US Bitcoin miner Stronghold files for $100M IPO to fund massive expansion
Sustainably focused and vertically integrated Bitcoin mining company Stronghold Digital Mining has filed for a $100 million initial public offering with the United States Securities and Exchange Commission. Pennsylvania-based Bitcoin mining firm Stronghold Digital Mining has filed for a $100 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).The firm filed its S-1 form on July 27 and if given the green light by the SEC, Stronghold intends to list its Class A common stock on the Nasdaq Global Market under the “SDIG” ticker. Stronghold is a....
Related News
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused on the environmental concerns stemming from outdated reports and maps, a number of ESG-friendly cryptocurrency mining firms have been making moves in the industry. Stronghold Digital Mining is a....
Stronghold, a bitcoin mining company powered by waste coal, has filed an S-1 form with the SEC for a $100 million IPO on the Nasdaq.
The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin. U.S. Bitcoin mining company Stronghold Digital Mining will list almost six million shares in an initial public offering on the Nasdaq.Stronghold plans to list 5,882,352 Class A common stock shares priced between $16 and $18 under the ticker “SDIG”. Taking the average proposed offering price puts the IPO at around $100 million.The Kennerdell, Pennsylvania-based firm first filed with the Securities and Exchange Commission for a Nasdaq IPO in July. It will fund an almost 900% expansion in capacity....
Stronghold shares are expected to begin trading on the Nasdaq today under the ticker symbol “SDIG.”
Stronghold Digital Mining, a bitcoin miner powered by coal waste, has acquired a second coal refuse site in Pennsylvania with an 80 MW capacity.