Stronghold Provides August 2024 Bitcoin Mining And Operational Update, Stronghold Mined 63 Bitcoin In August 2024 And Generated ~$200K In Energy Revenue
Portfolio Pulse from Benzinga Newsdesk
Stronghold Digital Mining, Inc. reported mining 63 Bitcoin in August 2024, with an additional $200K in energy revenue, equating to 67 Bitcoin equivalents. This marks a 2% increase from July, though overall revenue decreased by 2% to $4 million.
September 04, 2024 | 12:08 pm
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Stronghold Digital Mining mined 63 Bitcoin in August 2024 and generated $200K in energy revenue, totaling 67 Bitcoin equivalents. Despite a 2% increase in Bitcoin production, revenue decreased by 2% to $4 million.
The increase in Bitcoin production by 2% is offset by a 2% decrease in overall revenue, suggesting stable but not significantly positive short-term impact on SDIG's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100