Is Greenidge Generation Holdings Inc. (GREE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 23.0% | |
| Operating Margin | -12.5% | |
| Net Margin | -2.6% | |
| Return on Assets (ROA) | -13.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$12M |
| Free Cash Flow | -$22M |
| Total Debt | $68M |
| Current Ratio | 0.9 |
| Total Assets | $65M |
Price & Trading
| Last Close | $1.23 |
| 50-Day MA | $1.30 |
| 200-Day MA | $1.53 |
| Avg Volume | 156K |
| Beta | 3.2 |
|
52-Week Range
$0.58
| |
About Greenidge Generation Holdings Inc. (GREE)
Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers. As of March 6, 2025, the company had 119MW of active self-mining, hosting and power generation across sites in New York, Mississippi, and North Dakota. Greenidge Generation Holdings Inc. was founded in 1937 and is based in Dresden, New York.
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Frequently Asked Questions
Is Greenidge Generation Holdings Inc. (GREE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Greenidge Generation Holdings Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Greenidge Generation Holdings Inc.'s debt ratio?
Greenidge Generation Holdings Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Greenidge Generation Holdings Inc.'s key financial metrics?
Greenidge Generation Holdings Inc. has a market capitalization of $18M, and revenue of $60M. The company maintains a gross margin of 23.0% and a net margin of -2.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.