{"id":51179,"date":"2021-10-14T11:30:37","date_gmt":"2021-10-14T08:30:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51179"},"modified":"2025-09-02T22:16:56","modified_gmt":"2025-09-02T19:16:56","slug":"stronghold-digital-mining-to-raise-up-to-106-million-in-nasdaq-ipo","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stronghold-digital-mining-to-raise-up-to-106-million-in-nasdaq-ipo\/","title":{"rendered":"Stronghold Digital Mining to raise up to $106 million in Nasdaq IPO"},"content":{"rendered":"<p>American mining company Stronghold Digital Mining, focused on the use of green energy, is set to raise $94-$106 million from an <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> on Nasdaq. Such data are contained in the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1856028\/000156459021050660\/sdmi-s1a.htm\">filing<\/a> with the <span data-descr=\"Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>.<\/p>\n<p>Investors will be offered 5.9 million shares at a price range of $16-$18. The underwriters will have an option to purchase up to an additional 882,000 shares. The offering is being led by Tudor, Pickering, Holt &#038; Co.<\/p>\n<p>Shares may list under the ticker SDIG.<\/p>\n<p>Funds will be used to purchase ASIC devices and energy-generating assets.<\/p>\n<p>The company\u2019s equipment fleet consists of 3,000 miners with a combined hashrate of 185 PH\/s. It plans to raise that to 2,100 PH\/s by December 2021 and to 8,000 PH\/s by the end of next year.<\/p>\n<p>Stronghold Digital Mining converts coal waste into energy used for Bitcoin mining. The state of Pennsylvania, where the company is based, has given this energy green status on a par with hydropower.<\/p>\n<p>The company plans to sell the mined cryptocurrencies solely to cover operating costs and capital expenditures. The storage of the coins is handled by Coinbase Global.<\/p>\n<p>Earlier, the mining company <a href=\"https:\/\/forklog.com\/en\/news\/stronghold-digital-mining-raises-105m-in-funding\">raised $105 million<\/a> following two private placements of securities.<\/p>\n<p>Gryphon Digital Mining, focused on green mining, <a href=\"https:\/\/forklog.com\/en\/news\/green-focused-gryphon-digital-mining-to-go-public-via-reverse-merger\">announced<\/a> plans to go public via a reverse merger with data-management provider Sphere 3D.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American mining company Stronghold Digital Mining, focused on green energy, is set to raise $94-106 million from an IPO on Nasdaq. The data are in the SEC filing. Investors will be offered 5.9 million shares at a price range of $16-18. The underwriters will have an option to acquire an additional 882,000 shares. The bookrunner is Tudor, Pickering, Holt &#038; Co.<\/p>\n","protected":false},"author":1,"featured_media":51180,"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":[1137,1259,1211,1659],"class_list":["post-51179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ecology","tag-stock-market","tag-stronghold-digital-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51179","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=51179"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51179\/revisions"}],"predecessor-version":[{"id":51181,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51179\/revisions\/51181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51180"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}