COMPANY PROFILE

Greenidge

United StatesFounded 1937Energy

Valuation $35M Market cap · 2026

Revenue $59M Latest reported FY

About Greenidge

The story of Greenidge Generation is a tale of industrial transformation. The facility began its life in 1937 as a coal-fired power plant in Dresden, New York. In 2014, private equity firm Atlas Holdings, co-founded by Andrew Bursky and Timothy Fazio, purchased the distressed plant. Atlas converted the facility from coal to cleaner-burning natural gas, bringing it back online in 2017. A significant pivot occurred in 2020 when Greenidge began using its own low-cost power to mine Bitcoin, becoming the first vertically integrated power generator and bitcoin miner of its scale in the United States. This move integrated their expertise in running industrial power assets with the high-growth cryptocurrency market. The next major step was entering the public markets. In September 2021, Greenidge completed a merger with Support.com, a provider of technical support solutions. This transaction resulted in Greenidge Generation Holdings Inc. being listed on the Nasdaq under the ticker symbol "GREE". The deal, led by then-CEO Jeff Kirt, was designed to provide capital for expanding its mining operations.

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At a glance

Status: Listed
Founded: 1937
Headquarters: United States
Listing: IPO 2021
Employees: 30
Open positions: None listed
Dealroom signal: 20.0/100
Industry: Energy
Sector: Energy
Client focus: b2b
Links: Website LinkedIn X

Knowledge graph

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
POST IPO DEBT✓Debt	Mar 2022	$27M	—	B. Riley Financial	↗
POST IPO EQUITY✓Other financing	Mar 2022	$81M	—	NYDIG	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin	Profit	Margin
2026	$59M	0%	−$3.3M	-5.7%	$5.3M	9%
2025	$59M	-1.3%	−$3.3M	-5.7%	$5.3M	9%
2024	$60M	-15.4%	$701K	1.2%	−$20M	-33.2%
2023	$70M	-21.8%	−$9.2M	-13.1%
2022	$90M	-16.1%	−$23M	-26.1%
2021	$107M	+433.3%	$43M	39.9%
2020	$20M	—	$1.8M	9%

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Growth signals

Greenidge team growth

Greenidge's team grew 20% over the past year.

1-year team growth+20%

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