Greenidge Generation Holdings Inc. announced its financial results for the first quarter of 2025. The company reported a total revenue of $19.2 million and a net loss from operations amounting to $5.6 million. The company also achieved an EBITDA of $0.4 million and an adjusted EBITDA of $1.0 million. Cryptocurrency mining contributed $4.2 million to the revenue, while datacenter hosting and power and capacity generated revenues of $5.8 million and $9.2 million, respectively. Total bitcoin production during the quarter was 112 BTC. Greenidge Generation has taken significant steps to reduce its debt, which now stands at $60.2 million, reflecting a 16.6% reduction from the original $72.2 million. The company has not engaged in equity sales under its equity line of credit and has no current plans to sell shares below $2.73 per share. Additionally, Greenidge improved the efficiency of its active fleet miners to 23.8 J/TH. The company is expanding its operations with an agreement to purchase a 37-acre site in Mississippi, which will offer access to 40 MW of additional low-cost power by July 2026, and has increased its planned mining capacity at an existing Mississippi site by 2.5 MW. Greenidge is also progressing toward the sale of its South Carolina property and continues to evaluate future sites with substantial low-cost power capacity. Greenidge ended the quarter with $4.9 million in cash, $8.4 million in Bitcoin, and $66.7 million in total debt.