2023-03-31 08:24:31 ET
- Greenidge Generation Holdings press release ( NASDAQ: GREE ): Q4 adjusted net loss from continuing operations of $25.7 million.
- Active Mining capacity of approximately 2.4 EH/s from 24,200 miners as of December 31, 2022.
- Revenue of $16.01M (-55.3% Y/Y) misses by $11.69M .
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Adjusted EBITDA loss for the fourth quarter was $4.9 million compared to the prior year fourth quarter Adjusted EBITDA of $18.2 million.
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Produced 683 bitcoins in the fourth quarter.
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As of December 31, 2022, Greenidge had cash, short term investments and fair value of cryptocurrency holdings of $15.7 million and expects to end the first quarter of 2023 with approximately $17 million of cash.
For further details see:
Greenidge Generation Holdings reports Q4 results