GREE - Greenidge Generation announces preliminary Q1 financial and operating results
2024-05-01 17:19:45 ET
- Greenidge Generation ( NASDAQ: GREE ) on Wednesday announced preliminary financial results for the first quarter of 2024.
- Preliminary First Quarter 2024 Financial Results:
- Revenue of approximately $19.2 million;
- Net loss from continuing operations of approximately $3.1 million to $4.1 million;
- Adjusted EBITDA of approximately $2.1 to approximately $3.1 million;
- Loss per share of $0.33 to $0.43 2 ;
- Cryptocurrency datacenter self-mining revenue of $7.1 million; Cryptocurrency datacenter hosting revenue of $9.1 million; and
- Power and capacity revenue of $3.0 million.
- Greenidge’s cryptocurrency datacenter operations produced approximately 409 bitcoin during the first quarter of 2024, of which 275 bitcoin were produced for colocation and 134 bitcoin were produced for self-mining. The average opening price of Bitcoin during the first quarter of 2024 was $53,260.04.
- GREE +4.85% after hours to $2.81
- Source: Press Release