Stronghold Digital Mining will hold an IPO on Nasdaq
In total, it plans to attract financing in the amount of $106 million
15.10.2021 - 09:00
378
1 min
0
What's new? A large mining company Stronghold Digital Mining (SDM) has applied to the U.S. Securities and Exchange Commission (SEC). SDM plans to raise up to $106 million as part of the IPO procedure on the Nasdaq exchange. If approved, the shares will appear under the SDIG ticker.
Application on the SEC website
What is known about the company? Stronghold Digital Mining is engaged in mining cryptocurrencies using renewable energy. The company receives the main volumes by converting coal waste into electricity. SDM is based in Pennsylvania.
What will the funds be used for? Stronghold Digital Mining expects to purchase new mining devices and increase the hashrate from 185 PH/s to 2100 PH/s by the end of this year and to 8000 PH/s by the end of 2022.
Useful material?
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024
Trends
According to the fund’s analysts, stablecoins with a peg to the US dollar will gain popularity as the main means of settlement
Dec 5, 2024