At times, the Company receives payments from customers before revenue is recognized, resulting in the recognition of a contract liability presented on the condensed consolidated balance sheets.

Changes in the contract liability balance for the three months ended March 31, 2026 were as follows:


$ in thousands	Contract Liabilities
Balance as of December 31, 2025	$	2,320
Revenue recognized	(366)
Deposits received	960
Balance as of March 31, 2026	$	2,914

The increase in contract liabilities during the three months ended March 31, 2026 is due to prepayments received from the Company’s hosting customer in excess of revenue earned during this period. The decrease in hosting revenue resulted from increased curtailment of the aging hosted miner fleet amid unfavorable hosting economics.

The following table provides additional details of prepaid expenses and other current assets as of March 31, 2026 and December 31, 2025:


$ in thousands	March 31, 2026		December 31, 2025


Prepaid insurance	$	620	$	956


Other	738		586
Total	$	1,358	$	1,542

The following table provides additional details of other long-term assets as of March 31, 2026 and December 31, 2025:


$ in thousands	March 31, 2026		December 31, 2025
Restricted investments - environmental trust	$	1,757	$	1,341
Security deposit	351		351
Other	456		464
Other long-term assets	$	2,564	$	2,156

Greenidge had the following non-cash investing and financing activities:


	Three Months Ended March 31,
$ in thousands	2026		2025

Property and equipment purchases in accounts payable	$	34	$	34
Common stock issued in exchange for reduction in debt	$	—	$	815
Shares issued to settle extension fees and accrued interest for stand-by letters of credit	$	127	$	1,370

The following table provides supplemental cash flow information for cash paid for interest:


	Three Months Ended March 31,
$ in thousands	2026		2025
Cash paid for interest	$	844	$	1,434