Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (GREEL) to Issue Quarterly Dividend of $0.53 on January 31st

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) declared a quarterly dividend on Friday, January 1st. Investors of record on Thursday, January 15th will be given a dividend of 0.5313 per share on Saturday, January 31st. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date is Thursday, January 15th.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Up 5.2%

Shares of NASDAQ GREEL traded up $1.08 during midday trading on Tuesday, hitting $21.73. 7,128 shares of the company’s stock were exchanged, compared to its average volume of 5,151. The business’s fifty day moving average price is $17.18 and its two-hundred day moving average price is $12.42. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12-month low of $6.33 and a 12-month high of $21.72.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Company Profile

Greenidge Generation Holdings Inc is a vertically integrated energy and digital asset company that combines natural gas–fired power generation with in-house bitcoin mining operations. The company owns and operates a baseload power plant in Dresden, New York, where it supplies electricity to the NYISO wholesale market and dedicates excess capacity to support its bitcoin mining facilities. By leveraging on-site generation, Greenidge aims to optimize costs, improve operational efficiency and reduce exposure to external power price volatility.

Originally established through the acquisition and repurposing of a former coal-fired plant, Greenidge has transitioned to a cleaner, natural gas–fueled operation since 2017.