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DISCONTINUED OPERATIONS
 6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
A business is classified as held for sale when management having the authority to approve the action commits to a plan to sell or exit the business, the sale or exit is probable to occur during the next 12 months at a price or cost that is reasonable in relation to its current fair value and certain other criteria are met. A business classified as held for sale is recorded at the lower of its carrying amount or estimated fair value less cost to sell. When the carrying amount of the business exceeds its estimated fair value less cost to sell, a loss is recognized and updated each reporting period as appropriate.
The contract for Support.com’s largest customer was not renewed upon expiration on December 31, 2022. As a result of this material change in the business, management and the board of directors made the determination to consider various alternatives for Support.com, including the disposition of assets. At December 31, 2022, the Company classified the Support.com business as held for sale and discontinued operations in the condensed consolidated financial statements as a result of its strategic shift to strictly focus on its cryptocurrency datacenter and power generation operations.

In January 2023, Greenidge completed the sale of a portion of the assets of Support.com for net proceeds of approximately $2.6 million. In June 2023, the Company entered into a purchase and sale agreement with third parties in order to sell certain remaining assets and liabilities, including the transfer of remaining customer contracts, for net proceeds of approximately $0.8 million. The Company has ended all Support.com operations as of December 31, 2023; therefore, the remaining assets and liabilities of Support.com have been presented as current at June 30, 2024 and December 31, 2023. The remaining assets and liabilities consist primarily of remaining prepaid expenses and refundable deposits, payables and accrued expenses associated with the closing of operations and foreign tax liabilities.

Major classes of assets and liabilities consist of the following:

$ in thousandsJune 30, 2024December 31, 2023
Assets:
Prepaid expenses and other current assets$30 $47 
Current assets held for sale30 47 
Other assets456 454 
Long-term assets held for sale456 454 
Loss on classification to held for sale(486)(501)
Assets held for sale— — 
Liabilities:
Accounts payable8 21 
Accrued expenses306 462 
Current liabilities held for sale$314 $483 
Financial results from discontinued operations consist of the following:

Three Months Ended
June 30,		Six Months Ended
June 30,
$ in thousands2024202320242023
Revenue$— $1,724 $— $3,845 
Cost of revenue - services and other (exclusive of depreciation and amortization)— (1,574)— (3,468)
Selling, general and administrative(71)(845)8 (1,912)
Merger and other costs— (379)— (530)
Gain on asset disposal— 762 — 4,162 
Gain (loss) on assets classified as held for sale5 — 11 (1,735)
Other income (loss), net3 23 12 20 
Income from discontinued operations, net of tax$(63)$(289)$31 $382 

The Company’s effective income tax rate from discontinued operations for the three months ended June 30, 2024 and 2023 was 0% and 0%, respectively, and for the six months ended June 30, 2024 and 2023 was 0% and 0%, respectively.