Stronghold Digital Mining filed a prospectus to sell up to 10 million Class A shares as part of its efforts to preserve cash.

The offering consists of 2.27 million shares of Class A common stock that have been issued to the selling stockholder, 2.73 million shares of Class A common stock that are issuable upon the exercise of pre-funded warrants acquired by the selling stockholder and 5 million shares of Class A common stock that are issuable upon the exercise of warrants acquired by the selling stockholder.

(By Christiana Loureiro)