After a rocky 2022, bitcoin miners could be in for a lucrative year, at least if past market cycle patterns repeat. The largest cryptocurrency posted a 64% loss last year, coupled with skyrocket...
Tag: Stronghold Digital Mining
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 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...
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...