Greenidge Generation Holdings Inc-A 2024年度报告

FORM10-K________________________________ (Mark One) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For thefiscal year endedDecember31, 2024OR Commission File Number001-40808________________________________ Greenidge Generaon Holdings Inc. (Exact name of Registrant as specified in its Charter)________________________________ Registrant’s telephone number, including area code: (315)536-2359________________________________ Securies registered pursuant to Secon 12(b) of the Act: Securies registered pursuant to Secon 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securies Act. Yes o Indicate by check mark if the Registrant is not required tofile reports pursuant to Secon 13 or 15(d) of the Act. YesoNox Indicate by check mark whether the Registrant: (1) hasfiled all reports required to befiled by Secon 13 or 15(d) of the Securies Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant was required tofile such reports), and (2) has been subject to suchfiling requirements for the past90 days.YesxNoo Indicate by check mark whether the Registrant has submied electronically every Interacve Data File required to be submied pursuant to Rule 405 of Regulaon S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit suchfiles).YesxNoo Indicate by check mark whether the Registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, smaller reporng company, or an emerginggrowth company. See the definions of "large acceleratedfiler," "acceleratedfiler," "smaller reporng company," and "emerging growth company" in Rule 12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transion period for complying with any new or revisedfinancial accounng standards provided pursuant to Secon 13(a) of the Exchange Act.o Indicate by check mark whether the Registrant hasfiled a report on and aestaon to its management’s assessment of the effecveness of its internal control overfinancial reporng under Secon 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounngfirm that prepared or issued its audit report.o If securies are registered pursuant to Secon 12(b) of the Act, indicate by check mark whether thefinancial statements of the Registrant included in thefiling reflectthe correcon of an error to previously issuedfinancial statements.☐ Indicate by check mark whether any of those error correcons are restatements that required a recovery analysis of incenve-based compensaon received by any ofthe Registrant’s execuve officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesoNox Based on the closing sale price of $2.69 of the Registrant's Class A common stock on The Nasdaq Global Select Market on June30, 2024, the last business day of theRegistrant’s most recently completed secondfiscal quarter, the aggregate market value of the vong common equity held by non-affiliates of the Registrant was As of March25, 2025, the Registrant had11,741,704shares of Class A common stock, $0.0001 par value per share, outstanding and2,733,394shares of Class Bcommon stock, $0.0001 par value per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Porons of the Registrant’s definive proxy statement for its 2025 Annual Meeng of Stockholders are incorporated by reference in Part III of this Annual Report onForm 10-K where indicated. The Registrant's definive proxy statement will befiled with the Securies and Exchange Commission within 120 days aer December31,2024. Table of Contents PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved StaffCommentsItem 1C.CybersecurityItem 2.ProperesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Maers and Issuer Purchases of EquitySecuries50Item 6.[Reserved]50Item 7.Management’s Discussion and Analysis of Financial Condion and Results of Operaons50Item 7A.Quantave and Qualitave Disclosures About Market Risk63Item 8.Financial Statements and Supplementary Data63Item 9.Changes in and Disagreements With Accountants on Accounng and Financial Disclosure63Item 9A.Controls and Procedures64Item 9B.Other Informaon64Item 9C.Disclosure Regarding Foreign Jurisdicons that Prevent Inspecons64 PART III Item 10.Directors, Execuve Officers and Corporate Governance65Item 11.Execuve Compensaon65Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Maers65Item 13.Certain Relaonships and Related Transacons, and Director Independence65Item 14.Principal