Stronghold Announces Bitcoin Mining Update And Frontier Managed Services Agreement; Stronghold Mined 196 Bitcoin In September 2023 And Generated ~$0.2M In Energy Revenue
Portfolio Pulse from Benzinga Newsdesk
Stronghold Digital Mining, Inc. (NASDAQ:SDIG) announced that it mined 196 Bitcoin in September 2023, generating approximately $0.2 million in energy revenue. The company experienced an unplanned outage at its Scrubgrass power plant, affecting operations. However, it achieved an all-time-high hash rate of 3.5 exahash per second by the end of the month. Stronghold also entered into a Managed Services Agreement with Frontier Mining to optimize its data centers.
October 13, 2023 | 8:35 pm
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Stronghold Digital Mining's September Bitcoin mining and energy revenue, along with its partnership with Frontier Mining, could potentially impact its stock.
The company's ability to generate revenue despite operational challenges, as well as its strategic partnership with Frontier Mining, could potentially boost investor confidence and positively impact its stock price.
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