Bitcoin Miner Stronghold Files For Nasdaq IPO

Bitcoin mining company Stronghold Digital Mining has filed with the U.S. Securities and Exchange Commission (SEC) for a proposed $100 million initial public offering (IPO). The firm plans to list its Class A common stock on the Nasdaq Global Market under the ticker SDIG.

Stronghold is a vertically integrated bitcoin mining company that operates a wholly-owned, low-cost power regeneration facility in Pennsylvania. The company’s business model is focused on converting coal waste directly into value through bitcoin mining.

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