About Greenidge Generation Holdings Inc.
Greenidge Generation Holdings Inc. (Greenidge) is a vertically integrated bitcoin mining and power generation company. Greenidge currently operates
one facility in Upstate New York, with plans to expand to a second location in South Carolina in the upcoming months. Greenidges New York facility is an environmentally-sound operation that has undergone a remarkable transformation in recent
years and employs dozens of skilled associates, creating attractive new blockchain jobs and serving as an anchor for the local economy.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act, as amended. These forward-looking statements are typically identified by terms and phrases such as
anticipate, believe, continue, could, estimate, expect, intend, may, plan, predict, project, should,
will, or similar expressions.
These forward-looking statements include references to assumptions and relate to the future prospects,
developments, and business strategies of Greenidge. These forward-looking statements are largely based on the current expectations and projections about future events and trends that are expected to affect the financial condition, results of
operations, business strategy, and short-term and long-term business operations and objectives of Greenidge. Forward-looking statements contained in this press release include, but are not limited to, statements concerning the current and future
build out and acquisition plans of Greenidge.
Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Factors that
could cause actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to: (i) the ability to recognize the anticipated objectives and benefits, including tax benefits, of
the proposed transaction; (ii) changes in applicable laws, regulations or permits affecting Greenidges operations or the industries in which it operates, including regulation of the energy industry or regarding cryptocurrency;
(iii) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms with regard to growth strategies or operations; (iv) fluctuations in the market pricing of cryptocurrencies; (v) loss of public
confidence in cryptocurrencies; (vi) the potential of cybercrime, money laundering, malware infections and phishing, and the costs associated with such issues; (vii) the potential of cryptocurrency market manipulation; (viii) the
economics of mining cryptocurrency, including as to variables or factors affecting the cost, efficiency and profitability of mining; (ix) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and
operations of Greenidge, including mining equipment, (x) the possibility that Greenidge may be adversely affected by other economic, business or competitive factors, including factors affecting the industries in which it operates or upon which
it relies and is dependent; (xi) an inability to expand successfully to other facilities, mine other cryptocurrencies or otherwise expand the business; (xii) any potential litigation involving either or both of Greenidge or Support.com,
Inc. (Support.com)