Greenidge Generation Sells Spartanburg Land and 60MW Electrical Rights for $18 Million

Reuters12-01

Greenidge Generation Sells Spartanburg Land and 60MW Electrical Rights for $18 Million

Greenidge Generation Holdings Inc. has agreed to sell two parcels of land totaling approximately 152 acres in Spartanburg, South Carolina, along with rights to 60 megawatts of electrical service, to 300 Jones Road Associates LLC, an affiliate of Lightstone Parent LLC and LightHouse Data Centers LLC. The transaction is valued at $18 million in cash, with the potential for additional payments up to $18 million if further electrical capacity becomes available before the end of 2030. The closing is expected to occur in December 2025 or shortly thereafter, pending certain utility documentation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenidge Generation Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-054304), on December 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The transaction is valued at $18 million in cash, with the potential for additional payments up to $18 million if further electrical capacity becomes available before the end of 2030. The closing is expected to occur in December 2025 or shortly thereafter, pending certain utility documentation.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenidge Generation Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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