The energy and crypto mining firm posted a $1.6 million year-over-year increase in Q1 2025 revenue.
Greenidge Generation Holdings reported Q1 2025 total revenue of $20.8 million, up $1.6 million from the same period last year. The gain was driven by higher power and capacity revenue, which reached $18.7 million, an increase of $9.5 million.
Cryptocurrency mining revenue contributed $1.8 million to the quarter’s results. The company did not provide further breakdowns or prior-year comparisons for mining revenue.
No immediate market reaction was disclosed in the release.