Stronghold (SDIG) Issues May 2024 Bitcoin Mining and Operational Update

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Go back to Stronghold (SDIG) Issues May 2024 Bitcoin Mining and Operational Update

Stronghold Provides May 2024 Bitcoin Mining and Operational Update

June 7, 2024 4:30 PM EDT

NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (Stronghold or the Company) today provided the following updates regarding its operations and financial performance:

Bitcoin Mining Update

Stronghold mined 82 Bitcoin in May 2024 and the Company generated an estimated $5.2 million of revenue during May, a decrease of 46% compared to April 2024. The primary driver of the decline was due to the first full month of post-halving operations. Average hash price in May was $0.052 per TH/s per day compared to $0.095... More