Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Trading Down 3.8% – Here’s What Happened

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL)’s share price traded down 3.8% on Wednesday . The company traded as low as $20.70 and last traded at $20.2050. 1,429 shares changed hands during trading, a decline of 65% from the average session volume of 4,079 shares. The stock had previously closed at $21.00.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Down 3.8%

The stock has a 50 day moving average of $20.59 and a two-hundred day moving average of $19.67.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were paid a $0.5313 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend was Wednesday, April 15th.

About Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026

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.