Private company

Stronghold Digital Mining, Inc.

American finance services company based in New York, incorporated in Delaware1

In its 2024 annual report the company says: “The Company is a low-cost, environmentally beneficial, vertically integrated crypto asset mining company focused on mining Bitcoin and environmental remediation and reclamation services.”5

Last updated Oct 20, 2026.

Overview

$75.0MRevenue, fiscal 20232
-$50.9MNet income, fiscal 20232
  • IndustryFinance Services1
  • HeadquartersNew York, New York1
  • Incorporated inDE3
  • Business address595 Madison Avenue, 28Th Floor, New York, Ny 100223
  • Filer category, Emerging growth company3
  • Legal formCorporation

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Stronghold Digital Mining, Inc. ("Stronghold Inc.," the "Company," “we,” “us,” or “our”) was incorporated as a Delaware corporation on March 19, 2021. The Company is a low-cost, environmentally beneficial, vertically integrated crypto asset mining company focused on mining Bitcoin and environmental remediation and reclamation services. The Company wholly owns and operates two coal refuse power generation facilities that it has upgraded: (i) the Company's first reclamation facility located on a 650-acre site in Scrubgrass Township, Venango County, Pennsylvania, which the Company acquired the remaining interest of in April 2021, and has the capacity to generate approximately 83.5 megawatts (“MW”) of electricity (the "Scrubgrass Plant"); and (ii) a facility located near Nesquehoning, Pennsylvania, which the Company acquired in November 2021, and has the capacity to generate approximately 80…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-83.3%Operating margin2
-67.9%Net margin2
-32.0%Revenue growth, 20232
-117.3%Return on equity2
1.29×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs87¢$65.1M
  • Interest13¢$9.8M

Out of $75.0M in revenue.2 The company lost money this year.

Financial statements

Revenue672$75.0M in 2023+1720% since 2020
0$50.0M$100.0M$150.0M2020: $4.1M$4.1M20202021: $30.9M$30.9M2021+651%2022: $110.2M$110.2M2022+257%2023: $75.0M$75.0M2023−32%
Operating income672-$62.4M in 2023+2496% since 2020
-$150.0M-$100.0M-$50.0M02020: -$2.4M-$2.4M20202021: -$22.0M-$22.0M2021+815%2022: -$147.3M-$147.3M2022+569%2023: -$62.4M-$62.4M2023−58%
Net income672-$50.9M in 2023+35008% since 2020
-$100.0M-$75.0M-$50.0M-$25.0M02020: -$145.0K-$145.0K20202021: -$27.3M-$27.3M2021+18698%2022: -$89.3M-$89.3M2022+228%2023: -$50.9M-$50.9M2023−43%
Fiscal year20192020202120222023
Revenue$4.1M6$30.9M7$110.2M2$75.0M2
Operating expenses$52.9M7$257.5M2$137.4M2
Operating income-$2.4M6-$22.0M7-$147.3M2-$62.4M2
Interest$205.5K6$4.6M7$13.9M2$9.8M2
Income tax$06$07$02$02
Net income-$145.0K6-$27.3M7-$89.3M2-$50.9M2
Earnings per share-$2.037-$34.532-$7.462
Earnings per share (diluted)-$2.037-$34.532-$7.462
Shares (weighted, basic)5.5M shares72.6M shares26.8M shares2
Shares (weighted, diluted)5.5M shares72.6M shares26.8M shares2

Compare Stronghold Digital Mining, Inc. with another company

Corporate structure

Stronghold Digital Mining, Inc. sits at the top of its group. 19 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Stronghold Digital Mining, Inc.

  • Beryl Capital Management LLC Filed SCHEDULE 13G/A on Stronghold Digital Mining, Inc., latest May 15, 2025 (4 filings since Aug 23, 2024)
  • CONTINENTAL GENERAL INSURANCE CO Filed SCHEDULE 13G/A on Stronghold Digital Mining, Inc., latest May 14, 2025 (5 filings since Jan 5, 2023)
  • Trium Capital LLP Filed SCHEDULE 13G/A on Stronghold Digital Mining, Inc., latest Apr 3, 2025 (2 filings since Jan 16, 2025)
  • Q Power LLC Filed SCHEDULE 13D/A on Stronghold Digital Mining, Inc., latest Mar 19, 2025 (5 filings since Feb 14, 2022)
  • HANSAINVEST Hanseatische Investment-Limited Co Filed SCHEDULE 13G on Stronghold Digital Mining, Inc., latest Jan 2, 2025
  • ARMISTICE CAPITAL, LLC Filed SC 13G/A on Stronghold Digital Mining, Inc., latest Nov 14, 2024 (3 filings since Feb 14, 2023)
  • ADAGE CAPITAL PARTNERS GP, L.L.C. Filed SC 13G/A on Stronghold Digital Mining, Inc., latest Feb 7, 2024 (3 filings since Nov 15, 2022)
  • Hound Partners, LLC Filed SC 13G/A on Stronghold Digital Mining, Inc., latest Feb 14, 2023 (4 filings since Nov 1, 2021)
  • ARDSLEY ADVISORY PARTNERS LP Filed SC 13G/A on Stronghold Digital Mining, Inc., latest Jan 25, 2023 (2 filings since Feb 8, 2022)
  • William H. Miller Iii. Filed SC 13G/A on Stronghold Digital Mining, Inc., latest Dec 8, 2022 (2 filings since Feb 3, 2022)
  • Whitehawk Finance LLC Filed SC 13G on Stronghold Digital Mining, Inc., latest Nov 7, 2022
  • Stronghold Digital Mining, Inc. New York, New York
    • CLEARFIELD PROPERTIES, INC. Subsidiary · Delaware, United States
    • EIF SCRUBGRASS, LLC Subsidiary · Delaware, United States
    • LIBERTY BELL FUNDING LLC Subsidiary · Delaware, United States
    • OLYMPUS PANTHER HOLDINGS, LLC Subsidiary · Delaware, United States
    • PANTHER CREEK PERMITTING, LLC Subsidiary · Delaware, United States
    • PANTHER CREEK POWER OPERATING, LLC Subsidiary · Delaware, United States
    • PANTHER OP INTEREST HOLDINGS, LLC Subsidiary · New York, United States
    • SCRUBGRASS POWER LLC Subsidiary · Pennsylvania, United States
    • SCRUBGRASS RECLAMATION COMPANY, L.P. Subsidiary · Delaware, United States
    • STRONGHOLD CARBON CAPTURE, LLC Subsidiary · Pennsylvania, United States
    • STRONGHOLD DIGITAL MINING BT, LLC Subsidiary · Delaware, United States
    • STRONGHOLD DIGITAL MINING EQUIPMENT, LLC Subsidiary · Delaware, United States
    • STRONGHOLD DIGITAL MINING HASHCO, LLC Subsidiary · Delaware, United States
    • STRONGHOLD DIGITAL MINING HOLDINGS LLC Subsidiary · Delaware, United States
    • STRONGHOLD DIGITAL MINING HOSTING, LLC Subsidiary · Delaware, United States
    • STRONGHOLD DIGITAL MINING OPERATING, LLC Subsidiary · Delaware, United States
    • STRONGHOLD DIGITAL MINING PENN, LLC Subsidiary · Pennsylvania, United States
    • STRONGHOLD DIGITAL MINING TH, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Stronghold Digital Mining, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$1.7M2 Dec 31, 2023$1.7M2 Dec 31, 20220%
Operating-lease assets (leased space)$1.5M2 Dec 31, 2023$1.7M2 Dec 31, 2022−14.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.2M2 Dec 31, 2023$13.3M2 Dec 31, 2022−68.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Indefinite-lived intangibles (excluding goodwill)$3.2M2 Dec 31, 2023$109.8K2 Dec 31, 2022+2791.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.2M2 Dec 31, 2023$4.5M2 Dec 31, 2022−6.1%

Leadership

Who has led Stronghold Digital Mining, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gregory A. Beard2021–2025

Chief financial officer

  1. Ricardo Larroude2021
  2. Matthew J. Smith2022–2024
2025
Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorThomas P. Doherty named May 2, 2023 to Jan 4, 202422

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CLEARFIELD PROPERTIES, INC. DELAWARE4
  • EIF SCRUBGRASS, LLC DELAWARE4
  • LIBERTY BELL FUNDING LLC DELAWARE4
  • OLYMPUS PANTHER HOLDINGS, LLC DELAWARE4
  • PANTHER CREEK PERMITTING, LLC DELAWARE4
  • PANTHER CREEK POWER OPERATING, LLC DELAWARE4
  • PANTHER OP INTEREST HOLDINGS, LLC NEW YORK4
  • SCRUBGRASS POWER LLC PENNSYLVANIA4
  • SCRUBGRASS RECLAMATION COMPANY, L.P. DELAWARE4
  • STRONGHOLD CARBON CAPTURE, LLC PENNSYLVANIA4
  • STRONGHOLD DIGITAL MINING BT, LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING EQUIPMENT, LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING HASHCO, LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING HOLDINGS LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING HOSTING, LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING OPERATING, LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING PENN, LLC PENNSYLVANIA4
  • STRONGHOLD DIGITAL MINING TH, LLC DELAWARE4
  • STRONGHOLD DIGITAL MINING, INC. DELAWARE4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 20, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer23
  2. Feb 27, 20258-K Shareholder vote; Regulation FD disclosure; Other events24
  3. Feb 19, 20258-K Regulation FD disclosure25
  4. Dec 13, 20248-K Earlier financial statements no longer reliable26
  5. Nov 13, 20248-K Results of operations27
  6. Oct 31, 20248-K Entered a material agreement28
  7. Oct 25, 20248-K Executive or director change; Regulation FD disclosure29
  8. Sep 13, 20248-K Entered a material agreement30
  9. Sep 4, 20248-K Results of operations; Regulation FD disclosure31
  10. Aug 22, 20248-K Entered a material agreement; Change in control; Regulation FD disclosure32
  11. Aug 21, 20248-K Regulation FD disclosure33
  12. Aug 14, 20248-K Results of operations34
  13. Oct 19, 2021New chief executive Gregory A. Beard becomes CEO11

Calendar

When it reported results

  1. Nov 13, 2024Reported quarterly or annual results27
  2. Sep 4, 2024Reported quarterly or annual results31
  3. Aug 14, 2024Reported quarterly or annual results34
  4. Jul 5, 2024Reported quarterly or annual results35
  5. May 2, 2024Reported quarterly or annual results36
  6. Apr 25, 2024Reported quarterly or annual results37
  7. Apr 10, 2024Reported quarterly or annual results38
  8. Mar 6, 2024Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

432 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 78 major events, 147 insider forms, 32 large holders, 4 private raises, 157 other. The latest 20:

  1. May 15, 2025SCHEDULE 13G/A EDGAR
  2. May 14, 2025SCHEDULE 13G/A EDGAR
  3. Apr 3, 2025SCHEDULE 13G/A EDGAR
  4. Mar 25, 202515-12G EDGAR
  5. Mar 20, 20258-K EDGAR
  6. Mar 19, 2025SCHEDULE 13D/A EDGAR
  7. Mar 18, 2025EFFECT EDGAR
  8. Mar 18, 2025EFFECT EDGAR
  9. Mar 18, 2025EFFECT EDGAR
  10. Mar 18, 2025EFFECT EDGAR
  11. Mar 18, 20254 EDGAR
  12. Mar 18, 20254 EDGAR
  13. Mar 18, 20254 EDGAR
  14. Mar 18, 20254 EDGAR
  15. Mar 18, 20254 EDGAR
  16. Mar 18, 20254 EDGAR
  17. Mar 18, 20254 EDGAR
  18. Mar 18, 20254 EDGAR
  19. Mar 17, 2025S-8 POS EDGAR
  20. Mar 17, 2025S-8 POS EDGAR

The 432 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

81 open-market trades by officers, directors and large owners since October 2021: 4 buys and 77 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 30, 2025Shaffer Richard J.Senior Vice PresidentSale36$3.59$129Form 4
Jan 10, 2025Beard Gregory AChief Executive OfficerSale12,210$3.71$45.3KForm 4
Jan 10, 2025Weber Ryan MPrincipal Accounting OfficerSale2,900$3.71$10.8KForm 4
Jan 10, 2025Shaffer Richard J.Senior Vice PresidentSale1,339$3.67$4.9KForm 4
Dec 24, 2024Beard Gregory AChief Executive OfficerSale49,750$4.01$199.5KForm 4
Dec 24, 2024Beard Gregory AChief Executive OfficerSale49,750$4.01$199.5KForm 4
Dec 23, 2024Beard Gregory AChief Executive OfficerSale14,201$3.85$54.7KForm 4
Dec 23, 2024Beard Gregory AChief Executive OfficerSale14,201$3.85$54.7KForm 4
Oct 30, 2024Shaffer Richard J.Senior Vice PresidentSale27$5.16$139Form 4
Oct 29, 2024Smith Matthew J.Chief Financial OfficerSale98$5.66$555Form 4
Oct 10, 2024Beard Gregory AChief Executive OfficerSale15,259$4.06$62.0KForm 4
Oct 8, 2024Weber Ryan MPrincipal Accounting OfficerSale231$4.26$984Form 4
Sep 18, 2024Beard Gregory AChief Executive OfficerSale44,261$4.44$196.5KForm 4
Sep 18, 2024Weber Ryan MPrincipal Accounting OfficerSale1,695$4.46$7.6KForm 4
Sep 18, 2024Smith Matthew J.Chief Financial OfficerSale9,170$4.45$40.8KForm 4
Sep 18, 2024Shaffer Richard J.Senior Vice PresidentSale1,844$4.47$8.2KForm 4
Aug 5, 2024Shaffer Richard J.Senior Vice PresidentSale51$2.43$124Form 4
Aug 5, 2024Smith Matthew J.Chief Financial OfficerSale162$2.47$400Form 4
Jul 24, 2024Smith Matthew J.Chief Financial OfficerSale5,277$3.73$19.7KForm 4
Jul 11, 2024Beard Gregory AChief Executive OfficerSale13,058$3.67$47.9KForm 4

All 81 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 22, 2023Raised $15.4 million in a private offering of equity Form D: 1 investor so far Form D
  2. Apr 20, 2023Raised $10 million in a private offering of equity Form D: 2 investors so far Form D
  3. Sep 19, 2022Raised $9 million in a private offering of equity Form D: 2 investors so far Form D
  4. May 15, 2022Raised $33.8 million in a private offering of debt Form D: 3 investors so far Form D

SEC filer profile

How Stronghold Digital Mining, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARStronghold Digital Mining, Inc.1
  • CIK0001856028
  • Employer ID (EIN)86-27598901
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address595 Madison Avenue, 28Th Floor, New York, NY 100221
  • Phone(845) 579-59921
  • Public float$23.0M as of Jun 30, 20232
  • On EDGAR sinceApr 13, 20211
  • Filings474 in all: 4 (130), 8-K (77), 425 (34), 144 (30), CORRESP (27), UPLOAD (20), 3 (13), SC 13G/A (13)1
    All 46 form types

    424B3 (12), EFFECT (11), 10-Q (10), SC 13G (9), S-1/A (7), D (6), S-3/A (6), POS AM (5), S-3 (5), SCHEDULE 13G/A (5), 4/A (4), DEFA14A (4), S-1 (4), S-8 (4), S-8 POS (4), 10-K (3), DEF 14A (3), RW (3), SCHEDULE 13G (3), ARS (2), DRS (2), SC 13D/A (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), 424B5 (1), 8-A12B (1), 8-K/A (1), CERT (1), DEF 14C (1), DEFM14A (1), NT 10-K (1), NT 10-Q (1), PRE 14C (1), S-1MEF (1), SC 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 8, 2024
    Quarterly report (10-Q) Nov 13, 2024
    Proxy statement (DEF 14A) Apr 29, 2024
    Latest 8-K (8-K) Mar 20, 2025

Sources

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