Articles from Stronghold Digital Mining, Inc.

NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today announced that its stockholders have overwhelmingly voted “FOR” the pending merger (the “Merger”) between Stronghold and Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms”).

NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today announced that the world’s leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have each recommended that Stronghold stockholders vote “FOR” the pending merger (the “Merger”) between Stronghold and Bitfarms Ltd. (NASDAQ/TSX: BITF) at the upcoming special meeting of the Company’s stockholders on February 27, 2025.

NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today announced the following:

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) will host a conference call on Wednesday, November 13 at 8:30 a.m. Eastern Time to discuss its operations and financial results from the third quarter 2024. A press release detailing these results will be issued before the market opens on the same day.

NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (the “Company”) today announced that Chief Financial Officer Matthew Smith will resign from his position, effective November 15, 2024, after the Company files its Quarterly Report on Form 10-Q for the third quarter of 2024. Mr. Smith will also step down from the Company’s Board of Directors at that time. Mr. Smith’s resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices.

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance:

Continues Formal Review of Strategic Alternatives

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“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.

NEW YORK, July 05, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance:

NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance:

Announces Formal Review of Strategic Alternatives

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today reported preliminary unaudited financial results for the first quarter ended March 31, 2024:

NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance:

NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the fourth quarter and full year 2023 and provided an operational update:

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“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.

NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance:

Purchases 5,000 Bitcoin Miners with Aggregate Hash Rate Capacity of ~600 PH/s and Average Efficiency of ~25 J/T, All Expected to Be Delivered in January 2024

Provides Panther Creek Plant Update

Reminder of December 12th Stronghold Business Strategy Update and Carbon Capture Panel

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold” or the “Company”), an environmentally beneficial and vertically integrated mining-waste-to-power and Bitcoin mining company, today announced it will host the Company’s first-ever Analyst and Investor Day on Tuesday, December 12, 2023 in New York, NY at Nasdaq MarketSite. Senior management and industry experts will give presentations that provide in-depth overviews of Stronghold’s business, growth strategy, and carbon capture initiative, which was announced on November 14th.

Stronghold to Hold Analyst and Investor Day on December 12, 2023

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“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.

NEW YORK, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today provided the following updates regarding its operations and financial performance:

NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today announced that the company will participate in the H.C. Wainwright 25th Annual Global Investment Conference being held at Lotte New York Palace Hotel in New York.

NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today provided the following updates regarding its operations and financial performance:

NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the quarter ended June 30, 2023, and provided an operational update:

Reschedules Second Quarter 2023 Earnings Conference Call for Thursday, August 10 at 10:00 a.m. Eastern Time

NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) will host a conference call on Thursday, August 10 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the second quarter ended June 30, 2023. A press release detailing these results will be issued before the market opens on the same day.

Total Addition of ~430 PH/s to be delivered to Stronghold’s Panther Creek Facility in the Third Quarter

NEW YORK, July 05, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today provided the following operational update:

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today provided an operational update on its Bitcoin mining operations:

NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) announced today that it will effect a 1-for-10 reverse stock split (“Reverse Split”) of its Class A common stock, par value $0.0001 per share (“Class A Common Stock”), and Class V common stock, par value $0.0001 per share (“Class V Common Stock” and, together with the Class A Common Stock, the “Common Stock”), that will become effective on May 15, 2023, at 5:00 p.m., Eastern Time (the “Effective Time”). Stronghold’s Class A Common Stock will continue to trade on The Nasdaq Global Market (“Nasdaq”) under the symbol “SDIG” and will begin trading on a split-adjusted basis when the market opens on May 16, 2023. The new CUSIP number for the Class A Common Stock following the Reverse Split will be 86337R 202.

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the first quarter of 2023 and provided an operational update:

New Bitcoin mining agreement expected to increase delivered hash rate capacity to 3.6 EH/s by June 2023

NEW YORK, April 28, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) will host a conference call on Thursday, May 11 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the first quarter ended March 31, 2023. A press release detailing these results will be issued before the market opens on the same day.

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today announced that it closed the previously announced securities purchase agreements with an institutional investor and the Company’s chairman and chief executive officer, Greg Beard (collectively the “Purchasers”), and sold 9,000,000 shares of Class A Common Stock and share equivalents to the institutional investor and 1,000,000 shares of Class A Common Stock to Mr. Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”). The Company also issued to the Purchasers warrants to purchase an aggregate of 10,000,000 shares of Class A Common Stock, with an initial exercise price of $1.10 per share (subject to adjustments), and such warrants are not exercisable until six months after issuance. In addition, the exercise price for the 5,602,409 warrants previously issued to the Purchasers on September 19, 2022, will be adjusted from $1.75 per share to $1.01 per share.

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today announced that it has entered into securities purchase agreements with an institutional investor and the Company’s chairman and chief executive officer, Greg Beard (collectively the “Purchasers”), to sell 9,000,000 shares of Class A Common Stock and share equivalents to the institutional investor and 1,000,000 shares of Class A Common Stock to Mr. Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”). The Company will also issue to the Purchasers warrants to purchase an aggregate of 10,000,000 shares of Class A Common Stock, with an initial exercise price of $1.10 per share (subject to adjustments), and such warrants will not be exercisable until six months after issuance.

NEW YORK, March 29, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the fourth quarter and full year 2022 and provided an operational update.

NEW YORK, March 22, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) provided the following updates regarding its operations and financial performance:

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) will host a conference call on Wednesday, March 29 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the fourth quarter and full year 2022. A press release detailing these results will be issued before the market opens on the same day.

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today announced that it, its affiliate, Stronghold Digital Mining Holdings, LLC (“Borrower”), and each subsidiary of Borrower have entered into an agreement (the “Amended Credit Agreement”) to substantially amend its credit agreement dated October 27, 2022 (the “Original Credit Agreement”) with Whitehawk Finance LLC and/or its affiliates or designees and the other lenders from time to time party hereto (collectively, the “Lenders”) and Whitehawk Capital Partners LP as collateral agent for the Lenders and as administrative agent for the Lenders. Separately, the Company entered into a new two-year hosting agreement with Foundry Digital LLC (“Foundry”), replacing its previously announced temporary hosting agreement.

NEW YORK, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) announced that it has entered into an exchange agreement (the “Exchange Agreement”) with the holders (the “Noteholders”) of the Company’s Amended and Restated 10% Notes (the “Notes”), whereby all of the approximately $17.9 million of outstanding principal amount of debt and interest, which would accrue through maturity under the Notes, will be extinguished in exchange for shares of a new series of convertible preferred stock (the “Series C Preferred Stock”) with face value of approximately $23.1 million. The Series C Preferred Stock will be convertible into shares of the Company’s Class A common stock, or pre-funded warrants that may be exercised for shares of Class A common stock, at a conversion price of $0.40 per share. Assuming the conversion of all Series C Preferred Stock anticipated to be issued, approximately 57.8 million shares of Class A common stock would be issued, which would represent approximately 46% of the fully diluted shares outstanding pro forma for such conversion. The Series C Preferred Stock will not bear a preferred dividend and will not require cash payments related to amortization, coupon payments, or other payments.

NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (Nasdaq: SDIG) (“Stronghold,” or the “Company”) today reported financial results for its third quarter ended September 30, 2022 and provided an operational update.

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) will host a conference call on Wednesday, November 9 at 5:00 p.m. Eastern Time to discuss its operations and financial results from the third quarter ended September 30, 2022. A press release detailing these results will be issued after the close of trading on the same day.

NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today announced (i) the extinguishment of the final approximately $2.1 million of the total of approximately $67 million of principal amount of debt outstanding with NYDIG ABL LLC (“NYDIG”) and The Provident Bank (“BankProv”) and (ii) the closing of its previously announced WhiteHawk restructuring and credit facility that resulted in $23 million of additional borrowing capacity. The Company believes these moves are important steps in Stronghold’s plan to improve profitability and liquidity and to reduce leverage despite low Bitcoin prices.

NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQSDIG) (“Stronghold”, or the “Company”) today provided an update on its previously announced agreement with NYDIG ABL LLC (“NYDIG”) and the Provident Bank (“BankProv”), to eliminate approximately $67 million in principal amount of debt outstanding (the “Debt”) under equipment financing agreements. Separately, the Company also announced its recent mutual termination and settlement of its data center hosting agreement. The Company believes that the settlement is materially beneficial to cash flow generation and operational flexibility. Stronghold has posted an investor presentation to its Investor Relations website to supplement this press release, which can be found in the Events and Presentations section.