SDIG


Finance

Bitcoin Miner Stronghold Looking at Options, Including Sale of Company

The miner is looking at options including sale of all or part of the company and other strategic transactions.

Sale sign (Markus Spiske/Unsplash)

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Stronghold Digital Mining CEO on Latest Debt Restructuring Deal

Bitcoin miner Stronghold Digital's (SDIG) latest debt restructuring deal will allow the postponement of principal repayments on $54.9 million of debt through June 2024. Stronghold Digital Mining CEO and co-Chairman Greg Beard discusses the firm's strategies to avoid bankruptcy in a crypto winter. Plus, insights on the two-year deal with miner hosting company Foundry for 4,500 miners and reaction to Sen. Elizabeth Warren urging the U.S. government to compel crypto miners to disclose their energy consumption data. CoinDesk and Foundry are both owned by Digital Currency Group (DCG).

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Crypto Lender Hodlnaut Applies for Creditor Protection; Stronghold Digital Restructures Debt

Cryptocurrency lending platform Hodlnaut has filed an application with the Singapore High Court to be put under judicial management, a form of protection from creditors. Plus, Stronghold Digital Mining (SDIG) said Tuesday it had negotiated with its lenders to dramatically restructure its financing agreements to eliminate more than half of its total debt and associated interest and principal payments.

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