{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-023845","form_type":"8-K","ticker":null,"cik":"0001856028","company_name":"Stronghold Digital Mining, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.902672+00:00","generated_at":"2026-06-03T00:54:14.336547+00:00","sec_items":["2.02","5.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Stronghold Digital Q1 revenue $27.5M (+59% YoY), net income $5.8M; launches strategic review","bullets":["Revenue $27.5M (+59% YoY); GAAP net income $5.8M; adjusted EBITDA $8.7M.","Mined 546 Bitcoin in Q1 (561 Bitcoin-equivalent); April mined 155 Bitcoin; hash rate 3.6 EH/s.","Initiated formal strategic review; considering sale or other transaction; retained Cohen & Co. and Vinson & Elkins.","Appointed Ryan Weber as CAO; salary $225K; target bonus $50K; additional 10,000 RSUs over 2 years.","Cash and equivalents $8.0M as of Apr 30; debt $55.3M; $3.4M ATM capacity remaining."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-023845","json":"https://secwatch.observer/filing/0001140361-24-023845.json","markdown":"https://secwatch.observer/filing/0001140361-24-023845.md","text":"https://secwatch.observer/filing/0001140361-24-023845.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124023845/0001140361-24-023845-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124023845/ef20028272_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:54:14.336547+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7247b7ef7e5c387d1f5d8f914aeb6708bc72b221","claim":"Stronghold Digital Mining, Inc. reported the first quarter ended March 31, 2024 results: revenue $27.5 million, net income $5.8 million.","evidence_excerpt":"Stronghold Digital Mining, Inc. ( NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the first quarter of 2024 and provided other strategic updates: Recent Financial Highlights • The Company generated revenues of $27.5 million during the first quarter of 2024, up 27% sequentially and 59% year-over-year. Revenues comprised $26.7 million from cryptocurrency operations, $0.7 million from the sale of energy, and $0.1 million from other activities. • First quarter 2024 fixed costs were down 3% sequentially and 11% year-over-year, demonstrating Stronghold’s operating leverage and cost controls. Fixed costs include operations & maintenance expenses and general & administrative expenses, excluding stock-based compensation. • The Company earned GAAP Net Income of $5.8 million and non-GAAP Adjusted EBITDA of $8.7 million during the first quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124023845/0001140361-24-023845-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$27.5 million"},{"label":"Net income","value":"$5.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7ff5a9f348","claim":"Ryan Weber was appointed as Chief Accounting Officer at Stronghold Digital Mining, Inc..","evidence_excerpt":"On May 1, 2024 (the “Effective Date”), the Company’s Board of Directors (“Board”) appointed Ryan Weber, age 38, to serve as the Company’s Chief Accounting Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124023845/0001140361-24-023845-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"d34427169d","claim":"Matthew Smith changed role as Chief Financial Officer at Stronghold Digital Mining, Inc..","evidence_excerpt":"Matthew Smith, who will continue in his role as Chief Financial Officer, will no longer serve as the principal accounting officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124023845/0001140361-24-023845-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}