Motley Fool

Why Stock Rocketed Higher Today

Shares of (NASDAQ: SPRT) surged higher on Thursday, climbing as much as 43.2% earlier in the session, ultimately ending the trading day up 41.1%. The company, which provides technical support services and cloud-based software, has been on fire all week — gaining more than 150% — on the receiving end of an epic short squeeze and a benefit from a cryptocurrency connection. With the ongoing adoption of digital currencies and the growing awareness of the negative environmental impact of cryptocurrency mining that relies on fossil fuels, Greenidge is positioning itself as a planet-friendly alternative.


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