Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Stronghold Digital Mining, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $21.7 million, net income $21.2 million.
- Period
- the fourth quarter and year ended December 31, 2023
- Revenue
- $21.7 million
- Net income
- $21.2 million
- Result
- reported results
Exact text from the filing
reduction. Fixed costs include operations & maintenance expenses and general & administrative expenses, excluding stock-based compensation. • The Company generated revenues of $21.7 million, net loss of $21.2 million, and non-GAAP Adjusted EBITDA of $2.3 million during the fourth quarter of 2023. Revenues comprised $15.1 million from cryptocurrency self-mining,
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Stronghold Digital Mining, Inc. entered into Electricity Sales and Purchase Agreements with Champion Energy Services, LLC valued at $425,000 deposit per subsidiary; estimated cost of power approximately $10-12/MWh plus wholesale pow (effective 2024-02-29).
- Action
- entry
- Agreement
- supply
- Counterparty
- Champion Energy Services, LLC
- Value
- $425,000 deposit per subsidiary; estimated cost of power approximately $10-12/MWh plus wholesale pow
- Effective
- 2024-02-29
Exact text from the filing
On February 29, 2024, each of Stronghold Digital Mining Inc.’s (the “Company”) wholly owned subsidiaries, Scrubgrass Reclamation Company, L.P. (“Scrubgrass”) and Panther Creek Power Operating, LLC (“Panther Creek”) entered into Electricity Sales and Purchase Agreements (collectively, the “ESPAs”) and Transaction Addendums (collectively, the “Addendums”) with Champion Energy Services, LLC (“Champion”).
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