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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2022
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.

 

 

 

Three Months Ended June 30:

 

 

Six Months Ended June 30:

 

$ in thousands, except per share amounts

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(107,882

)

 

$

3,518

 

 

$

(108,310

)

 

$

4,797

 

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

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(648

)

Net (loss) income attributable to Greenidge

 

$

(107,882

)

 

$

3,518

 

 

$

(108,310

)

 

$

4,149

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

41,555

 

 

 

28,320

 

 

 

41,308

 

 

 

28,283

 

Dilutive effect of equity awards

 

 

-

 

 

 

625

 

 

 

-

 

 

 

482

 

Dilutive effect of convertible preferred stock

 

 

-

 

 

 

6,480

 

 

 

-

 

 

 

6,480

 

Diluted weighted average shares outstanding

 

 

41,555

 

 

 

35,425

 

 

 

41,308

 

 

 

35,245

 

(Loss) earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.61

)

 

$

0.12

 

 

$

(2.62

)

 

$

0.15

 

Diluted

 

$

(2.61

)

 

$

0.10

 

 

$

(2.62

)

 

$

0.12