Greenidge Generation Updates Tender Offer for Senior Notes
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Greenidge Generation Holdings (GREE) has updated its tender offer for its 8.5% Senior Notes due 2026, increasing the purchase price and extending the expiration date to September 29, 2025. The latest analyst rating for GREE stock is a Hold with a $1.50 price target. Spark's AI Analyst rates GREE as Neutral, citing significant financial challenges, declining revenues, and negative equity, resulting in a low overall score. Greenidge focuses on power generation for cryptocurrency mining and has a current market cap of $23.2M.
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