SDIG - Earnings announcements

NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced the following: Recent Financial Highlights Revenues of $11.2 million, down 42% sequentially and 37% year-over-year. Revenues comprised $10.6 million from cryptocurrency operations and $0.5 million from the sale of energy.GAAP Net Loss of $22.7 million and non-GAAP Adjusted EBITDA Loss of $5.5 million. Merger Agreement with Bitfarms On August 21, 2024, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Bitfarms Ltd., a corporation incorporated under the Canada Business Corporations Act and continued u

- Revenue of $45 million, up 8% Q/Q and up 30% Y/Y - - Gross mining margin of 38%, compared to 51% in Q2 2024 and 44% in Q3 2023 - - Current hashrate of 11.9 EH/s, up from 10.4 EH/s in Q2 2024 - - Current efficiency of 21 w/TH, a 16% improvement from June 30, 2024 - - Synthetic HODL increased to 802 at October 31, 2024 from 208 long-dated BTC call options at June 30, 2024, up 286% - This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Nov. 13, 2024

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, November 13 at 8:30 a.m. Eastern Time to discuss its operations and financial results from the third quarter 2024. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital

- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan - - Provides Clear Path to 950 MW Active Power Capacity - - Adds 4.0 EH/s to Bitfarms' Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh - - Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity - - Adds 142 MW of PJM Import Capacity with Long Term Expansion Potential up to 790 MW- - Conference Call at 8:30 AM ET to Discuss Transaction - This news release constitutes a "designated news release" for the purposes of Bitfarms' prospectus supplement dated March 8, 2024, to

Continues Formal Review of Strategic Alternatives Pursuing Significant Site Expansion and Evaluating GPU Computing Potential NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the second quarter ended June 30, 2024, and provided additional strategic updates: Second Quarter 2024 Financial Highlights Revenues of $19.1 million, down 30.6% sequentially and up 4.8% year-over-year. Revenues comprised $18.8 million from cryptocurrency operations, $0.2 million from the sale of energy, and $0.1 million from other revenue.GAAP Net Loss of $21.3 million and n

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, August 14 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the second quarter 2024. A press release detailing these results will be issued before the market opens on the same day. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital Mining Second Quarter 2024 Earnings Call. After registering, an email will be sent, including dial-in detai

NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the first quarter of 2024 and provided other strategic updates: Recent Financial Highlights The Company generated revenues of $27.5 million during the first quarter of 2024, up 27% sequentially and 59% year-over-year. Revenues comprised $26.7 million from cryptocurrency operations, $0.7 million from the sale of energy, and $0.1 million from other activities.First quarter 2024 fixed costs were down 3% sequentially and 11% year-over-year, demonstrating Stronghold's operating leverage and cost controls. Fixed co

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") today reported preliminary unaudited financial results for the first quarter ended March 31, 2024: First Quarter 2024 Financial Performance Stronghold generated an estimated $27.5 million of revenue, an estimated $5.8 million of GAAP Net Income, and an estimated $8.7 million of adjusted EBITDA1 during the first quarter of 2024. Revenue comprised an estimated $26.7 million from cryptocurrency mining, an estimated $0.7 million from the sale of energy, and an estimated $0.1 million of other revenue during the quarter. The period featured two extremes: improving Bitcoin

NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the fourth quarter and full year 2023 and provided an operational update: Recent Operational and Financial Highlights Achieved ~3.8 EH/s of actual hash rate on installed hash rate capacity of 4.1 EH/s, following the installation of 5,000 recently purchased Bitcoin miners. The Company has less than $1mm of outstanding capital commitments for miners heading into the April 2024 halving.Current energized slots in existing Stronghold data centers have the capacity to support over 7 EH/s of hash rate. Stronghold

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, March 6 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the fourth quarter and full year 2023. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital

NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced the following: Recent Operational and Financial Highlights Stronghold's Beneficial Use Ash Can Capture Carbon Dioxide (CO2). Following four months of extensive testing, third-party lab results indicate that Stronghold's beneficial use ash, a natural byproduct of its mining-waste-to-power process, can capture CO2 from ambient air at a capacity of up to 12% by weight of starting ash. The process results in permanent and stable storage of the CO2.Initial Phase of Carbon Capture Project Underway at the Scrubgrass Plant. Stronghol

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Tuesday, November 14 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the third quarter ended September 30, 2023. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold

NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the quarter ended June 30, 2023, and provided an operational update: Recent Operational and Financial Highlights Accelerated hash rate guidance. We now expect to achieve hash rate capacity of 4 EH/s by September 1, 2023, which is one month earlier than our previous guidance and four months earlier than our guidance provided on March 29, 2023.Procured over 14,000 high-spec Bitcoin miners between April 2023 and July 2023. These miners provide aggregate hash rate capacity of nearly 1.6 E

NEW YORK, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") provided the following updates regarding its operations and financial performance: Second Quarter 2023 Estimated Financial Performance Preliminary revenue of $18.2 million, net loss of $11.7 million, and non-GAAP adjusted EBITDA loss of $2.6 million1.Preliminary revenue comprised $13.8 million from cryptocurrency self-mining, $3.1 million from cryptocurrency hosting, $0.7 million from the sale of energy, and $0.6 million from capacity sales.Generated 626 Bitcoin, which represents approximately 43% growth compared to 4Q 2022 and 1% sequential growth co

NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Thursday, August 10 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the second quarter ended June 30, 2023. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digit

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced financial and operational results for the first quarter of 2023 and provided an operational update: Recent Operational and Financial Highlights Accelerating hash rate guidance – we now expect to achieve hash rate capacity of approximately 4 EH/s by the end of the third quarter of 2023, which would beat our prior guidance of year-end 2023Completed $10 million private placement and subsequent purchase of 5,000 MicroBT Whatsminer M50 Bitcoin miners, adding ~600 PH/s of hash rate capacity – $9 million invested by an institutional investor and $1 mill

NEW YORK, April 28, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Thursday, May 11 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the first quarter ended March 31, 2023. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digital

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, March 29 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the fourth quarter and full year 2022. A press release detailing these results will be issued before the market opens on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Stronghold Digit

NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold," or the "Company") today reported financial results for its third quarter ended September 30, 2022 and provided an operational update. Third Quarter 2022 and Recent Operational and Financial Highlights Current liquidity of approximately $27 million comprising $27 million cash plus 19 Bitcoin, current principal amount of debt outstanding of approximately $82 million, and net debt of approximately $55 million (calculated as principal amount of debt outstanding less cash and Bitcoin) as of November 7, 2022, which represents an approximately 51% reduction since June 30, 2022Fully exti

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, November 9 at 5:00 p.m. Eastern Time to discuss its operations and financial results from the third quarter ended September 30, 2022. A press release detailing these results will be issued after the close of trading on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. To access the call by phone, please use the following link Strongho

NEW YORK, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold," or the "Company") today reported financial results for its second quarter ended June 30, 2022, provided an operational update and announced significant debt restructuring events. Recent Developments to Greatly Enhance Stronghold's Financial Position NYDIG Debt Extinguishment: On August 16, 2022, Stronghold entered into an agreement with NYDIG ABL LLC ("NYDIG") and another participating lender to eliminate all $67.4 million outstanding under the equipment financing agreements with these lenders and consensually return approximately 26,200 Bitcoin miners (approximately 18,700 of which

NEW YORK, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") is rescheduling its second quarter 2022 earnings conference to Tuesday, August 16 at 4:30 p.m. Eastern Time. Stronghold management will provide prepared remarks, followed by a question-and-answer period. Date: Tuesday, August 16, 2022Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)U.S. dial-in number: 1-646-307-1963International number: 1-800-715-9871Conference ID: 4275661 The conference call will broadcast live and be available for replay here. Please call the conference telephone number approximately 10 minutes before the start time. An operator will registe

NEW YORK, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") is rescheduling its second quarter 2022 earnings conference to Tuesday, August 16 at 12:00 p.m. Eastern Time. Stronghold management will provide prepared remarks, followed by a question-and-answer period. Date: Tuesday, August 16, 2022Time: 12:00 p.m. Eastern time (9:00 a.m. Pacific time)U.S. dial-in number: 1-646-307-1963International number: 1-800-715-9871Conference ID: 4275661 The conference call will broadcast live and be available for replay here. Please call the conference telephone number approximately 10 minutes before the start time. An operator wi

NEW YORK, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") is rescheduling its second quarter 2022 earnings conference to Monday, August 15 at 5:00 p.m. Eastern Time. A press release detailing these results will be issued after the close of trading on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, August 15, 2022Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)U.S. dial-in number: 1-646-307-1963International number: 1-800-715-9871Conference ID: 4275661 The conference call will broadcast live and be available for replay here. Please call the con

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Thursday, August 11 at 5:00 p.m. Eastern Time to discuss its operations and financial results from the second quarter ended June 30, 2022. A press release detailing these results will be issued after the close of trading on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. Date: Thursday, August 11, 2022Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)U.S. dial-in number: 1-646-307-1963International number: 1-800-715-9871Conference ID: 4275661 The conference call will broad

NEW YORK, May 16, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold," or the "Company") today reported financial results for its first quarter ended March 31, 2022 and provided an operational update. First Quarter 2022 and Recent Operational and Financial Highlights Removed approximately 279,000 tons of coal refuse and returned approximately 179,000 tons of beneficial use ash to waste coal sites during the first quarter of 2022, facilitating the remediation of these sites.On May 15, 2022, the Company issued approximately $33.8 million aggregate principal notes (the "Notes") bearing a coupon of 10.0% and a maturity date of May 15, 2024, plus approximately

NEW YORK, May 06, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Monday, May 16 at 5:00 p.m. Eastern Time to discuss its operations and results from the first quarter 2022. A press release detailing these results will be issued after the close of trading on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, May 16, 2022Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)U.S. dial-in number: 1-844-705-8583International number: 1-270-215-9880Conference ID: 3498036 The conference call will broadcast live and be available for replay

NEW YORK, March 16, 2022 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Tuesday, March 29 at 5:00 p.m. Eastern Time to discuss its operations and results from the fourth quarter and full year 2021. A press release detailing these results will be issued after the close of trading on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. Date: Tuesday, March 29, 2022Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)U.S. dial-in number: 1-844-705-8583International number: 1-270-215-9880Conference ID: 2964549 The conference call will broadcast live and

NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") will host a conference call on Tuesday, November 30 at 5:00 p.m. Eastern Time to discuss its operations and results from the third quarter 2021. A press release detailing these results will be issued after the close of trading on the same day. Stronghold management will provide prepared remarks, followed by a question-and-answer period. Date: Tuesday, November 30, 2021Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)U.S. dial-in number: 1-844-705-8583International number: 1-270-215-9880Conference ID: 1385345 The conference call will broadcast live and be a