Greenidge Generation Holdings
Village of Dresden, New York, United States · Construction, Energy, Mining
Greenidge Generation Holdings Inc. is a vertically integrated power generation company, focusing on cryptocurrency mining, infrastructure development, engineering, procurement, construction management, operations and maintenance of sites.
Key facts
- Headquarters
- Village of Dresden, New York, United States
- Employees
- 51
- Industries
- Construction, Energy, Mining
- Status
- Public (VIP)
- Website
- greenidge.com
- Company page
Recent activity at Greenidge Generation Holdings
- : SEC 8-K (8.01): On October 13, 2026, Vulcan Infrastructure and Power Inc. completed the redemption of all outstanding 8.50% Senior Notes due 2026, totaling $30,345,200 at 100% of principal plus accrued interest, amounting to approximately $30,868,233. Following this redemption, no 2026 Notes remain outstanding, and trading of these notes on Nasdaq ceased on October 12, 2026. The company filed a notification with the SEC to delist the 2026 Notes, which is expected to be effective by October 23, 2026, and deregistration is anticipated to take effect on January 12, 2027. This action does not impact the listing of the Company's Class A common stock, which continues to trade under the symbol 'VIP.'
- : SEC 8-K (8.01): On October 5, 2026, Vulcan Infrastructure and Power Inc. issued a press release announcing the delivery of a notice of redemption to the holders of all outstanding 8.50% Senior Notes due 2026. These notes are expected to be redeemed on October 13, 2026, at a redemption price equal to 100% of the principal amount. This move indicates a strategic decision by the company to manage its debt obligations effectively. The redemption of these notes may have implications for the company’s financial condition and will free the company from future interest payments on these notes.
- : Greenidge Generation Holdings
- : SEC 8-K (1.01): On September 23, 2026, Vulcan Infrastructure and Power Inc. entered into a material definitive agreement, known as the Exchange Agreement, with certain holders of its 8.50% Senior Notes due 2026. The Company agreed to issue an aggregate of $2,833,358 in principal amount of new 10.00% Senior Notes due 2030, along with three-year warrants allowing the Holders to purchase a total of 1,000,000 shares of the Company’s Class A common stock at an exercise price of $1.87 per share. This agreement reflects a strategic decision to refinance existing debt and potentially enhance the capital structure of the Company, thus impacting its financial flexibility and future growth plans significantly.
- : SEC 8-K (5.02): On September 10, 2026, the Company's Board was reconstituted to consist of 10 directors in accordance with the terms of the Investor Rights Agreements. Additionally, the Company issued a MIG Convertible Note which accrues interest at a rate of 10.0% per annum, starting from the same date. The note's principal amount, which is paid in kind rather than cash, will mature on September 10, 2029, with a potential for an increased interest rate to 15.0% in the event of default. MIG has conversion rights into the Company's Class A common stock at a conversion price of $2.1375 per share, subject to adjustments based on various corporate events.
- : SEC 8-K (7.01): On August 17, 2026, Vulcan Infrastructure and Power Inc. began utilizing an Investor Presentation aimed at engaging with sell-side analysts and institutional investors. This presentation, which will also be available on the Company’s website, aims to enhance communication with stakeholders. Additionally, a press release announcing the availability of the Investor Presentation was issued the same day. This proactive disclosure under Item 7.01 of Form 8-K is intended to ensure transparency and keep investors well-informed about the Company's strategic initiatives and presentations.
- : SEC 8-K (5.02):
- : SEC 8-K (5.02): On July 20, 2026, Timothy Lowe and Charles Zeynel resigned from the Board of Directors of the Company, which is effective upon the closing of a PIPE Transaction that is connected to the Subscription Agreements. Their resignations do not arise from any disagreements with the Company. This change in the board comes as part of a larger strategic move related to the upcoming PIPE Transaction, indicating a significant transition in the Company's governance. The resignations reflect the Company’s preparation for significant financial activities that may influence its future operations.
- : SEC 8-K (1.01): On June 1, 2026, Greenidge Generation Holdings Inc. entered into a material definitive agreement via privately negotiated exchange agreements, collectively termed the 'Exchange Agreements'. Under these agreements, the company issued 1,162,221 shares of its Class A Common Stock in exchange for $2,089,400 principal amount of its 8.50% Senior Notes due October 2026. This transaction is part of the company's strategy to address its obligations related to the outstanding notes, which total $33,138,350. The stock was exchanged exclusively with existing security holders without any commissions paid for soliciting the exchanges.
- : SEC 8-K (8.01): On May 18, 2026, Greenidge Generation Holdings Inc. issued a press release detailing its financial and operational results for the first quarter ended March 31, 2026. This report, furnished under Item 8.01, includes forward-looking statements about the Company's future performance, encompassing aspects such as the AI/HPC transition and initiatives like the expansion of the Dresden interconnection. The press release provides insights into potential transactions concerning the Mississippi greenfield site and mentions efforts related to debt reduction, which are critical for the Company's strategic positioning. Importantly, this filing underscores the uncertainties inherent in the forecasts and provides key information for stakeholders regarding the Company's outlook in light of prevailing risks. The event date is significant for investors tracking Greenidge's financial health.
Greenidge Generation Holdings funding history
| Date | Round | Amount |
|---|---|---|
| Sep 2026 | Venture | $39.3M |
| Feb 2024 | Venture | $6.0M |
| Mar 2022 | Funding Round | $100.0M |
Leadership
- Dustin Beaudry, Chief Technology Officer
- Jordan Kovler, Chief Executive Officer
Verified email and direct lines for Greenidge Generation Holdings’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Greenidge Generation Holdings files 1 employee benefit plan with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Greenidge Generation Holdings in the news
- Greenidge Generation Announces $39.4 Million Capital Raise to Unlock the Value of its Power and Infrastructure Assets and Name Change to Vulcan Infrastructure and Power - Yahoo Finance (Jul 20, 2026)
- Greenidge Rebrands as Vulcan Infrastructure and Power - Finger Lakes Daily News (Aug 01, 2026)
- Greenidge Generation renames to Vulcan Infrastructure, raises $39.4 million PIPE for AI/HPC pivot - Blockspace Media (Jul 21, 2026)
- Greenidge shifts to data center, new name - Finger Lakes Times (Aug 01, 2026)
- OP-ED: Are the Finger Lakes being Vulcanized ? - the wellsville sun (Aug 20, 2026)
- Vulcan Infrastructure and Power (Nasdaq:VIP) - Stock Analysis - Simply Wall Street (Jul 24, 2026)
- Greenidge crypto mining plant workers win first union contract - Data Center Dynamics (Jun 15, 2026)
- Atlas Capital reports 23.1% stake in Greenidge Generation after July 6 share issuance - Blockspace Media (Jul 09, 2026)
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About Greenidge Generation Holdings: questions and answers
What does Greenidge Generation Holdings do?
Greenidge Generation Holdings Inc. is a vertically integrated power generation company, focusing on cryptocurrency mining, infrastructure development, engineering, procurement, construction management, operations and maintenance of sites.
Where is Greenidge Generation Holdings headquartered?
Greenidge Generation Holdings is headquartered in Village of Dresden, New York, United States.
How many employees does Greenidge Generation Holdings have?
Greenidge Generation Holdings has about 51 employees.
Has Greenidge Generation Holdings raised funding?
Yes. Fundz has recorded 3 funding events for Greenidge Generation Holdings. The most recent, $39.3M, was in Sep 2026.
Who leads Greenidge Generation Holdings?
Jordan Kovler is a Chief Executive Officer at Greenidge Generation Holdings.
What is the latest news on Greenidge Generation Holdings?
On Oct 13, 2026, SEC 8-K (8.01): On October 13, 2026, Vulcan Infrastructure and Power Inc. completed the redemption of all outstanding 8.50% Senior Notes due 2026, totaling $30,345,200 at 100% of principal plus accrued interest, amounting to approximately $30,868,233. Following this redemption, no 2026 Notes remain
Is Greenidge Generation Holdings a public company?
Yes. Greenidge Generation Holdings is publicly traded under the ticker VIP.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy