Greenidge Generation(US:GREE)2025-03-06 14:02Financial Performance - Total revenue for Q4 2024 was $14.8 million, an improvement of $2.4 million from Q3 2024[4] - Full year 2024 total revenue reached $59.5 million, with SG&A expenses reduced by $8.9 million from FY 2023[4] - Net loss from continuing operations for Q4 2024 was between $3.3 million and $4.3 million, an improvement of $2.0 million to $3.0 million from Q3 2024[4] - Adjusted EBITDA for Q4 2024 was between $2.6 million and $3.6 million, an improvement of $2.7 million to $3.7 million from Q3 2024[4] Cash and Debt Management - The company ended Q4 2024 with $8.6 million in cash and $68.5 million in aggregate principal amount of debt[7] - The company reduced its debt by over $5.2 million through privately negotiated debt-for-equity exchanges, including approximately $3.7 million completed in 2024[8] Growth and Expansion Plans - Greenidge plans to acquire over 200MW of energy assets and significantly reduce debt in 2025[1] - Greenidge is exploring the acquisition of a new site in Mississippi with access to at least 25MW of additional power by Q4 2025[8] - The company successfully built out 15MW of mining capacity in Mississippi and North Dakota during 2024[8] - Greenidge's active datacenter operations consist of approximately 2.9 EH/s of hosting and mining, with a planned increase to 146.5MW by the end of 2025[6]