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Stronghold Digital
Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt
The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to try and overhaul the company's board before pursuing a takoever again.
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.
Bitcoin Mining Earnings Wrap: Marathon Shares Underperform After New SEC Subpoena
Thursday's reported first-quarter results from miners were a mixed bag.
Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary
The machines will be installed in two tranches, one my mid-May and the second by mid-June.
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).
Stronghold Digital Mining Swaps Debt for Preferred Stock
The bitcoin miner has been reducing its debt since the summer.
Bitcoin Miner Stronghold Digital Completes Debt Restructuring
The company over the past 10 weeks has returned 26,200 miners to NYDIG in exchange for the extinguishment of $67.4 million of debt.
Bitcoin Miner Stronghold Digital Bolsters Balance Sheet by Cutting Costs, Slashing Debt by More Than 60%
Stronghold won't have to pay up to $25 million of profit share to Northern Data, after ending bitcoin mining rig hosting deal.
Crypto.com Reportedly Reduces Workforce Since Initial Layoff Announcement; Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
Crypto exchange Crypto.com has laid off hundreds more employees since the initial layoffs in June, according to The Verge. Bitcoin mining rig maker Canaan said tougher market conditions will hurt its financial performance near-term after a difficult second quarter. Cowen analyst Stephen Glagola downgrades his rating on bitcoin miner Stronghold Digital.
Stronghold Digital Mining CEO Responds to Sen. Warren’s Letter Inquiring About Energy Use
As rising concerns about bitcoin’s carbon footprint have called for more environmental, social, and governance (ESG)-friendly mining, Sen. Elizabeth Warren wrote to several miners, including Stronghold Digital Mining, in January inquiring a report on energy usage.
