Seeking Alpha
2021-12-07 07:03:26

Greenidge Generation: A Grossly Undervalued Bitcoin Mining Company

GREE is already generating free cash flow and has strong ownership characteristics.GREE is a grossly undervalued, growing, and low-cost bitcoin miner on absolute terms as well as vis-a-vis its peers.GREE is being mispriced by the market due to low volume overhang from the SPRT merger and mainly an upcoming Title V permit renewal by NY State for emissions.We believe the permit renewal risk is overblown and the stock is mispriced at this level.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.