Brief: Greenidge Generation Announces Leadership Transition, Selected Q3 Preliminary Results

Vulcan Infrastructure and Power

07/10/2022 22:47

Oct 7 (Reuters) - Greenidge Generation Holdings Inc
 GREE.O :
    * GREENIDGE GENERATION ANNOUNCES LEADERSHIP TRANSITION,
BOARD
CHANGES AND SELECTED PRELIMINARY FINANCIAL AND OPERATING RESULTS
FOR THIRD QUARTER 2022
    * GREENIDGE GENERATION HOLDINGS INC SEES Q3 REVENUE ABOUT
$29.0
MILLION
    * GREENIDGE GENERATION HOLDINGS INC- JEFFREY KIRT TO RESIGN
FROM
HIS ROLES AS CEO AND DIRECTOR, EFFECTIVE OCTOBER 7, 2022
    * GREENIDGE GENERATION HOLDINGS INC- DAVID ANDERSON
APPOINTED AS
CEO AND DIRECTOR, EFFECTIVE OCTOBER 8, 2022
    * GREENIDGE GENERATION HOLDINGS INC - EXPECTS GAAP NET LOSS
IN A
RANGE OF ABOUT $22 MILLION TO $20 MILLION FOR Q3
    * GREENIDGE GENERATION HOLDINGS INC - PRODUCED APPROXIMATELY
866
BITCOIN DURING Q3, OF WHICH APPROXIMATELY 278 WERE PRODUCED IN
SEPTEMBER 2022
    * GREENIDGE GENERATION HOLDINGS INC - MINING CAPACITY OF
APPROXIMATELY 2.4 EH/S FROM APPROXIMATELY 24,500 MINERS IN
SERVICE AS OF SEPTEMBER 30, 2022
    * GREENIDGE GENERATION HOLDINGS INC - APPROXIMATELY $39
MILLION IN
CASH AND FAIR VALUE OF CRYPTOCURRENCY HOLDINGS AT SEPTEMBER 30,
2022

Source text for Eikon:  ID:nPn5yMjCJa 
Further company coverage:  GREE.O 
 ((Reuters.Briefs@thomsonreuters.com;))