Greenidge seeks to raise up to $22.8 million in stock offer

Quick Take

  • Crypto miner Greenidge Generation seeks to raise up to $22.8 million in a stock offer.
  • The company has entered into a sales agreement with B. Riley, a Securities and Exchange Commission (SEC) filing shows.

Crypto miner Greenidge Generation is seeking to raise up to $22.8 million in an at-the-market offering, a U.S. Securities and Exchange Commission (SEC) filing dated Oct. 3 shows.

Greenidge has signed a sales agreement with investment bank B. Riley Securities for the Class A common stock offer. B. Riley will get up to 5% of the gross proceeds from the offer.

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About Author

Kristin Majcher is a senior correspondent at The Block, based in Colombia. She covers the Latin America market. Before joining, she worked as a freelancer with bylines in Fortune, Condé Nast Traveler and MIT Technology Review among other publications.