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Greenidge Generation Reports Preliminary Financial and Operating Results for the Fourth Quarter and Full Year 2024

1. GREE reported $14.8 million revenue, up $2.4 million from Q3 2024. 2. Company highlights growth prospects amid financial results for Q4 2024.

Earnings
-0.22%Current Return
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-1.32%S&P 500
$0.8703/06 09:21 AM EDTEvent Start
$0.868103/07 03:51 PM EDTLatest Updated
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FAQ

Why Bullish?

The increase in quarterly revenue suggests improving financial health, similar to previous revenue growth enhancing market valuation.

How important is it?

The quarterly improvement and growth prospects are likely to attract investor interest, elevating stock price.

Why Short Term?

Immediate market response expected due to financial results, similar to trends after past earnings reports.

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PITTSFORD, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2024 and provided an update on the Company's growth prospects. Fourth Quarter 2024 Preliminary Financial Results: Total revenue of $14.8 million, an improvement of $2.4 million from Q3 2024; Net loss fro.

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