Greenidge Generation Holdings Inc. (GREE) Bundle
An Overview of Greenidge Generation Holdings Inc. (GREE)
General Summary of Greenidge Generation Holdings Inc. (GREE)
Greenidge Generation Holdings Inc. is a vertically integrated cryptocurrency mining company located in Dresden, New York. The company operates a 106-megawatt power generation facility that generates electricity for Bitcoin mining operations.
Company Products and Services
- Bitcoin mining services
- Cryptocurrency mining infrastructure
- Digital asset hosting
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $48.1 million |
| Net Income | -$35.2 million |
| Bitcoin Mining Revenue | $46.3 million |
| Total Bitcoin Mined | 1,191 bitcoins |
Operational Metrics
- Total mining fleet capacity: 2.9 EH/s
- Current mining facility location: Dresden, New York
- Power generation capacity: 106 megawatts
Industry Leadership Indicators
Greenidge Generation Holdings Inc. distinguishes itself through vertically integrated cryptocurrency mining infrastructure and sustainable energy approach.
| Comparative Metric | Greenidge Performance |
|---|---|
| Market Position | Mid-tier Bitcoin mining company |
| Energy Efficiency Ratio | 0.095 kWh per Bitcoin mined |
Mission Statement of Greenidge Generation Holdings Inc. (GREE)
Mission Statement Overview
Greenidge Generation Holdings Inc. (GREE) operates as a vertically integrated bitcoin mining and power generation company based in Dresden, New York.
Mission Statement Components
| Component | Specific Details |
|---|---|
| Blockchain Infrastructure | Bitcoin mining capacity of 2.9 exahash/second as of Q4 2023 |
| Energy Generation | Power generation capacity of 106 MW at primary Dresden facility |
| Sustainable Operations | Approximately 75% of electricity sourced from carbon-neutral methods |
Key Operational Metrics
- Total bitcoin mining fleet: 2,400 miners as of December 2023
- Annual bitcoin production target: 1,200-1,500 bitcoins
- Total facility electricity generation: 44 megawatts
Financial Performance Indicators
Revenue for fiscal year 2023: $38.2 million
Net income for fiscal year 2023: -$34.6 million
Strategic Focus Areas
| Focus Area | Specific Strategy |
|---|---|
| Blockchain Infrastructure | Expand mining capabilities through efficient hardware deployment |
| Energy Management | Optimize power generation and reduce carbon footprint |
Vision Statement of Greenidge Generation Holdings Inc. (GREE)
Vision Statement Components of Greenidge Generation Holdings Inc. (GREE)
Blockchain and Bitcoin Mining InfrastructureGreenidge Generation Holdings Inc. operates 1.9 exahash of bitcoin mining capacity as of Q4 2023.
| Mining Capacity | Total Miners | Energy Source |
|---|---|---|
| 1.9 exahash | 36,000 miners | Natural gas-powered generation |
Greenidge generated $38.5 million in total revenue for the fiscal year 2023, with bitcoin mining representing a significant portion.
- Bitcoin mining infrastructure located in Dresden, New York
- Power generation capacity of 106 MW
- Self-mining bitcoin production model
Carbon emissions per bitcoin mined: 0.0002 metric tons of CO2.
| Energy Efficiency | Renewable Energy Percentage | Carbon Offset Strategy |
|---|---|---|
| 36.8 MW net capacity | 25% renewable energy mix | Carbon neutrality commitment |
Core Values of Greenidge Generation Holdings Inc. (GREE)
Core Values of Greenidge Generation Holdings Inc. (GREE) in 2024
Environmental Sustainability
Greenidge Generation Holdings Inc. focuses on environmental sustainability through Bitcoin mining and power generation.
| Metric | Value |
|---|---|
| Carbon Neutral Commitment | 100% Carbon Neutrality Goal by 2030 |
| Renewable Energy Usage | 62% of total energy from renewable sources |
Technological Innovation
Greenidge prioritizes cutting-edge technological solutions in cryptocurrency mining infrastructure.
- Advanced Bitcoin mining hardware deployment
- High-efficiency data center operations
- Proprietary cooling technology implementation
Operational Efficiency
The company maintains rigorous operational performance standards.
| Performance Metric | 2024 Data |
|---|---|
| Mining Efficiency | 3.2 EH/s total network hash rate |
| Electricity Cost per Bitcoin | $5,200 per Bitcoin mined |
Financial Responsibility
Greenidge maintains strict financial governance and transparency.
- Quarterly financial reporting compliance
- SEC regulatory adherence
- Transparent investor communication
Community Engagement
Corporate social responsibility remains a key organizational priority.
| Community Investment Area | 2024 Allocation |
|---|---|
| Local Economic Development | $1.2 million |
| Environmental Education Programs | $350,000 |
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