Bitcoin Miner Stronghold Upsizes IPO Price To $19 Per Share
Stronghold shares are expected to begin trading on the Nasdaq today under the ticker symbol “SDIG.”Stronghold has upsized its IPO to $19 per share, with plans to raise $127 million.The company had previously announced an IPO price of between $16 and $18 per share, which would allow it to raise around $100 million.Stronghold’s common stock shares are expected to begin trading today under the ticker symbol $SDIG.Bitcoin miner Stronghold Digital has upsized its initial public offering (IPO) price to $19 per share, allowing it to raise $127 million, the company said in an announcement. The....
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Coal Waste to Bitcoin, Operation Raises $100M While many have been focused on the environmental concerns stemming from outdated reports and maps, a number of ESG-friendly cryptocurrency mining firms have been making moves in the industry.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 Digital Mining, a bitcoin miner powered by coal waste, has acquired a second coal refuse site in Pennsylvania with an 80 MW capacity.
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....
The company will list over 5 million shares of common stock on the Nasdaq at an IPO price of between $16 and $18.