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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 ·  2024/08/14 13:06

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Stronghold Digital Mining reported Q2 2024 revenue of $19.1 million, up 5% year-over-year, driven by a $1.2 million increase in cryptocurrency mining revenue and $0.7 million growth in hosting revenue. However, the company recorded a net loss of $21.3 million compared to $11.7 million loss in Q2 2023, primarily due to higher operating expenses and changes in warrant liability valuations.Operating expenses increased by $3.9 million to $37.7 million, mainly due to a $1.7 million loss on disposal of fixed assets from decommissioning miners, $1.7 million higher general and administrative costs including $5.2 million in loss contingencies, and increased depreciation expenses. The company's cryptocurrency operations segment saw revenue growth but faced higher electricity and maintenance costs.As of June 30, 2024, Stronghold had $4.9 million in cash and owned approximately 4.1 Bitcoin. The company operates two coal refuse power generation facilities with 163.5 MW total capacity and has expanded its mining operations to over 4.1 EH/s hash rate capacity. Management believes current liquidity and expected operational improvements will fund operations for the next twelve months.
Stronghold Digital Mining reported Q2 2024 revenue of $19.1 million, up 5% year-over-year, driven by a $1.2 million increase in cryptocurrency mining revenue and $0.7 million growth in hosting revenue. However, the company recorded a net loss of $21.3 million compared to $11.7 million loss in Q2 2023, primarily due to higher operating expenses and changes in warrant liability valuations.Operating expenses increased by $3.9 million to $37.7 million, mainly due to a $1.7 million loss on disposal of fixed assets from decommissioning miners, $1.7 million higher general and administrative costs including $5.2 million in loss contingencies, and increased depreciation expenses. The company's cryptocurrency operations segment saw revenue growth but faced higher electricity and maintenance costs.As of June 30, 2024, Stronghold had $4.9 million in cash and owned approximately 4.1 Bitcoin. The company operates two coal refuse power generation facilities with 163.5 MW total capacity and has expanded its mining operations to over 4.1 EH/s hash rate capacity. Management believes current liquidity and expected operational improvements will fund operations for the next twelve months.
Stronghold Digital Mining报告2024年第二季度营业收入为1910万美元,同比上升5%,主要得益于数字货币挖矿收入增加120万美元和托管收入增长70万美元。然而,公司记录了2130万美元的净亏损,而2023年第二季度的亏损为1170万美元,主要由于营业费用上升和认股权利证负债评估变化。营业费用增加了390万美元,达到了3770万美元,这主要是由于处置固定资产导致的170万美元损失,包括170万美元的管理费用增加,其中520万美元为损失或有责任,以及折旧费用的增加。公司的数字货币运营板块尽管收入增长,但面临着更高的电力和维护成本。截至2024年6月30日,Stronghold持有490万美元现金,拥有大约4.1个比特币。公司运营两个煤的废弃物发电设施,总容量为163.5 MW,并已将其挖矿运营扩展到超过4.1 EH/s的哈希率能力。管理层相信,当前的流动性和预期的运营改善将为未来12个月的运营提供资金。
Stronghold Digital Mining报告2024年第二季度营业收入为1910万美元,同比上升5%,主要得益于数字货币挖矿收入增加120万美元和托管收入增长70万美元。然而,公司记录了2130万美元的净亏损,而2023年第二季度的亏损为1170万美元,主要由于营业费用上升和认股权利证负债评估变化。营业费用增加了390万美元,达到了3770万美元,这主要是由于处置固定资产导致的170万美元损失,包括170万美元的管理费用增加,其中520万美元为损失或有责任,以及折旧费用的增加。公司的数字货币运营板块尽管收入增长,但面临着更高的电力和维护成本。截至2024年6月30日,Stronghold持有490万美元现金,拥有大约4.1个比特币。公司运营两个煤的废弃物发电设施,总容量为163.5 MW,并已将其挖矿运营扩展到超过4.1 EH/s的哈希率能力。管理层相信,当前的流动性和预期的运营改善将为未来12个月的运营提供资金。
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