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SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION (Tables)
9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Contract Liability Rollforward
Changes in the Contract liability balance for the nine months ended September 30, 2024 are as follows:
$ in thousandsContract Liabilities
Balance as of December 31, 2023
$— 
Revenue recognized$— 
Deposits received$2,200 
Balance as of September 30, 2024
$2,200 
Schedule of Prepaid and Accrued Expenses
$ in thousandsSeptember 30, 2024December 31, 2023
Prepaid expenses:
Electric deposits$588 $— 
Prepaid insurance315 2,818 
Warrant asset57 477 
Other 816 569 
Total$1,776 $3,864 
Accrued expenses:
Accrued interest$1,026 $1,026 
Other3,145 5,090 
Total$4,171 $6,116 
Summary of Supplemental Cash Flow Information
Greenidge had the following noncash investing and financing activities:
Nine Months Ended September 30,
$ in thousands20242023
Cumulative-effect adjustment due to the adoption of ASU 2023-08$22 $— 
Property and equipment purchases in accounts payable$174 $1,581 
Common stock issued for amendment fee to lender$— $1,000 
Sale of equipment in exchange for receivable$1,200 $— 
Exchange of assets for reduction in debt$— $49,950 
Exchange of coupons for reduction in debt$— $1,152 
Exchange of equipment deposits for reduction in debt$— $7,381 
Accrued interest added to debt principal$— $592 
Right-of-use asset obtained in exchange for operating lease liability$156 $— 
The following table provides supplemental cash flow information for cash paid for interest:
Nine Months Ended September 30,
$ in thousands20242023
Cash paid for interest
$4,603 $5,714