Greenidge Generation, a next-gen Bitcoin (CCC:
BTC-USD). Once the deal closes in Q3, SPRT stock will be a full-fledged mining stock.
Source: Mark Agnor / Shutterstock.com
Greenidge stockholders will control 92% and Support.com owners will own 8% of the merged company.
As a result, I believe that SPRT stock is deeply undervalued as a mining stock, assuming the deal is approved. (There is a high likelihood of this since Support management and others who together control 30% of the deal have said they will vote for it). I estimate SPRT stock is worth at least 53% more than its present price.
Details of the Deal