Greenidge Generation Reports Q2 2025 Results: Total Revenue at $12.9M, Net Loss of $4.1M, Positive Adjusted EBITDA of $0.4M

Reuters
Aug 14
Greenidge Generation Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Total Revenue at $12.9M, Net Loss of $4.1M, Positive Adjusted EBITDA of $0.4M

Greenidge Generation Holdings Inc. (Nasdaq: GREE), a cryptocurrency datacenter and power generation company, announced its financial and operating results for the second quarter of 2025. The company reported total revenue of $12.9 million and a net loss of $4.1 million. The EBITDA loss was recorded at $0.2 million, with a positive adjusted EBITDA of $0.4 million. Cryptocurrency mining contributed $4.2 million to the revenue, while datacenter hosting and power and capacity revenues were $6.0 million and $2.6 million, respectively. The total bitcoin production for the quarter was 110 BTC. The company achieved a substantial reduction in its senior unsecured debt, decreasing it to $44.6 million, a 38.2% reduction from the original $72.2 million. Additionally, Greenidge reported improvements in the efficiency of its active miner fleet, reaching 23.6 J/TH. The company also completed the acquisition of a 37-acre site in Mississippi, which is expected to provide access to 44 MW of additional low-cost power by July 2026, and announced the sale of its existing 7.5MW Mississippi mining facility. The sale of the South Carolina property is progressing and is expected to close by August 25, 2025. Greenidge reported a 99.6% energy availability rate at its Dresden power plant in July, indicating a strong performance in meeting electricity demands during peak summer months. The company has not pursued any equity sales under its equity line of credit during the second quarter and has no current plans to do so.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenidge Generation Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250813959200) on August 13, 2025, and is solely responsible for the information contained therein.

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