Greenidge Generation reports Q3 revenue of $15.2 million and net income of $12.0 million
Reuters
Nov 13
Greenidge Generation reports Q3 revenue of $15.2 million and net income of $12.0 million
Greenidge Generation Holdings Inc. reported total revenue of $15.2 million and net income of $12.0 million for the third quarter of 2025. EBITDA was $15.2 million, with adjusted EBITDA at $1.7 million. Net cash flow provided by operating activities was $0.1 million, and adjusted free cash flow was $4.3 million. Power and capacity revenue reached $4.7 million, up 83% from the previous quarter. The company produced 95 Bitcoins, a decrease of 15 compared to the prior quarter. Greenidge reduced its unsecured 2026 debt obligations by 47.2% to $38.0 million following recent tender and exchange offers. The company reached an agreement with the New York State Department of Environmental Conservation for a new five-year air permit for its Dresden power plant and secured an industrial power contract for a 37.4-acre Mississippi expansion property, enabling access to 40MW of electrical capacity by March 2027.
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