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Breaking: Nasdaq-Listed Bitcoin Mining Company Buying Miners Worth Millions

Nasdaq-listed Stronghold Digital Mining (SDIG) plans to purchase bitcoin mining machines through $10 million in private equity financing. The Bitcoin mining company plans to purchase miners worth millions to increase production and introduce new mining machines. SDIG stock price is rallying nearly 4% in pre-market hours.

Strong Digital Mining signed a securities purchase agreement with institutional investors to sell 9 million Class A shares and Stronghold CEO Greg Beard to sell 1 million Class A shares under private placement to purchase Bitcoin miners.

Also, the Company will issue to the Purchasers warrants to purchase an aggregate of 10 million Class A shares, with an initial exercise price of $1.10 per share, as per a press release on April 21.

(By Varinder Singh)

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