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Upturn AI SWOT - About
Greenidge Generation Holdings Inc (GREE)
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Upturn Advisory Summary
04/01/2025: GREE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -94.8% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 28.60M USD | Price to earnings Ratio - | 1Y Target Price 4 |
Price to earnings Ratio - | 1Y Target Price 4 | ||
Volume (30-day avg) 152674 | Beta 3.2 | 52 Weeks Range 0.67 - 3.84 | Updated Date 03/30/2025 |
52 Weeks Range 0.67 - 3.84 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.17 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-06 | When - | Estimate - | Actual -0.302 |
Profitability
Profit Margin -28.54% | Operating Margin (TTM) -28.5% |
Management Effectiveness
Return on Assets (TTM) -9.35% | Return on Equity (TTM) -1371.16% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 67747268 | Price to Sales(TTM) 0.13 |
Enterprise Value 67747268 | Price to Sales(TTM) 0.13 | ||
Enterprise Value to Revenue 1.14 | Enterprise Value to EBITDA 96.92 | Shares Outstanding 7937940 | Shares Floating 7598355 |
Shares Outstanding 7937940 | Shares Floating 7598355 | ||
Percent Insiders 1.44 | Percent Institutions 6.29 |
Analyst Ratings
Rating 5 | Target Price 4 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Greenidge Generation Holdings Inc
Company Overview
History and Background
Greenidge Generation Holdings Inc. was founded in 1937 as a coal-fired power plant in Dresden, NY. It transitioned to natural gas in 2017 and later integrated Bitcoin mining operations, seeking to leverage low-cost power.
Core Business Areas
- Power Generation: Operation of a natural gas power plant that provides electricity to the New York power grid.
- Bitcoin Mining: Mining Bitcoin utilizing power generated onsite.
- Data Center: Provide Data Center hosting services and energy solutions
Leadership and Structure
The leadership team is headed by David Anderson as CEO. The company has a typical corporate structure with departments for operations, finance, and technology.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Greenidge mines Bitcoin using its power generation facilities. Bitcoin market share fluctuates significantly and is difficult to attribute directly. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
- Power Generation: Electricity sold to the NYISO grid. The market is competitive, with numerous power producers. Market share data for this specific plant's contribution is not readily available.
- Data Center: Data center services for various cryptocurrency applications. Competitors include Core Scientific (CORZ) and Applied Digital Corporation (APLD).
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and subject to Bitcoin price volatility and regulatory changes. The power generation industry is evolving towards cleaner energy sources.
Positioning
Greenidge aims to differentiate itself through vertically integrated power generation and Bitcoin mining, offering low-cost energy for mining. They focus on Data Centers, Bitcoin and Web3 solutions
Total Addressable Market (TAM)
The TAM for Bitcoin mining is tied to the overall Bitcoin market capitalization, which is volatile. The TAM for power generation varies by region and demand. Greenidge is aiming to capture a larger share of these markets through its unique energy solutions and by offering high-performance infrastructure to Web3 clients.
Upturn SWOT Analysis
Strengths
- Vertically integrated power generation and Bitcoin mining
- Existing power plant infrastructure
- Low-cost power generation potential
- Focus on Bitcoin and Web3 hosting solutions
Weaknesses
- High debt levels
- Exposure to Bitcoin price volatility
- Environmental concerns regarding fossil fuel power generation
- History of losses.
Opportunities
- Expansion of data center and Web3 hosting business
- Potential for carbon capture technologies
- Growth in the Bitcoin network
- Increased institutional investment in Bitcoin
Threats
- Increased regulation of Bitcoin mining
- Decreasing Bitcoin mining profitability (Bitcoin Halving)
- Competition from other miners with cheaper power sources
- Fluctuations in natural gas prices
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CORZ
- APLD
Competitive Landscape
Greenidge's competitive advantage is its vertically integrated model, however, it faces challenges in managing debt, competition, and regulatory risk.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth is inconsistent due to changes in the business model and volatility in the Bitcoin market.
Future Projections: Future growth depends on Bitcoin prices, energy prices, and the company's ability to manage debt and expand its data center operations. Analyst projections are varied and uncertain.
Recent Initiatives: Greenidge is currently focusing on expanding its data center hosting business and seeking strategic partnerships.
Summary
Greenidge Generation Holdings Inc. is a vertically integrated power generation and Bitcoin mining company facing significant challenges. Its key advantage lies in its colocation power source, but it struggles with debt and competition. Future success depends on navigating Bitcoin price volatility, regulatory changes, and efficiently managing operations and debt. They are strategically pivoting to providing more energy solutions through datacenters, and focusing on Web3 hosting. Their past financial results are inconsistent, indicating a need for improved stability.
Similar Companies
APLD
Applied Digital Corporation
APLD
Applied Digital Corporation
CORZ
Core Scientific, Inc. Common Stock
CORZ
Core Scientific, Inc. Common Stock
MARA
Marathon Digital Holdings Inc
MARA
Marathon Digital Holdings Inc
RIOT
Riot Blockchain Inc
RIOT
Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Yahoo Finance
- Company Press Releases
- Third party analyst data, Marketwatch
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Greenidge Generation Holdings Inc
Exchange NASDAQ | Headquaters Fairfield, CT, United States | ||
IPO Launch date 2021-09-14 | CEO & Director Mr. Jordan Kovler | ||
Sector Financial Services | Industry Capital Markets | Full time employees 40 | Website https://greenidge.com |
Full time employees 40 | Website https://greenidge.com | ||
Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers. It also owns and operates a 106 MW nameplate capacity power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.
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