<SEC-DOCUMENT>0000921895-25-001856.txt : 20250912
<SEC-HEADER>0000921895-25-001856.hdr.sgml : 20250912
<ACCEPTANCE-DATETIME>20250627160810
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000921895-25-001856
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Greenidge Generation Holdings Inc.
		CENTRAL INDEX KEY:			0001844971
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				861746728
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1159 PITTSFORD-VICTOR ROAD
		STREET 2:		SUITE 240
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534
		BUSINESS PHONE:		315-536-2359

	MAIL ADDRESS:	
		STREET 1:		1159 PITTSFORD-VICTOR ROAD
		STREET 2:		SUITE 240
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<font style="FONT-SIZE: 7pt; FONT-FAMILY: arial, sans-serif; DISPLAY: inline">1325 AVENUE OF THE AMERICAS <font style="FONT-SIZE: 7pt; FONT-FAMILY: arial, sans-serif; DISPLAY: inline">&#9679;</font>&#160;NEW YORK, NEW YORK 10019</font>
<BR>
<font style="FONT-SIZE: 7pt; FONT-FAMILY: arial, sans-serif; DISPLAY: inline">TELEPHONE: 212.451.2300&#160;<font style="FONT-SIZE: 7pt; FONT-FAMILY: arial, sans-serif; DISPLAY: inline">&#9679;</font> <font style="FONT-SIZE: 7pt; FONT-FAMILY: arial, sans-serif">FACSIMILE</font>: 212.451.2222</font>
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<P STYLE="text-indent: 0pt; margin: 0pt 0; font: 7pt Arial, serif; text-align: right">EMAIL:&#160; KSILVERMAN@OLSHANLAW.COM</P>


<P STYLE="text-indent: 0pt; margin: 0pt 0; font: 7pt Arial, serif; text-align: right">DIRECT DIAL:&#160; 212.451.2327</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">June 27, 2025</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>VIA EDGAR</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">United States Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
Mail Stop 3628<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Attn:</TD><TD>Daniel Duchovny<BR>
Office of Mergers &amp; Acquisitions</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD>Greenidge Generation Holdings Inc.<BR>
Schedule TO-I<BR>
Filed June 17, 2025, amended June 20, 2025<BR>
File No. 005-92880</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Dear Mr. Duchovny:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">On behalf of Greenidge Generation Holdings Inc.,
a Delaware corporation (the &ldquo;Company&rdquo;), we are filing this letter in response to comments received from the staff of the U.S.
Securities and Exchange Commission (the &ldquo;Commission&rdquo;) contained in a letter, dated June 25, 2025, with respect to the Company&rsquo;s
Tender Offer Statement on Schedule TO-I filed with the Commission on June 17, 2025, as amended by Amendment No. 1 to Schedule TO-I filed
with the Commission on June 20, 2025 (as amended, the &ldquo;Schedule TO&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The Company is concurrently filing through EDGAR
with the Commission Amendment No. 2 to the Schedule TO (the &ldquo;Amended Schedule TO&rdquo;), which reflects the Company&rsquo;s responses
to the comments received from the staff.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">To facilitate the staff&rsquo;s review, the
comments are reproduced before each of the Company&rsquo;s responses thereto. Capitalized terms used but not defined herein have the meanings
given to such terms in the Schedule TO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Schedule TO-I filed June 20, 2025</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Offer to Purchase - Cover Page, page i</U></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>We note your statement that you are conducting &ldquo;separate offers.&rdquo; It is unclear how your offer to purchase the subject
securities for different types of consideration (among other terms of the offer) can be considered separate offers. Please advise or revise.</TD></TR></TABLE>
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    <TD STYLE="text-align: right; border-top: black 1px solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, serif; font-size: 7pt">WWW.OLSHANLAW.COM</FONT></TD></TR>
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">June 27, 2025</P><P STYLE="margin: 0pt">Page <!-- Field: Sequence; Type: Arabic; Value: 2; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><U>Response</U>: The Company respectfully advises
the staff that it is using the term &ldquo;separate concurrent offers&rdquo; to describe the structure in which holders of the Old Notes
may elect to participate in either the Exchange Offer or the Tender Offer, but not both. The offers are being conducted concurrently and
are mutually exclusive&mdash;holders cannot concurrently participate in both the Exchange Offer and the Tender Offer.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>We note your disclosure on page iv that security holders must tender their securities by 5:00 p.m. on July 2, 2025 to receive the
Early Tender Premium. Given that the offer expires on July 17, 2025 at 5:00 p.m., it does not appear that there would be ten business
days remaining in the offer after a change in the consideration offer as required by Rule 14e-1(b). Please revise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><U>Response</U>: In response to the staff&rsquo;s
comment, the Amended Schedule TO provides that all references to the Expiration Date are amended to an expiration date of 12:00 a.m.,
New York City time, on Friday, July 18, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><U>Offer to Purchase - Summary Term Sheet, page
1</U></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD>We note your question and answer at the bottom of page 3 indicating that payment for tendered securities may be made no later than
seven business days after the expiration date. Rule 14e-1(c) requires payment to be made promptly after expiration of the offer. We do
not believe the timing of your payment conforms to the requirements of the rule. Please revise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><U>Response</U>: In response to the staff&rsquo;s
comment, the Amended Schedule TO amends the Offer to Purchase/Exchange to provide that the Tender Option consideration or Exchange Option
consideration will be delivered promptly following the Expiration Date, which in no event will be later than three business days after
the Expiration Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Offer to Purchase - Terms of the Tender/Exchange Offer, page
41</U></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD>We note your disclosure in the last paragraph of page 41 relating to the acceptance of securities tendered prior to the Early Tender
Date; please tell us, with a view toward revised disclosure, what are the &ldquo;certain adjustments&rdquo; referenced in your disclosure.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><U>Response</U>: In response to the staff&rsquo;s
comment, the Amended Schedule TO amends the Offer to Purchase/Exchange to remove the applicable references to &ldquo;certain adjustments.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Offer to Purchase - Amendment; Extension, page 43</U></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD>With a view toward revised disclosure, please explain to us the meaning of the last sentence of the first paragraph of this section.
Please refer to Rule 14e-1.</TD></TR></TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><U>Response</U>: The Company respectfully advises
the staff that the referenced sentence is intended to explain that, if an amendment is made to the Tender/Exchange Offer, any Old Notes
previously tendered but not accepted by the Company for purchase or exchange, and not validly withdrawn by the holders thereof after
such holders were afforded sufficient opportunity to withdraw following such amendment, will remain subject to the Tender/Exchange Offer
and may be accepted by us thereafter for purchase or exchange, as applicable. The Amended Schedule TO amends the Offer to Purchase/Exchange
to clarify this understanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Offer to Purchase - Conditions of the Tender/Exchange Offer,
page 52</U></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD>Refer to the first paragraph of this section. We note the disclosure that you may assert a condition &ldquo;regardless of the circumstances...&rdquo;
A tender offer may be conditioned on a variety of events and circumstances, provided that they are not within the direct or indirect control
of the bidder, and are drafted with sufficient specificity to allow for objective verification that the conditions have been satisfied.
With this in mind, revise the referenced language to clarify that your actions or inactions may not trigger a condition.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><U>Response</U>: In response to the staff&rsquo;s
comment, the Amended Schedule TO amends the referenced language to clarify that the Company&rsquo;s actions or inactions may not trigger
a condition.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.</TD><TD>Refer to the disclosure in the last paragraph of this section relating to your failure to exercise any of the rights described in
this section. This language indicates that once an offer condition is triggered, you may assert it at any time and from time to time before
the expiration date. Note that when a condition is triggered and you decide to proceed with the offer anyway, we believe that this constitutes
a waiver of the triggered condition(s). Depending on the materiality of the waived condition and the number of days remaining in the offer,
you may be required to extend the offer and recirculate new disclosure to security holders. You may not, as this language seems to imply,
simply fail to assert a triggered offer condition and thus effectively waive it without officially doing so. Please confirm your understanding
supplementally.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><U>Response</U>: The Company hereby confirms
its understanding that when a condition is triggered and the Company decides to proceed with the offer anyway, this constitutes a waiver
of the triggered condition. The Company also hereby confirms its understanding that depending on the materiality of the waived condition
and the number of days remaining in the offer, the Company may be required to extend the offer and recirculate new disclosure to security
holders. The Company also hereby confirms its understanding that they may not fail to assert a triggered offer condition and, thus, effectively
waive it without officially doing so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Additionally, the Company acknowledges that the Commission cannot accelerate
effectiveness of the Company&rsquo;s Form T-3 (File No. 022-29127) until all comments from the Commission relating to the Schedule TO
have been resolved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Kindly address any comments or questions that
you may have concerning this letter or the Amended Schedule TO to me at (212) 451-2327 or KSilverman@olshanlaw.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3.5in">Sincerely,<BR>
<BR>
/s/ Kenneth M. Silverman<BR>
<BR>
Kenneth M. Silverman</P>

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