An American mining company Stronghold Digital Mining, focused on using green energy рассчитывает привлечь $105 million following an IPO on Nasdaq.
The shares could be listed under the ticker SDIG.
Stronghold Digital Mining converts coal waste dumps into energy used to mine Bitcoin. The regulator of Pennsylvania, where the company is based, has given this energy green status on a par with hydropower.
The firm’s equipment fleet comprises 1,800 ASIC devices with a hash rate of 85 PH/s.
In April, Stronghold Digital Mining agreed to a supply of 27,300 miners with a computing power of 2,600 PH/s. The company aims to raise the total hash rate to 3,000 PH/s by the end of this year and to 5,300 PH/s by the end of next year.
The company estimates that after deploying the equipment, the cost of mining one Bitcoin will be $3,000.
Stronghold Digital Mining plans to sell the mined coins solely to cover operating costs and capital expenditures. The coins are stored by Coinbase Global.
As noted in June, the mining company attracted $105 million following two private placements of securities.
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