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Greenidge Generation(GREE) - 2022 Q2 - Quarterly Report
2022-08-15 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________ to _____________________ Commission File Number: 001-40808 Greenidge Generation Holdings Inc. (Exact Name of Registrant as Specified in its C ...
Greenidge Generation(GREE) - 2022 Q1 - Quarterly Report
2022-05-16 20:41
[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Q1 2022, highlighting significant asset and revenue growth from cryptocurrency mining expansion, despite a net loss [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2022, total assets increased to $431.4 million from $341.3 million, driven by property and equipment, while total liabilities grew to $215.3 million due to increased long-term debt Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Current Assets** | $113,726 | $100,602 | | Cash and cash equivalents | $96,453 | $82,599 | | **Property and equipment, net** | $292,051 | $217,091 | | **Total Assets** | **$431,354** | **$341,267** | | **Total Current Liabilities** | $100,244 | $41,726 | | Long-term debt, current portion | $66,729 | $19,577 | | **Total Liabilities** | **$215,302** | **$128,844** | | **Total Stockholders' Equity** | **$216,052** | **$212,423** | [Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20(Loss)%20Income) Total revenue for Q1 2022 surged to $37.7 million from $11.1 million in Q1 2021, driven by cryptocurrency datacenter expansion and the Support.com acquisition, yet resulted in a net loss of $0.4 million due to higher operating costs Q1 2022 vs Q1 2021 Statement of Operations (in thousands, except per share data) | Metric | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | **Total Revenue** | **$37,655** | **$11,063** | | Cryptocurrency datacenter Revenue | $23,232 | $8,997 | | Power and capacity Revenue | $5,923 | $2,066 | | Services and other Revenue | $8,500 | $- | | **Income from operations** | $2,522 | $1,885 | | **Net (Loss) Income** | **($429)** | **$1,279** | | **Basic (Loss) Earnings Per Share** | **($0.01)** | **$0.02** | | **Diluted (Loss) Earnings Per Share** | **($0.01)** | **$0.02** | [Condensed Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Total stockholders' equity increased from $212.4 million to $216.1 million in Q1 2022, primarily due to common stock issuance proceeds and stock-based compensation, partially offset by a net loss - During Q1 2022, the company issued **415,000** shares of common stock, resulting in net proceeds of **$3.8 million**[14](index=14&type=chunk) - The net loss for the quarter was **$429,000**, which reduced the accumulated deficit[14](index=14&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) In Q1 2022, net cash from operating activities was $6.3 million, while investing activities used $70.6 million for property and equipment, and financing activities provided $78.2 million, leading to a $13.9 million increase in cash Q1 2022 vs Q1 2021 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $6,330 | $2,487 | | **Net cash used in investing activities** | ($70,639) | ($5,667) | | *Purchases of property and equipment* | *($71,135)* | *($5,667)* | | **Net cash provided by financing activities** | $78,163 | $37,294 | | *Proceeds from debt, net* | *$80,371* | *$-* | | **Change in Cash and Cash Equivalents** | **$13,854** | **$34,114** | | **Cash and Cash Equivalents - End of Period** | **$96,453** | **$39,166** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes detail the company's business structure, accounting policies, and financial activities, highlighting the Support.com merger, increased debt for miner purchases, and significant future commitments - The company operates a vertically integrated cryptocurrency datacenter and a **106 MW** power generation facility in New York, and another datacenter in South Carolina[16](index=16&type=chunk) - The acquired Support.com business contributed **$8.5 million** in revenue and **$1.5 million** of operating income for Q1 2022[26](index=26&type=chunk) - As of March 31, 2022, the company had entered into agreements to purchase miners totaling **$197.0 million**, with **$135.3 million** already paid as deposits[65](index=65&type=chunk) - In March 2022, the company entered into new financing agreements totaling approximately **$107.5 million** (**$81 million** from NYDIG and **$26.5 million** from B. Riley) to fund miner acquisitions and other purposes[39](index=39&type=chunk)[41](index=41&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2022's significant revenue growth, driven by increased hash rate and the Support.com acquisition, which was offset by rising operating costs and natural gas prices, leading to a net loss despite bolstered liquidity from new debt financing [Overview and Miner Fleet Growth](index=18&type=section&id=Overview%20and%20Miner%20Fleet%20Growth) The company operates vertically integrated cryptocurrency datacenters, with 1.6 EH/s capacity from 19,400 miners as of March 31, 2022, and an additional 3.1 EH/s from 29,600 miners on order, while facing volatile natural gas prices - As of March 31, 2022, the company had approximately **19,400** miners with a capacity of **1.6 EH/s**[87](index=87&type=chunk) - The company has ordered an additional **29,600** miners from Bitmain, which are expected to add approximately **3.1 EH/s** in capacity[87](index=87&type=chunk) - The company is exposed to volatility in natural gas prices, which have been on an upward trajectory and are expected to remain elevated in **2022**[84](index=84&type=chunk) [Results of Operations](index=19&type=section&id=Results%20of%20Operations) Total revenue for Q1 2022 increased by 240.4% to $37.7 million, driven by cryptocurrency datacenter growth and the new Services segment, but a 261.1% rise in cost of revenue and 345.7% increase in SG&A led to a net loss of $0.4 million Q1 2022 vs Q1 2021 Key Operational Results (in thousands) | Metric | Q1 2022 | Q1 2021 | Variance | | :--- | :--- | :--- | :--- | | **Total revenue** | **$37,655** | **$11,063** | **240.4%** | | Cost of revenue (ex-D&A) | $16,550 | $4,583 | 261.1% | | Selling, general and administrative | $14,392 | $3,229 | 345.7% | | Income from operations | $2,522 | $1,885 | 33.8% | | **Net (loss) income** | **($429)** | **$1,279** | **-133.5%** | - The increase in cost of revenue was primarily due to an approximately **83%** year-over-year rise in natural gas cost per dekatherm[93](index=93&type=chunk) - SG&A expenses increased by **$11.2 million**, driven by public company operating costs, corporate infrastructure growth, and **$2.1 million** in expansion assessment costs[95](index=95&type=chunk) [Segment Discussion](index=21&type=section&id=Segment%20Discussion) The Cryptocurrency Datacenter and Power Generation segment saw revenue grow 164% to $29.2 million and Adjusted EBITDA increase 74% to $7.3 million, while the new Support Services segment contributed $8.5 million in revenue and $1.9 million in Adjusted EBITDA Segment Performance Q1 2022 vs Q1 2021 (in thousands) | Segment | Revenue Q1 2022 | Revenue Q1 2021 | Adjusted EBITDA Q1 2022 | Adjusted EBITDA Q1 2021 | | :--- | :--- | :--- | :--- | :--- | | Cryptocurrency Datacenter & Power Generation | $29,155 | $11,063 | $7,344 | $4,221 | | Support Services | $8,500 | $- | $1,869 | $- | | **Total** | **$37,655** | **$11,063** | **$9,213** | **$4,221** | - The Cryptocurrency segment produced **561 bitcoins** in Q1 2022, up from **213** in Q1 2021, due to a **267.3%** increase in average hash rate[109](index=109&type=chunk)[110](index=110&type=chunk) - Power and capacity revenue increased **186.7%** due to higher wholesale electricity prices and increased sales volume to the NYISO grid, particularly during a cold January[111](index=111&type=chunk) [Non-GAAP Measures and Reconciliations](index=24&type=section&id=Non-GAAP%20Measures%20and%20Reconciliations) This section reconciles non-GAAP financial measures, showing Q1 2022 Adjusted EBITDA at $9.2 million (up from $4.2 million in Q1 2021) and Adjusted Net Income at $1.3 million, with adjustments primarily for merger, expansion, and stock-based compensation costs Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA (in thousands) | Line Item | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | **Net (loss) income** | **($429)** | **$1,279** | | (Benefit) provision for income taxes | (368) | 732 | | Interest expense, net | 3,353 | 188 | | Depreciation and amortization | 3,978 | 1,261 | | **EBITDA** | **$6,534** | **$3,460** | | Stock-based compensation | 362 | 656 | | Merger and other costs | 213 | 105 | | Expansion costs | 2,104 | - | | **Adjusted EBITDA** | **$9,213** | **$4,221** | [Liquidity and Capital Resources](index=25&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2022, the company held $96.5 million in cash, with liquidity bolstered by $81 million in new debt, facing $310.1 million in contractual commitments, including $220.6 million in debt and $61.3 million for miner purchases - In Q1 2022, the company obtained approximately **$108 million** of additional committed financings, with **$81 million** funded in March[123](index=123&type=chunk) Contractual Obligations and Commitments as of March 31, 2022 (in thousands) | Commitment | Total | Remainder of 2022 | 2023-2024 | 2025-2026 | Thereafter | | :--- | :--- | :--- | :--- | :--- | :--- | | Debt payments | $220,627 | $66,036 | $70,117 | $84,474 | $- | | Miner and other purchase commitments | $61,342 | $61,342 | $- | $- | $- | | **Total** | **$310,108** | **$130,204** | **$78,448** | **$90,408** | **$11,048** | - The company's current business strategy is to sell digital assets (bitcoin) within a short period after earning them, with over **95%** liquidated the same day it is mined[125](index=125&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=28&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section has been omitted as it is not required for smaller reporting companies - Disclosure is not required for smaller reporting companies[140](index=140&type=chunk) [Controls and Procedures](index=28&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2022, with no material changes to internal control over financial reporting during Q1 2022 - Management, including the CEO and CFO, concluded that as of **March 31, 2022**, the company's disclosure controls and procedures are effective[141](index=141&type=chunk) - No material changes in internal control over financial reporting occurred during **Q1 2022**[142](index=142&type=chunk) [PART II. OTHER INFORMATION](index=29&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=29&type=section&id=Item%201.%20Legal%20Proceedings) The company is not aware of any material adverse legal proceedings, and a challenge to its datacenter expansion site plan in Torrey, NY, was denied by the court in April 2022 - A legal challenge (Article 78 petition) to the company's datacenter expansion in Torrey, NY was denied by the court in **April 2022**[145](index=145&type=chunk) - The company states it is not currently aware of any legal proceedings or claims that it believes will have a material adverse effect on its business[144](index=144&type=chunk) [Risk Factors](index=29&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2021, have occurred - No material changes to the risk factors disclosed in the **2021 Form 10-K** have occurred during the quarter[146](index=146&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=29&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details its stock purchase agreements with B. Riley Principal Capital, including the termination of the 2021 agreement and the establishment of a new $500 million purchase agreement on April 7, 2022, for general corporate purposes - From January 1, 2022, to April 6, 2022, the company issued **415,000** shares of Class A common stock to BRPC under the **2021 Purchase Agreement**[147](index=147&type=chunk) - On **April 7, 2022**, the company entered into a new common stock purchase agreement with BRPC, with the right to sell up to **$500 million** in shares[148](index=148&type=chunk) [Defaults Upon Senior Securities](index=29&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities have been reported - None[150](index=150&type=chunk) [Mine Safety Disclosures](index=29&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - Not applicable[151](index=151&type=chunk) [Other Information](index=29&type=section&id=Item%205.%20Other%20Information) This section is not applicable to the company's operations - Not applicable[152](index=152&type=chunk) [Exhibits](index=30&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the Quarterly Report, including key financing and purchase agreements, and officer certifications - Exhibits filed include the Secured Promissory Note with B. Riley, the Master Equipment Finance Agreement with NYDIG, and the new **2022 Purchase Agreement** with B. Riley[155](index=155&type=chunk)
Greenidge Generation(GREE) - 2021 Q4 - Annual Report
2022-03-31 20:24
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40808 Greenidge Generation Holdings Inc. (Exact name of Registrant as specified in its Charter) Delaware 86-1746728 (State or other j ...
Greenidge Generation(GREE) - 2021 Q3 - Quarterly Report
2021-11-15 13:23
[PART I. FINANCIAL INFORMATION](index=7&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) Financial information for the period, highlighting significant growth and strategic shifts [Financial Statements](index=7&type=section&id=Item%201.%20Financial%20Statements) The financial statements for the period ended September 30, 2021, reflect significant growth and transformation, driven by acquisitions and cryptocurrency mining [Condensed Consolidated Balance Sheets (Unaudited)](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20(Unaudited)) As of September 30, 2021, total assets surged to **$258.3 million**, primarily due to miner purchases and the Support.com merger Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Total Current Assets** | $64,425 | $7,774 | | Cash and cash equivalents | $51,149 | $5,052 | | **Property and equipment, net** | $121,532 | $56,645 | | **Goodwill** | $46,349 | $0 | | **Total Assets** | **$258,311** | **$64,567** | | **Total Current Liabilities** | $33,454 | $11,639 | | Notes payable, current portion | $17,994 | $3,273 | | **Total Liabilities** | **$52,509** | **$20,207** | | **Total Stockholders' Equity** | **$205,802** | **$44,360** | [Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20(Loss)%20(Unaudited)) Revenues grew dramatically due to cryptocurrency mining, but the company posted a net loss primarily from merger-related costs Statement of Operations Highlights (in thousands) | Metric | Q3 2021 | Q3 2020 | Nine Months 2021 | Nine Months 2020 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$35,754** | **$6,123** | **$62,993** | **$13,937** | | Cryptocurrency mining | $31,156 | $3,043 | $54,217 | $8,673 | | Power and capacity | $3,077 | $3,080 | $7,255 | $5,264 | | Services and other | $1,521 | $0 | $1,521 | $0 | | **Loss from Operations** | **($11,865)** | **($506)** | **($4,696)** | **($2,102)** | | Merger and other costs | $29,847 | $0 | $31,095 | $0 | | **Net Loss** | **($7,896)** | **($289)** | **($3,099)** | **($2,466)** | | **Loss per Share (Basic)** | **($0.28)** | N/A | **($0.13)** | N/A | [Condensed Consolidated Statements of Cash Flows (Unaudited)](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20(Unaudited)) Net cash from operations improved significantly, while substantial capital was used for investing and raised through financing activities Cash Flow Summary (Nine Months Ended Sep 30, in thousands) | Category | 2021 | 2020 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | **$26,666** | **$788** | | **Net cash used in investing activities** | **($38,644)** | **($9,302)** | | Purchases of and deposits for property and equipment | ($65,757) | ($9,738) | | Cash received in Merger | $27,113 | $0 | | **Net cash provided by financing activities** | **$58,075** | **$0** | | Proceeds from issuance of preferred stock, net | $37,113 | $0 | | Proceeds from notes payable, net | $25,112 | $0 | | **Change in Cash and Cash Equivalents** | **$46,097** | **($8,514)** | [Notes to Condensed Consolidated Financial Statements (Unaudited)](index=13&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) The notes detail the Support.com merger, accounting policies for digital assets, significant equipment commitments, and subsequent financing and expansion events - On September 14, 2021, Greenidge merged with Support.com in an all-stock transaction, valued at **$93.9 million**[23](index=23&type=chunk)[24](index=24&type=chunk)[85](index=85&type=chunk) - Digital assets (primarily bitcoin) are accounted for as indefinite-lived intangible assets and assessed for impairment; gains or losses on sales use the LIFO method[37](index=37&type=chunk)[40](index=40&type=chunk) - As of September 30, 2021, the company had agreements to purchase miner equipment totaling **$142.2 million**, with deposits of **$38.5 million** already paid[147](index=147&type=chunk) - Subsequent to quarter end, Greenidge completed a **$55.2 million** public offering of 8.50% Senior Notes due 2026 and agreed to purchase a 175-acre property in South Carolina for **$15.0 million** for a new bitcoin mining operation[155](index=155&type=chunk)[156](index=156&type=chunk)[157](index=157&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes significant revenue growth to cryptocurrency mining expansion and favorable bitcoin prices, while pursuing further capacity and strategic capital raises - As of September 30, 2021, Greenidge had approximately 15,300 miners with an estimated aggregate hash rate capacity of **1.2 EH/s**, with orders to reach approximately 49,000 miners and **4.7 EH/s** total committed capacity[184](index=184&type=chunk) - The company is expanding operations with a new bitcoin mining facility in Spartanburg, South Carolina, and exploring multiple sites in Texas with over **2,000MW** of potential electrical capacity[171](index=171&type=chunk)[172](index=172&type=chunk)[174](index=174&type=chunk) Key Financial Metrics (Q3 2021 vs Q3 2020, in thousands) | Metric | Q3 2021 | Q3 2020 | Variance | | :--- | :--- | :--- | :--- | | Total Revenue | $35,754 | $6,123 | 483.9% | | Net Loss | ($7,896) | ($289) | N/A | | Adjusted EBITDA | $21,177 | $775 | 2632.5% | - The company significantly improved liquidity, ending Q3 with **$51.1 million** in cash, and subsequently raised **$53.3 million** net from senior notes and **$47.9 million** from share sales[220](index=220&type=chunk)[222](index=222&type=chunk)[223](index=223&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=59&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Greenidge is not required to provide this disclosure - Disclosure is not required for smaller reporting companies[263](index=263&type=chunk) [Controls and Procedures](index=59&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2021, with no material changes to internal controls during Q3 2021 - The CEO and CFO concluded that as of September 30, 2021, the company's disclosure controls and procedures are effective[264](index=264&type=chunk) - No changes in internal control over financial reporting occurred during Q3 2021 that materially affected, or are reasonably likely to materially affect, the company's internal control[265](index=265&type=chunk) [PART II. OTHER INFORMATION](index=60&type=section&id=PART%20II.%20OTHER%20INFORMATION) Other information includes legal proceedings, risk factors, equity sales, and management changes [Legal Proceedings](index=60&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in an Article 78 petition challenging its data center expansion, while previous merger-related lawsuits have been dismissed - An Article 78 petition was filed challenging the site plan review for the planned expansion of the bitcoin mining data center in the Town of Torrey; the company believes the claims have no merit[268](index=268&type=chunk) - All six merger-related lawsuits filed by alleged Support.com stockholders have been voluntarily dismissed by the plaintiffs[144](index=144&type=chunk)[145](index=145&type=chunk)[282](index=282&type=chunk) [Risk Factors](index=60&type=section&id=Item%201A.%20Risk%20Factors) The company identifies numerous risks, including dependence on a single power facility, bitcoin price volatility, regulatory uncertainties, and control by Atlas - The business currently depends on a single natural gas power generation facility in Torrey, New York, making it vulnerable to operational disruptions[288](index=288&type=chunk) - The company's financial success is highly dependent on the volatile price of bitcoin; a decline could significantly harm revenue and profitability[309](index=309&type=chunk) - The company is a "controlled company" under Nasdaq rules due to Atlas and its affiliates controlling **88.8%** of the voting power, limiting Class A stockholder influence[394](index=394&type=chunk) - The Support Services segment has high customer concentration, with a major customer, Comcast, terminating its contract in Q1 2022[369](index=369&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=90&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During and after the quarter, the company issued unregistered securities, including Class A shares for consulting fees, preferred stock conversion, and sales to B. Riley Principal Capital - Issued **562,174** shares of Class A common stock as a consulting fee in connection with the Merger[426](index=426&type=chunk) - From October 6, 2021, to November 12, 2021, the company sold **1,977,500** shares of Class A common stock to B. Riley Principal Capital, LLC under a purchase agreement[428](index=428&type=chunk) [Defaults Upon Senior Securities](index=91&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None - None[432](index=432&type=chunk) [Mine Safety Disclosures](index=91&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Not applicable - Not applicable[433](index=433&type=chunk) [Other Information](index=91&type=section&id=Item%205.%20Other%20Information) The company announced a management transition effective January 1, 2022, appointing Robert Loughran as the new CFO - Effective January 1, 2022, Timothy Rainey will transition from Company CFO to Treasurer and CFO of the subsidiary Greenidge Generation Holdings LLC[434](index=434&type=chunk) - Robert Loughran has been appointed as the Company's new Chief Financial Officer, effective January 1, 2022[435](index=435&type=chunk)[436](index=436&type=chunk) [Exhibits](index=95&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Quarterly Report on Form 10-Q, including corporate governance documents and material contracts
Greenidge Generation(GREE) - 2021 Q2 - Quarterly Report
2021-09-23 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________ to _____________________ Commission File Number: 001-40808 Greenidge Generation Holdings Inc. (Exact Name of Registrant as Specified in its C ...