Stronghold Digital Mining Inc (OQ:SDIG)

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
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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 fiscal year ended 31 December 2023, Stronghold Digital Mining Inc revenues decreased 32% to $75M. Net loss applicable to common stockholders decreased 43% to $50.9M. Revenues reflect Energy Operations segment decrease of 84% to $7.5M. Lower net loss reflects Cryptocurrency Operations segment loss decrease of 77% to $24.7M, Energy Operations segment loss decrease of 3% to $37.7M.
Employees: 111 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $83.48M as of Dec 31, 2023
Annual revenue (TTM): $74.97M as of Dec 31, 2023
EBITDA (TTM): -$17.89M as of Dec 31, 2023
Net annual income (TTM): -$50.90M as of Dec 31, 2023
Free cash flow (TTM): -$31.06M as of Dec 31, 2023
Net Debt Last Fiscal Year: $49.47M as of Dec 31, 2023
Shares outstanding: 15,051,239 as of Feb 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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