GREENI.G.H.A NEW DL-,0001 Aktie

Greenidge Generation has brought the Dresden power plant back into operation after a fire caused by a failure of an electrical switchgear on November 23; the facility has been feeding electricity into the grid since December 9. The fire was contained, the company’s own and hosted Bitcoin miners were undamaged, and the shutdown occurred automatically. The company shows high indebtedness of $45.85 million and a current ratio of 0.89. At the same time, Greenidge completed the sale of a 152‑acre property in Spartanburg for $18 million and received a new five‑year Title V air permit with an emissions reduction of 44% by 2030; pay increases for the CEO, president and CFO were also announced. » Więcej na de.investing.com

A fire broke out on Nov. 23 at Greenidge Generation's Bitcoin mining facility in Dresden, New York, prompting immediate de-energization and a temporary shutdown. The company says the incident has been contained and an investigation and repair plan are underway. Preliminary assessments indicate no material damage to the miners, and Greenidge expects normal operations to resume over the coming weeks but cannot provide a definitive restoration timeline. » Więcej na finance.yahoo.com

Greenidge reached an agreement with the New York State Department of Environmental Conservation that enables a five-year Title V air permit for the Dresden power plant and settles ongoing proceedings. The agreement requires a 44% reduction in permitted emissions by 2030; actual emissions are to fall by 25% by then. In the third quarter the company generated USD 15.2 million in revenue and a net income of USD 12.0 million, but remains unprofitable on a twelve-month basis and carries high debt (USD 63.27 million) with a market capitalization of USD 24.45 million. Greenidge reduced its outstanding senior unsecured obligations and held USD 7.6 million in cash and Bitcoin worth USD 6.1 million at quarter end, but showed negative free cash flow. » Więcej na de.investing.com