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SDIG Price Correlated With Financials For Stronghold Digital Mining

Free historical financial statements for Stronghold Digital Mining Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 3 quarters since 2021. Compare with SDIG stock chart to see long term trends.

SDIG Stock Compared to Quarterly

SDIG Income Statement

Revenue, Net:28700059
Revenue Per Share:1.4204
Selling, General & Admin Expense:11424231
Total Operating Expenses:58337425
Operating Income:-29637366
Income Taxes:0
Net Income:-32306416
Earnings Per Share, Basic:-0.66
Shares Outstanding, Basic Avg:20206103

SDIG Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:-410525
Net Cash from Operations:-2502222
Net Cash from Operations Per Share:-0.1238
Net Cash from Financing Activities:25942722
Net Cash from Investing Activities:-29749922
Net Change in Cash & Equivalents:-6309422

SDIG Balance Sheet

Cash and Cash Equivalents:25480693
Accounts Receivable, Net:1701331
Total Current Assets:50615251
Total Assets:371702899
Accounts Payable:28239743
Current Portion of Long-Term Debt:78693973
Total Short-Term Liabilities:124360796
Long Term Debt, Non-Current Portion:32063889
Total Liabilities:158378480

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Hound Partners, LLC
1,365,944 sh
-248,681 sh
Blackrock Inc.
435,648 sh
3,354 sh
Vanguard Group Inc
342,273 sh
-284 sh
Allspring Global Investments Holdings, LLC
212,687 sh
Emerald Advisers, LLC
211,240 sh
87,700 sh
Knott David M Jr
199,322 sh
-200,003 sh
Verition Fund Management LLC
156,578 sh
136,578 sh
Van Eck Associates Corp
142,762 sh
-23,087 sh
Neuberger Berman Group LLC
136,030 sh
-9,870 sh
Geode Capital Management, LLC
108,848 sh
-16,191 sh
Kepos Capital Lp
100,000 sh
Northern Trust Corp
62,175 sh
-2,891 sh
Aj Wealth Strategies, LLC
45,529 sh
7,936 sh
Empowered Funds, LLC
35,268 sh
35,268 sh
King Luther Capital Management Corp
33,500 sh
17,000 sh
Group One Trading, L.P.
28,835 sh
27,910 sh
Morgan Stanley
28,777 sh
21,213 sh
Ci Investments Inc.
28,000 sh
28,000 sh
B. Riley Wealth Management, Inc.
21,687 sh
8,187 sh
Bank Of New York Mellon Corp
21,526 sh
-265 sh

Stronghold Digital Mining, Inc. (“Stronghold Inc.” or "the Company") was incorporated as a Delaware corporation on March 19, 2021. On April 1, 2021, contemporaneously with the Series A Private Placement (as defined below), Stronghold Inc. underwent a corporate reorganization pursuant to a Master Transaction Agreement, which will be referred to herein as the “Reorganization.”

Immediately prior to the Reorganization, Q Power LLC (“Q Power”) directly held all of the equity interests in Stronghold Digital Mining LLC (“SDM”), and indirectly held 70% of the limited partner interests, and all of the general partner interests, in Scrubgrass Reclamation Company, L.P. (f/k/a Scrubgrass Generating Company, L.P.) (“Scrubgrass LP”), through wholly owned subsidiaries EIF Scrubgrass LLC (“EIF Scrubgrass”), Falcon Power LLC (“Falcon”) and Scrubgrass Power LLC. Aspen Scrubgrass Participant, LLC ("Aspen") held the remaining 30% of the limited partner interests in Scrubgrass LP (the “Aspen Interest”). Scrubgrass LP is a Delaware limited partnership originally formed on December 1, 1990 under the name of Scrubgrass Generating Company, L.P. SDM is a Delaware limited liability company originally formed on February 12, 2020 under the name Stronghold Power LLC (“Stronghold Power”).

On April 1, 2021 Stronghold Inc. entered into a Series A Preferred Stock Purchase Agreement pursuant to which Stronghold Inc. issued and sold 9,792,000 shares of Series A Convertible Redeemable Preferred Stock (the “Series A Preferred Stock”) in a private offering (the “Series A Private Placement”) at a price of $8.68 per share to various accredited individuals in reliance upon exemptions from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Regulation D thereunder for aggregate consideration of approximately $85.0 million. In connection with the Series A Private Placement, the Company incurred approximately $6.3 million in fees and $631,897 as debt issuance costs for warrants issued as part of the Series A Private Placement.

Contemporaneously with the Reorganization, Stronghold Inc. acquired the Aspen Interest using 576,000 shares of newly issued Series A Preferred Stock and $2,000,000 from a portion of the proceeds from the Series A Private Placement. The acquisition of the Aspen Interest is a total consideration of $7,000,000 that consists of the $2,000,000 in cash plus a valuation of $5,000,000 for the 576,000 shares of the Series A Preferred Stock at the issuance per share price of $8.68, and are classified as permanent equity and not subject to mandatory redemptions as outlined in Stronghold Inc.'s certificate of incorporation, as amended (the “Charter”). Pursuant to the Reorganization, Q Power contributed all of its ownership interests in EIF Scrubgrass, Falcon and SDM to Stronghold Digital Mining Holdings LLC (“Stronghold LLC”) in exchange for 27,072,000 Class A common units of Stronghold LLC (“Stronghold LLC Units”), Stronghold Inc. contributed cash (using the remaining proceeds from the Series A Private Placement, net of fees, expenses and amounts paid to Aspen), 27,072,000 shares of Class V common stock of Stronghold Inc. and the Aspen Interest to Stronghold LLC in exchange for 10,368,000 preferred units of Stronghold LLC, and Stronghold LLC immediately thereafter distributed the 27,072,000 shares of Class V common stock to Q Power. In addition, effective as of April 1, 2021, Stronghold Inc. acquired 14,400 Stronghold LLC Units held by Q Power (along with an equal number of shares of Class V common stock) in exchange for 14,400 newly issued shares of Class A common stock.

As a result of the Reorganization, the acquisition of the Aspen Interest and the acquisition of Stronghold LLC Units by Stronghold Inc. discussed above, (a) Q Power acquired and retained 27,057,600 Stronghold LLC Units, 14,400 shares of Class A common stock of Stronghold Inc., and 27,057,600

Data imported from Stronghold Digital Mining Inc. SEC filings. Check original filings before making any investment decision.