GREE Filings — Greenidge Generation Holdings Inc. - FilingSpy
GREE
Greenidge Generation Holdings Inc.
A power-generation and digital-infrastructure company that runs a natural-gas plant on the shores of Seneca Lake in Dresden, New York. That same plant, originally built as a coal-fired station in 1937, has powered the company's own bitcoin-mining operations alongside feeding electricity to the local grid. The company went public in 2021 through a merger with Support.com, and recently rebranded from Greenidge to Vulcan Infrastructure and Power as it shifts toward powering AI and high-performance computing sites.
Vulcan Infrastructure and Power reports Q2 2026 net loss of $9.9 million, revenue of $3.4 million.
The company announced a $39.4 million strategic investment led by Machine Investment Group and Atlas Holdings, with proceeds intended to redeem all outstanding 8.50% Senior Notes due October 2026 (aggregate principal ~$33 million).
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Total revenue for Q2 2026 was $3.4 million, a decrease of $9.5 million from Q2 2025.
Net loss for Q2 2026 was $9.9 million, an increase of $5.8 million from Q2 2025.
Adjusted EBITDA loss was $6.7 million in Q2 2026, compared to $0.4 million in Q2 2025.
Power and capacity revenue for the first six months of 2026 was $20.0 million, up 70% from the prior-year period.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Vulcan Infrastructure grants RSUs to CEO, President, and CFO on July 20, 2026
On July 19, 2026, the Compensation Committee approved one-time equity awards to CEO Jordan Kovler, President Dale Irwin, and CFO Christian Mulvihill.
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The awards were granted on July 20, 2026, in recognition of contributions to the strategic transformation, including a $39.4 million strategic investment announced the same day.
Kovler received 125,000 RSUs, Irwin received 50,000 RSUs, and Mulvihill received 35,000 RSUs.
Each RSU represents a contingent right to receive one share of Class A common stock.
The RSUs were granted under the Third Amended and Restated 2021 Equity Incentive Plan and vested on July 23, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Vulcan Infrastructure and Power Inc. raises $39.32M in PIPE financing
On July 19, 2026, Vulcan Infrastructure and Power Inc. (formerly Greenidge Generation Holdings Inc.) entered into subscription agreements for a PIPE transaction, issuing shares and securities to investors including MIG, Atlas, Conversant, and others.
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The company agreed to sell 17,146,190 shares of Class A common stock at $1.71 per share, plus a $10 million convertible note and a warrant to MIG, for aggregate gross proceeds of $39.32 million.
Net proceeds are intended to redeem approximately $33 million of outstanding 8.50% senior notes due October 2026, with the remainder for general corporate purposes.
Closing is subject to conditions including Nasdaq listing approval, execution of ancillary agreements, and effectiveness of stockholder consent, with termination possible if not closed by October 10, 2026.
Upon closing, the board will be reconstituted to ten directors, with MIG and Atlas receiving board representation, observer rights, right of first offer, sponsor incentives, and registration rights.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 3.02 Unregistered Sales of Equity Securities · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Shareholder vote8-K
Greenidge Generation stockholders elect nine directors and ratify MaloneBailey as auditor at 2026 annual meeting
Director votes ranged from 29,225,223 to 29,513,505 'for' with broker non-votes of 4,566,830 for each nominee.
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Greenidge Generation Holdings Inc. held its 2026 annual meeting of stockholders on June 24, 2026.
Stockholders elected all nine director nominees, each to serve until the 2027 annual meeting.
Stockholders ratified MaloneBailey, LLP as the independent registered public accounting firm for fiscal year ending December 31, 2026, with 34,049,387 votes for, 143,662 against, and 73,452 abstentions.
The report was filed under Item 5.07 to disclose the results of the stockholder votes.
5.07 Submission of Matters to a Vote of Security Holders
Greenidge issues 1.16M shares to retire $2.09M of 8.50% Senior Notes due 2026
On May 29 and June 1, 2026, Greenidge entered into privately negotiated exchange agreements with existing noteholders.
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The company issued 1,162,221 shares of Class A common stock in exchange for $2,089,400 aggregate principal amount of its 8.50% Senior Notes due October 2026.
The exchanges were conducted under Section 3(a)(9) of the Securities Act, with no commissions or solicitation fees paid.
After these transactions, approximately $33.14 million of the 8.50% Senior Notes remain outstanding.
Greenidge may pursue additional similar non-cash exchanges but has no current obligation or agreement to do so.
1.01 Entry into a Material Definitive Agreement · 3.02 Unregistered Sales of Equity Securities · 9.01 Financial Statements and Exhibits
Greenidge Generation receives Nasdaq notice of audit committee non-compliance after director resignation
On April 23, 2026, Greenidge notified Nasdaq that it no longer complies with Listing Rule 5605(c)(2)(A) after Kenneth Fearn resigned from the Board and Audit Committee effective April 15, 2026.
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On April 29, 2026, Nasdaq confirmed the non-compliance in a notice to the Company.
The Company will rely on the cure period under Rule 5605(c)(4)(B), which extends until the earlier of the next annual meeting or April 15, 2027, with a possible earlier deadline of October 12, 2026.
The Board is recruiting a new independent director who meets audit committee criteria to regain compliance.
The notice has no immediate effect on the listing or trading of the Company's Class A common stock on Nasdaq.
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing