Greenidge Generation Holdings Inc. (GREE)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
GREE Chart
Greenidge Generation Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 13,201 | $21,036.16 | $18,349.39 | -$2,686.77 | -12.77% |
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Greenidge Generation Holdings Inc. Profile
| Capital Markets Industry | Financials Sector | Jordan Kovler CEO | NASDAQ (NGS) Exchange | 39531G100 CUSIP |
| US Country | 35 Employees | 27 Dec 2019 Last Dividend | 16 May 2023 Last Split | 14 Sep 2021 IPO Date |
Overview
Greenidge Generation Holdings Inc. stands as an integrated entity that merges the realms of cryptocurrency datacenter operations with power generation. Founded in 1937, the company has rooted itself in Dresden, New York, where it manages its corporate functions. Significantly, Greenidge has expanded its operational footprint to include cryptocurrency datacenters in both New York and South Carolina, effectively capturing the burgeoning demand for cryptocurrency mining and related energy needs. Complementing its tech-centric endeavors, the company plays a pivotal role in the energy sector by owning and operating a considerable 106 MW nameplate natural gas power generation facility. This harmonious blend of energy production and high-tech cryptocurrency operations establishes Greenidge Generation Holdings Inc. as a unique player at the intersection of traditional energy markets and the digital currency ecosystem.
Products and Services
- Cryptocurrency Datacenters
Greenidge Generation Holdings Inc. nurtures the backbone of the crypto mining industry through its advanced cryptocurrency datacenters located in New York and South Carolina. These facilities are engineered to provide reliable, high-performance computing power necessary for the energy-intensive process of cryptocurrency mining, serving as a critical infrastructure for the smooth operation and growth of the digital currency market. By leveraging its strategic locations, Greenidge ensures optimal operations while mitigating geographical and operational risks.
- Natural Gas Power Generation Facility
The ownership and operation of a 106 MW nameplate natural gas power generation facility underscore the company's strategic foray into energy production. This facility not only signifies Greenidge's capability in harnessing traditional energy resources but also serves as a testament to its commitment towards powering its cryptocurrency datacenters. This symbiotic relationship between its energy production and technology operations enables Greenidge to maintain a level of self-sufficiency and reliability, crucial for the continuous operation of its datacenters amidst fluctuating energy markets.
