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 |
4 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
3 - Stronghold Digital Mining, Inc. (0001856028) (Issuer)
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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)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
8-K - Stronghold Digital Mining, Inc. (0001856028) (Filer)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
425 - Stronghold Digital Mining, Inc. (0001856028) (Subject)
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, 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
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, July 05, 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 61 Bitcoin in June 2024 and generated approximately $0.1mm in energy revenue, which represents the equivalent of approximately 2 additional Bitcoin based on the average price of Bitcoin during the month. This equates to approximately 63 of Bitcoin-equivalent production in June 2024. The Company generated an estimated $4.0 million of revenue during June, a decrease of 24% compared to May 2024. The primary driver of the revenue decline in June
NEW YORK, June 07, 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 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
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, April 09, 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 179 Bitcoin in March 2024 and generated approximately $0.1 million in energy revenue, which represents the equivalent of approximately one additional Bitcoin based on the average price of Bitcoin during the month. This equates to approximately 180 of Bitcoin-equivalent production in March 2024, up approximately 4% from 173 Bitcoin-equivalent production in February 2024. The Company generated an estimated $11.1 million of revenue durin
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
- 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
NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced the following: Recent Operational and Financial Highlights Stronghold's Beneficial Use Ash Can Capture Carbon Dioxide (CO2). Following four months of extensive testing, third-party lab results indicate that Stronghold's beneficial use ash, a natural byproduct of its mining-waste-to-power process, can capture CO2 from ambient air at a capacity of up to 12% by weight of starting ash. The process results in permanent and stable storage of the CO2.Initial Phase of Carbon Capture Project Underway at the Scrubgrass Plant. Stronghol
NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Tuesday, November 14 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the third quarter ended September 30, 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
NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the quarter ended June 30, 2023, and provided an operational update: Recent Operational and Financial Highlights Accelerated hash rate guidance. We now expect to achieve hash rate capacity of 4 EH/s by September 1, 2023, which is one month earlier than our previous guidance and four months earlier than our guidance provided on March 29, 2023.Procured over 14,000 high-spec Bitcoin miners between April 2023 and July 2023. These miners provide aggregate hash rate capacity of nearly 1.6 E
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
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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%
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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.