Stronghold Digital Mining Acquires 9,080 Bitcoin Miners And Secures $54 Million Equipment Financing
Amount Raised
$54 Million
Round Type
Funding Round
New YorkNatural ResourcesFinancial ServicesCommerce And ShoppingLending And InvestmentsDescription
Stronghold Digital Mining, Inc. (Nasdaq: SDIG) (“Stronghold”, or the “Company”), a vertically integrated Bitcoin mining company with a focus on environmentally beneficial operations, has entered into four separate agreements to acquire 9,080 Bitmain and MicroBT Bitcoin miners since the Company’s third quarter 2021 earnings release on November 30, 2021. The aggregate hash rate capacity of these miners is approximately 826 petahash per second (“PH/s”), and Stronghold expects 4,800 miners (representing 426 PH/s of hash rate capacity) to be delivered before the end of the year or in early January, with the remainder expected in the first half of 2022. All miners will be installed at Stronghold’s wholly owned reclamation and power generation facilities
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