SCHEDULE: Atlas Capital Entities Increase Stake in Greenidge Generation Holdings to 24.2% Through Stock-Based Interest Payments

Atlas Capital Resources and its affiliated entities have increased their beneficial ownership in Greenidge Generation Holdings Inc. to approximately 24.2% of Class A Common Stock, primarily through the receipt of stock as interest payments.

Summary

• Atlas Capital Resources (A9) LP, Atlas Capital Resources (A9-Parallel) LP, Atlas Capital Resources (P) LP, GGH Bridge Investment LP, Atlas Capital GP LP, Atlas Capital Resources GP LLC, Andrew M. Bursky, and Timothy J. Fazio (collectively, the "Reporting Persons") beneficially own an aggregate of 3,774,711 shares of Greenidge Generation Holdings Inc.'s Class A Common Stock on an as-converted basis.
• This aggregate ownership represents approximately 24.2% of the outstanding Class A Common Stock, based on 12,765,741 shares outstanding as of June 30, 2025, and assuming conversion of all 2,680,030 Class B Common Stock shares held by the Reporting Persons.
• The total beneficial ownership comprises 2,680,030 shares of Class B Common Stock (convertible into Class A) and 1,094,681 shares of Class A Common Stock.
• Greenidge Generation Holdings Inc. made interest payments to Atlas (certain Reporting Persons) in the form of Class A Common Stock.
• On April 8, 2025, an interest payment of $119,205 was made in 90,954 shares of Class A Common Stock.
• On July 2, 2025, an interest payment of $162,322 was made in 131,937 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and stock-based interest payments, presenting neutral sentiment. There are no explicit positive or negative operational results or forward-looking statements to sway the sentiment.

Positives

• Greenidge Generation Holdings Inc. is utilizing Class A Common Stock for interest payments, which helps preserve cash liquidity for the company.
• The increased stake by Atlas Capital entities may signal continued confidence from a significant investor group in the company's long-term prospects.

Negatives

• The issuance of Class A Common Stock for interest payments results in dilution for existing shareholders, as the number of outstanding shares increases.

Risks

• Share dilution for existing Class A Common Stock holders due to the issuance of new shares for interest payments.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future operations or financial performance.

Industry Context

This filing is a routine disclosure of beneficial ownership changes and does not provide broader industry trends or competitive analysis. It reflects a specific investor group's increased stake in Greenidge Generation Holdings Inc., a company known for its digital asset mining and power generation activities.

Related Party Transactions

• Greenidge Generation Holdings Inc. made interest payments in Class A Common Stock to Atlas, which comprises certain Reporting Persons who are significant beneficial owners of the Issuer.

Stakeholder Impact

• Shareholders: Experience dilution of their ownership percentage due to the issuance of new Class A Common Stock shares for interest payments.

Key Dates

Keywords

Greenidge Generation Holdings Inc., Atlas Capital Resources, Schedule 13D, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Equity Interest Payment, SEC Filing, Share Dilution, Investment Holdings