Greenidge Generation Holdings Inc. is a vertically integrated cryptocurrency datacenter and power generation company. It is focused on cryptocurrency mining, infrastructure development, engineering, procurement, construction management, operations, and maintenance of sites. It owns and operates a facility in the Town of Torrey, New York (the New York Facility). The New York Facility is a vertically integrated cryptocurrency datacenter and power generation facility with an approximately 106-megawatt nameplate capacity, natural gas power generation facility. It provides hosting, power, and technical support services to third-party owned bitcoin mining equipment. We show 12 historical shares outstanding datapoints in our GREE shares outstanding history coverage, used to compute GREE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GREE market cap history over the course of time is important for investors
interested in comparing GREE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GREE versus a peer is one thing; comparing
GREE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GREE can fluctuate over the course of history.
With this page we aim to empower investors researching GREE by allowing them to research the GREE market cap history. |
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Video: The Importance of Market Cap
