1,565,226 Shares in Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Bought by BIT Capital GmbH

BIT Capital GmbH purchased a new stake in Stronghold Digital Mining, Inc. (NASDAQ:SDIG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,565,226 shares of the company’s stock, valued at approximately $5,478,000. BIT Capital GmbH owned about 9.08% of Stronghold Digital Mining at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SDIG. Walleye Capital LLC purchased a new stake in shares of Stronghold Digital Mining in the 3rd quarter valued at about $1,022,000. Anson Funds Management LP acquired a new position in Stronghold Digital Mining during the third quarter worth approximately $2,466,000. K2 Principal Fund L.P. purchased a new stake in Stronghold Digital Mining in the third quarter valued at approximately $882,000. Geode Capital Management LLC lifted its stake in Stronghold Digital Mining by 83.0% in the third quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock valued at $849,000 after buying an additional 76,260 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Stronghold Digital Mining by 122.3% in the third quarter. State Street Corp now owns 57,630 shares of the company’s stock valued at $291,000 after acquiring an additional 31,700 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory A. Beard sold 12,210 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $3.71, for a total value of $45,299.10. Following the transaction, the chief executive officer now owns 462,351 shares in the company, valued at $1,715,322.21. The trade was a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 16,485 shares of company stock valued at $61,101. Insiders own 21.14% of the company’s stock.

Stronghold Digital Mining Stock Performance

Shares of Stronghold Digital Mining stock opened at $2.81 on Thursday. The firm’s fifty day simple moving average is $3.22 and its 200-day simple moving average is $4.15. Stronghold Digital Mining, Inc. has a 12 month low of $1.65 and a 12 month high of $6.70. The stock has a market capitalization of $48.45 million, a price-to-earnings ratio of -0.76 and a beta of 3.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21.

Stronghold Digital Mining Profile

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.