GREENIDGE GEN.HLD.A-,0001

Greenidge is offering holders the outstanding 8.50% senior notes (maturing 2026) the option to exchange them, at par, for new 10.00% senior notes maturing 2030. Early subscribers receive additional new notes and two Class A common shares for each exchanged principal amount of $25.00; the offer runs until April 8, with an early-subscriber withdrawal deadline of March 25. The move targets total debt of $45.85 million while market capitalization is only $20.38 million; a minimum exchange level of about $11 million is a condition for completion. Greenidge notes liquidity strains (current ratio 0.89, negative free cash flow) and plans to list the new notes on OTC Markets, without a trading guarantee. » Plus sur de.investing.com

Greenidge reported preliminary Q4 2025 revenue of $11.5 million and net income between $1.9 million and $2.9 million. Full-year 2025 results were $58.8 million; loss per share for the trailing twelve months was $0.11 and the company remains unprofitable. Greenidge secured 60 MW at its Dresden (NY) site and 40 MW in Mississippi, is evaluating up to an additional 200 MW in Dresden, and reduced unsecured senior obligations from $68.5 million to $36.7 million. At the end of Q4 it held $19.6 million in cash, $39 million in total debt, and 74 Bitcoin (valued at $6.5 million), and it produced 53 Bitcoin in the quarter. » Plus sur de.investing.com

Greenidge has completed the sale of a 152‑acre property in Spartanburg, South Carolina, for $18m; additional earn‑out payments of up to $18m are possible. The transaction reduces pro‑forma net debt from about $52.9m at the start of the year to around $12.4m and generated net proceeds of roughly $17.9m. As of 30 Nov 2025 the company reports cash and bitcoin valued at about $9.8m and has received approximately $22.1m from disposals of non‑core assets. Greenidge also reports a fire‑related outage in Dresden, NY, the issuance of a new Title V permit with emissions reduction requirements, and planned options to restructure its 2026 bonds. » Plus sur de.investing.com