Stronghold Digital's Shares Jump With Bitcoin Miner Mulling Sale [Financial Post (Toronto, Ontario, Canada)]
Stronghold Digital Mining, Inc. (SDIG)
NASDAQ:AMEX Investor Relations:
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Stronghold Digital Mining Inc. is weighing the sale of the company and other alternatives with competition increasing in the wake of a Bitcoin code update called the “halving” that drastically reduces mining revenue. The Kennerdell, Pennsylvania-based miner, which burns waste coal to generate energy to power the specialized computers used to validate transactions on the blockchain, said in a statement Thursday that the decision is based on what the board considers to be a dislocation in Stronghold's valuation compared with that of its industry peers. Article content Article content Stronghold's shares jumped as much as 15% to $3.56 as of 9:45 a.m. in New York. The stock is still down around 53% this year. The shares traded as high as $332.60 in November 2021. Profit margins have been in decline for the industry as more deep-pocketed miners com
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SDIG
News
- Stronghold Digital Mining First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- 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
SDIG
Earnings
- 5/2/24 - Beat
SDIG
Sec Filings
- 5/15/24 - Form 3
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 4
- SDIG's page on the SEC website