Greenidge Generation Holdings Inc. appointed David Anderson to the position of board of director and Scott MacKenzie to the position of chief strategy officer, each effective starting October 8, 2022. Anderson and MacKenzie will receive an equity award that aligns Messrs. Anderson and MacKenzie with the company's stockholders by making a meaningful portion of their compensation tied to the upward trajectory of the company's stock price.

These grants are made in accordance with Nasdaq Listing Rules. The company also announced the mutual agreement between the company and Jeffrey Kirt, the company's current CEO, that Mr. Kirt will resign from his roles as Director, effective as of the end of the day October 7, 2022. Mr. Kirt will remain a consultant to the company during a transition period and continue in his role as a senior advisor to Atlas Holdings LLC.

David Anderson is a well-respected business leader with a demonstrated track record of business growth and value generation. Since January 2020, Mr. Anderson has served as the President and Chief Executive Officer of Millar Western Forest Products, a privately held, integrated forest products company based in Alberta, Canada. Prior to being appointed President and CEO of Millar Western, Mr. Anderson spent 14 years with Millar Western in various roles, including as its Chief Operating Officer and Chief Financial Officer, during which time he garnered extensive experience in all aspects of the business, from product marketing and development through finance to the executive management of operations.

Mr. Anderson also serves as a member of Millar Western's board of directors. Mr. Anderson earned a Bachelor of Science in Forestry and a Master of Business Administration from the University of Alberta and has been a CFA charterholder since 2016. Scott MacKenzie Scott MacKenzie is an experienced leader with extensive mergers and acquisitions, business development and strategic planning experience.

Mr. Mackenzie has served as the Vice President, Corporate Development for Millar Western since June 2019. From June 2016 to June 2019, Mr. MacKenzie was the Director, Corporate Development and Strategic Planning at Stuart Olson Inc., one of the largest construction services companies in Canada. Prior to joining Stuart Olson, Mr. MacKenzie held various senior management roles with the ATCO Group, an engineering and logistics company listed on the Toronto Stock Exchange.

Mr. MacKenzie earned a Bachelor of Engineering from Lakehead University and a Master of Business Administration with a focus in finance and international business from the University of Alberta. Grant of Employment Inducement Awards As an inducement for Messrs. Anderson and MacKenzie to enter into employment with the company, in accordance with Nasdaq Listing Rule 5635(c)(4), the company's Compensation Committee approved grants of stock options ("Options") to each of Messrs.

Anderson and MacKenzie. The Options granted to Mr. Anderson are exercisable for 1,852,812 shares of the company's Class A common stock ("Shares") and the Options granted to Mr. MacKenzie are exercisable for 1,224,030 Shares. The options will be granted on October 10, 2022 and will have an exercise price equal to the closing price of a Share on the grant date.