GREEL

Greenidge Generation Holdings Inc. operates as a vertically integrated cryptocurrency datacenter and power generation company. Headquartered in Fairport, New York, the company owns and operates a natural gas power plant that generates electricity for both cryptocurrency mining operations and the power grid. Greenidge operates a 106-megawatt power generation facility in Dresden, New York, which houses its Bitcoin mining operations utilizing approximately 19,000 mining rigs. The company's hybrid business model allows it to mine Bitcoin while simultaneously selling excess power capacity into the New York Independent System Operator (NYISO) wholesale electricity markets. Greenidge distinguishes itself through its behind-the-meter power generation capabilities, which provide cost advantages and operational flexibility compared to traditional hosted mining operations. The company also operates a support facility in Spartanburg, South Carolina. In recent years, Greenidge has focused on balancing its mining operations with power generation activities in response to fluctuating cryptocurrency market conditions and energy prices. The company has pursued carbon-neutral operations through the purchase of carbon offsets for its New York facility. As a publicly traded entity following its September 2021 business combination with Support.com, Greenidge represents one of the few pure-play cryptocurrency mining companies with proprietary power generation assets, positioning itself at the intersection of digital asset infrastructure and energy markets.