Greenidge Generation Q1 revenue rises on power sales, loss narrows

Vulcan Infrastructure and Power

18/05/2026 13:09

Overview

US power generation and datacenter firm's Q1 revenue rose yr/yr, driven by power and capacity sales

Net loss and adjusted EBITDA loss narrowed from Q1 2025

Company advanced AI/HPC datacenter plans and continued asset monetization, including a Mississippi sale

Outlook

Company expects to energize 40MW at Mississippi site in Q1 2027

Greenidge advancing 60MW Dresden AI/HPC datacenter development pending interconnection agreement

Company pursuing strategic partnerships and asset monetization at Mississippi site

Result Drivers

POWER AND CAPACITY SALES - Co said power and capacity revenue more than doubled yr/yr, driving overall revenue growth

AI/HPC DATACENTER DEVELOPMENT - Co said receipt of proposed NYSEG Interconnection Agreement and Mississippi load study advanced AI/HPC datacenter plans

ASSET MONETIZATION - Co said continued debt reduction and sale of non-core Mississippi asset strengthened balance sheet

Company press release: ID:nACSshq4ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$4.60 mln
Q1 Adjusted EBITDA
-$1 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 172.1% above its May 15 closing price of $1.47

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)