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Christian Mulvihill, Chief Financial Officer of Greenidge Generation Holdings Inc. (NASDAQ:GREE), sold 609 shares of Class A Common Stock on October 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $2.07, for a total value of $1260. The micro-cap company, currently valued at $31 million, has seen its stock surge over 200% in the past six months despite recent volatility.
Following the transaction, Mulvihill directly owns 97409 shares of Greenidge Generation Holdings Inc. According to InvestingPro analysis, GREE appears undervalued at current levels, with 13 additional key insights available to subscribers.
The sale was to cover tax withholding obligations related to the vesting of restricted stock units and was not a discretionary sale by Mulvihill, according to the filing’s footnotes. The company’s next earnings report is scheduled for November 7, 2025.
In other recent news, Greenidge Generation Holdings Inc. has been actively managing its financial obligations through a series of tender and exchange offers for its outstanding 8.50% Senior Notes due 2026. The company completed an offer where approximately $5.94 million in notes were tendered or exchanged, with $5.84 million tendered for cash and an additional $108,250 exchanged for new 10.00% Senior Notes due 2030. Greenidge also amended its tender offer by increasing the purchase price to $10.00 plus accrued interest for each $25.00 principal amount of notes and extended the expiration date to September 29, 2025. Additionally, Greenidge announced the completion of a $3.9 million sale of its Columbus, Mississippi bitcoin mining facility to US Digital Mining Mississippi LLC. Earlier, Greenidge had launched an offer allowing noteholders to exchange their holdings for new notes or receive cash payments. These developments reflect Greenidge’s strategic moves to restructure its debt and streamline its operations.
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