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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of basic earnings and diluted per share of common stock

The following table sets forth a reconciliation of the numerator and denominator used to compute basic earnings and diluted per share of common stock. Basic earnings per share is applicable only for the period from January 29, 2021 through September 30, 2021, which is the period following the reorganization GGH into Greenidge (see Note 2) and presents the period that the Company had outstanding common stock.

 

 

Three Months

 

 

Nine Months

 

 

Ended

 

 

Ended

 

$ in thousands, except per share amounts

September 30, 2021

 

 

September 30, 2021

 

Numerator

 

 

 

 

 

Net loss

$

(7,896

)

 

$

(3,099

)

Less: Net income attributable to the member units
   units before the reorganization

 

(648

)

 

 

(648

)

Net loss attributable to Greenidge

$

(8,544

)

 

$

(3,747

)

Denominator

 

 

 

 

 

Basic weighted average shares outstanding

 

30,116

 

 

 

28,949

 

Dilutive effect of equity awards

 

-

 

 

 

-

 

Dilutive effect of convertible preferred stock

 

-

 

 

 

-

 

Diluted weighted average shares outstanding

 

30,116

 

 

 

28,949

 

Loss per share

 

 

 

 

 

Basic

$

(0.28

)

 

$

(0.13

)

Diluted

$

(0.28

)

 

$

(0.13

)