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Greenidge Generation Holdings (GREE)
NASDAQ:GREE
US Market

Greenidge Generation Holdings (GREE) AI Stock Analysis

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Greenidge Generation Holdings

(NASDAQ:GREE)

Rating:42Neutral
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 (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 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
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.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
59.44M59.53M70.39M89.98M107.28M20.11M
Gross Profit
24.46M47.45M19.38M30.14M73.46M7.51M
EBIT
-12.02M-11.45M-16.89M-58.64M33.92M-2.75M
EBITDA
-2.69M699.00K-2.78M-181.33M45.37M1.94M
Net Income Common Stockholders
-21.41M-19.79M-29.51M-269.74M-44.48M-3.84M
Balance SheetCash, Cash Equivalents and Short-Term Investments
4.88M8.62M13.31M15.22M83.09M11.82M
Total Assets
56.71M64.86M71.18M163.77M341.27M65.38M
Total Debt
0.0068.07M68.71M152.35M95.76M8.21M
Net Debt
-4.88M59.45M55.40M137.13M13.16M3.16M
Total Liabilities
114.96M120.61M122.20M210.81M128.84M21.02M
Stockholders Equity
-58.24M-55.75M-51.02M-47.05M212.42M44.36M
Cash FlowFree Cash Flow
-22.61M-22.47M-25.17M-147.44M-118.31M-4.04M
Operating Cash Flow
-12.62M-12.04M-12.15M-14.48M45.26M557.00K
Investing Cash Flow
-1.14M-3.89M-2.71M-121.35M-136.46M-10.55M
Financing Cash Flow
4.20M11.24M13.77M62.14M174.06M3.30M

Greenidge Generation Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.37
Price Trends
50DMA
1.15
Positive
100DMA
1.07
Positive
200DMA
1.56
Negative
Market Momentum
MACD
0.07
Positive
RSI
50.16
Neutral
STOCH
43.28
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 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 (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
$12.73B9.777.84%78.17%12.05%-7.99%
53
Neutral
$1.67B-56.12%31.85%-34.27%
51
Neutral
$1.32B-18.49%-0.65%-808.88%
49
Neutral
$72.56M173.25%
46
Neutral
$8.72M-461.16%-0.67%65.35%
42
Neutral
$22.69M22.29%-20.28%48.08%
37
Underperform
$25.29M242.25%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GREE
Greenidge Generation Holdings
1.37
-1.88
-57.85%
WULF
TeraWulf Inc
3.84
-0.79
-17.06%
GRYP
Gryphon Digital Mining
0.85
-0.39
-31.45%
MIGI
Mawson Infrastructure Group
0.42
-1.24
-74.70%
CIFR
Cipher Mining
3.81
-1.43
-27.29%
ARBK
Argo Blockchain
0.38
-0.89
-70.08%

Greenidge Generation Holdings Corporate Events

Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Greenidge Generation Holds Annual Stockholders Meeting
Neutral
Jun 17, 2025

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.

Private Placements and FinancingBusiness Operations and Strategy
Greenidge Generation Holdings Enters New Exchange Agreement
Neutral
May 7, 2025

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.

Executive/Board ChangesBusiness Operations and Strategy
Greenidge Generation Announces Board Refreshment Plan
Neutral
Apr 16, 2025

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.

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.