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SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION
Contract liabilities
At times, the Company receives payments from customers before revenue is recognized, resulting in the recognition of a contract liability presented on the Condensed Consolidated Balance Sheets.
Changes in the Contract liability balance for the three months ended March 31, 2025 were as follows:
$ in thousandsContract Liabilities
Balance as of December 31, 2024
$2,339 
Revenue recognized$(2,339)
Deposits received$— 
Balance as of March 31, 2025
$— 
Prepaid expenses and accrued expenses
$ in thousandsMarch 31, 2025December 31, 2024
Prepaid expenses:
Electric deposits$588 $588 
Prepaid insurance800 1,279 
Other 673 750 
Total$2,061 $2,617 
Accrued expenses:
Accrued interest$949 $974 
Other2,577 3,258 
Total$3,526 $4,232 
Greenidge had the following noncash investing and financing activities:
Three Months Ended March 31,
$ in thousands20252024
Cumulative-effect adjustment due to the adoption of ASU 2023-08$— $22 
Property and equipment purchases in accounts payable$34 $224 
Common stock issued in exchange for reduction in debt$815 $— 
Shares issued to settle extension fees for stand-by letters of credit$1,370 $— 
The following table provides supplemental cash flow information for cash paid for interest:
Three Months Ended March 31,
$ in thousands20252024
Cash paid for interest
$1,434 $1,534