Stronghold Digital Mining

Stronghold Digital Mining, Inc. engages in crypto asset mining. It is a vertically integrated company focused on mining bitcoin. It wholly-owns and operates Scubgrass Plant, an environmentally beneficial coal refuse power generation facility. The company was founded by Gregory A. Beard and William B. Spence on March 19, 2021 and is headquartered in New York, NY.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Stronghold Digital Mining reports revenue growth amidst merger plans

Stronghold Digital Mining's Q3 2024 performance showcased revenue growth but was overshadowed by substantial net losses. The pending merger with Bitfarms and operational enhancements signal a strategic shift towards scalability and efficiency. While facing financial challenges, the company has opportunities to leverage the merger for improved profitability and market competitiveness.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Stronghold Digital Mining, Inc. is a vertically integrated crypto asset mining company, which engages in mining Bitcoin. It operates the Energy Operations and Cryptocurrency Operations segments. The company was founded by Gregory Allan Beard and William B. Spence on March 19, 2021 and is headquartered in New York, NY.

Marathon Digital Holdings

Riot Blockchain

This year's cryptocurrency rally is no fluke. It wasn't a memorable 2022 for cryptocurrencies, but the picture has dramatically changed this year, courtesy of the traditional currency market and favorable macroeconomic factors, including easing inflation.

3 Crypto Stocks to Gain as Bitcoin Poised for 2H Rally

NEW YORK, July 05, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today provided the following operational update:

Stronghold Digital Mining Provides June 2023 Bitcoin Mining Update

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today provided an operational update on its Bitcoin mining operations:

Stronghold Digital Mining Reaches Hash Rate Milestone of 3.0 EH/s

NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) announced today that it will effect a 1-for-10 reverse stock split (“Reverse Split”) of its Class A common stock, par value $0.0001 per share (“Class A Common Stock”), and Class V common stock, par value $0.0001 per share (“Class V Common Stock” and, together with the Class A Common Stock, the “Common Stock”), that will become effective on May 15, 2023, at 5:00 p.m., Eastern Time (the “Effective Time”). Stronghold's Class A Common Stock will continue to trade on The Nasdaq Global Market (“Nasdaq”) under the symbol “SDIG” and will begin trading on a split-adjusted basis when the market opens on May 16, 2023. The new CUSIP number for the Class A Common Stock following the Reverse Split will be 86337R 202.

Stronghold Digital Mining Announces Reverse Stock Split

Stronghold Digital Mining, Inc. (NASDAQ:SDIG ) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Alex Kovtun - IR Greg Beard - Chairman and CEO Matt Smith - CFO Conference Call Participants Chase White - Compass Point Research Lucas Pipes - B. Riley Securities Operator Good morning, and welcome to Stronghold Digital's Mining Conference Call for the First Quarter ended March 31, 2023.

Stronghold Digital Mining, Inc. (SDIG) Q1 2023 Earnings Call Transcript

Stronghold Digital Mining, Inc. (SDIG) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.10 per share a year ago.

Stronghold Digital Mining, Inc. (SDIG) Reports Q1 Loss, Misses Revenue Estimates

Stronghold Digital Mining, Inc. (SDIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Stronghold Digital Mining, Inc. (SDIG) Q1 Earnings Expected to Decline

Stronghold Digital Mining, Inc. (SDIG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Stronghold Digital Mining, Inc. (SDIG) Is a Great 'Buy the Bottom' Stock Now

NEW YORK, April 28, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) will host a conference call on Thursday, May 11 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the first quarter ended March 31, 2023. A press release detailing these results will be issued before the market opens on the same day.

Stronghold Digital Mining Sets First Quarter 2023 Earnings Conference Call for Thursday, May 11 at 11:00 a.m. Eastern Time

Stronghold Digital Mining, Inc. (SDIG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Stronghold Digital Mining, Inc. (SDIG) Upgraded to Strong Buy: What Does It Mean for the Stock?

Stronghold Digital Mining, Inc. (SDIG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Stronghold Digital Mining, Inc. (SDIG) Is Still Trading at a Bargain

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) today announced that it closed the previously announced securities purchase agreements with an institutional investor and the Company's chairman and chief executive officer, Greg Beard (collectively the “Purchasers”), and sold 9,000,000 shares of Class A Common Stock and share equivalents to the institutional investor and 1,000,000 shares of Class A Common Stock to Mr. Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”). The Company also issued to the Purchasers warrants to purchase an aggregate of 10,000,000 shares of Class A Common Stock, with an initial exercise price of $1.10 per share (subject to adjustments), and such warrants are not exercisable until six months after issuance. In addition, the exercise price for the 5,602,409 warrants previously issued to the Purchasers on September 19, 2022, will be adjusted from $1.75 per share to $1.01 per share.

Stronghold Digital Mining Closes $10 Million Private Placement and Announces Addition of 600 PH/s through the Purchase of 5,000 MicroBT Whatsminer M50 Bitcoin Miners

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) today announced that it has entered into securities purchase agreements with an institutional investor and the Company's chairman and chief executive officer, Greg Beard (collectively the “Purchasers”), to sell 9,000,000 shares of Class A Common Stock and share equivalents to the institutional investor and 1,000,000 shares of Class A Common Stock to Mr. Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”). The Company will also issue to the Purchasers warrants to purchase an aggregate of 10,000,000 shares of Class A Common Stock, with an initial exercise price of $1.10 per share (subject to adjustments), and such warrants will not be exercisable until six months after issuance.

Stronghold Digital Mining Announces $10 Million Private Placement to Fund Purchase of Bitcoin Miners

Stronghold Digital Mining, Inc. (NASDAQ:SDIG ) Q4 2022 Earnings Conference Call March 29, 2023 11:00 AM ET Company Participants Alex Kovtun - Investor Relations Greg Beard - Co-Chair and Chief Executive Officer Matt Smith - Chief Financial Officer Conference Call Participants Chase White - Compass Point Research & Trading LLC Chris Brendler - D.A. Davidson Kevin Dede - H.C.

Stronghold Digital Mining, Inc. (SDIG) Q4 2022 Earnings Call Transcript

NEW YORK, March 29, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the fourth quarter and full year 2022 and provided an operational update.

Stronghold Digital Mining Reports Fourth Quarter and Full Year 2022 Results and Provides Operational Update

Earnings Preview: Stronghold Digital Mining, Inc. (SDIG) Q4 Earnings Expected to Decline

NEW YORK, March 22, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) provided the following updates regarding its operations and financial performance:

Stronghold Announces Fourth Quarter 2022 Operations and Financial Update and Provides Updates on Key Business Initiatives

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) will host a conference call on Wednesday, March 29 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the fourth quarter and full year 2022. A press release detailing these results will be issued before the market opens on the same day.

Stronghold Digital Mining Sets Fourth Quarter and Full Year 2022 Earnings Conference Call for Wednesday, March 29 at 11:00 a.m. Eastern Time

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) today announced that it, its affiliate, Stronghold Digital Mining Holdings, LLC (“Borrower”), and each subsidiary of Borrower have entered into an agreement (the “Amended Credit Agreement”) to substantially amend its credit agreement dated October 27, 2022 (the “Original Credit Agreement”) with Whitehawk Finance LLC and/or its affiliates or designees and the other lenders from time to time party hereto (collectively, the “Lenders”) and Whitehawk Capital Partners LP as collateral agent for the Lenders and as administrative agent for the Lenders. Separately, the Company entered into a new two-year hosting agreement with Foundry Digital LLC (“Foundry”), replacing its previously announced temporary hosting agreement.

Stronghold Digital Mining Strengthens Financial Position through Credit Agreement Amendment and Two-Year Foundry Hosting Agreement

Nikola

Sky Harbour Group Corp

In 2023, the stock market may be turbulent. With the profitability of many companies falling,  the stock market may decline further, continuing last year's rout.

3 Short-Squeeze Stocks Set for a January Rally

The search for high-growth stocks with the ability to outperform is on. Risk-on sentiment is thriving once again in the market, with the start of 2023 looking much different than last year.

3 Stocks Set to Soar When the Bears Get Short-Squeezed

Stronghold Digital Mining, Inc. (NASDAQ:SDIG ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Jeff Grampp - Gateway Group, Inc. Investor Relations Greg Beard - Co-Chairman & Chief Executive Officer Matt Smith - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Jacob Roberts - Tudor, Pickering, Holt Chris Brendler - D.A.

Stronghold Digital Mining, Inc. (SDIG) Q3 2022 Earnings Call Transcript

NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (Nasdaq: SDIG) (“Stronghold,” or the “Company”) today reported financial results for its third quarter ended September 30, 2022 and provided an operational update.

Stronghold Digital Mining Reports Third Quarter 2022 Results and Provides Operational Update and Initial 2023 Guidance

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) will host a conference call on Wednesday, November 9 at 5:00 p.m. Eastern Time to discuss its operations and financial results from the third quarter ended September 30, 2022. A press release detailing these results will be issued after the close of trading on the same day.

Stronghold Digital Mining Sets Third Quarter 2022 Earnings Conference Call for Wednesday, November 9 at 5:00 p.m. Eastern Time

NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) today announced (i) the extinguishment of the final approximately $2.1 million of the total of approximately $67 million of principal amount of debt outstanding with NYDIG ABL LLC (“NYDIG”) and The Provident Bank (“BankProv”) and (ii) the closing of its previously announced WhiteHawk restructuring and credit facility that resulted in $23 million of additional borrowing capacity. The Company believes these moves are important steps in Stronghold's plan to improve profitability and liquidity and to reduce leverage despite low Bitcoin prices.

News for Stronghold Digital Mining Stock (SDIG)