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

5.18

Mkt cap

77M

Volume

928K

High

5.35

P/E Ratio

-3.81

52-wk high

11.56

Low

5.10

Div yield

N/A

52-wk low

1.65

In Friday's intraday session, several IT stocks experienced significant movements. ComSovereign Holding (COMSP) led the gainers, rising 30.8%, followed by Argo Blockchain (ARBK), Stronghold Digital Mining (SDIG), Canaan (CAN), Soluna Holdings (SLNHP), and Bitdeer Technologies (BTDR) with substantial increases. On the losing side, Cemtrex (CETX) dropped 16.4% after Q4 earnings release, with Minim (MINM), WaveDancer (WAVD), Red Cat Holdings (RCAT), Nvni Group (NVNI), and OMNIQ (OMQS) also seeing declines.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 5:30 pm

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) has entered into a private placement agreement to sell 2.3 million shares of Class A Common Stock at $6.71 per share to an institutional investor, raising $15.4 million. The deal includes warrants to purchase an additional 2.3 million shares at $7.00 per share, exercisable six months post-issuance. The proceeds will fund growth and efficiency improvements in the miner fleet, a carbon capture initiative, and enhance working capital and general corporate purposes. Warrant exercise prices from previous issuances in April and September 2023 have been adjusted to $7.00 per share.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:37 pm

During Monday's intraday session, several information technology stocks experienced significant movements. Inpixon, Semantix, SilverSun Technologies, Minim, SPI Energy, and CommScope Holdings saw their shares rise by 27.0%, 17.79%, 16.25%, 15.9%, 14.66%, and 12.97% respectively. Conversely, Near Intelligence, Cyngn, TeraWulf, MicroAlgo, Cleanspark, and Stronghold Digital Mining witnessed declines in their share prices by 37.5%, 24.44%, 20.18%, 18.35%, 15.38%, and 14.76% respectively.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 5:30 pm

Stronghold Mining successfully mined 193 Bitcoin in November. This achievement showcases the company's operational capabilities and may positively influence investor sentiment towards SDIG, the company's stock symbol.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:48 pm

In Thursday's after-market session, several information technology stocks experienced movement. Gainers included Near Intelligence, Stronghold Digital Mining, Edgio, AEye, Blend Labs, and CPS Technologies with increases ranging from 2.96% to 5.0%. Losers were Cyngn, HashiCorp, Comtech Telecom, BIO-key Intl, Marin Software, and Powerbridge Technologies with declines between 4.2% and 13.7%. HashiCorp and Comtech Telecom's drops were associated with their Q3 and Q1 earnings releases, respectively.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:30 pm

In Friday's after-market session, several IT stocks experienced significant movements. Powerbridge Technologies (PBTS) and WaveDancer (WAVD) were among the gainers, with increases of 7.7% and 7.29% respectively. On the losing side, Nano Labs (NA) and Argo Blockchain (ARBK) saw declines of 9.6% and 8.34%. Other notable movements included CXApp (CXAI), Presto Automation (PRST), and Alpha Technology Group (ATGL) with gains, and Minim (MINM), Stronghold Digital Mining (SDIG), Aeva Technologies (AEVA), and Movano (MOVE) with losses.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 9:30 pm

The article lists a number of companies scheduled to report their earnings on November 14, 2023. It includes their expected quarterly results, with some companies anticipated to report profits per share and others expected to report losses. The revenues for each company are also provided, giving investors insights into the financial performance of these companies for the upcoming earnings announcements.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:23 pm

Stronghold Digital Mining (NASDAQ:SDIG) reported Q3 sales of $17.73M, missing the analyst consensus estimate of $24.06M by 26.32%. This represents a 28.37% decrease from the $24.75M in sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:04 pm

Several information technology stocks showed significant movement in Thursday's pre-market session. Expensify, Ascent Solar Technologies, Stronghold Digital Mining, AppLovin, LiveRamp Holdings, and Argo Blockchain were among the gainers, while Ebix, Rubicon Technologies, Digital Turbine, SAI.TECH Global, BILL Holdings, and Cyngn were among the losers.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 1:06 pm

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.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:36 pm

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