operational challenges. Gross profit margin improved to 79.7% in 2024, but the net profit margin remains deeply negative at -33.2%, reflecting insufficient profitability.

Balance Sheet

The company has negative stockholders' equity, which is a concern for financial stability. Total debt has been eliminated by 2024, but the high liabilities compared to assets result in a negative equity ratio. The debt-to-equity ratio is not applicable due to negative equity. ROE is negative, matching the net loss trend, highlighting inefficiencies in generating returns on equity.

Cash Flow

Cash flow from operations is consistently negative, with no free cash flow growth due to ongoing losses. While the company has improved its debt position, the operating cash flow to net income ratio indicates inefficiencies in converting net income to cash. Free cash flow to net income is also negative, reflecting operational and capital expenditure challenges.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
59.44M	59.53M	70.39M	89.98M	107.28M	20.11M
	Gross Profit
24.46M	47.45M	19.38M	30.14M	73.46M	7.51M
	EBIT
-12.02M	-11.45M	-16.89M	-58.64M	33.92M	-2.75M
	EBITDA
-2.69M	699.00K	-2.78M	-181.33M	45.37M	1.94M
	Net Income Common Stockholders
-21.41M	-19.79M	-29.51M	-269.74M	-44.48M	-3.84M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.88M	8.62M	13.31M	15.22M	83.09M	11.82M
	Total Assets
56.71M	64.86M	71.18M	163.77M	341.27M	65.38M
	Total Debt
0.00	68.07M	68.71M	152.35M	95.76M	8.21M
	Net Debt
-4.88M	59.45M	55.40M	137.13M	13.16M	3.16M
	Total Liabilities
114.96M	120.61M	122.20M	210.81M	128.84M	21.02M
	Stockholders Equity
-58.24M	-55.75M	-51.02M	-47.05M	212.42M	44.36M
Cash Flow		Free Cash Flow
-22.61M	-22.47M	-25.17M	-147.44M	-118.31M	-4.04M
	Operating Cash Flow
-12.62M	-12.04M	-12.15M	-14.48M	45.26M	557.00K
	Investing Cash Flow
-1.14M	-3.89M	-2.71M	-121.35M	-136.46M	-10.55M
	Financing Cash Flow
4.20M	11.24M	13.77M	62.14M	174.06M	3.30M

Greenidge Generation Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GREE, the sentiment is Negative. The current price of 1.37 is below the 20-day moving average (MA) of 1.49, above the 50-day MA of 1.15, and below the 200-day MA of 1.56, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 50.16 is Neutral, neither overbought nor oversold. The STOCH value of 43.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GREE.

Greenidge Generation Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$12.73B	9.77	7.84%	78.17%	12.05%	-7.99%
WULF	53 Neutral	$1.67B	―	-56.12%	―	31.85%	-34.27%
CIFR	51 Neutral	$1.32B	―	-18.49%	―	-0.65%	-808.88%
GRYP	49 Neutral	$72.56M	―	173.25%	―	―	―
MIGI	46 Neutral	$8.72M	―	-461.16%	―	-0.67%	65.35%
GREE	42 Neutral	$22.69M	―	22.29%	―	-20.28%	48.08%
ARBK	37 Underperform	$25.29M	―	242.25%	―	―	―

Greenidge Generation Holdings Corporate Events

Greenidge Generation Holds Annual Stockholders Meeting

On June 17, 2025, Greenidge Generation Holdings Inc. held its Annual Meeting of Stockholders, where significant decisions were made regarding the company’s governance and strategic plans. Stockholders approved the Third Amended and Restated 2021 Equity Incentive Plan, elected ten directors to serve until the 2026 Annual Meeting, and ratified the selection of MaloneBailey, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions reflect the company’s ongoing efforts to enhance its corporate governance and financial oversight.

The most recent analyst rating on (GREE) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Greenidge Generation Holdings stock, see the GREE Stock Forecast page.

Greenidge Generation Holdings Enters New Exchange Agreement

On May 1, 2025, Greenidge Generation Holdings Inc. entered into an exchange agreement with a noteholder to exchange $5,546,050 of its 8.50% Senior Notes for $1,925,000 in cash. This transaction is part of a broader strategy where the company has exchanged approximately 16.6% of its original $72,200,000 in notes for cash or stock since October 2024. The company continues to explore options to manage its remaining obligations, indicating a flexible approach to its financial strategy.

Greenidge Generation Announces Board Refreshment Plan

On April 14, 2025, Greenidge Generation Holdings Inc. announced a planned refreshment of its Board of Directors, with the resignations of David Anderson and Daniel Rothaupt. Kenneth Hearn and Christopher Krug were appointed to fill these vacancies, effective April 17, 2025, bringing extensive experience in investments, finance, and public markets to the board. Timothy Fazio was elected as Chairman of the Board. This strategic move aims to enhance the company’s board with diverse expertise, supporting its ongoing evolution and efforts to maximize shareholder value.