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Announced

Completed

Greenidge Generation completed the merger with Support.com in an $88m deal.

Financials

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Transaction Value£63m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

United States

Acquisition

Single Bidder

Public

Domestic

Friendly

technical support solutions

IT Services: Other

Majority

Completed

Merger

Synopsis

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Greenidge Generation, a vertically integrated bitcoin mining and power generation facility, completed the merger with Support.com, a technical support company for businesses and consumers, in an $88m deal. "The completion of this transaction marks a critical milestone in our journey, expanding our industry leadership as the first publicly traded, vertically integrated power generation and bitcoin miner of scale in North America. We are poised to create significant value by combining public market growth capital with our 100% carbon-neutral bitcoin mining business model as we expand our operations to additional locations, including our anticipated South Carolina facility," Jeff Kirt, Greenidge CEO.

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