CORRECTED-Cryptocurrency datacenter Greenidge's Q3 revenue rises 83%
Overview
Greenidge Q3 2025 revenue at $15.2 mln, net income at $12.0 mln
Company reduces senior unsecured debt by 47.2% to $38 mln
Greenidge reaches agreement with NYSDEC on new five-year air permit
Outlook
Greenidge plans to secure 40MW electrical capacity by March 2027
Company exploring sale or development of South Carolina property
Greenidge to restructure 2026 debt through exchange offers
Result Drivers
POWER AND CAPACITY REVENUE - Co reports 83% increase in power and capacity revenue to $4.7 mln, reflecting commitment to providing power to the grid
DEBT REDUCTION - Co reduced senior unsecured debt by 47.2% to $38 mln through tender offers and exchanges
MINER FLEET EFFICIENCY - Co improved efficiency of miner fleet by 10% to 21.3 J/TH
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $15.2 mln |
|
Q3 Net Income |
| $12 mln |
|
Q3 Adjusted EBITDA |
| $1.70 mln |
|
Q3 Operating Income |
| $12 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
Wall Street's median 12-month price target for Greenidge Generation Holdings Inc is $4.00, about 61% above its November 12 closing price of $1.56
Press Release: ID:nBwbm1g3Za
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