Cryptocurrency datacenter Greenidge's Q3 revenue rises 83%

Vulcan Infrastructure and Power

13/11/2025 13:38

Corrects revenue in Key Details table to $15.2 mln, not $4.2 mln

Overview

Greenidge Q3 2025 revenue at $15.2 mln, net income at $12.0 mln

Company reduces senior unsecured debt by 47.2% to $38 mln

Greenidge reaches agreement with NYSDEC on new five-year air permit

Outlook

Greenidge plans to secure 40MW electrical capacity by March 2027

Company exploring sale or development of South Carolina property

Greenidge to restructure 2026 debt through exchange offers

Result Drivers

POWER AND CAPACITY REVENUE - Co reports 83% increase in power and capacity revenue to $4.7 mln, reflecting commitment to providing power to the grid

DEBT REDUCTION - Co reduced senior unsecured debt by 47.2% to $38 mln through tender offers and exchanges

MINER FLEET EFFICIENCY - Co improved efficiency of miner fleet by 10% to 21.3 J/TH

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$15.2 mln
Q3 Net Income
$12 mln
Q3 Adjusted EBITDA
$1.70 mln
Q3 Operating Income
$12 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

Wall Street's median 12-month price target for Greenidge Generation Holdings Inc is $4.00, about 61% above its November 12 closing price of $1.56

Press Release: ID:nBwbm1g3Za

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 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)