Group 1 - Greenidge Generation announced an exchange offer to swap $36.6 million of its outstanding senior notes for new debt, offering a 45% early exchange premium over the recent volume-weighted average price [1][2] - The transaction involves exchanging 8.50% senior notes due in 2026 for new 10.00% senior notes maturing in 2030, with noteholders receiving $25 in principal of the new notes for every $25 of old notes tendered [1][2] - An early exchange incentive includes two shares of Greenidge Class A common stock for noteholders who tender by March 25, marking a 45.0% premium to the 60-day volume-weighted average price of the old notes [2] Group 2 - Noteholders tendering after March 25 will only receive the $25 principal amount of the new notes, and the debt exchange requires a minimum tender of $11 million to close, representing 30.0% of the outstanding 2026 notes [3] - The debt restructuring follows operational setbacks, including the sale of 60-megawatt power rights and land in South Carolina to raise capital amid low mining revenues, and financial pressures due to a fire at its Dresden facility [4]