Greenidge Generation Holdings Inc. has amended its tender and exchange offer for its 8.5% senior notes due 2026, increasing the purchase price to $10.00 plus accrued interest for each $25.00 of principal tendered. The deadline has been extended to September 29, 2025, with $3.97 million tendered as of the September 11 withdrawal deadline.

The offer reflects Greenidge’s efforts to restructure its balance sheet amidst cryptocurrency mining sector volatility. The company’s hybrid model of natural gas power generation and bitcoin mining has attracted investor interest and environmental scrutiny. The outcome of the offer will be closely monitored for its impact on investor confidence in Greenidge’s financial restructuring and business model.

Read more at Yahoo Finance: Greenidge Boosts Tender Offer Price, Extends Deadline for Noteholders