Greenidge Generation Holdings (GREE)
NASDAQ:GREE
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Greenidge Generation Holdings
(NASDAQ:GREE)
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Rating:45Neutral
Price Target:
$1.00
▼(-34.64% Downside)
Action:Reiterated
Date:05/20/26
The score is primarily held down by weak financial quality—negative equity, continued cash burn, and pressured operating profitability—despite a recent revenue rebound. Technicals are only mildly supportive (short-term stabilization but longer-term trend remains weak), while valuation offers limited help due to a negative P/E and no dividend. Corporate events add additional governance and refinancing/dilution risk.
Positive Factors
Owned power assets enabling AI/datacenter capacity
Ownership of generation assets and recent interconnection agreements (60MW non-curtailable at Dresden and a 250MW Mississippi load study) create durable capacity to host AI/HPC datacenters. This structural asset base supports long-term contracted/merchant power and differentiated, low-cost colocated compute supply.
Negative Factors
Negative shareholders' equity
A persistent negative equity position constrains financial flexibility, increases recapitalization and dilution risk, and weakens creditor and investor confidence. Even with debt reductions, negative equity materially limits options for raising capital on non-dilutive terms and signals structural balance-sheet repair needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Owned power assets enabling AI/datacenter capacity
Ownership of generation assets and recent interconnection agreements (60MW non-curtailable at Dresden and a 250MW Mississippi load study) create durable capacity to host AI/HPC datacenters. This structural asset base supports long-term contracted/merchant power and differentiated, low-cost colocated compute supply.
Read all positive factors
Greenidge Generation Holdings (GREE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.71M
Dividend YieldN/A
Average Volume (3M)350.21K
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue Growth1.56%
EPS GrowthN/A
CountryUS
Employees35
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.42
Shares Outstanding14,073,725
10 Day Avg. Volume416,104
30 Day Avg. Volume350,212
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-0.42
Price to Sales (P/S)0.33
P/FCF Ratio-1.11
Enterprise Value/Market Cap2.30
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit2.29
Enterprise Value/Ebitda2.83
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Greenidge Generation Holdings Business Overview & Revenue Model
Company Description
Greenidge Generation Holdings (GREE) is a vertically integrated cryptocurrency and blockchain infrastructure company that operates a power generation facility in New York. The company specializes in utilizing its excess energy capacity to power cr...
How the Company Makes Money
Greenidge generates revenue primarily through (1) bitcoin mining and (2) power-related activities tied to its owned generation assets.
1) Bitcoin mining revenue: The company earns revenue by operating specialized mining computers (ASICs) that pe...
Greenidge Generation Holdings Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.37M | 58.78M | 59.53M | 70.39M | 89.98M | 97.33M |
| Gross Profit | 24.72M | 9.01M | 47.45M | 19.38M | 28.43M | 68.94M |
| EBITDA | 20.03M | 20.65M | 699.00K | -2.78M | -181.33M | 45.37M |
| Net Income | 6.27M | 5.29M | -19.79M | -29.51M | -269.74M | -44.48M |
Balance Sheet | ||||||
| Total Assets | 46.12M | 53.55M | 64.86M | 71.18M | 163.77M | 341.27M |
| Cash, Cash Equivalents and Short-Term Investments | 13.71M | 19.57M | 8.62M | 13.31M | 15.22M | 83.09M |
| Total Debt | 42.25M | 43.09M | 68.07M | 68.71M | 152.35M | 95.76M |
| Total Liabilities | 96.31M | 99.86M | 120.61M | 122.20M | 210.81M | 128.84M |
| Stockholders Equity | -50.19M | -46.30M | -55.75M | -51.02M | -47.05M | 212.42M |
Cash Flow | ||||||
| Free Cash Flow | -22.40M | -17.45M | -22.47M | -25.99M | -147.44M | -118.31M |
| Operating Cash Flow | -20.67M | -14.99M | -12.04M | -12.97M | -14.48M | 45.26M |
| Investing Cash Flow | 34.42M | 36.55M | -3.89M | -2.71M | -121.35M | -141.77M |
| Financing Cash Flow | -11.58M | -10.61M | 11.24M | 13.77M | 62.14M | 174.06M |
Greenidge Generation Holdings Technical Analysis
Positive
1.53
Price Trends
1.24
Positive
1.31
Positive
1.47
Positive
Market Momentum
0.06
Negative
67.77
Neutral
84.28
Negative
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 1.53 is above the 20-day moving average (MA) of 1.25, above the 50-day MA of 1.24, and above the 200-day MA of 1.47, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 67.77 is Neutral, neither overbought nor oversold. The STOCH value of 84.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | $8.88B | -2.15 | -28.78% | ― | 42.40% | -72.16% | |
57 Neutral | $8.32B | -13.19 | -117.65% | ― | 37.96% | -506.10% | |
49 Neutral | $1.18B | -2.88 | -29.72% | ― | 1310.53% | 70.57% | |
47 Neutral | $7.73M | 0.22 | ― | ― | ― | ― | |
45 Neutral | $24.71M | -0.96 | ― | ― | 1.56% | ― |
* Financial Sector Average
GREE
Greenidge Generation Holdings
1.28
0.02
1.59%
RIOT
Riot Platforms
22.65
13.72
153.58%
ABTC
American Bitcoin Corp
1.02
-5.43
-84.19%
CIFR
Cipher Mining
18.80
15.02
397.35%
ARBK
Argo Blockchain
3.88
-90.04
-95.87%
Greenidge Generation Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Greenidge Generation Advances AI-Focused Power and Datacenter Strategy
Negative
May 18, 2026
On May 18, 2026, Greenidge Generation reported first-quarter 2026 results showing total revenue of $20.8 million, driven by power and capacity revenue that more than doubled year-on-year to $18.7 million, while cryptocurrency mining and hosting re...
Executive/Board ChangesDelistings and Listing ChangesRegulatory Filings and Compliance
Greenidge Faces Nasdaq Non-Compliance After Audit Resignation
Negative
May 1, 2026
On April 23, 2026, Greenidge Generation Holdings Inc. disclosed that it had fallen out of compliance with Nasdaq’s audit committee independence rule after director Kenneth Fearn resigned from the board and audit committee effective April 15,...
Executive/Board Changes
Greenidge Generation Announces Board Resignations and RSU Vesting
Neutral
Apr 16, 2026
On April 15, 2026, Greenidge Generation Holdings Inc. announced that directors Kenneth Fearn and Christopher Krug resigned from its board, where Fearn sat on the Audit Committee and Krug on the Compensation Committee, with the company stating that...
Delistings and Listing ChangesPrivate Placements and Financing
Greenidge Announces Final Results of Senior Notes Exchange
Negative
Apr 9, 2026
On April 9, 2026, Greenidge Generation Holdings reported the final results of its exchange offer for its 8.50% Senior Notes due 2026, which began on March 11 and expired on April 8, 2026. Noteholders tendered $1.44 million of the $36.66 million ou...
Business Operations and StrategyPrivate Placements and Financing
Greenidge Generation Revises Senior Notes Exchange Offer Terms
Negative
Mar 25, 2026
On March 25, 2026, Greenidge Generation announced amendments to its exchange offer for its 8.50% Senior Notes due 2026, originally launched on March 11, 2026. The revised terms grant all tendering noteholders $25 in principal amount of new notes p...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Greenidge Generation Launches Senior Notes Exchange Offer Initiative
Positive
Mar 11, 2026
Greenidge Generation’s board compensation committee on March 4, 2026 approved one-time cash and equity bonuses worth $100,000 each for CEO Jordan Kovler, President Dale Irwin and CFO Christian Mulvihill, rewarding their role in closing the $...
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.