Greenidge Generation Holdings is a holding company. Through its subsidiaries, Co. has one operating and reportable segments: Cryptocurrency Datacenter and Power Generation segment. The Cryptocurrency Datacenter and Power Generation segment primarily focuses on earning bitcoin, with miners that are owned by Co., as rewards and transaction fees for supporting the global bitcoin network. The Cryptocurrency Datacenter and Power Generation segment also sells surplus electricity generated by its power plant, and not consumed in cryptocurrency datacenter operations, to the New York Independent System Operator (NYISO) power grid at prices set on a daily basis through the NYISO wholesale market. The GREE YTD return is shown above.
The YTD Return on the GREE YTD return page and across the coverage universe of our site,
is a measure of the total return for a given investment year-to-date for the current calendar year
(up to the end of prior trading session). Arguably, choosing the current calendar year for a measurement
period is on the one hand completely arbitrary, but on the other hand a year-to-date look can be extremely
useful in the context of our country's tax system which taxes gains and income on a calendar year basis.
Thus, researching Year-To-Date Returns is good practice for investors — whether GREE YTD return or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's YTD return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the GREE YTD return calculation (with any dividends reinvested as applicable), and to provide a
coverage universe of many stocks and ETFs to be able to compare YTD returns.
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