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 Wednesday's after-market session, several information technology stocks saw significant movement. Hitek Global, UiPath, Stronghold Digital Mining, Phunware, Argo Blockchain, and LightPath Technologies were among the gainers, while Verint Systems, Yext, Amkor Tech, Auddia, C3.ai, and Saverone 2014 were among the losers. Q2 earnings reports for UiPath, Verint Systems, and Yext, and Q1 earnings for C3.ai were released.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 9:31 pm

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) announced its August 2023 Bitcoin mining update. The company achieved a hash rate capacity of 4 EH/s and expects a significant increase in September and over 20% growth in Q4 2023. Stronghold mined 219 Bitcoin in August, generating approximately $0.5 million in energy revenue, equivalent to 16 additional Bitcoin.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:15 pm

Several information technology stocks experienced significant movement during Tuesday's intraday session. Notable gainers included Verb Tech, CXApp, WM Tech, Arqit Quantum, AudioEye, and Aurora Innovation, with increases ranging from 13.59% to 143.2%. On the other hand, AgileThought, Tucows, Stronghold Digital Mining, Viasat, Rackspace Tech, and Taoping saw decreases ranging from 9.41% to 16.3%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:31 pm

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:37 pm

Mining and crypto-related stocks are experiencing a surge due to a rebound in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:37 pm

Stronghold Digital Mining reported better-than-expected Q2 earnings per share (EPS) results, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:42 pm

Stronghold Digital Mining (NASDAQ:SDIG) reported Q2 losses of $(1.35) per share, beating the analyst consensus estimate of $(2.59) by 47.88 percent. However, the company's quarterly sales of $18.23 million missed the analyst consensus estimate of $20.56 million by 11.31 percent.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 11:03 am

Zacks Under $10 Newsletter has picked Stronghold Digital Mining (SDIG) as a stock to watch. No specific reasons were given for the selection.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:32 pm

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) has announced its Q2 2023 operations and financial update. The company reported preliminary Q2 revenue of $18.2 million and a net loss of $11.7 million. It generated 626 Bitcoin, representing a 43% growth compared to Q4 2022. The company also purchased over 1,000 additional MicroBT Whatsminer M50 and M50S miners, with an aggregate hash rate capacity of ~130 PH/s, for approximately $2.1 million. Stronghold expects to add ~560 PH/s to its existing hash rate capacity by September 1, 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:14 pm

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) has purchased 2,000 new A1346 Bitcoin miners from Canaan Inc. (NASDAQ:CAN) for a total price of $3 million. The miners are expected to be delivered in Q3 2023 for use at Stronghold's Panther Creek Facility. Stronghold has also expanded its existing hosting agreement with Cantaloupe Digital LLC, a subsidiary of Canaan, with the addition of 2,000 A1346 miners.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:15 pm

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