Name | Value |
---|---|
Revenues | 14.7M |
Cost of Revenue | 11.1M |
Gross Profit | 3.6M |
Operating Expense | 10.2M |
Operating I/L | -6.6M |
Other Income/Expense | -3.1M |
Interest Income | 3.1M |
Pretax | -9.8M |
Income Tax Expense | 0.3M |
Net Income/Loss | -10.0M |
Greenidge Generation Holdings Inc. is an integrated cryptocurrency datacenter and power generation company. It owns and operates cryptocurrency datacenters in New York and South Carolina, as well as a 106 MW power generation facility. The company's primary revenue streams come from providing hosting and power services to cryptocurrency miners, as well as selling excess electricity to the grid. By leveraging its power generation assets to support cryptocurrency mining operations, Greenidge Generation Holdings Inc. has established a unique business model that capitalizes on the growing demand for both digital currencies and sustainable energy solutions.