Stronghold Provides May 2024 Bitcoin Mining and Operational Update
Stronghold Digital Mining, Inc. (SDIG)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: GlobeNewswire
NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance: Bitcoin Mining Update Stronghold mined 82 Bitcoin in May 2024 and the Company generated an estimated $5.2 million of revenue during May, a decrease of 46% compared to April 2024. The primary driver of the decline was due to the first full month of post-halving operations. Average hash price in May was $0.052 per TH/s per day compared to $0.095 in April, largely due to the halving of Bitcoin block awards from 6.250 to 3.125, a slight decline in Bitcoin price of 0.8%, lower transaction fees averaging 7.4% in May compared to 25.3% in April, and partially offset by a decline in network hash rate of 1.2%. About Stronghold Digital Mining, Inc. Stronghold is a vertically integrated Bitcoin mining company with an emphasis on environmentally beneficial operations
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SDIG
News
- 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
- Stronghold Announces First Quarter 2024 Operating and Financial ResultsGlobeNewswire
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