Stronghold Digital Mining Shares Up 17%, Co. Gives June Update
05 Julho 2023 - 5:46PM
Dow Jones News
By Stephen Nakrosis
Shares of Stronghold Digital Mining were trading higher on the
Nasdaq Wednesday, after the company provided a bitcoin mining
update for the month of June.
At 3:27 p.m. ET, shares were trading 17.7% higher at $6. Volume
at the time topped 941,000 shares, above the stock's 65-day average
volume of 205,701 shares.
For the month of June, Stronghold Digital said, it was awarded
about 225 bitcoin via its mining operations. Combined with
production in April and May, the company mined over 626 bitcoin in
the second quarter of this year, it said.
The total number of bitcoin awarded in the second quarter is
about 43% higher than the total in the fourth quarter of last year,
and 1% higher than the first quarter of 2023, Stronghold Digital
said.
The company also said June saw it receive and energize 2,000
Avalon 1346 bitcoin mining rigs associated with the previously
announced Canaan Bitcoin Mining Agreement.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 05, 2023 15:53 ET (19:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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