Greenidge Generation ( NASDAQ: GREE ) said Friday its preliminary revenue for the first quarter of 2023 is about $15 million and net loss is expected to be around $8 million to $9 million. The company said preliminary adjusted EBITDA loss is expected to be between $1 million to $2 million for Q1. Preliminary Q1 cryptocurrency datacenter hosting revenue is expected to be about $7 million, cryptocurrency datacenter self-mining revenue of about $6 million, and power and capacity revenue of about $2 million, the company said. Cryptocurrency datacenter operations produced about 698 bitcoin during Q1, of which 413 bitcoin were produced for colocation and 285 bitcoin were produced for self-mining. As of March 31, the company operated about 24,700 miners. The company ended Q1 with ~$17 million of cash and about $97 million debt. Press Release .
SEC Hosts First-Ever Crypto Roundtable Today
