Greenidge Generation Reports 2025 Preliminary Results, Obtains 100MW Power Approval for Datacenter Expansion
AI-generated image: synthetic visual, not an actual depiction of events, people, or locations.
Key Takeaways
- Greenidge Generation secured approval for 100MW of power capacity for future datacenter use.
- The company released preliminary financial and operating results for Q4 and the full year 2025.
- Greenidge is a vertically integrated power generation firm focused on infrastructure and datacenters.
- The announcement included an update on the company's long-term growth prospects.
Greenidge Generation Holdings Inc. has released preliminary financial and operating results for the fourth quarter and full year 2025, detailing a continued shift from Bitcoin mining toward AI and high-performance computing (HPC) data center infrastructure.
For the full year 2025, Greenidge reported total revenue of $58.8 million, a slight decrease from the $59.6 million reported in 2024. The company’s revenue streams showed a marked shift toward power generation and capacity sales, which grew to $22.2 million. In contrast, cryptocurrency mining revenue fell to $15.2 million and data center hosting revenue dropped to $21.5 million.
Other preliminary financial markers for the fiscal year include:
Net Income: Estimated between $4.2 million and $5.2 million, compared to a net loss of approximately $20 million in the prior year.
