EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

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.


	For the Year Ended December 31,
($ in thousands, except per share amounts)	2022		2021
Numerator
Net (loss) income from continuing operations	$	(269,741)	$	21,600
Less: Net income attributable to the member units before the reorganization	—		(648)
Net (loss) income from continuing operations attributable to Greenidge	(269,741)		20,952
Loss from discontinued operations, net of tax	(1,327)		(66,080)
Net loss	$	(271,068)	$	(45,128)

Denominator
Basic weighted average shares outstanding	42,373		31,995
Dilutive effect of equity awards	—		592
Dilutive effect of convertible preferred stock	—		4,048
Diluted weighted average shares outstanding	42,373		36,635

(Loss) earnings per basic share:
(Loss) earnings per basic share from continuing operations	$	(6.37)	$	0.65
Loss per basic share from discontinued operations	(0.03)		(2.06)
Loss per basic share	$	(6.40)	$	(1.41)

(Loss) earnings per diluted share:
(Loss) earnings per diluted share from continuing operations	$	(6.37)	$	0.57
Loss per diluted share from discontinued operations	(0.03)		(1.80)
Loss per diluted share	$	(6.40)	$	(1.23)