Stronghold Announces First Quarter 2024 Operating and Financial Results
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Stronghold Digital Mining, Inc. (SDIG)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: GlobeNewswire
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 costs include operations & maintenance expenses and general & administrative expenses, excluding stock-based compensation.The Company earned GAAP Net Income of $5.8 million and non-GAAP Adjusted EBITDA of $8.7 million during the first quarter of 2024. 1 Strategic Alternatives Stronghold and its Bo
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SDIG
News
- Stronghold Provides May 2024 Bitcoin Mining and Operational UpdateGlobeNewswire
- Stronghold Digital Mining First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Stronghold Digital's Shares Jump With Bitcoin Miner Mulling Sale [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Stronghold Announces First Quarter 2024 Operating and Financial Results [Yahoo! Finance]Yahoo! Finance
SDIG
Earnings
- 5/2/24 - Beat
SDIG
Sec Filings
- 6/24/24 - Form 8-K
- 6/20/24 - Form 4
- 6/7/24 - Form 8-K
- SDIG's page on the SEC website