We no longer believe targeting 8.0 EH/s by the end of 2022 is achievable, given the current circumstances, and we will focus on installing and optimizing the performance of the miners that we have already ordered while maximizing our financial flexibility.” “Over the past few months, we have faced significant headwinds in our operations which have materially impacted recent financial performance and have led us to re-assess our near-term growth plans. “We built Stronghold and consummated our IPO with the goal of becoming a leading Bitcoin miner, with core principles of being vertically integrated, delivering low costs, and having positive impacts on the environment and the communities in which we operate these principles remain intact,” said Greg Beard, co-chairman and chief executive officer of Stronghold.
Total liquidity at Mais approximately $50 million, comprising approximately $27 million in cash, including the approximately $24 million funded by WhiteHawk Finance LLC on Maunder the amended WhiteHawk Agreement, approximately $5 million in unrestricted digital currencies and approximately $18 million in availability under existing financing agreements.Bitcoin miners regarding their environmental footprints. Provided thorough and transparent response to congressional inquiry addressed to U.S.Initially amended the existing equipment financing agreement with WhiteHawk Finance LLC (the “WhiteHawk Agreement”) to extend the final MinerVa delivery date from Decemto Apand subsequently amended the WhiteHawk Agreement to remove all MinerVa miners from the collateral package in exchange for other miners and a $25 million increase in the total advance.Secured approximately $54 million in equipment financing on Decemwith NYDIG ABL, LLC (“NYDIG”).On March 28, 2022, we restructured our existing data center hosting agreement on favorable terms to obtain an additional 2,675 miners at a cost of $37.50 per terahash per second and temporarily reduced the profit share to be received by the partner while incorporating performance thresholds until the data center build-out is complete.
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(Nasdaq: SDIG) (“Stronghold,” or the “Company”) today reported financial results for its fourth quarter and full year ended December 31, 2021, and provided an operational update.įourth Quarter and Year-End 2021 and Recent Operational and Financial Highlights Secure Sleeves Credit Card Covers: With our secure sleeve shielding technology, your cards are protected in any wallet! RFID Passport Holders: Secure your contactless travel documents with Identity Stronghold's RFID passport wallets and sleeves.NEW YORK, Ma(GLOBE NEWSWIRE) - Stronghold Digital Mining, Inc. Get maximum security inside a minimalist design as well as larger wallets with the Identity Stronghold RFID Wallet for Men and ID Stronghold Wallets for Women. Protect your Access ID Cards and First Responder Cards from cloning today! Men's and Women's RFID Wallets: ID Stronghold is known for its unsurpassed shielding in the RFID wallet industry. Our ID badge holders block the electromagnetic signals used in RFID cards. ID Holders: RFID-blocking badge holders helps to ensure that only the people who should have access to a facility can get in. With our wide variety of products, we guarantee you will find something that will fit your style no matter the occasion while keeping your information safe. On our site you will find the industry's best RFID blocking ID Badge Holders, Sleeves and Wallets.
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