Greenidge Generation Holdings (GREE) AI Stock Analysis

• Market Cap: $15.63M
• Dividend Yield: N/A
• Average Volume (3M): 375.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.51
• Revenue Growth: -15.42%
• EPS Growth: 60.06%
• Country: US
• Employees: 35
• Sector: Financial
• Sector Strength: 88
• Industry: Financial - Capital Markets
• EPS (TTM): -1.87
• Shares Outstanding: 11,741,704
• 10 Day Avg. Volume: 816,298
• 30 Day Avg. Volume: 375,788
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 4.64
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 3.74
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Greenidge Generation Holdings struggles with financial instability due to declining revenues, negative equity, and consistent losses, which heavily impact its overall score. Technical indicators show some potential for price recovery, but valuation metrics highlight significant challenges with profitability and investor appeal. Strategic improvements are necessary for better financial health and market perception.

Greenidge Generation Holdings Business Overview & Revenue Model

Company Description

Greenidge Generation Holdings (GREE) is a vertically integrated cryptocurrency datacenter and power generation company. The company operates a unique business model that combines power generation with cryptocurrency mining operations. Greenidge owns and operates its own power plant which provides the necessary electricity to support its energy-intensive cryptocurrency mining activities. The company is involved in the technology sector with a focus on blockchain and digital currency mining.

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 is facing severe financial challenges characterized by declining revenue, negative profitability, and high leverage. The negative equity position and ongoing cash flow inefficiencies underscore the need for significant operational and financial improvements.

Income Statement

Greenidge Generation Holdings has experienced declining revenue and profitability. The TTM data shows Gross Profit Margin of 19.37% and Net Profit Margin of -20.09%, indicating that the company is not currently profitable. Revenue has decreased from previous periods, and negative EBIT and EBITDA margins further highlight operational challenges. The company needs to improve efficiency and stabilize its revenue streams.

Balance Sheet

The company has a negative Stockholders' Equity of -$58 million in TTM, indicating high leverage and potential financial instability. The Debt-to-Equity Ratio cannot be calculated due to negative equity, but the high total debt relative to assets suggests significant financial risk. This balance sheet position requires careful management to avoid solvency issues.

Cash Flow

Greenidge Generation Holdings faces cash flow challenges with negative Operating and Free Cash Flows in TTM. The Free Cash Flow to Net Income Ratio and Operating Cash Flow to Net Income Ratio indicate inefficiencies in converting revenue into cash. Improvement in cash flow management is necessary to support operations and potential growth.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
70.39M	89.98M	107.28M	20.11M	4.44M
	Gross Profit
19.38M	30.14M	73.46M	7.51M	-461.00K
	EBIT
-16.89M	-58.64M	33.92M	-2.75M	-7.97M
	EBITDA
-2.78M	-181.33M	45.37M	1.94M	-6.29M
	Net Income Common Stockholders
-29.51M	-269.74M	-44.48M	-3.84M	-9.42M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.31M	15.22M	83.09M	11.82M	18.25M
	Total Assets
71.18M	163.77M	341.27M	65.38M	56.84M
	Total Debt
68.71M	152.35M	95.76M	8.21M	12.70M
	Net Debt
55.40M	137.13M	13.16M	3.16M	950.00K
	Total Liabilities
122.20M	210.81M	128.84M	21.02M	23.12M
	Stockholders Equity
-51.02M	-47.05M	212.42M	44.36M	33.72M
Cash Flow		Free Cash Flow
-25.17M	-147.44M	-123.49M	-4.04M	-10.36M
	Operating Cash Flow
-12.15M	-14.48M	40.08M	557.00K	-6.90M
	Investing Cash Flow
-2.71M	-121.35M	-136.46M	-10.55M	-9.75M
	Financing Cash Flow
13.77M	62.14M	173.93M	3.30M	27.70M

Greenidge Generation Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.07
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 1.07 is above the 20-day moving average (MA) of 0.77, above the 50-day MA of 0.84, and below the 200-day MA of 1.74, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 61.13 is Neutral, neither overbought nor oversold. The STOCH value of 60.58 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
Sector *	63 Neutral	$12.46B	9.56	8.14%	17044.64%	12.63%	-4.25%
MIGI	47 Neutral	$12.33M	―	-354.87%	―	36.02%	31.41%
CIFR	47 Neutral	$1.06B	―	-7.61%	―	19.26%	-14.10%
WULF	46 Neutral	$1.07B	―	-31.02%	―	102.30%	45.44%
GRYP	45 Neutral	$16.37M	―	173.25%	―	―	―
GREE	39 Underperform	$15.63M	―	22.29%	―	-15.42%	60.06%
ARBK	37 Underperform	$23.83M	―	242.25%	―	―	―

Greenidge Generation Holdings Corporate Events

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.

Spark’s Take on GREE Stock

According to Spark, TipRanks’ AI Analyst, GREE is a Underperform.

Greenidge Generation Holdings is facing critical financial difficulties, with declining revenue, negative equity, and consistent losses. Technical indicators show weak market momentum, and the negative P/E ratio reflects poor valuation. The overall outlook is negative, with the need for strategic improvements to mitigate financial and operational risks.

To see Spark’s full report on GREE stock, click here.