NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance: Bitcoin Mining Update Stronghold mined 179 Bitcoin in March 2024 and generated approximately $0.1 million in energy revenue, which represents the equivalent of approximately one additional Bitcoin based on the average price of Bitcoin during the month. This equates to approximately 180
An environmental community group on Tuesday sued Stronghold Digital Mining Inc, claiming the company's bitcoin mine in northeastern Pennsylvania that burns waste coal and old tires for energy is polluting nearby communities with dangerous chemicals. The lawsuit by Save Carbon County filed in state court in Philadelphia, also names Pennsylvania as a defendant. The group said Stronghold has created a public and private nuisance by releasing mercury into waterways and spewing harmful chemicals like sulfur dioxide into the air from an aging power plant it bought to power its energy-thirsty operations.
Gregory Beard, CEO and 10% Owner of Stronghold Digital Mining Inc (NASDAQ:SDIG), executed a sale of 35,896 shares in the company on March 18, 2024, according to a recent SEC Filing.