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Stronghold Digital Mining | 8-K: Stronghold Announces Third Quarter 2024 Operating and Financial Results

Stronghold Digital Mining | 8-K: Stronghold Announces Third Quarter 2024 Operating and Financial Results

Stronghold Digital Mining | 8-K:Stronghold公佈2024年第三季度運營和財務業績
美股SEC公告 ·  2024/11/13 05:18

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Stronghold Digital Mining reported Q3 2024 revenues of $11.2 million, down 42% QoQ and 37% YoY, with a GAAP net loss of $22.7 million. The revenue comprised $10.6 million from cryptocurrency operations and $0.5 million from energy sales. The company generated 188 Bitcoin during the quarter, representing a 35% decrease from Q2 2024 due to the Bitcoin halving event.The company has entered into a merger agreement with Bitfarms, where Stronghold shareholders will receive 2.52 Bitfarms common shares for each Stronghold share. Additionally, Stronghold signed two hosting agreements with Bitfarms to host 20,000 Bitmain T21 Bitcoin miners at its Panther Creek and Scrubgrass sites, with Bitfarms depositing $15.6 million for power costs.As of September 30, 2024, Stronghold had $5.1 million in cash and digital assets, with $53.7 million in outstanding debt. The company expects to receive $2.6 million from waste coal tax credits within 30 days. The merger with Bitfarms is expected to close in Q1 2025, subject to shareholder and regulatory approvals.
Stronghold Digital Mining reported Q3 2024 revenues of $11.2 million, down 42% QoQ and 37% YoY, with a GAAP net loss of $22.7 million. The revenue comprised $10.6 million from cryptocurrency operations and $0.5 million from energy sales. The company generated 188 Bitcoin during the quarter, representing a 35% decrease from Q2 2024 due to the Bitcoin halving event.The company has entered into a merger agreement with Bitfarms, where Stronghold shareholders will receive 2.52 Bitfarms common shares for each Stronghold share. Additionally, Stronghold signed two hosting agreements with Bitfarms to host 20,000 Bitmain T21 Bitcoin miners at its Panther Creek and Scrubgrass sites, with Bitfarms depositing $15.6 million for power costs.As of September 30, 2024, Stronghold had $5.1 million in cash and digital assets, with $53.7 million in outstanding debt. The company expects to receive $2.6 million from waste coal tax credits within 30 days. The merger with Bitfarms is expected to close in Q1 2025, subject to shareholder and regulatory approvals.
Stronghold Digital Mining 報告稱 2024 年第三季度營業收入爲 1120萬美元,比上季度下降 42%,比去年同期下降 37%,GAAP 淨虧損爲 2270萬美元。收入包括 1060萬美元來自數字貨幣業務和 50萬美元來自能源銷售。公司在季度內生產了 188 個比特幣,比 2024 年第二季度下降 35%,這與比特幣減半事件有關。該公司已與 Bitfarms 簽署合併協議,Stronghold 股東將每持有一股 Stronghold 股票獲得 2.52 股 Bitfarms 普通股。此外,Stronghold 與 Bitfarms 簽署了兩份託管協議,將在其 Pant...展開全部
Stronghold Digital Mining 報告稱 2024 年第三季度營業收入爲 1120萬美元,比上季度下降 42%,比去年同期下降 37%,GAAP 淨虧損爲 2270萬美元。收入包括 1060萬美元來自數字貨幣業務和 50萬美元來自能源銷售。公司在季度內生產了 188 個比特幣,比 2024 年第二季度下降 35%,這與比特幣減半事件有關。該公司已與 Bitfarms 簽署合併協議,Stronghold 股東將每持有一股 Stronghold 股票獲得 2.52 股 Bitfarms 普通股。此外,Stronghold 與 Bitfarms 簽署了兩份託管協議,將在其 Panther Creek 和 Scrubgrass 站點託管 20,000 台比特大陸 T21 比特幣礦機,Bitfarms 爲電力成本存入了 1560萬美元。截至 2024 年 9 月 30 日,Stronghold 現金和數字資產爲 510萬美元,未償債務爲 5370萬美元。公司預計在 30 天內將收到 260萬美元的廢煤稅收抵免。與 Bitfarms 的合併預計將在 2025 年第一季度完成,需經過股東和監管機構批准。
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