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NASDAQ:GREE

Greenidge Generation Q3 2024 Earnings Report

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$1.24 -0.05 (-3.52%)
As of 12:42 PM Eastern
This is a fair market value price provided by Massive. Learn more.

Greenidge Generation EPS Results

Actual EPS
-$0.60
Consensus EPS
-$0.53
Beat/Miss
Missed by -$0.07
One Year Ago EPS
N/A

Greenidge Generation Revenue Results

Actual Revenue
$12.35 million
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

Greenidge Generation Announcement Details

Quarter
Q3 2024
Time
After Market Closes
Conference Call Date
Thursday, November 7, 2024
Conference Call Time
7:00AM ET

Upcoming Earnings

Greenidge Generation's Q1 2026 earnings is estimated for Monday, May 18, 2026, based on past reporting schedules, with a conference call scheduled on Friday, May 22, 2026 at 9:30 AM ET. Check back for transcripts, audio, and key financial metrics as they become available.

Earnings Documents

Greenidge Generation Earnings Headlines

Rise of the… petroyuan?
On February 28th, Iran installed a yuan-denominated toll at the Strait of Hormuz - the chokepoint for one in every five barrels of oil on Earth. Since then, 11.7 million barrels have moved completely outside the U.S. dollar clearing network. Foreign central bank Treasury holdings just hit their lowest level since 2012, with $82 billion dumped in three weeks. With $9 trillion in U.S. debt due for refinancing in the next 12 months and fewer buyers, gold analyst Garrett Goggin, CFA, CMT sees miners still priced for $1,800 gold as the overlooked opportunity before a major repricing.tc pixel
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About Greenidge Generation

Greenidge Generation (NASDAQ:GREE) is an energy and digital asset company that operates a natural gas–fired power plant alongside an on-site Bitcoin mining facility. The company’s primary business activities include generating electricity for the New York power grid and leveraging that generation capacity to support high-performance cryptocurrency mining. Through these complementary operations, Greenidge seeks to optimize power utilization while capitalizing on growing demand for digital assets.

The company’s core power generation assets are located in Dresden, New York, where it repurposed a former coal-fired plant under Atlas Holdings’ ownership and converted it to a combined-cycle natural gas facility. This plant generates enough electricity to both supply wholesale power markets in the northeastern United States and provide dedicated, low-cost energy to its integrated mining center. Greenidge emphasizes operational efficiency and seeks to maintain competitive heat rates and emissions controls in compliance with state and federal environmental standards.

Greenidge’s digital asset segment features a purpose-built data center that houses thousands of proprietary Bitcoin mining servers. By colocating mining equipment at its generation site, the company is able to capture value across the power generation and crypto-mining value chains. Greenidge has pursued initiatives to enhance sustainability, including investments in energy-efficient mining hardware and exploring opportunities to incorporate renewable energy credits into its operations.

Founded around the original Dresden plant, Greenidge Generation relaunched power production in 2017 and completed a business combination to become a publicly traded company in 2021. Its leadership team is headed by Chief Executive Officer Jeffrey Kirt, with Todd Davis serving as executive chairman. Together, this management group focuses on balancing energy market dynamics with the technical demands of large-scale digital asset mining.

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