Greenidge Generation appoints two new board members

PITTSFORD, N.Y. - Greenidge Generation Holdings Inc. (NASDAQ:GREE), a company specializing in cryptocurrency datacenter and power generation, has announced the addition of Kenneth Fearn and Christopher Krug as independent directors to its Board, effective April 17, 2025. This move comes as part of an ongoing board refreshment initiative. According to InvestingPro’s comprehensive board analysis tools, effective board composition is crucial for company performance and strategic direction.

Kenneth Fearn brings over 30 years of experience in investments, finance, and mergers and acquisitions. His background includes roles at McKinsey & Co., J.P. Morgan, and The Capital Group, Inc., and he has served as a board member and audit committee chair for Braemar Hotels and Resorts, Inc. (NYSE: BHR). Fearn is also the founder and managing partner of Integrated Capital, a private equity real estate firm.

Christopher Krug is known for his public markets investment expertise, particularly in small cap companies. He founded Chatham Harbor Capital, a fund that emphasizes value creation through selective investments in global small and microcap equities. Krug’s previous experience includes positions at Hold Brothers Capital and various roles at Kushner & Kushner P.C. and Charlotte Bobcats Sports and Entertainment.

The appointments coincide with the retirement of David Anderson and Daniel Rothaupt from the Board. Timothy Fazio, co-founder of Atlas Holdings LLC, has been elected as the new Chairman of the Board. For detailed analysis of board transitions and their impact on company performance, investors can access comprehensive Pro Research Reports available on InvestingPro, covering over 1,400 US stocks with expert insights and actionable intelligence.

Jordan Kovler, CEO of Greenidge, expressed enthusiasm for the new appointments, citing the complementary skills and valuable experiences Fearn and Krug bring to the board. Kovler also extended gratitude to Anderson and Rothaupt for their service and wished them well in retirement.

Greenidge Generation Holdings Inc. focuses on integrating power generation with cryptocurrency mining and site management operations. The appointments and board changes reflect the company’s commitment to evolving its leadership structure to support its growth and strategic direction.

The information for this article is based on a press release statement from Greenidge Generation Holdings Inc.

In other recent news, Braemar Hotels & Resorts Inc. reported its fourth-quarter earnings for 2024, revealing a net loss of $31.1 million, which equates to an earnings per share (EPS) of -$0.47. This result fell short of the anticipated EPS of -$0.33. However, the company exceeded revenue expectations, reporting $173.34 million compared to the forecasted $165.31 million. Despite the revenue beat, the earnings miss has raised concerns among investors.

Additionally, Braemar Hotels & Resorts has expanded its Board of Directors with the appointment of Kellie Sirna as a new independent director. Sirna is the founder and principal of Studio 11 Design, a firm with a history of providing services to Ashford Inc., Braemar’s advisor. Her appointment is part of the company’s strategy to enhance its leadership and strategic vision.

These developments are part of Braemar Hotels & Resorts’ ongoing efforts to navigate the competitive landscape of luxury hospitality real estate. The company continues to focus on revenue optimization and expense management, with expectations of steady growth in resort markets. Meanwhile, refinancing discussions are underway for the company’s remaining 2025 debt maturity, indicating efforts to strengthen its financial position.

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