Stronghold Announces Preliminary First Quarter 2024 Results
Stronghold Digital Mining, Inc. (SDIG)
NASDAQ:AMEX Investor Relations:
prnewswire.com/news-releases/stationdigital-offers-investors-mobile-access-to-company-information-through-ios-and-android-investor-relations-app-266774151.html
Company Research
Source: GlobeNewswire
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 mining economics from January through March and depressed PJM power prices to end the winter in January and February. In addition to the improved Bitcoin mining economics experienced during the first quarter, Stronghold’s improved operational execution in the first quarter led to improved hash ra
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SDIG
News
- 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
- 3 Bitcoin Mining Stocks to Watch After the April Halving [Yahoo! Finance]Yahoo! Finance
- Stronghold Announces Preliminary First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
SDIG
Earnings
- 5/2/24 - Beat
SDIG
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/2/24 - Form 8-K
- SDIG's page on the SEC website