{"id":46829,"date":"2021-07-28T12:37:24","date_gmt":"2021-07-28T09:37:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46829"},"modified":"2025-09-01T18:23:54","modified_gmt":"2025-09-01T15:23:54","slug":"stronghold-digital-mining-to-raise-105-million-in-nasdaq-ipo","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stronghold-digital-mining-to-raise-105-million-in-nasdaq-ipo\/","title":{"rendered":"Stronghold Digital Mining to raise $105 million in Nasdaq IPO"},"content":{"rendered":"<p>An American mining company Stronghold Digital Mining, focused on using green energy<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001856028\/000156459021038087\/sdmi-s1.htm\"> \u0440\u0430\u0441\u0441\u0447\u0438\u0442\u044b\u0432\u0430\u0435\u0442<\/a> \u043f\u0440\u0438\u0432\u043b\u0435\u0447\u044c $105 million following an <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> on Nasdaq.<\/p>\n<p>The shares could be listed under the ticker SDIG.<\/p>\n<p>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.<\/p>\n<p>The firm\u2019s equipment fleet comprises 1,800 ASIC devices with a hash rate of 85 PH\/s.<\/p>\n<p>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.<\/p>\n<p>The company estimates that after deploying the equipment, the cost of mining one Bitcoin will be $3,000.<\/p>\n<p>Stronghold Digital Mining plans to sell the mined coins solely to cover operating costs and capital expenditures. The coins are stored by Coinbase Global.<\/p>\n<p>As noted in June, the mining company <a href=\"https:\/\/forklog.com\/en\/news\/stronghold-digital-mining-raises-105m-in-funding\">attracted $105 million<\/a> following two private placements of securities.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An American mining company, Stronghold Digital Mining, focused on green energy, expects to raise $105 million following a Nasdaq IPO.<\/p>\n","protected":false},"author":1,"featured_media":46830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1259,768,1211,1659],"class_list":["post-46829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ecology","tag-nasdaq","tag-stock-market","tag-stronghold-digital-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46829"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46829\/revisions"}],"predecessor-version":[{"id":46831,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46829\/revisions\/46831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/46830"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}