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Stronghold Digital Mining Priced, Nasdaq: SDIG

Bitcoin mining company powered by wholly-owned coal refuse power plants.

Industry: Technology

Latest Trade: $31.02 +12.02 (+63.3%)

First Day Return: n/a

Return from IPO: 0.0%

Industry: Technology

We are a vertically integrated crypto asset mining company currently focused on mining Bitcoin. We wholly-own and operate a low-cost, environmentally-beneficial coal refuse power generation facility that we have upgraded in Scrubgrass Township, Pennsylvania (the “Scrubgrass Plant”), and it is classified under Pennsylvania law as a Tier II alternative energy source (equivalent to a large-scale hydropower plant). We are committed to generating our energy and managing our assets sustainably, and we believe that we are one of the first vertically integrated crypto asset mining companies with a focus on environmentally-beneficial operations. Simply put, we employ 21st century crypto mining techniques to remediate the impacts of 19th and 20th century coal mining in some of the most environmentally neglected regions of the United States. In addition to being environmentally-beneficial and sustainable, owning our own source of power helps us to produce Bitcoin at one of the lowest prices among our publicly traded peers. We also believe that owning our own power source makes us a more attractive partner to crypto asset mining equipment purveyors. For example, we have been able to enter into partnerships with crypto asset industry participants, including miner sharing arrangements, because we offered competitive power rates in a mutually beneficial arrangement.
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IPO News for Stronghold Digital Mining
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IPO Data
IPO File Date 07/27/2021
Offer Price $19.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.7
Deal Size ($mm) $127
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/19/2021
Offer Price $19.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.7
Deal Size ($mm) $127
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2021
Employees 42
Website www.strongholddigitalmining.com