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Mar 31, 2024
Stronghold Q1 2024 Earnings Report
Stronghold reported strong sequential and year-over-year revenue growth and initiated a formal review of strategic alternatives.
Key Takeaways
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.
Revenue increased by 59% year-over-year to $27.5 million.
GAAP Net Income was $5.8 million.
Company generated 546 Bitcoin during the first quarter of 2024.
Strategic review process initiated to maximize shareholder value.
Revenue by Segment
Forward Guidance
Stronghold is progressing with its carbon capture project and aims for accreditation at the Scrubgrass Plant by the end of Q2 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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