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Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold" or the "Company") today provided the following updates regarding its operations and financial performance:
Bitcoin Mining Update
Stronghold mined 63 Bitcoin in August 2024 and generated approximately $0.2mm in energy revenue, which represents the equivalent of approximately 4 additional Bitcoin based on the average price of Bitcoin during the month. This equates to production of approximately 67 of Bitcoin equivalents in August 2024, up approximately 2% from the 66 Bitcoin equivalents produced in July 2024. The Company generated an estimated $4 million of revenue during August, a decrease of approximately 2% compared to July 2024.
Posted In: SDIG
