12 Crypto Stocks with the Biggest Upside Potential

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4. Greenidge Generation Holdings Inc. (NASDAQ:GREE)

Analyst Upside: 83.49%

Greenidge Generation Holdings Inc. (NASDAQ:GREE) is a vertically integrated cryptocurrency data center and power generation company. Its cryptocurrency data center operations earn Bitcoins as transaction fees or rewards for supporting the global Bitcoin network via application-specific integrated circuit computers leased or owned by the company.

The company reported a total revenue of $12.4 million for fiscal Q3 2024. Its cryptocurrency mining revenue was $15.0 million for the quarter, and data center hosting revenue was $22.2 million. In addition, its power and capacity revenue reached $7.1 million.

Greenidge Generation Holdings Inc. (NASDAQ:GREE) posted a total Bitcoin production of 793 BTC year to date in 2024 and a Bitcoin production of 166 BTC for fiscal Q3 2024. It is on the path to gradually upgrading its miner fleet with newer generation miners, compared to 27.1 J/TH reported as of September 30, 2024, and 28.7 J/TH reported as of June 30, 2024. It is also securing additional sites for future development and potentially monetizing certain assets. Almost all its miners have been deployed since November 7, 2024. Greenidge Generation Holdings Inc. (NASDAQ:GREE) ranks fourth on our list of the 12 crypto stocks with the biggest upside potential.

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