Generation Hemp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 04:03 pm
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Generation Hemp, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 25,855 compared to USD 22,500 a year ago. Operating loss was USD 942,086 compared to USD 205,533 a year ago. Net loss was USD 1.152 million compared to USD 260,285 a year ago. Basic loss per share was USD 0.03 compared to USD 0.01 a year ago. For the half year, total revenue was USD 92,965 compared to USD 45,000 a year ago. Operating loss was USD 2.519 million compared to USD 861,784 a year ago. Net loss was USD 2.989 million compared to USD 972,851 a year ago. Basic loss per share was USD 0.11 compared to USD 0.06 a year ago.
Evergreen Sustainable Enterprises, Inc. is a sustainable green energy company. The Company, through its wholly owned subsidiaries, has operations in both the bitcoin mining industry and the hemp industry. Through its bitcoin mining projects, it sources stranded energy in rural areas for bitcoin mining installations. In addition to its hydroelectric powered bitcoin operations in Costa Rica, the Company is in development on several bitcoin mining arrays in rural or remote United States locations. It has two bitcoin mining arrays in development in Arkansas, an eight-megawatt array in south central Arkansas. It also has three bitcoin mining arrays located in Kentucky, a five-megawatt array in Carter County and two additional sites in various stages of development in Greenup County. Its hemp processing operations provide post-harvest and midstream services to growers by drying, processing, cleaning, stripping harvested hemp directly from the field.
EVERGREEN SUSTAINABLE ENTERPRISES, INC. 
