Stronghold Digital Mining Inc (OQ:SDIG)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 595 Madison Avenue, 28Th Floor NEW YORK NY 10022 |
| Tel: | N/A |
| Website: | https://strongholddigitalmining.com |
| IR: | See website |
| Key People | ||
| Gregory A. Beard Chairman of the Board, President, Chief Executive Officer | Matthew J. Smith Chief Financial Officer, Director | Richard J. Shaffer Senior Vice President - Asset Management |
| Business Overview |
| Stronghold Digital Mining, Inc. is a vertically integrated Bitcoin mining company with a focus on environmentally beneficial operations. The Company's segments include Energy Operations and Cryptocurrency Operations. The Energy Operations segment operates as a qualifying cogeneration facility under the provisions of the Public Utilities Regulatory Policies Act of 1978 and sells its electricity into the PJM grid under a Professional Services Agreement with Customized Energy Solutions. The Cryptocurrency Operations segment is engaged in vertically-integrated digital currency mining business. The Company buys and maintains a fleet of Bitcoin miners, as well as the required infrastructure, and provides power to third-party digital currency miners under hosting agreements. The Company's Scrubgrass Plant has the capacity to generate approximately 83.5 megawatts (MW) of electricity. Its Panther Creek Plant has the capacity to generate approximately 80 MW of electricity. |
| Financial Overview |
| For the three months ended 31 March 2024, Stronghold Digital Mining Inc revenues increased 59% to $27.5M. Net income totaled $4.9M vs. loss of $28.5M. Revenues reflect Cryptocurrency Operations segment increase of 96% to $26.7M. Net Income reflects Cryptocurrency Operations segment income totaling $4.6M vs. loss of $3.9M, Energy Operations segment loss decrease of 24% to $8.2M. |
| Employees: | 111 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $87.58M as of Mar 31, 2024 |
| Annual revenue (TTM): | $85.22M as of Mar 31, 2024 |
| EBITDA (TTM): | -$5.56M as of Mar 31, 2024 |
| Net annual income (TTM): | -$17.44M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$22.09M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $48.29M as of Mar 31, 2024 |
| Shares outstanding: | 15,371,152 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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