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Stronghold Digital Mining | 8-K: S tronghold Reports Second Quarter 2024 Operating and Financial Results

Stronghold Digital Mining | 8-K: S tronghold Reports Second Quarter 2024 Operating and Financial Results

Stronghold Digital Mining | 8-K:S tronghold 公布2024年第二季度运营和财务业绩
美股SEC公告 ·  2024/08/14 20:44

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Stronghold Digital Mining reported Q2 2024 revenues of $19.1 million, down 30.6% QoQ but up 4.8% YoY, with a GAAP net loss of $21.3 million. The company mined 299 Bitcoin during the quarter, with an additional 3 Bitcoin-equivalent from energy sales, representing a 46% decrease from Q1 2024 production.The company continues its formal strategic review process with multiple bids received for all or parts of the business. Stronghold is pursuing significant site expansion opportunities, having submitted preliminary load studies for an additional 400MW at Panther Creek and 390MW at Scrubgrass. The company secured a one-year option to purchase 1,140 acres adjacent to Panther Creek for potential data center expansion.In positive developments, Stronghold's facilities cleared the PJM capacity auction at $269.92/MW/day, up 833% from last year, potentially yielding $7 million in incremental revenue at Panther Creek. The Pennsylvania Coal Refuse Reclamation tax credit doubled to $8 per ton, which could generate $2-4 million in annual incremental net income. As of June 30, 2024, the company had $5.1 million in cash and Bitcoin, with $55.1 million in outstanding debt.
Stronghold Digital Mining reported Q2 2024 revenues of $19.1 million, down 30.6% QoQ but up 4.8% YoY, with a GAAP net loss of $21.3 million. The company mined 299 Bitcoin during the quarter, with an additional 3 Bitcoin-equivalent from energy sales, representing a 46% decrease from Q1 2024 production.The company continues its formal strategic review process with multiple bids received for all or parts of the business. Stronghold is pursuing significant site expansion opportunities, having submitted preliminary load studies for an additional 400MW at Panther Creek and 390MW at Scrubgrass. The company secured a one-year option to purchase 1,140 acres adjacent to Panther Creek for potential data center expansion.In positive developments, Stronghold's facilities cleared the PJM capacity auction at $269.92/MW/day, up 833% from last year, potentially yielding $7 million in incremental revenue at Panther Creek. The Pennsylvania Coal Refuse Reclamation tax credit doubled to $8 per ton, which could generate $2-4 million in annual incremental net income. As of June 30, 2024, the company had $5.1 million in cash and Bitcoin, with $55.1 million in outstanding debt.
Stronghold Digital Mining报告2024年第二季度营业收入为1910万美元,环比下降30.6%,同比增长4.8%,GAAP净亏损为2130万美元。该公司在本季度挖掘了299个比特币,并通过能源销售获得了额外3个比特币的等值,较2024年第一季度的产量下降了46%。该公司继续进行正式的战略审核过程,已经收到多个对所有或部分业务的出价。Stronghold正在追求重大场地扩展机会,并已提交额外400MW在Panther Creek和390MW在Scrubgrass的初步负载研究。该公司获得了购买靠近Panther Creek的1,140英亩土地的一年期选择权,以便于数据中心扩...展开全部
Stronghold Digital Mining报告2024年第二季度营业收入为1910万美元,环比下降30.6%,同比增长4.8%,GAAP净亏损为2130万美元。该公司在本季度挖掘了299个比特币,并通过能源销售获得了额外3个比特币的等值,较2024年第一季度的产量下降了46%。该公司继续进行正式的战略审核过程,已经收到多个对所有或部分业务的出价。Stronghold正在追求重大场地扩展机会,并已提交额外400MW在Panther Creek和390MW在Scrubgrass的初步负载研究。该公司获得了购买靠近Panther Creek的1,140英亩土地的一年期选择权,以便于数据中心扩展。在积极的发展中,Stronghold的设施在PJM容量拍卖中以269.92美元/MW/天的价格通过,较去年上涨了833%,这可能在Panther Creek带来700万美元的增量营业收入。宾夕法尼亚州的煤炭废弃物回收税收抵免翻倍至每吨8美元,可能每年产生200-400万美元的增量净利润。截至2024年6月30日,该公司拥有510万美元现金和比特币,尚未偿还债务为5510万美元。
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