$Greenidge Generation Holdings

2021-09-16

$Greenidge Generation Holdings Inc.(GREE)$Can anyone explain to me why this is trading at market cap less than half of MARA?

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MMiracle
2021-09-16
MMiracle
Market Cap is derived from share*share price. If the hash and mining rate is low, as compared to MARA, why would people buy this for a crypto stock? I hope this helps.
- MMiracleReplyStonkRanger:
  If you have been using an iPhone for 5 years and a new Samsung phone comes out, would you change phone? No. So what will make you switch over? It is when the Samsung phone proves that it is worth it.
- StonkRanger:
  Well but it is also not close to mkt cap of RIOT, which has similar hash rate. HR aside, their cost to mine is lower due to vertical integration What other metrics should I look at then?

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