{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-049546","form_type":"8-K","ticker":null,"cik":"0001856028","company_name":"Stronghold Digital Mining, Inc.","filed_at":"2024-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.092787+00:00","generated_at":"2026-05-29T03:43:34.757071+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Stronghold Digital Mining restates Q3 2024 financials after SEC challenge; material weakness identified","bullets":["Restatement due to error in Bitcoin miner hosting revenue recognition; cumulative impact decreases hosting revenue by $3,145,003.","SEC disagreed with company's materiality assessment, prompting non-reliance on originally filed Q3 10-Q.","Offsetting reclassifications: realized gain on sale of digital currencies increased by $3,257,827; unrealized gain decreased by $112,824.","Company identified material weakness in internal control over financial reporting as of September 30, 2024.","Stronghold will file amended 10-Q/A contemporaneously with this 8-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-049546","json":"https://secwatch.observer/filing/0001140361-24-049546.json","markdown":"https://secwatch.observer/filing/0001140361-24-049546.md","text":"https://secwatch.observer/filing/0001140361-24-049546.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124049546/0001140361-24-049546-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124049546/ef20040060_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T03:43:34.757071+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":"0b0ef954f19acd18c060852fb82af5a5b16a0c5d","claim":"Stronghold Digital Mining, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"Accordingly, in connection with the SEC’s review, the Company’s management, in consultation with its advisors, reevaluated its materiality assessment for the 2024 quarterly periods and concluded that the Original Form 10-Q should no longer be relied upon due to the cumulative magnitude of the classification error identified.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124049546/0001140361-24-049546-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}