Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facility. The company was incorporated in 2021 and is headquartered in New York, New York. Stronghold Digital Mining, Inc. operates as a subsidiary of QPower, Inc.
IPO Year: 2021
Exchange: NASDAQ
Website: strongholddigitalmining.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/18/2022 | $11.00 → $2.25 | Outperform → Market Perform | Cowen |
| 3/8/2022 | $35.00 → $41.00 | Buy | Compass Point |
| 1/5/2022 | $22.00 | Outperform | Cowen & Co. |
| 11/23/2021 | $35.00 | Buy | Compass Point |
| 11/15/2021 | $35.00 | Outperform | Northland Capital Markets |
| 11/15/2021 | $63.00 | Buy | B. Riley Securities |
- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved- This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec , Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF) ("Bitfarms" or, the "Company"), a global leader in vertically integrated Bitcoin data center operations, today announced the results of its special meeting (the "Special Meeting") of shareholders
NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced the following: Recent Financial Highlights Revenues of $11.2 million, down 42% sequentially and 37% year-over-year. Revenues comprised $10.6 million from cryptocurrency operations and $0.5 million from the sale of energy.GAAP Net Loss of $22.7 million and non-GAAP Adjusted EBITDA Loss of $5.5 million. Merger Agreement with Bitfarms On August 21, 2024, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Bitfarms Ltd., a corporation incorporated under the Canada Business Corporations Act and continued u
- Revenue of $45 million, up 8% Q/Q and up 30% Y/Y - - Gross mining margin of 38%, compared to 51% in Q2 2024 and 44% in Q3 2023 - - Current hashrate of 11.9 EH/s, up from 10.4 EH/s in Q2 2024 - - Current efficiency of 21 w/TH, a 16% improvement from June 30, 2024 - - Synthetic HODL increased to 802 at October 31, 2024 from 208 long-dated BTC call options at June 30, 2024, up 286% - This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Nov. 13, 2024
NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, November 13 at 8:30 a.m. Eastern Time to discuss its operations and financial results from the third quarter 2024. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital
- Follows initial 10,000 miner hosting agreement announced in September – - Agreement supports 2.2 EH/s - This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, has, through one of its subsidiaries, entered into a second miner hosting agreement (the "Hosting Agreement") with Stronghold Digital Minin
NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (the "Company") today announced that Chief Financial Officer Matthew Smith will resign from his position, effective November 15, 2024, after the Company files its Quarterly Report on Form 10-Q for the third quarter of 2024. Mr. Smith will also step down from the Company's Board of Directors at that time. Mr. Smith's resignation was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices, including accounting principles and practices. Following his departure, the Company intends to retain Mr. Smith as a consultant to assist with the transition of his re
- Agreement to support 2.2 EH/s with energization expected in October, two months ahead of schedule - - Company reiterates 2024 & 2025 guidance of 21 EH/s & 35+ EH/s, respectively - TORONTO, Ontario and BROSSARD, Québec, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, has entered into a miner hosting agreement (the "Hosting Agreement") with Stronghold Digital Mining Hosting, LLC, a subsidiary of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold") at Stronghold's Panther Creek site in Pennsylvania. Under the terms of the Hosting Agreement, Bitfarms will be a
NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold" or the "Company") today provided the following updates regarding its operations and financial performance: Bitcoin Mining Update Stronghold mined 63 Bitcoin in August 2024 and generated approximately $0.2mm in energy revenue, which represents the equivalent of approximately 4 additional Bitcoin based on the average price of Bitcoin during the month. This equates to production of approximately 67 of Bitcoin equivalents in August 2024, up approximately 2% from the 66 Bitcoin equivalents produced in July 2024. The Company generated an estimated $4 million of revenue during August, a decr
- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan - - Provides Clear Path to 950 MW Active Power Capacity - - Adds 4.0 EH/s to Bitfarms' Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh - - Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity - - Adds 142 MW of PJM Import Capacity with Long Term Expansion Potential up to 790 MW- - Conference Call at 8:30 AM ET to Discuss Transaction - This news release constitutes a "designated news release" for the purposes of Bitfarms' prospectus supplement dated March 8, 2024, to
Continues Formal Review of Strategic Alternatives Pursuing Significant Site Expansion and Evaluating GPU Computing Potential NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the second quarter ended June 30, 2024, and provided additional strategic updates: Second Quarter 2024 Financial Highlights Revenues of $19.1 million, down 30.6% sequentially and up 4.8% year-over-year. Revenues comprised $18.8 million from cryptocurrency operations, $0.2 million from the sale of energy, and $0.1 million from other revenue.GAAP Net Loss of $21.3 million and n
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
10-Q - Stronghold Digital Mining, Inc. (0001856028) (Filer)
8-K - Stronghold Digital Mining, Inc. (0001856028) (Filer)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Filed by)
8-K - Stronghold Digital Mining, Inc. (0001856028) (Filer)
8-K - Stronghold Digital Mining, Inc. (0001856028) (Filer)
144 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
144 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved- This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec , Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF) ("Bitfarms" or, the "Company"), a global leader in vertically integrated Bitcoin data center operations, today announced the results of its special meeting (the "Special Meeting") of shareholders
NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") today announced the appointment of Matthew Smith to the position of chief financial officer, effective April 18, 2022, succeeding Ricardo Larroudé, who is leaving the Company to pursue other business interests. He will remain with Stronghold through May 15, 2022 to ensure a seamless transition. Mr. Larroudé's departure does not relate to any disagreements between him and the Company relating to any financial reporting, accounting principles or practices of Stronghold. The Company thanks Mr. Larroudé for his devotion to, and services on behalf of, the Company, as he wa
NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced the following: Recent Financial Highlights Revenues of $11.2 million, down 42% sequentially and 37% year-over-year. Revenues comprised $10.6 million from cryptocurrency operations and $0.5 million from the sale of energy.GAAP Net Loss of $22.7 million and non-GAAP Adjusted EBITDA Loss of $5.5 million. Merger Agreement with Bitfarms On August 21, 2024, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Bitfarms Ltd., a corporation incorporated under the Canada Business Corporations Act and continued u
- Revenue of $45 million, up 8% Q/Q and up 30% Y/Y - - Gross mining margin of 38%, compared to 51% in Q2 2024 and 44% in Q3 2023 - - Current hashrate of 11.9 EH/s, up from 10.4 EH/s in Q2 2024 - - Current efficiency of 21 w/TH, a 16% improvement from June 30, 2024 - - Synthetic HODL increased to 802 at October 31, 2024 from 208 long-dated BTC call options at June 30, 2024, up 286% - This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Nov. 13, 2024
NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, November 13 at 8:30 a.m. Eastern Time to discuss its operations and financial results from the third quarter 2024. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital
- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan - - Provides Clear Path to 950 MW Active Power Capacity - - Adds 4.0 EH/s to Bitfarms' Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh - - Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity - - Adds 142 MW of PJM Import Capacity with Long Term Expansion Potential up to 790 MW- - Conference Call at 8:30 AM ET to Discuss Transaction - This news release constitutes a "designated news release" for the purposes of Bitfarms' prospectus supplement dated March 8, 2024, to
Continues Formal Review of Strategic Alternatives Pursuing Significant Site Expansion and Evaluating GPU Computing Potential NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the second quarter ended June 30, 2024, and provided additional strategic updates: Second Quarter 2024 Financial Highlights Revenues of $19.1 million, down 30.6% sequentially and up 4.8% year-over-year. Revenues comprised $18.8 million from cryptocurrency operations, $0.2 million from the sale of energy, and $0.1 million from other revenue.GAAP Net Loss of $21.3 million and n
NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, August 14 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the second quarter 2024. A press release detailing these results will be issued before the market opens on the same day. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital Mining Second Quarter 2024 Earnings Call. After registering, an email will be sent, including dial-in detai
NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the first quarter of 2024 and provided other strategic updates: Recent Financial Highlights The Company generated revenues of $27.5 million during the first quarter of 2024, up 27% sequentially and 59% year-over-year. Revenues comprised $26.7 million from cryptocurrency operations, $0.7 million from the sale of energy, and $0.1 million from other activities.First quarter 2024 fixed costs were down 3% sequentially and 11% year-over-year, demonstrating Stronghold's operating leverage and cost controls. Fixed co
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") today reported preliminary unaudited financial results for the first quarter ended March 31, 2024: First Quarter 2024 Financial Performance Stronghold generated an estimated $27.5 million of revenue, an estimated $5.8 million of GAAP Net Income, and an estimated $8.7 million of adjusted EBITDA1 during the first quarter of 2024. Revenue comprised an estimated $26.7 million from cryptocurrency mining, an estimated $0.7 million from the sale of energy, and an estimated $0.1 million of other revenue during the quarter. The period featured two extremes: improving Bitcoin
NEW YORK, March 06, 2024 (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 2023 and provided an operational update: Recent Operational and Financial Highlights Achieved ~3.8 EH/s of actual hash rate on installed hash rate capacity of 4.1 EH/s, following the installation of 5,000 recently purchased Bitcoin miners. The Company has less than $1mm of outstanding capital commitments for miners heading into the April 2024 halving.Current energized slots in existing Stronghold data centers have the capacity to support over 7 EH/s of hash rate. Stronghold
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, March 6 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the fourth quarter and full year 2023. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital
SC 13G/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13G/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13G/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13D/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13G - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13G/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13G/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13G/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13D/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
SC 13G/A - Stronghold Digital Mining, Inc. (0001856028) (Subject)
Cowen downgraded Stronghold Digital Mining from Outperform to Market Perform and set a new price target of $2.25 from $11.00 previously
Compass Point reiterated coverage of Stronghold Digital Mining with a rating of Buy and set a new price target of $41.00 from $35.00 previously
Cowen & Co. initiated coverage of Stronghold Digital Mining with a rating of Outperform and set a new price target of $22.00
Compass Point initiated coverage of Stronghold Digital Mining with a rating of Buy and set a new price target of $35.00
Northland Capital Markets initiated coverage of Stronghold Digital Mining with a rating of Outperform and set a new price target of $35.00
B. Riley Securities initiated coverage of Stronghold Digital Mining with a rating of Buy and set a new price target of $63.00
Shares of Tellurian Inc. (NASDAQ:TELL) rose sharply in today's pre-market trading after Woodside Energy announced plans to acquire the company for $900 million in all-cash deal. The implied enterprise value is around $1,200 million. Tellurian shares jumped 65% to $0.9422 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Netcapital Inc. (NASDAQ:NCPL) rose 43.8% to $0.1495 in pre-market trading after jumping more than 12% on Friday. Netcapital, last week, announced the launch of the beta version of its secondary trading platform. Serve Robotics Inc. (NASDAQ:SERV) gained 36.8% to $10.33 in pre-market trading. Serve Robotics shares jumped
B. Riley Securities analyst Lucas Pipes maintains Stronghold Digital Mining (NASDAQ:SDIG) with a Neutral and lowers the price target from $6 to $5.
Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold" or the "Company") today provided the following updates regarding its operations and financial performance: Bitcoin Mining UpdateStronghold mined 82 Bitcoin in May 2024 and the Company generated an estimated $5.2 million of revenue during May, a decrease of 46% compared to April 2024. The primary driver of the decline was due to the first full month of post-halving operations. Average hash price in May was $0.052 per TH/s per day compared to $0.095 in April, largely due to the halving of Bitcoin block awards from 6.250 to 3.125, a slight decline in Bitcoin price of 0.8%, lower transaction fees averaging 7.4% in May compared to 25.3%
Gainers Focus Universal (NASDAQ:FCUV) shares rose 11.8% to $0.26 during Friday's after-market session. The company's market cap stands at $16.8 million. CISO Global (NASDAQ:CISO) shares increased by 10.16% to $0.8. The market value of their outstanding shares is at $9.8 million. Verb Tech (NASDAQ:VERB) shares rose 9.11% to $0.18. The market value of their outstanding shares is at $18.7 million. Autodesk (NASDAQ:ADSK) stock increased by 8.12% to $217.99. The company's market cap stands at $46.6 billion. Inuvo (AMEX:INUV) shares moved upwards by 4.31% to $0.27. The company's market cap stands at $37.2 million. Stronghold Digital Mining (NASDAQ:SDIG) shares moved upwards by 3.52% to $2.94
Gainers Verb Tech (NASDAQ:VERB) shares moved upwards by 14.7% to $0.16 during Friday's after-market session. The company's market cap stands at $13.0 million. Infobird Co (NASDAQ:IFBD) stock increased by 9.28% to $4.0. The market value of their outstanding shares is at $5.3 million. Stronghold Digital Mining (NASDAQ:SDIG) shares increased by 7.01% to $2.9. The company's market cap stands at $37.5 million. Banzai International (NASDAQ:BNZI) stock increased by 6.69% to $0.33. The market value of their outstanding shares is at $6.7 million. As per the press release, Q1 earnings came out 2 days ago. Nano Labs (NASDAQ:NA) shares moved upwards by 5.52% to $0.64. The company's market cap stand
Gainers Akoustis Technologies (NASDAQ:AKTS) shares moved upwards by 10.9% to $0.63 during Friday's after-market session. The company's market cap stands at $62.1 million. Ascent Solar Technologies (NASDAQ:ASTI) stock increased by 4.83% to $0.1. The market value of their outstanding shares is at $2.1 million. CISO Global (NASDAQ:CISO) stock moved upwards by 4.12% to $0.91. The company's market cap stands at $11.0 million. Cyngn (NASDAQ:CYN) shares rose 3.83% to $0.08. The company's market cap stands at $8.5 million. The company's, Q1 earnings came out 2 days ago. Rackspace Tech (NASDAQ:RXT) shares moved upwards by 3.55% to $2.04. The company's market cap stands at $456.1 million. The com
Gainers Baijiayun Group (NASDAQ:RTC) stock moved upwards by 14.8% to $1.55 during Friday's after-market session. The company's market cap stands at $135.9 million. Wrap Technologies (NASDAQ:WRAP) shares increased by 5.6% to $1.78. The company's market cap stands at $78.9 million. Sonim Technologies (NASDAQ:SONM) stock increased by 5.36% to $0.57. The company's market cap stands at $24.6 million. Wetouch Technology (NASDAQ:WETH) stock moved upwards by 5.15% to $1.64. The company's market cap stands at $19.5 million. Evolv Technologies (NASDAQ:EVLV) stock moved upwards by 4.89% to $4.07. The company's market cap stands at $633.2 million. Presto Automation (NASDAQ:PRST) stock moved upward
Stronghold Digital Mining (NASDAQ:SDIG) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $(0.22) by 259.09 percent. This is a 250 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $27.52 million which missed the analyst consensus estimate of $29.01 million by 5.13 percent. This is a 59.40 percent increase over sales of $17.27 million the same period last year.