Greenidge Generation Announces Expiration and Final Results of Exchange Offer for Senior Notes Due 2026

About this update from Greenidge Generation Holdings Inc.

PITTSFORD, N.Y.--(BUSINESS WIRE)-- Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated power generation company focused on datacenters and infrastructure development, today announced final results of its previously announced offer to exchange (the “Exchange Offer” or the “Offer”) its outstanding 8.50% Senior Notes due 2026 (the “Old Notes”), as set forth in the Offer to Exchange, dated as of March 11, 2026 (as amended, the “Offer to Exchange”), which trade on the Nasdaq Global Select Market under the symbol “GREEL.” The Exchange Offer expired at 5:00 p.m., New York City time, on April 8, 2026 (the “Expiration Date”). Capitalized terms used herein and otherwise undefined have the meaning ascribed to them in the Offer to Exchange. According to the information provided to Greenidge by Computershare Trust Company, N.A., the exchange agent in connection with the Offer, the following aggregate principal amount of the Old Notes set forth in the table below was validly tendered and not properly withdrawn (the “Exchanged Notes”) as of the Expiration Date for a new series of 10.00% Senior Notes due 2030 (the “New Notes”), in an amount equal to $25.00 principal amount of New Notes and two (2) shares of the Company’s Class A Common Stock, $0.0001 par value per share (“Class A Common Stock”), for each $25.00 principal amount of Old Notes exchanged, plus accrued and unpaid interest up to, but not including, the settlement date: Title of Security CUSIP Number Principal Amount Outstanding Aggregate Principal Amount Validly Tendered and Not Properly Withdrawn as of the Withdrawal Date Aggregate Principal Amount of Exchanged Notes Accepted Pursuant to Exchange Offer Principal Amount Outstanding Following Final Settlement of Exchange Offer 8.50% Senior Notes Due 2026 39531G209 $36,663,875 $1,436,125 $1,436,125 $35,227,750 The Exchange Offer was made pursuant to the terms and subject to the satisfaction or waiver of certain conditions set forth in the Offer to Exchange. As of the Expiration Date, all conditions to the Exchange Offer were satisfied or waived. Upon settlement of the Exchange Offer, which is currently expected to occur on April 10, 2026, subject to the acceptance procedures described in the Offer to Exchange, holders of Exchanged Notes will receive an aggregate principal amount of New Notes in an amount equa...

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