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Video: What is a Stock Split?
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Greenidge Generation Holdings is a holding company. Through its subsidiaries, Co. has one operating and reportable segments: Cryptocurrency Datacenter and Power Generation segment. The Cryptocurrency Datacenter and Power Generation segment primarily focuses on earning bitcoin, with miners that are owned by Co., as rewards and transaction fees for supporting the global bitcoin network. The Cryptocurrency Datacenter and Power Generation segment also sells surplus electricity generated by its power plant, and not consumed in cryptocurrency datacenter operations, to the New York Independent System Operator (NYISO) power grid at prices set on a daily basis through the NYISO wholesale market. According to our GREE split history records, Greenidge Generation Holdings has had 2 splits. | |
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Greenidge Generation Holdings (GREE) has 2 splits in our GREE split history database. The first split for GREE took place on September 15, 2021. This was a 207 for 1000 reverse split, meaning for each 1000 shares of GREE owned pre-split, the shareholder now owned 207 shares. For example, a 1000 share position pre-split, became a 207 share position following the split. GREE's second split took place on May 16, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of GREE owned pre-split, the shareholder now owned 1 share. For example, a 207 share position pre-split, became a 20.7 share position following the split.
When a company such as Greenidge Generation Holdings conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GREE split history from start to finish, an original position size of 1000 shares would have turned into 20.7 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Greenidge Generation Holdings shares, starting with a $10,000 purchase of GREE, presented on a split-history-adjusted basis factoring in the complete GREE split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$117.90 |
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End price/share: |
$2.79 |
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Starting shares: |
84.82 |
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Ending shares: |
157.34 |
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Dividends reinvested/share: |
$48.31 |
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Total return: |
-95.61% |
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Average Annual Total Return: |
-26.84% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$439.28 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$117.90 |
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End price/share: |
$2.79 |
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Dividends collected/share: |
$48.31 |
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Total return: |
-56.66% |
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Average Annual Total Return: |
-8.02% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4,334.45 |
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Years: |
10.00 |
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Date |
Ratio |
09/15/2021 | 207 for 1000 | 05/16/2023 | 1 for 10 |
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