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CONCENTRATIONS
6 Months Ended
Jun. 30, 2022
Risks and Uncertainties [Abstract]  
Concentrations

14. CONCENTRATIONS

 

The Company has one power customer, NYISO, that accounted for 9% and 13% of consolidated revenue for the three months ended June 30, 2022 and 2021, respectively. NYISO accounted for 13% and 15% of consolidated revenue for the six months ended June 30, 2022 and 2021, respectively.

 

For cryptocurrency datacenter operations, Greenidge considers its mining pool operators to be its customers. Greenidge has historically used a limited number of pool operators that have operated under contracts with a one-day term, which allows Greenidge the option to change pool operators on a daily basis. Revenue from one of the Company’s pool operator customers accounted for approximately 52% and 75% of total revenue for the three months ended June 30, 2022 and 2021, respectively, and 51% and 73% for the six months ended June 30, 2022 and 2021, respectively. Revenue from a different pool operator customer accounted for approximately 8% and 12% of total revenue for the three months ended June 30, 2022 and 2021, respectively, and 10% and 12% for the six months ended June 30, 2022 and 2021, respectively.

 

The Support Services segment's largest customer accounted for approximately 20% and 18% of the Company's consolidated revenue during the three and six months ended June 30, 2022 and also accounted for approximately 64% and 67% of the Company's consolidated accounts receivable balance at June 30, 2022 and December 31, 2021, respectively.

 

The Company has one natural gas vendor that accounted for approximately 51% and 56% of cost of revenue for the three months ended June 30, 2022 and 2021, respectively and 48% and 59% of revenue for the six months ended June 30, 2022 and 2021, respectively.