Stronghold Digital Mining
SDIG

$4.51

4.64%

Market Cap: $65.3M

About: Stronghold Digital Mining Inc is a vertically integrated crypto asset mining company currently focused on mining Bitcoin. The company has two reporting segments; Energy Operations and Cryptocurrency Operations. It generates maximum revenue from the Cryptocurrency Operations segment.

Employees: 115

Financials Finance Services

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

194% more call options, than puts

Call options by funds: $226K | Put options by funds: $77K

67% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 6

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

26% more capital invested

Capital invested by funds: $9.65M [Q1] → $12.1M (+$2.46M) [Q2]

16% more funds holding

Funds holding: 32 [Q1] → 37 (+5) [Q2]

3.41% more ownership

Funds ownership: 18.41% [Q1] → 21.82% (+3.41%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$4

11%

downside

Avg. target

$5

11%

upside

High target

$6

33%

upside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

B. Riley Securities Lucas Pipes 39% 1-year accuracy 26 / 66 met price target	33%upside $6	Neutral Maintained	26 Aug 2024
HC Wainwright & Co. Kevin Dede 40% 1-year accuracy 20 / 50 met price target	11%downside $4	Buy Maintained	15 Aug 2024
B. Riley Securities Lucas Pipes 39% 1-year accuracy 26 / 66 met price target	11%upside $5	Neutral Maintained	12 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about SDIG published over the past 30 days

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Stronghold Digital Mining, Inc. – SDIG

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Stronghold Digital Mining, Inc. ( Nasdaq: SDIG ), relating to its proposed merger with Bitfarms Ltd. Under the terms of the agreement, Stronghold stockholders are expected to receive 2.52 shares of Bitfarms per share of Stronghold they own.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Stronghold Digital Mining, Inc. – SDIG

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Stronghold Digital Mining, Inc. - SDIG

NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Stronghold Digital Mining, Inc. - SDIG

STRONGHOLD DIGITAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Stronghold Digital Mining, Inc. - SDIG

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Stronghold Digital Mining, Inc. (NasdaqGM: SDIG) to Bitfarms Ltd. Under the terms of the proposed transaction, shareholders of Stronghold will receive 2.52 shares of Bitfarms for each share of Stronghold that they own. KSF is seeking to determine whether this consideration and the process that led to it are ad.

STRONGHOLD DIGITAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Stronghold Digital Mining, Inc. - SDIG

Lincoln Financial Group Expands Compassionate Care Services to Support Beneficiaries

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group expands compassionate care services to support beneficiaries.

Lincoln Financial Group Expands Compassionate Care Services to Support Beneficiaries

Bitfarms to Acquire Stronghold Digital Mining

- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025,Consistent with Strategic Plan -- Provides Clear Path to 950 MW Active Power Capacity -- Adds 4.0 EH/s to Bitfarms' Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh -- Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity -- Adds 142 MW of PJM Import Capacity with Long Term Expansion Potential up to 790 MW-- Conference Call at 8:30 AM ET to Discuss Transaction -

Bitfarms to Acquire Stronghold Digital Mining

Stronghold Digital Mining, Inc. (SDIG) Q2 2024 Earnings Call Transcript

Stronghold Digital Mining, Inc. (NASDAQ:SDIG ) Q2 2024 Earnings Conference Call August 14, 2024 11:00 AM ET Company Participants Alec Wilson - Gateway Group Greg Beard - Chairman & Chief Executive Officer Matt Smith - Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to Stronghold Digital Mining's Conference Call for the Second Quarter ended June 30, 2024. My name is Josh, and I will be your operator this morning.

Stronghold Digital Mining, Inc. (SDIG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Stronghold Digital Mining, Inc. (SDIG) Reports Q2 Loss, Lags Revenue Estimates

Stronghold Digital Mining, Inc. (SDIG) came out with a quarterly loss of $0.74 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to loss of $2.40 per share a year ago.

Stronghold Digital Mining, Inc. (SDIG) Reports Q2 Loss, Lags Revenue Estimates

Stronghold Digital Mining Sets Second Quarter 2024 Earnings Conference Call for Wednesday, August 14 at 11:00 a.m. Eastern Time

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) will host a conference call on Wednesday, August 14 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the second quarter 2024. A press release detailing these results will be issued before the market opens on the same day.

Stronghold Digital Mining Sets Second Quarter 2024 Earnings Conference Call for Wednesday, August 14 at 11:00 a.m. Eastern Time

Zacks Investment Research

Stronghold Digital Mining, Inc. (SDIG) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

Stronghold Digital Mining (SDIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Stronghold Digital Mining, Inc. (SDIG) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

Stronghold Provides June 2024 Bitcoin Mining and Operational Update

NEW YORK, July 05, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance:

Stronghold Provides June 2024 Bitcoin Mining and Operational Update

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