Why It's Rising Today? Greenidge Generation Holdings Inc GREE Stock

SUBSCRIBE TO THE CHANNEL!!!
👉Support My Work
https://www.patreon.com/bullmarketwatch
👉Let's Both Get Free Stocks! Sign Up To WeBull With My Link.
https://a.webull.com/i/IPOMarketWatch

Greenidge Generation Holdings Inc. operates an integrated bitcoin mining and power generation facility in the Town of Torrey, New York. It owns and operates data centers for bitcoin mining and blockchain services. As of September 30, 2021, the company had approximately 15,300 miners. It also generates and distributes electricity through a natural gas power generation facility with an installed capacity of 106 megawatt located in New York. The company was founded in 1937 and is based in Dresden, New York.

Greenidge Generation Reports Fourth Quarter and Full Year 2021 Results and Provides First Quarter 2022 Update
Fourth Quarter 2021 Highlights

Total revenue increased to $44.3 million, up 617% year-over-year
Cryptocurrency datacenter revenue increased to $33.7 million, up 676% year-over-year
GAAP net loss was $41.4 million for the fourth quarter, including a $42.3 million noncash goodwill impairment charge related to the Support.com business, as compared to a net loss of $0.8 million in the prior year
Adjusted EBITDA of $19.1 million – in line with February 2022 guidance of $18 million to $20 million
Adjusted EBITDA margin of 43.2%, compared to 19.2% in the prior year
Produced 609 bitcoins in the fourth quarter
Mining capacity of approximately 1.4 EH/s from 17,300 miners as of December 31, 2021
Adjusted net income of $7.6 million
Completed acquisition of Spartanburg, SC site and commenced operations at the facility within one week
Cash, short term investments and cryptocurrency holdings of $84.4 million as of December 31, 2021

⚫FACEBOOK
https://facebook.com/groups/659635791621800/
⚫TWITTER
https://twitter.com/watch_ipo

🔥 Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favour of fair use.