MERGER WITH SUPPORT.COM (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Estimated Value of the Consideration Paid

The following table summarizes the estimated value of the consideration paid (purchase price):

$ in thousands, except per share amount
Support common stock exchanged	25,745,487
Exchange ratio	0.115
Greenidge Class A common stock exchanged	2,960,731
Greenidge common stock value per share	$	31.71
Consideration paid	$	93,885

Preliminary Allocation of the Purchase Price to the Identifiable Assets Acquired and Liabilities

The following table summarizes the allocation of the purchase price to the identifiable assets acquired and liabilities assumed by Greenidge, with the excess of the purchase price over the fair value of Support.com’s net assets recorded as goodwill.

$ in thousands
Cash and cash equivalents	$	27,113
Short term investments	496
Accounts receivable	5,383
Prepaid expenses and other current assets	713
Property and equipment	1,349
Other long-term assets	383
Accounts payable	(117)
Accrued expenses and other current liabilities	(3,535)
Other long-term liabilities	(242)
Intangible assets	3,810
Deferred tax assets	13,163
Goodwill	45,369
Total consideration	$	93,885

Identifiable Intangible Assets Determined on a Preliminary Basis

The following fair value estimates for identifiable intangible assets were based on assumptions that market participants would use in pricing an asset, based on the most advantageous market for the asset (i.e., its highest and best use).

$ in thousands Identifiable Intangible Asset	Useful Life	Fair Value
Customer relationships	4 years	$	3,320
Tradename	5 years	490
Total identifiable intangible assets		$	3,810