Insider Buying: Greenidge Generation Holdings Inc. (NASDAQ:GREE) Director Purchases 70,000 Shares of Stock

Greenidge Generation Holdings Inc. (NASDAQ:GREE - Get Free Report) Director Christopher J. Krug purchased 70,000 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average price of $0.83 per share, for a total transaction of $58,100.00. Following the purchase, the director now directly owns 221,607 shares in the company, valued at approximately $183,933.81. The trade was a 46.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Greenidge Generation Price Performance

Shares of NASDAQ GREE opened at $1.34 on Friday. Greenidge Generation Holdings Inc. has a 1 year low of $0.58 and a 1 year high of $3.84. The firm has a fifty day moving average price of $0.81 and a 200-day moving average price of $1.57.

Hedge Funds Weigh In On Greenidge Generation

An institutional investor recently bought a new position in Greenidge Generation stock. Soviero Asset Management LP purchased a new stake in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 251,147 shares of the company's stock, valued at approximately $389,000. Soviero Asset Management LP owned approximately 2.25% of Greenidge Generation at the end of the most recent reporting period. Institutional investors own 8.50% of the company's stock.

About Greenidge Generation

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Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers.

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