---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-011606"
form_type: "8-K"
ticker: null
cik: "0001856028"
company_name: "Stronghold Digital Mining, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:57:03.688451+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Stronghold Q4 2023 net loss $21.2M on $21.7M revenue, adjusted EBITDA $2.3M

## Summary
- Q4 2023: mined 599 BTC, revenue $21.7M ($15.1M self-mining, $5.4M hosting, $1.1M energy); net loss $21.2M.
- Adjusted EBITDA $2.3M; fixed costs down ~$33M (37%) YoY, now under $1M miner commitments pre-halving.
- Entered ESPAs with Champion Energy (Calpine): expected power cost ~$10-12/MWh plus wholesale; deposits $850K total.
- Carbon capture project registered on Puro; second Karbolith installed at Scrubgrass at 50% lower cost ($33K).
- Cash & Bitcoin $10.2M as of Feb 29, debt $55.8M; $3.4M ATM capacity unused since Q4.

## SEC filing metadata
- accession: 0001140361-24-011606
- form_type: 8-K
- cik: 0001856028
- company_name: Stronghold Digital Mining, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856028/000114036124011606/0001140361-24-011606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856028/000114036124011606/ef20023407_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-011606
- JSON: https://secwatch.observer/filing/0001140361-24-011606.json
- Plain text: https://secwatch.observer/filing/0001140361-24-011606.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036124011606/0001140361-24-011606-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036124011606/0001140361-24-011606-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.