Atlas Capital reports 23.1% stake in Greenidge Generation after July 6 share issuance

Atlas Capital GP LP disclosed ownership of 4,185,381 shares of Greenidge Generation (NASDAQ: GREE) Class A common stock after conversion, amounting to 23.1% of the class, in a Schedule 13D/A filed Wednesday with the SEC. The updated stake reflects a July 6 interest payment in which Greenidge issued 114,199 Class A shares to Atlas, valued at $161,820.

The stock issuance was made under an Equity Interest Payment Agreement dated January 24, 2025. The filing lists six stock-based interest payments under that agreement from April 2025 through July 2026, totaling 633,561 Class A shares and roughly $933,150 in stated cash-equivalent value. Atlas has controlled Greenidge since acquiring the company in February 2014.

The company's 2024 proxy statement said Atlas Holdings controlled 78.3% of voting power as of April 26, 2024 and held the ability to elect a majority of directors. That voting-power figure reflects a different ownership framing and date than the current 13D/A's beneficial ownership calculation.

Atlas now holds more shares but a smaller percentage than it reported in January. A prior 13D/A filed on January 12 showed 3,956,317 shares on an as-converted basis, equal to 25.0% of the class, calculated against 13,068,603 Class A shares outstanding as of December 31, 2025.

The current filing adds 229,064 shares to that total, but the ownership percentage falls 1.9 points because Greenidge's Class A share count expanded. AI and Bitcoin's daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts.

The 23.1% figure uses 15,286,349 Class A shares outstanding as of June 30, plus the 114,199 shares issued on July 6, plus an assumption that all 2,680,030 Atlas-held Class B shares convert into Class A. The holdings are spread across several Atlas sub-funds, including Atlas Capital Resources (A9) LP at 16.

1%, A9-Parallel at 5.8%, Atlas Capital Resources (P) LP at 0.6%, and GGH Bridge Investment LP at 0.

7%. Atlas Capital GP LP is deemed the beneficial owner of all underlying securities as the general partner. Managing partners Andrew M.

Bursky and Timothy J. Fazio are also listed as reporting persons with the same 23.1% beneficial ownership through their control of Atlas Capital Resources GP LLC.

AI and Bitcoin's daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. Several Greenidge directors and officers maintain Atlas ties, including Fazio, who has served on the Greenidge board since the 2014 acquisition, according to proxy filings. Atlas Capital GP LP disclosed ownership of 4,185,381 shares of Greenidge Generation (NASDAQ: GREE) Class A common stock after conversion, amounting to 23.

1% of the class, in a Schedule 13D/A filed Wednesday with the SEC. The updated stake reflects a July 6 interest payment in which Greenidge issued 114,199 Class A shares to Atlas, valued at $161,820. The stock issuance was made under an Equity Interest Payment Agreement dated January 24, 2025.

The filing lists six stock-based interest payments under that agreement from April 2025 through July 2026, totaling 633,561 Class A shares and roughly $933,150 in stated cash-equivalent value. Atlas has controlled Greenidge since acquiring the company in February 2014. The company's 2024 proxy statement said Atlas Holdings controlled 78.

3% of voting power as of April 26, 2024 and held the ability to elect a majority of directors. That voting-power figure reflects a different ownership framing and date than the current 13D/A's beneficial ownership calculation. Atlas now holds more shares but a smaller percentage than it reported in January.

A prior 13D/A filed on January 12 showed 3,956,317 shares on an as-converted basis, equal to 25.0% of the class, calculated against 13,068,603 Class A shares outstanding as of December 31, 2025. The current filing adds 229,064 shares to that total, but the ownership percentage falls 1.

9 points because Greenidge's Class A share count expanded. AI and Bitcoin's daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. The 23.

1% figure uses 15,286,349 Class A shares outstanding as of June 30, plus the 114,199 shares issued on July 6, plus an assumption that all 2,680,030 Atlas-held Class B shares convert into Class A. The holdings are spread across several Atlas sub-funds, including Atlas Capital Resources (A9) LP at 16.1%, A9-Parallel at 5.

8%, Atlas Capital Resources (P) LP at 0.6%, and GGH Bridge Investment LP at 0.7%.

Atlas Capital GP LP is deemed the beneficial owner of all underlying securities as the general partner. Managing partners Andrew M. Bursky and Timothy J.

Fazio are also listed as reporting persons with the same 23.1% beneficial ownership through their control of Atlas Capital Resources GP LLC. AI and Bitcoin's daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts.

Several Greenidge directors and