Stronghold Digital Mining, INC

Stronghold Digital Mining has completed its merger with Bitfarms, resulting in the company becoming a wholly-owned, indirect subsidiary of Bitfarms and delisting from the Nasdaq stock market.

Stronghold Digital Mining stockholders overwhelmingly approved the merger with Bitfarms at a special meeting held on February 27, 2025.

Stronghold Digital Mining encourages stockholders to vote in favor of the pending merger with Bitfarms, as recommended by Institutional Shareholder Services (ISS) and Glass Lewis & Co.

Stronghold Digital Mining is restating its financial statements for the three and nine months ended September 30, 2024, due to an error in revenue recognition related to Bitcoin miner hosting contracts.

Stronghold Digital Mining announced its third quarter 2024 financial results, highlighted by a merger agreement with Bitfarms and a decrease in revenue.

Stronghold Digital Mining will host approximately 10,000 Bitmain T21 miners for Bitfarms subsidiary, Backbone Mining Solutions, under a new hosting agreement.

Stronghold Digital Mining restated its Q3 2024 financials due to a revenue recognition error related to Bitcoin miner hosting contracts, leading to the identification of a material weakness in internal controls.

Stronghold Digital Mining's Q3 2024 results show a decrease in revenue and operating expenses, alongside a net loss, while the company progresses with its merger agreement with Bitfarms.

Stronghold Digital Mining saw an increase in revenue driven by cryptocurrency mining and hosting, but still reported a net loss for the second quarter of 2024.

Stronghold Digital Mining's Q1 2024 results show a significant increase in revenue driven by cryptocurrency mining and hosting, alongside a strategic review process.

Stronghold Digital Mining's 10-K filing outlines its registered securities, including common and preferred stock, and details corporate governance and risk factors.

Thomas R. Trowbridge IV, a director of Stronghold Digital Mining, disposed of 65,944 shares of Class A common stock following the merger with Bitfarms Ltd.

Thomas Pacchia, a director at Stronghold Digital Mining, disposed of 67,226 shares of Class A common stock following the company's merger with Bitfarms.

Thomas Doherty, a director of Stronghold Digital Mining, disposed of 36,674 shares of Class A common stock following the merger with Bitfarms Ltd.

Director Indira Agarwal reports the disposal of Stronghold Digital Mining shares following the merger with Bitfarms, receiving Bitfarms common shares in return.

Director Sarah James reports the disposal of 69,842 shares of Stronghold Digital Mining's Class A common stock following the company's merger with Bitfarms.

Richard J. Shaffer, Senior Vice President of Stronghold Digital Mining, reports the disposal of shares following the company's merger with Bitfarms.

Stronghold Digital Mining will become an indirect, wholly-owned subsidiary of Bitfarms Ltd. through a stock-for-stock merger, pending stockholder approval.

Stronghold Digital Mining is seeking stockholder approval for an amended Omnibus Incentive Plan (OIP) that includes an increase in the number of shares available for issuance and other modifications based on stockholder feedback.

Stronghold Digital Mining, Inc. has filed a definitive proxy statement with the SEC.

Stronghold Digital Mining will hold its 2024 Annual Meeting of Stockholders virtually on June 18, 2024, to vote on director elections, an amendment to the Omnibus Incentive Plan, and ratification of the independent auditor.