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Why Shares of Stronghold Digital Mining Crashed Today

Bram Berkowitz, The Motley Fool
·1-min read
Why Shares of Stronghold Digital Mining Crashed Today

Shares of the Bitcoin miner Stronghold Digital Mining (NASDAQ: SDIG) had dropped nearly 34% as of 10:13 a.m. ET after reporting disappointing earnings results for the fourth quarter of 2021. Stronghold reported a net loss of $0.52 earnings per share on total revenue of more than $17 million for the three months ending Dec. 31, 2021. Earnings significantly missed analyst estimates for the quarter of $0.04 earnings per share, although revenue came in slightly below estimates.

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