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
288
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?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024