Greenidge Generation (GREE) Reports Q3 Loss of $0.28

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Go back to Greenidge Generation (GREE) Reports Q3 Loss of $0.28

Greenidge Generation Reports Third Quarter 2021 Results

November 15, 2021 8:00 AM EST

DRESDEN, N.Y., Nov. 15, 2021 /PRNewswire/ --

Financial Highlights

Total revenue increased to $35.8 million, up 484% year-over-year, and up 121% compared to the second quarter 2021 Cryptocurrency Mining revenue increased to $31.2 million, up 924% year-over-year, and up 122% compared to the second quarter 2021 Net loss was $7.9 million for the third quarter as compared to a loss of $0.3 million in the prior year and net income of $3.5 million in the second quarter of 2021 Adjusted EBITDA of $21.2 million, compared to $0.8 million in the prior year, and $8.1 million in the second quarter of 2021 at the high end of... More