Greenidge Generation shares surge 10.26% premarket after historic NYSDEC air permit agreement and strong Q3 financial results.

Greenidge Generation surged 10.26% in premarket trading following the announcement of a landmark agreement with the New York State Department of Environmental Conservation (NYSDEC) to issue a new five-year Title V Air Permit for its Dresden Power Plant. This resolution addresses ongoing administrative and legal challenges, ensuring continued grid power contributions and positioning the facility as a model for sustainable datacenter operations. The company also reported a 47.2% reduction in 2026 unsecured debt obligations to $38 million, alongside a 83% quarterly increase in power and capacity revenue to $4.7 million, driving total revenue to $15.2 million and net income to $12.0 million. These developments underscore improved operational efficiency, debt management, and strategic growth initiatives, including potential site expansions in Mississippi and South Carolina, which collectively bolster investor confidence.