Streetbeat News

SDIG

Stronghold Digital Mining, Inc.

https://www.strongholddigitalmining.com

Industry

Financial - Capital Markets

Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities. The company was incorporated in 2021 and is headquartered in New York, New York.

Open

4.95

Mkt cap

71M

Volume

408K

High

5.03

P/E Ratio

-6.06

52-wk high

11.56

Low

4.75

Div yield

N/A

52-wk low

1.65

Stronghold Digital Mining, Inc. (SDIG) reported a Q3 loss of $1.12 per share, which is significantly worse than the Zacks Consensus Estimate of a $0.62 loss. This is a substantial increase in loss compared to $0.05 per share a year ago.

Portfolio Pulse from

November 13, 2024 | 3:30 pm

Stronghold Digital Mining, Inc. (NASDAQ: SDIG) released its third quarter 2024 operating and financial results.

Portfolio Pulse from

November 13, 2024 | 1:15 pm

Bitfarms, through a subsidiary, has entered a second miner hosting agreement with Stronghold Digital Mining at Stronghold's Scrubgrass site in Pennsylvania. This follows an initial agreement for 10,000 miners announced in September, supporting 2.2 EH/s.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:25 am

Stronghold Digital Mining announced that its CFO, Matthew Smith, will resign effective November 15. This leadership change could impact the company's financial strategy and operations.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 8:31 pm

In Tuesday's pre-market session, several information technology stocks experienced significant movements. Notable gainers included WidePoint, ZenaTech, CVD Equipment, Stronghold Digital Mining, DocuSign, and Arqit Quantum. Conversely, Cemtrex, Sobr Safe, MMTEC, OneConnect Financial Tech, Kingsoft Cloud Holdings, and JinkoSolar Holding Co saw declines.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 12:08 pm

Bitfarms has entered a hosting agreement with Stronghold Digital Mining to deploy 10,000 Bitmain T21 miners at the Panther Creek site, aiming to bring 2.2 EH/s online by October 2024. The company reaffirms its 2024 and 2025 guidance of 21 EH/s and 35+ EH/s.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:25 pm

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.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:08 pm

Amazon and Microsoft are competing with Bitcoin miners for energy resources due to the growing demands of AI and cloud computing. This competition is impacting the energy-intensive cryptocurrency mining industry, with some miners shifting strategies to offer energy services to tech companies.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 12:34 pm

B. Riley Securities has maintained a Neutral rating on Stronghold Digital Mining (NASDAQ:SDIG) while raising the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:28 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.