Greenidge Generation Holdings (GREE) AI Stock Analysis

• Market Cap: $29.62M
• Dividend Yield: N/A
• Average Volume (3M): 190.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.00
• Revenue Growth: -18.74%
• EPS Growth: N/A
• Country: US
• Employees: 35
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.27
• Shares Outstanding: 12,940,023
• 10 Day Avg. Volume: 341,996
• 30 Day Avg. Volume: 190,295
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.44
• Enterprise Value/Revenue: 1.22
• Enterprise Value/Gross Profit: 2.68
• Enterprise Value/Ebitda: -25.20
• 1Y Price Target: $1.50
• Price Target Upside: -12.28% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: $1.50 ▼(-12.28% Downside)

The overall stock score is primarily impacted by significant financial challenges, including declining revenues and negative equity. Technical analysis indicates mixed momentum, and valuation metrics are weak due to ongoing losses. These factors collectively result in a low overall 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 primarily generates revenue through the sale of electricity and its cryptocurrency mining operations. The company monetizes its energy production by supplying power to the grid and also by using its excess energy to mine cryptocurrencies, particularly Bitcoin. This dual revenue model allows Greenidge to capitalize on both energy markets and the volatile cryptocurrency market. Additionally, the company may engage in power purchase agreements (PPAs) with other entities, further diversifying its income streams. Strategic partnerships with blockchain technology firms can also enhance its operational efficiency and profitability, as they provide access to advanced mining technologies and potential joint ventures in energy management.

Greenidge Generation Holdings Financial Statement Overview

Summary

Greenidge Generation Holdings faces significant financial challenges, with declining revenues, consistent losses, and negative equity. Despite a reduction in debt, the company struggles with profitability and cash generation, indicating a need for strategic improvements.

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	59.25M	59.53M	70.39M	89.98M	97.33M	20.11M
Gross Profit	27.00M	47.45M	19.38M	28.43M	68.94M	7.51M
EBITDA	-2.87M	699.00K	-2.78M	-181.33M	45.37M	1.94M
Net Income	-19.95M	-19.79M	-29.51M	-269.74M	-44.48M	-3.29M
Balance Sheet
Total Assets	52.76M	64.86M	71.18M	163.77M	341.27M	64.57M
Cash, Cash Equivalents and Short-Term Investments	3.40M	8.62M	13.31M	15.22M	83.09M	5.05M
Total Debt	63.27M	68.07M	68.71M	152.35M	95.76M	8.21M
Total Liabilities	113.98M	120.61M	122.20M	210.81M	128.84M	20.21M
Stockholders Equity	-61.22M	-55.75M	-51.02M	-47.05M	212.42M	44.36M
Cash Flow
Free Cash Flow	-24.80M	-22.47M	-25.17M	-147.44M	-118.31M	-4.04M
Operating Cash Flow	-16.02M	-12.04M	-12.15M	-14.48M	45.26M	557.00K
Investing Cash Flow	7.41M	-3.89M	-2.71M	-121.35M	-141.77M	-10.55M
Financing Cash Flow	1.61M	11.24M	13.77M	62.14M	174.06M	3.30M

Greenidge Generation Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GREE, the sentiment is Positive. The current price of 1.71 is above the 20-day moving average (MA) of 1.46, above the 50-day MA of 1.52, and above the 200-day MA of 1.35, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 59.22 is Neutral, neither overbought nor oversold. The STOCH value of 67.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GREE.

Greenidge Generation Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WULF	58 Neutral	4.65B	-31.91	-75.56%	―	19.82%	-77.95%
CIFR	54 Neutral	5.56B	-26.33	-20.56%	―	0.11%	-914.42%
ABTC	53 Neutral	1.23B	-4.50	―	―	―	―
MIGI	41 Neutral	8.49M	-0.34	300.74%	―	-11.36%	64.27%
GREE	41 Neutral	$29.62M	―	22.29%	―	-18.74%	―
ARBK	37 Underperform	16.75M	-0.29	―	―	-13.86%	-32.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Greenidge Generation Holdings Corporate Events

Greenidge Generation Launches Tender and Exchange Offer

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.

Greenidge Generation Cancels Land Sale Agreement

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.