SDIG News

Spurred on by soaring Bitcoin prices in the last year, crypto-focused companies are taking the ball and running with it – right to the public markets. Since 2019, seven crypto-focused companies have completed traditional IPOs, one has direct listed, and four have gone public via SPAC merger. The group features an array of Bitcoin miners (CORZ, IREN, SDIG, ARBK,...read more

Beard Energy Transition Acquisition, a blank check company targeting electric power grid opportunities, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The SPAC is led by CEO and Chairman Gregory Beard, the CEO and co-Chairman of sustainably-powered...read more

The fall IPO market kept a brisk pace this past week with 11 IPOs, led by restaurant chain Portillo’s (PTLO). SPACs also stayed active, with 18 blank check IPOs. There was one postponement: winery Winc (WBEV). New filers continue to flood the pipeline, with 14 IPOs and X SPACs submitting initial filings. Portillo’s (PTLO) priced...read more

Stronghold Digital Mining, a Bitcoin mining company powered by wholly-owned coal refuse power plants, raised $127 million by offering 6.7 million shares at $19, above the range of $16 to $18. The company had originally planned to sell 5.9 million shares. Stronghold is a vertically integrated Bitcoin miner powering its operations with coal refuse power facilities in Pennsylvania. US...read more