Stronghold Digital Mining reported revenues of $11.2 million, a GAAP Net Loss of $22.7 million, and a non-GAAP Adjusted EBITDA Loss of $5.5 million for the third quarter of 2024. The company generated 188 Bitcoin and approximately $0.5 million of energy revenues, representing the equivalent of 8 Bitcoin.

Stronghold Digital Mining reported a slight increase in revenue compared to the same quarter last year, but experienced a substantial net loss. The company is actively pursuing strategic alternatives and site expansion opportunities.

Stronghold Digital Mining, Inc. announced its Q1 2024 financial results, highlighted by a 59% year-over-year increase in revenue to $27.5 million and a GAAP net income of $5.8 million. The company has initiated a formal strategic review process to maximize shareholder value.

Stronghold Digital Mining, Inc. announced its Q4 2023 financial results, reporting revenues of $21.7 million, a net loss of $21.2 million, and a non-GAAP Adjusted EBITDA of $2.3 million. The company achieved ~3.8 EH/s of actual hash rate and made advancements in its carbon capture project. They also reduced fixed costs by ~37% compared to the previous year.

Stronghold Digital Mining reported Q3 2023 revenues of $17.7 million and a net loss of $22.3 million. The company is focusing on carbon capture initiatives and expects a 20% sequential growth in hash rate for Q4 2023.

Stronghold Digital Mining reported Q2 2023 results, including revenue of $18.2 million, a net loss of $11.7 million, and a non-GAAP Adjusted EBITDA loss of $2.6 million. The company mined 626 Bitcoin, representing growth compared to previous quarters. They also accelerated their hash rate guidance and expect to achieve 4 EH/s by September 1, 2023.

Stronghold Digital Mining reported Q1 2023 revenue of $17.3 million and a net loss of $46.7 million. The company is focused on expanding its hash rate capacity to 4 EH/s by the end of Q3 2023 and has made progress in deleveraging its balance sheet.

Stronghold Digital Mining reported Q4 2022 revenue of $23.4 million, a net loss of $47.4 million, and a non-GAAP adjusted EBITDA of $5.2 million. The company is focused on deleveraging, enhancing liquidity, and improving operational efficiency.

Stronghold Digital Mining reported a net loss of $49.6 million for Q3 2022, despite a 311% increase in revenues to $24.7 million compared to the same quarter last year. The revenue growth was driven by increased cryptocurrency mining and energy revenue. The company has also been actively managing its debt and expanding its mining fleet.

Stronghold Digital Mining reported a significant increase in revenue driven by Bitcoin mining and energy sales. The company underwent major debt restructuring to improve financial flexibility. A net loss was reported due to increased operating expenses and asset impairments.

Stronghold Digital Mining reported a net loss of $32.3 million for Q1 2022, compared to a net loss of $0.2 million in the same quarter a year ago. Revenues increased to $28.7 million, driven by higher energy generation and cryptocurrency mining revenues. The company mined 438 Bitcoin during the quarter and averaged a hash rate of 0.9 EH/s.

Stronghold Digital Mining reported a significant increase in revenue for Q4 2021 compared to the previous year, driven by higher energy generation and crypto asset mining revenues. However, the company experienced a net loss due to increased operating expenses, primarily related to power asset operations and scaling the organizational structure. Operational challenges and delays in miner deliveries negatively impacted cash flow and growth plans.

Stronghold Digital Mining reported a 527% increase in revenues to $6.0 million compared to the same quarter a year ago. The increase is primarily attributable to higher energy generation and crypto asset mining revenues. Net loss for the third quarter was ($6.3) million.