Greenidge Generation shares jump 12.10% intraday after securing 100MW power capacity, resolving regulatory hurdles, and reducing debt by $30 million.

Greenidge Generation surged 12.10% intraday after announcing a regulatory breakthrough with New York State, securing a five-year Title V Air Permit for its Dresden facility, which resolves litigation and ensures operational continuity. The company also reduced senior unsecured debt by $31.8 million (46%) to $39 million through tender offers and asset sales, including $22.2 million from divesting non-core sites. Additionally, it secured 100MW of new power capacity for AI/HPC datacenters, nearly doubling its current capacity and positioning itself as a model for responsible datacenter operations. These developments—regulatory clarity, debt deleveraging, and strategic expansion—collectively boosted investor confidence in its transition from Bitcoin mining to high-margin infrastructure.