Stronghold Digital Mining Expects October 2023 Bitcoin Production To Be In Range Of 205-215 Bitcoin, Excluding Any Electricity Sales; Continues To Expect Over 20% Average Hash Rate Growth In Q4 Of 2023 When Compared To Q3 Of 2023
Portfolio Pulse from Benzinga Newsdesk
Stronghold Digital Mining has projected its Bitcoin production for October 2023 to be between 205-215 Bitcoin, excluding any electricity sales. The company also anticipates over 20% average hash rate growth in Q4 of 2023 compared to Q3 of 2023.
October 13, 2023 | 8:36 pm
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POSITIVE IMPACT
Stronghold Digital Mining's projected increase in Bitcoin production and hash rate growth could potentially boost its stock price.
Stronghold Digital Mining's projected increase in Bitcoin production and hash rate growth indicates a positive outlook for the company's operations. This could potentially attract more investors, leading to an increase in demand for its stock and subsequently, a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100