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Stronghold - Equity Financing
Overview
Funding Date
December 25, 2023
Financing amount
$15M
Valuation
--
Category
About Stronghold - Equity Financing
In a recent disclosure, the publicly-listed bitcoin mining corporation Stronghold Digital Mining publicized its entry into a $15 million securities purchase agreement with an institutional investor. Furthermore, Stronghold elaborated that the firm’s Panther Creek Plant encountered unforeseen complications with ash silo flow, prompting a temporary suspension of a portion of its operations. This interruption resulted in the company operating at 60% capacity from Nov. 20 to Dec. 7, 2023.
Founders & Team
Matthew Smith
Greg Beard
Company Profile / Project Introduction
Stronghold Digital Mining is the only environmentally beneficial and vertically integrated public Bitcoin mining company. Stronghold Digital Mining uses waste left behind by decades-old coal power plants to generate electricity that powers hundreds of supercomputers working to mine bitcoin.