Stronghold Digital Mining reported Q2’22 earnings on August 16, 2022
$SDIG currently trades at $1.40 / share, down ~93% from its IPO price of $19.00 / share
Reported $29mm quarterly revenue, ($40mm) net loss and ($1mm) Adj. EBITDA for the three months ended June 30, 2022
Mined a reported 637 BTC through the three months Q2’22 with a total YTD amount of 1,075 BTC mined from January 1, 2022 to June 30, 2022
Eliminated $67.4mm outstanding equipment financing with NYDIG
Restructured equipment financing agreement with WhiteHawk Finance
Reduced May 16, 2022 Convertible Notes & Warrants by $11.3mm in a restructuring
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Commentary on Stronghold Digital Mining’s Q2’22 Earnings
August 30, 2022, 5:09PM EDT
• 2 min read
Quick Take
Source: https://www.theblockresearch.com/commentary-on-stronghold-digital-minings-q222-earnings-166351?utm_source=rss&utm_medium=rss