---
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"
generated_at: "2026-05-29T03:43:34.757071+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stronghold Digital Mining restates Q3 2024 financials after SEC challenge; material weakness identified

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-049546
- form_type: 8-K
- cik: 0001856028
- company_name: Stronghold Digital Mining, Inc.
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-049546
- JSON: https://secwatch.observer/filing/0001140361-24-049546.json
- Plain text: https://secwatch.observer/filing/0001140361-24-049546.txt

## Key facts
- Auditor Changes
  Stronghold Digital Mining, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036124049546/0001140361-24-049546-index.htm

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