Greenidge Generation Reports Record Revenue in Q3, Names New CFO

Greenidge Generation Reports Record Revenue in Q3, Names New CFO
New York-based miner Greenidge Generation (GREE) reported record quarterly revenue of $35.8 million in Q3, up almost 500% from $6.1 million a year ago, according to a statement.Greenidge’s adjusted EBITDA for the third quarter was $21.2 million, increasing more than 2,600% from $0.8 million last year.On Oct. 25, B Riley analyst Lucas Pipes, who is the only analyst covering Greenidge, estimated the company’s third quarter revenue to be $36.4 million and adjusted EBITDA of $19.9 million.The adjusted Ebitda margin in the third quarter increased to 59.2% versus 12.7% in Q3 the previous year.The company named Roert Loughran to be its…