Hedge fund Armistice Capital took a 9.9% beneficial ownership stake in bitcoin miner Stronghold Digital Mining, according to a filing. The fund had an existing stake in the company, but it̵...
Tag: Stronghold
Bitcoin miner Stronghold pushes back debt payments on $54.9 million loan
Bitcoin miner Stronghold restructured its $54.9 million loan with WhiteHawk Finance and signed a two-year hosting deal with Foundry. The miner was able to push back any mandatory principal amort...
Stronghold Digital Mining files share sale prospectus as it seeks to preserve cash
Stronghold Digital Mining filed a prospectus to sell up to 10 million Class A shares as part of its efforts to preserve cash. The offering consists of 2.27 million shares of Class A common stock...
Bitcoin Miner Stronghold Moves To Erase $18M in Debt as CEO’s Shares Plummet
Stronghold Digital Mining is looking to free up its cash flows on the heels of its chief executive buying about $1 million of stock that has since sunk by about 75%. The bitcoins the company min...
Stronghold Digital Mining Swaps Debt for Preferred Stock
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Stronghold Digital to Reduce Principal Debt by $18 Million
Stronghold Digital Mining disclosed its intent to extinguish $17.9 million of principal debt by converting Notes to equity. According to an SEC filing, Stronghold will extinguish amended notes worth $...
Stronghold Digital to restructure $18M debt with convertible preferred shares
Stronghold Digital Mining announced on Jan. 3 that it has reached an agreement with its noteholders to restructure $17.9 million of outstanding debt. Notes are like an IOU from a borrower to a lender ...
Bitcoin miner Stronghold to convert $17.9 million of debt into equity
Bitcoin miner Stronghold reached an agreement with noteholders that will see $17.9 million of debt be turned into equity. The notes will be extinguished in exchange for a new series of convertib...
The Block: Bitcoin mining stock report: Thursday, November 10
Most bitcoin mining stocks tracked by The Block traded up on Thursday. Bitcoin was trading at about $17,687 around market close, according to data from TradingView. BTCUSD chart by ...
Stronghold Digital Mining misses analyst estimates with $49.6 million Q3 loss
Stronghold Digital Mining reported a net loss of $49.6 million in the third quarter, which badly missed analyst estimates. The results, its first since announcing a series of debt restructuring...
GOP Scores Massive Midterm Election Wins In Once-Democratic Stronghold
Topline Republicans’ hopes to win Florida’s most populous county were realized Tuesday, as both Gov. Ron DeSantis (R) and Sen. Marco Rubio (R) cruised to victory in Miami-Dade en route to statew...
Bitcoin Miner Stronghold Digital Completes Debt Restructuring
“We are executing on the strategy we outlined during our second-quarter earnings announcement in August – to rapidly delever our balance sheet and enhance liquidity, and we are actively pursuing...
Bitcoin Miner Stronghold Digital Terminated a Hosting Deal Slashing Debt by 60%
The post Bitcoin Miner Stronghold Digital Terminated a Hosting Deal Slashing Debt by 60% appeared first on Coinpedia Fintech News Stronghold Digital Mining (SDIG) has terminated a hosting agreement wi...
Bitcoin Miner Stronghold Digital Bolsters Balance Sheet by Cutting Costs, Slashing Debt by More Than 60%
The end of Stronghold’s deal with Northern Data will eliminate all profit sharing obligations, which it estimates would have been $10 million-$25 million (depending on the price of bitcoin) unti...
Binance Strengthens Stronghold In Kazakhstan Amid Massive Crypto Adoption
The world’s largest crypto exchange Binance further strengthens its position in Kazakhstan after receiving a permanent license from the AIFC Financial Services Authority (AFSA) on Thursday. The licens...
Stronghold Digital Forced to Sell Many Mining Rigs
The world of bitcoin mining has taken some serious blows, and it doesn’t look like the space is going to be recovering anytime soon. With prices falling to such drastic lows, it appears that many mine...
What did the policymakers ask the Miners Core, Scientific, Riot, and Stronghold?
The house committee on energy and commerce sent a letter to the four biggest crypto mining operations. The letter asked the companies to answer certain questions. The House Committee of Energy and Com...
What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?
The four biggest US-based mining operations – Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining – got a letter from the House Committee On Energy and Commerce....
Stronghold Gives Back Rigs to Reduce Debt
Miner agrees with NYDIG, WhiteHawk Capital Stronghold will return around 26,200 Bitcoin mining machines The Miner is likewise rebuilding a convertible note for cash Bitcoin excavator Stronghold Digita...
Bitcoin Miner Stronghold Returns 26,200 Mining Rigs to NYDIG to Clear $67M Debt
Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significant...
Bitcoin Miner Stronghold Digital Significantly Restructures Debt
“Collectively, the NYDIG, WhiteHawk, and Convertible Notes and Warrants restructurings (i) reduce principal amount outstanding by approximately $79 million (approximately 55% of total principal ...
Stronghold Digital Mining pushes back Q2 earnings due to ‘significant announcement’
Stronghold Digital Mining pushed back its second-quarter earnings conference call from this afternoon to August 15, the company said on Thursday in a press release. It is now the second mining company...
Thetanuts Launches Stronghold Vaults to Offer Users Non-Inflationary Yields & More – crypto.news
Thetanuts Finance has announced the launch of its Stronghold index vault to offer decentralized finance (DeFi) market participants non-inflationary return opportunities, better risk management, and mo...
Thetanuts Finance Launches Stronghold Vaults With Organic Yield Generation & Risk Diversification
Panama City, Panama / June 7th, 2022 / Thetanuts Finance, a structured DeFi platform that simplifies the process of options trading, today announced the launch of the Thetanuts Stronghold index vault,...
Thetanuts Finance Launches Stronghold Index Vault, Offering Non-inflationary Returns and Risk Management
An index vault that provides non-inflationary returns and risk management has been launched by the ThetaNuts Finance platform that streamlines the process of options trading. The launch of the ThetaNu...
Thetanuts Finance launches Stronghold index vault
Thetanuts Finance, a DeFi platform that makes options trading simple, has launched a new product that offers a simpler user experience, high risk management, and sustainable returns – the Thetanuts St...
Stronghold Mining Posts Q1 Results Amid Scrutiny of Coal-Fired Mining
Pennsylvania-based Stronghold Digital Mining has reported first-quarter revenues of $28.7 million amid increased scrutiny on resurrecting fossil fuel plants for mining operations. Stronghold, which us...
Stronghold Digital Beats Q1 Revenue Estimates, but Misses on Earnings
“Stronghold believes its liquidity position, combined with expected operating cash flow, will be sufficient to meet all existing commitments and fund operations,” the company said in a statement. “The...
Commentary on Stronghold Digital Mining’s Q2’22 Earnings
August 30, 2022, 5:09PM EDT • 2 min read Quick Take 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 $19.0...