secwatch.observer — SEC 8-K summary
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Issuer:     Stronghold Digital Mining, Inc. (—)
CIK:        0001856028
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001140361-24-011606
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856028/000114036124011606/0001140361-24-011606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856028/000114036124011606/ef20023407_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-011606

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer