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Bitcoin mining company Greenidge Generation Holdings (GREE) plans to sell $35 million in senior notes, due in October 2026, according to a new filing.The issuance comes after the company raised $55.2 million in senior notes with similar terms on Oct. 13.The new $35 million notes will bear 8.5% interest accruing
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The bitcoin miner’s third quarter revenue grew 484% year-over-year, and the company appointed Robert Loughran as its new Chief Financial Officer. Nov 15, 2021 at 3:27 p.m. UTCUpdated Nov 15, 2021 at 3:28 p.m. UTCGreenidge Generation mining facility (Getty Images) Original Source
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BusinessThe analyst raised the miner’s 12-month price target to $82 from $78 and 2022 earnings estimates, citing its expansion plans.By Aoyon AshrafOct 26, 2021 at 5:18 p.m. UTCUpdated Oct 26, 2021 at 5:18 p.m. UTCGreenidge mining center (Caleb Parker) Original Source
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Bitcoin mining company Greenidge Generation is eyeing expansion into two new sites in Texas and South Carolina.The Nasdaq-listed firm announced Thursday it is entering into an agreement regarding potentially constructing new data centers in Texas. It also agreed to acquire printing company LSC Communications’ facility in South Carolina. It had
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Bitcoin mining firm Greenidge Generation Holdings (NASDAQ: GREE) plans to sell $50 million worth of five-year bonds.The Nasdaq-listed firm has entered into an agreement with an underwriter for the sale of $50 million worth of 8.5% senior notes due 2026, according to an SEC filing dated Oct. 8.The offering is
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BusinessThe bitcoin mining firm reported a preliminary net loss of $16 million to $19 million for the quarter ended Sept. 30.By Josh FinemanOct 4, 2021 at 2:14 p.m. UTCUpdated Oct 4, 2021 at 2:15 p.m. UTCGreenidge Generation mining facility (Caleb Parker) Original Source
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“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)
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Bitcoin mining and power generation company Greenidge is set to complete a merger with customer and technical support solutions provider Support.com to become the latest publicly listed mining firm. Once the merger transaction is complete, Support.com Inc. will become a wholly-owned subsidiary of Greenidge Generation Holdings Inc. The new entity’s Class
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