3 Bitcoin Mining Stocks to Watch After the April Halving [Yahoo! Finance]
Stronghold Digital Mining, Inc. (SDIG)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
It is of paramount importance to understand what Bitcoin halving translates into. Since Bitcoin “miners” validate and record the transactions, they receive both a block reward from the Bitcoin network and transaction fees from the retail consumer making the transaction. Bitcoin halving reduces the former by half, with a target to restrict the entire global circulation of Bitcoins at 21 million. Thus, demand for new Bitcoins rises, thereby pulling the price up. However, analysts are also of the view that because of its non-sudden and planned nature (a halving event happens every four years), it is priced in and is not a disruption. Miners resort to selling to improve their cashflows and sending large amounts of BTC to exchanges as part of the de-risking strategy. While the Bitcoin market is currently overbought and the price of the benchmark crypto is holding steady at the current juncture, over the next few months, it may shoot up. ViaBTC, a mining pool that mined the first block
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SDIG
News
- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Stronghold Digital's Shares Jump With Bitcoin Miner Mulling Sale [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Stronghold Announces First Quarter 2024 Operating and Financial Results [Yahoo! Finance]Yahoo! Finance
- Stronghold Announces First Quarter 2024 Operating and Financial ResultsGlobeNewswire
- Stronghold Announces Preliminary First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
SDIG
Earnings
- 5/2/24 - Beat
SDIG
Sec Filings
- 5/7/24 - Form 4
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- SDIG's page on the SEC website