Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Shares Down 0.2% – Should You Sell?

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL)’s share price was down 0.2% on Thursday . The company traded as low as $25.19 and last traded at $25.18. Approximately 280 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 4,546 shares. The stock had previously closed at $25.22.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Trading Down 0.2%

The stock has a fifty day moving average of $24.66 and a two-hundred day moving average of $22.24.

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

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a dividend of $0.5313 per share. This represents a $2.12 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Wednesday, July 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.