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Rhea-AI Summary
Stronghold Digital Mining, Inc. (NASDAQ: SDIG) will host its first-ever Analyst and Investor Day on December 12, 2023, in New York, NY, providing in-depth overviews of its business, growth strategy, and carbon capture initiative. Senior management and industry experts will give presentations. Advanced registration is required for the in-person event, and a webcast will be available for remote viewing.
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2.77%
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Stronghold Digital Mining, Inc. (NASDAQ: SDIG) announced that their beneficial use ash can capture CO2, with lab results indicating a capacity of up to 12% by weight. The company is also working on a carbon capture project and expects 20% sequential growth in hash rate. They have procured 3,135 high-spec Bitcoin miners and signed a managed services agreement to optimize Bitcoin mining operations. Fixed costs were down by 56% and the company generated $17.7 million in revenues during the third quarter of 2023.
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-2.65%
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Stronghold Digital Mining, Inc. will host a conference call on November 14 to discuss its operations and financial results from the third quarter of 2023. The call will be followed by a question-and-answer period. A press release detailing the results will be issued before the market opens on the same day. A live webcast of the call will be available on the Company's Investor Relations website. A replay will be available shortly after the event.
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-3.06%
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Stronghold Digital Mining provides updates on its operations and financial performance, including Bitcoin mining and revenue generation. The company mined 196 Bitcoin in September 2023 and generated $0.2 million in energy revenue. However, an unplanned outage at the Scrubgrass power plant affected operations. The data center resumed full operations after seven days. Hash rate finished the month at approximately 3.5 EH/s, a 15% increase from August. The company plans to cooperate with PJM's import directive to reduce imports for transmission line work. Stronghold expects October Bitcoin production to be in the range of 205 to 215 Bitcoin. They also entered into a Managed Services Agreement with Frontier Mining to optimize data center revenue opportunities.
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Stronghold Digital Mining, Inc. to participate in H.C. Wainwright 25th Annual Global Investment Conference
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-2.14%
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Stronghold Digital Mining, Inc. provides updates on its operations and financial performance. Achieved hash rate capacity of 4 EH/s in late August. Expects considerable increase in hash rate in September and over 20% growth in Q4 2023 compared to Q3 2023. Mined 219 Bitcoin in August, generating $0.5 million in energy revenue. Production of approximately 235 Bitcoin-equivalent in August 2023 compared to 225 in July 2023.
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-0.89%
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Stronghold Digital Mining, Inc. announced financial and operational results for Q2 2023. They expect to achieve hash rate capacity of 4 EH/s by September 1, 2023, one month earlier than previous guidance. They have procured over 14,000 Bitcoin miners and mined 626 Bitcoin in Q2 2023. Revenue was $18.2 million with a net loss of $11.7 million. They have $6.5 million in cash and cash equivalents and $59 million in outstanding debt.
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10.84%
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Stronghold Digital Mining reschedules its second quarter 2023 earnings conference call and provides updates on its operations and financial performance. Preliminary revenue for the quarter is estimated at $18.2 million, with a net loss of $11.7 million and a non-GAAP adjusted EBITDA loss of $2.6 million. The company generated 626 Bitcoin in the quarter, representing 43% growth compared to the previous quarter. Stronghold also accelerated its 2023 hash rate guidance, expecting to add ~560 PH/s to its existing hash rate capacity by September 1, 2023.
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-3.33%
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-1.33%
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Stronghold Digital Mining, Inc.
Nasdaq:SDIG
SDIG Rankings
SDIG Stock Data
38.38M
10.77M
8.75%
15.3%
2.77%
Software Publishers
Information
United States of America
NEW YORK
About SDIG
based in pennsylvania, stronghold digital mining is a vertically integrated and environmentally beneficial digital asset miner.