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Stronghold Digital Mining | 10-Q: Q2 2024 Earnings Report

Stronghold Digital Mining | 10-Q: Q2 2024 Earnings Report

Stronghold Digital Mining | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/15 04:06

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Stronghold Digital Mining reported Q2 2024 results, with total operating revenues increasing to $19.1 million from $18.2 million in Q2 2023. Cryptocurrency mining revenues rose by $1.2 million due to increased hash rate, while hosting revenues grew by $0.7 million. However, the company posted a net loss of $21.3 million, wider than the $11.7 million loss in Q2 2023.Operating expenses increased by $3.9 million to $37.7 million, primarily due to a $1.7 million loss on disposal of fixed assets and higher general and administrative expenses. The company's cash and cash equivalents stood at $5.1 million as of June 30, 2024, with outstanding debt of $55.1 million.Stronghold faces liquidity challenges, with restrictions on raising capital through equity issuances until certain conditions are met. The company believes its current liquidity position and expected improvements in operating cash flows will be sufficient for the next 12 months, but acknowledges the need for additional capital to fund short-term and long-term needs.
Stronghold Digital Mining reported Q2 2024 results, with total operating revenues increasing to $19.1 million from $18.2 million in Q2 2023. Cryptocurrency mining revenues rose by $1.2 million due to increased hash rate, while hosting revenues grew by $0.7 million. However, the company posted a net loss of $21.3 million, wider than the $11.7 million loss in Q2 2023.Operating expenses increased by $3.9 million to $37.7 million, primarily due to a $1.7 million loss on disposal of fixed assets and higher general and administrative expenses. The company's cash and cash equivalents stood at $5.1 million as of June 30, 2024, with outstanding debt of $55.1 million.Stronghold faces liquidity challenges, with restrictions on raising capital through equity issuances until certain conditions are met. The company believes its current liquidity position and expected improvements in operating cash flows will be sufficient for the next 12 months, but acknowledges the need for additional capital to fund short-term and long-term needs.
强堡数字矿业报告了2024年第二季度的业绩,总营业收入从2023年第二季度的1820万美元增加到1910万美元。由于哈希率的增加,数字货币挖矿收入上升了120万美元,而托管收入增长了70万美元。然而,公司报告的净亏损为2130万美元,远高于2023年第二季度的1170万美元。营业费用增加了390万美元,达到3770万美元,主要由于固定资产处置损失170万美元以及更高的管理费用。截止2024年6月30日,公司持有的现金及现金等价物为510万美元,未偿债务为5510万美元。强堡面临流动性挑战,限制通过股权发行筹集资金,直到满足某些条件。公司相信当前的流动性状况以及预计的营业现金流改善将足以支持未来12个月,但承认需要额外资本以满足短期和长期需求。
强堡数字矿业报告了2024年第二季度的业绩,总营业收入从2023年第二季度的1820万美元增加到1910万美元。由于哈希率的增加,数字货币挖矿收入上升了120万美元,而托管收入增长了70万美元。然而,公司报告的净亏损为2130万美元,远高于2023年第二季度的1170万美元。营业费用增加了390万美元,达到3770万美元,主要由于固定资产处置损失170万美元以及更高的管理费用。截止2024年6月30日,公司持有的现金及现金等价物为510万美元,未偿债务为5510万美元。强堡面临流动性挑战,限制通过股权发行筹集资金,直到满足某些条件。公司相信当前的流动性状况以及预计的营业现金流改善将足以支持未来12个月,但承认需要额外资本以满足短期和长期需求。
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