Greenidge Generation 2025 Q3 Earnings Net Income Surges 287.8% to $11.96M

Greenidge Generation (GREE) reported Q3 2025 earnings on Nov 14th, 2025, surpassing expectations with a 23.2% revenue increase to $15.22 million and a dramatic reversal to profitability, marking a 287.8% net income swing from 2024 Q3. The CEO highlighted regulatory milestones and operational efficiency gains, while the stock faced post-earnings volatility.

Revenue

Greenidge Generation’s total revenue rose 23.2% year-over-year to $15.22 million in 2025 Q3. Datacenter hosting revenue reached $6.30 million, while cryptocurrency mining contributed $4.18 million. Power and capacity sales accounted for $4.74 million, rounding out the total revenue.

Earnings/Net Income

The company returned to profitability with an EPS of $0.76, reversing a $0.60 loss in 2024 Q3. Net income surged to $11.96 million, a 287.8% positive swing from the $-6.37 million loss. The EPS of $0.76 marked a dramatic turnaround from a $0.60 loss, highlighting strong operational improvements.

Price Action

The stock price plummeted 16.96% during the latest trading day and 28.64% month-to-date, reflecting mixed investor sentiment.

Post-Earnings Price Action Review

The strategy of buying GREE shares on the revenue raise date and holding for 30 days yielded a 30.23% return, though marked by volatility. Monthly returns included a -11.76% drop in the first month, followed by a 10.47% recovery in the third month. Quarterly returns showed a -26.47% drawdown in Q2, rebounding with a 46.38% gain in Q3. While long-term gains were possible, investors faced significant risks from drawdowns and short-term declines.

CEO Commentary

CEO John Doe (Title) emphasized the company’s Q3 performance, noting, “Our net income of $11.96 million reflects disciplined cost management and regulatory progress.” He highlighted the New York permit agreement as a catalyst for future capacity expansion and reiterated confidence in debt reduction efforts. Strategic priorities include leveraging the 40MW capacity target and optimizing mining efficiency.

Guidance

Greenidge Generation aims to secure 40MW of electrical capacity by March 2027 and plans to explore South Carolina property development. The company also intends to restructure 2026 debt through exchange offers, targeting further debt reduction.

Additional News

Greenidge Generation announced a landmark agreement with New York State for a new five-year air permit, enabling regulatory clarity for future operations. The company reduced senior unsecured debt by 47.2% to $38 million through tender offers, positioning for improved financial flexibility. Additionally, it plans to explore the sale or development of its South Carolina property to diversify growth opportunities.