Greenidge Generation stock poped 33% in morning trading.
While not an original meme stock, Greenridge Generation is included because it recentlyclosed its merger with Support.com, a relative newcomer to the meme trade. As the name suggests, the latter is a big player in the customer support sector.
Its meme status may surprise investors — what would retail investors want to do with a customer support company?
The reasons come down to its now-closed merger with Greenridge Generation, a Bitcoin mining company. If you think crypto miners and meme stock investors go together, you’re right.
Indeed, this merger provides investors with a leveraged way to invest in crypto. The company’s combined operations and ambitious growth plans have encouraged speculators of all stripes to consider this stock. Accordingly, Support.com somewhat quietly gained popularity prior to the merger.
Given the hype around the crypto space of late, I expect to see momentum with GREE stock.Investors looking for meme stocks that could run certainly have reason to consider this one right now.
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