Greenidge Generation Holdings Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Greenidge Generation Holdings Inc. (NASDAQ: GREE; GREEL) resulting from allegations that Greenidge may have issued materially misleading business information to the investing public.

If you purchased Greenidge securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Greenidge securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On February 2, 2022, before market hours, Greenidge announced selected preliminary operating results for the fourth quarter and full year of 2020. Among other results, the Company reported that it “[e]xpects GAAP Net Loss of $(51) to $(41) million, including a noncash goodwill impairment charge related to the business of $42 to $47 million[.]”

On this news, Greenidge’s share price fell $1.51, or 11%, to close at $11.15 per share on February 2, 2022.

Follow us on:
Company Name: Greenidge Generation Holdings Inc.
Stock Symbol: GREE
Class Period: N/A
Court: N/A

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top