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Schall Law Firm Encourages Greenidge Generation Holdings Inc. Investors With $100,000 Losses To Contact Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors in Greenidge Generation Holdings Inc. (“ Greenidge” or “the Company”) (NASDAQ: GREE) for violations of securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. The New York State Department of Environmental Conservation (“DEC”) released a statement about Greenidge on June 30, 2022. The DEC announced “its denial of the Title V aerial permit renewal for the facility of Greenidge Generation, LLC, located in the City of Torrey, Yates County. DEC added that it had “determined that the license renewal application does not demonstrate compliance with the requirements of the Climate Leadership and Community Protection Act. Based on DEC’s review of the specific facts and circumstances presented, the continued operation of this natural gas-fired facility would be inconsistent with statewide greenhouse gas emission limits established in the Climate Act.” DEC clarified that “among the factors taken accounted for was the facility’s dramatic increase in greenhouse gas emissions since the passage of the Climate Act, driven by a change in the primary focus of its operations, rather than just providing power to the state power grid, the power plant now primarily supplies behind-the-meter power to meet the demands of energy-intensive cryptocurrency mining operations Greenidge proof-of-work ic.” Based on this news, shares of Greenidge fell more than 7% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.

contacts

Schall law firm

Brian Schall, Esq.

310-301-3335

[email protected]
www.schallfirm.com

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