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Greenidge Generation Holdings (GREE)
NASDAQ:GREE
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Greenidge Generation Holdings (GREE) AI Stock Analysis

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GREE

Greenidge Generation Holdings

(NASDAQ:GREE)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
$1.00
▼(-31.51% Downside)
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.
Positive Factors
Business Model Strength
Greenidge's vertically integrated model of power generation and cryptocurrency mining provides a cost-effective and sustainable approach, leveraging energy price fluctuations to maintain operational margins.
Gross Profit Margin
An improved gross profit margin indicates efficient cost management in core operations, which can support long-term profitability if maintained.
Debt Reduction
Eliminating total debt enhances financial flexibility and reduces interest obligations, potentially improving cash flow and stability.
Negative Factors
Revenue Decline
A significant revenue decline suggests challenges in market demand or operational execution, impacting long-term growth prospects.
Negative Equity
Negative equity indicates financial instability and potential difficulties in securing financing, which can hinder future growth and operations.
Negative Cash Flow
Consistently negative cash flow from operations highlights inefficiencies in converting revenue to cash, challenging the company's ability to fund operations and growth.

Greenidge Generation Holdings (GREE) vs. SPDR S&P 500 ETF (SPY)

Greenidge Generation Holdings Business Overview & Revenue Model

Company DescriptionGreenidge 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 MoneyGreenidge Generation Holdings generates revenue through multiple streams, primarily by selling electricity to the grid and using excess capacity for its cryptocurrency mining operations. The company profits from the sale of mined Bitcoin, which is influenced by market prices and mining efficiency. Additionally, Greenidge has established partnerships with various blockchain and cryptocurrency entities to enhance its operational capabilities and expand its reach in the market. The integration of power generation and cryptocurrency mining allows Greenidge to capitalize on fluctuating energy prices while maintaining robust operational margins, further contributing to its earnings.

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
32
Negative
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
25
Negative
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
28
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue62.12M59.53M70.39M89.98M97.33M20.11M
Gross Profit19.85M47.45M19.38M28.43M68.94M7.51M
EBITDA16.76M699.00K-2.78M-181.33M45.37M1.94M
Net Income-1.63M-19.79M-29.51M-269.74M-44.48M-3.29M
Balance Sheet
Total Assets50.57M64.86M71.18M163.77M341.27M64.57M
Cash, Cash Equivalents and Short-Term Investments7.58M8.62M13.31M15.22M83.09M5.05M
Total Debt3.54M68.07M68.71M152.35M95.76M8.21M
Total Liabilities99.97M120.61M122.20M210.81M128.84M20.21M
Stockholders Equity-49.41M-55.75M-51.02M-47.05M212.42M44.36M
Cash Flow
Free Cash Flow-20.25M-22.47M-25.99M-147.44M-118.31M-4.04M
Operating Cash Flow-14.29M-12.04M-12.97M-14.48M45.26M557.00K
Investing Cash Flow18.52M-3.89M-2.71M-121.35M-141.77M-10.55M
Financing Cash Flow-4.42M11.24M13.77M62.14M174.06M3.30M

Greenidge Generation Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.46
Price Trends
50DMA
1.77
Negative
100DMA
1.64
Negative
200DMA
1.36
Positive
Market Momentum
MACD
-0.09
Negative
RSI
45.84
Neutral
STOCH
80.49
Negative
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 1.46 is below the 20-day moving average (MA) of 1.51, below the 50-day MA of 1.77, and above the 200-day MA of 1.36, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 45.84 is Neutral, neither overbought nor oversold. The STOCH value of 80.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GREE.

Greenidge Generation Holdings Risk Analysis

Greenidge Generation Holdings disclosed 11 risk factors in its most recent earnings report. Greenidge Generation Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Greenidge Generation Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$6.00B47.895.24%103.62%49.48%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
55
Neutral
$8.04B-9.69%35.41%-38.08%
41
Neutral
$25.55M-1.04-3.52%83.39%
40
Underperform
$20.54M-0.35-13.86%-32.19%
38
Underperform
$3.32B-4.78-2.75%
37
Underperform
$5.89M-11.39%79.96%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GREE
Greenidge Generation Holdings
1.46
-0.84
-36.52%
RIOT
Riot Platforms
15.48
3.38
27.93%
ABTC
American Bitcoin Corp
3.58
0.10
2.87%
MIGI
Mawson Infrastructure Group
4.72
-36.48
-88.54%
CIFR
Cipher Mining
19.69
13.39
212.54%
ARBK
Argo Blockchain
0.21
-0.74
-77.89%

Greenidge Generation Holdings Corporate Events

Executive/Board Changes
Greenidge Generation Approves Executive Salary Increases
Neutral
Nov 14, 2025

On November 14, 2025, Greenidge Generation Holdings Inc. announced that its Compensation Committee approved salary increases for key executives. The CEO, President, and CFO received raises, reflecting the company’s commitment to retaining top leadership.

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.

Business Operations and StrategyLegal Proceedings
Greenidge Generation Reaches Settlement on Air Permit
Positive
Nov 10, 2025

On November 7, 2025, Greenidge Generation LLC, a subsidiary of Greenidge Generation Holdings Inc., reached a settlement with the New York State Department of Environmental Conservation regarding the renewal of its Title V Air Permit for its Dresden facility. The agreement includes significant greenhouse gas emissions reductions, exceeding New York’s Climate Act goals, and ends ongoing litigation. The facility will continue to supply power to the local grid and operate its cryptocurrency datacenter, with emissions limits set to decrease over a five-year period. This settlement is seen as a major step in aligning the company’s operations with state environmental objectives and securing its role in the local energy market.

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.

Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Greenidge Generation Finalizes Tender Offer Results
Negative
Nov 6, 2025

On November 6, 2025, Greenidge Generation Holdings Inc. announced the final results of its tender and exchange offer for its outstanding 8.50% Senior Notes due 2026, which commenced on October 6, 2025, and expired on November 5, 2025. The company revealed that a portion of the notes was exchanged for new 10.00% Senior Notes due 2030, yet the aggregate principal amount of the new notes is below the minimum required for Nasdaq listing. Consequently, Greenidge seeks to list the new notes on the OTC Market, though it cannot guarantee a liquid trading market will develop. This move reflects Greenidge’s strategic financial management but also highlights potential liquidity risks for stakeholders.

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.

Business Operations and StrategyPrivate Placements and Financing
Greenidge Announces Early Results of Tender Offers
Neutral
Oct 22, 2025

On October 22, 2025, Greenidge Generation Holdings announced the early results of its tender and exchange offers for its outstanding 8.5% Senior Notes due 2026, which began on October 6, 2025. The announcement revealed that a significant portion of the notes had been tendered, indicating stakeholder engagement and potential impacts on the company’s financial strategy and market positioning.

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.

Business Operations and StrategyPrivate Placements and Financing
Greenidge Generation Launches Tender Offer for Senior Notes
Neutral
Oct 6, 2025

On October 6, 2025, Greenidge Generation Holdings Inc. announced the commencement of a tender and exchange offer for its outstanding 8.50% Senior Notes due 2026. The company offers two options: exchanging the old notes for new 10.00% Senior Notes due 2030 or purchasing the old notes for cash. This move is aimed at managing the company’s debt structure and could impact stakeholders by potentially improving the company’s financial flexibility. The offer includes premiums compared to the current trading price of the old notes, with specific terms and conditions outlined for participants.

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.

Delistings and Listing ChangesPrivate Placements and Financing
Greenidge Generation Finalizes Tender Offer Results
Neutral
Sep 29, 2025

On September 29, 2025, Greenidge Generation Holdings announced the expiration and final results of its tender and exchange offer for its outstanding 8.50% Senior Notes due 2026. The offer, which commenced on August 27, 2025, allowed holders to exchange their notes for new 10.00% Senior Notes due 2030 or receive cash. The company reported that a total of $5,943,975 in notes were accepted, leaving $38,409,825 outstanding. Greenidge aims to list the new notes on the OTC Market under the ticker ‘GREEN,’ but cannot guarantee an active trading market will develop, potentially impacting liquidity and trading prices.

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.

Business Operations and StrategyPrivate Placements and Financing
Greenidge Generation Updates Tender Offer for Senior Notes
Neutral
Sep 12, 2025

On September 12, 2025, Greenidge Generation Holdings announced amendments to its tender and exchange offers for its 8.5% Senior Notes due 2026, initially commenced on August 27, 2025. The company increased the purchase price for the tender option and extended the expiration date to September 29, 2025, impacting its financial strategy and potentially affecting stakeholders holding the notes.

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.

Private Placements and Financing
Greenidge Generation Launches Tender and Exchange Offer
Positive
Aug 27, 2025

On August 27, 2025, Greenidge Generation Holdings Inc. announced the commencement of a tender and exchange offer for its outstanding 8.50% Senior Notes due 2026. The offer includes an option to exchange old notes for new 10.00% Senior Notes due 2030 or to purchase the old notes for cash. This move aims to manage the company’s debt and potentially improve its financial position, offering a premium to the current trading price of the notes. The offer is subject to certain conditions and limits, with the expiration date set for September 26, 2025.

The most recent analyst rating on (GREE) stock is a Sell 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.

Business Operations and Strategy
Greenidge Generation Cancels Land Sale Agreement
Neutral
Aug 25, 2025

On August 24, 2025, Greenidge Generation Holdings announced the termination of a Purchase and Sale Agreement with Data Journey LLC, which involved selling two parcels of land in Spartanburg, South Carolina for $12.1 million. The agreement’s termination allows Greenidge to retain $400,000 in non-refundable deposits and continue marketing the property to other potential buyers, while the company plans to secure long-term power rights and maximize shareholder value.

The most recent analyst rating on (GREE) stock is a Sell 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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 26, 2025