Stronghold Digital Mining Inc. (NASDAQ: SDIG) mined 192 Bitcoin in January 2024, generating approximately $0.4 million in energy revenue. This represents a 6% decrease from December 2023. The company generated an estimated $8.0 million in revenue during January, primarily driven by a lower hash price and sequential growth in network hash rate. Additionally, Stronghold continues to make progress in its carbon capture initiatives, with test results demonstrating significant carbonation in its Karbolith technology and the erection of a second Karbolith underway.
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About Stronghold Digital Mining Inc.
Stronghold is a vertically integrated Bitcoin mining company with an emphasis on environmentally beneficial operations. Stronghold houses its miners at its wholly owned and operated Scrubgrass Plant and Panther Creek Plant, both of which are low-cost, environmentally beneficial coal refuse power generation facilities in Pennsylvania. For more information, visit the company’s website at www.StrongholdDigitalMining.com
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