“We believe that Greenidge can fund this growth with cash on hand, free cash flow and borrowings,” B. Riley analyst Lucas Pipes wrote in a note. “The low probability of equity dilution is a key differentiation from the peer group.” B. Riley also covers mining firms Marathon Digital (NASDAQ: MARA) and Riot Blockchain (NASDAQ: RIOT).
Greenidge Generation Shares Jump 30% After Analyst Sees Potential 200% Upside — CoinDesk
