About Stronghold Digital Mining
Stronghold Digital Mining is a company based in Pittsburgh (United States) founded in 2021 was acquired by Bitfarms in August 2024. Stronghold Digital Mining has raised $105 million across 5 funding rounds from investors including Bitfarms and MG Capital Group. The company has 115 employees as of December 31, 2023. Stronghold Digital Mining operates in a competitive market with competitors including Argo Blockchain, Arkon Energy, Mawson Infrastructure Group, TeraWulf and Gridless, among others.
- Headquarter Pittsburgh, United States
- Employees 115 as on 31 Dec, 2023
- Stage Public
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Sectors
TechnologyFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
- Legal Name Stronghold Digital Mining, Inc.
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Annual Revenue
$74.97 M (USD)-32as on Dec 31, 2023
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Net Profit
-$50.9 M (USD)43as on Dec 31, 2023
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EBITDA
-$27.02 M (USD)73as on Dec 31, 2023
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Total Equity Funding
$105 M (USD)
in 5 rounds
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Latest Funding Round
$15.43 M (USD), Post-IPO
Dec 21, 2023
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Investors
Bitfarms
& 1 more
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Employee Count
115
as on Dec 31, 2023
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Acquired by
Bitfarms
(Aug 21, 2024)
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People of Stronghold Digital Mining
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Funding Insights of Stronghold Digital Mining
Stronghold Digital Mining has successfully raised a total of $105M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $15.43 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Stronghold Digital Mining
Stronghold Digital Mining has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Bitfarms and MG Capital Group.
| Investor | Description | Founded Year | Domain | Location |
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Financial consulting firm providing loans, investments, and credit facilitation services.
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Cryptocurrency cloud mining solutions are provided via blockchain infrastructure.
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Investor details for Stronghold Digital Mining
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Investments & Acquisitions by Stronghold Digital Mining
Investment portfolio details for Stronghold Digital Mining
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Financial Statements - Stronghold Digital Mining
Detailed financials for Stronghold Digital Mining
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Stronghold Digital Mining Comparisons
Peer comparison for Stronghold Digital Mining
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Competitors of Stronghold Digital Mining
Stronghold Digital Mining operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Argo Blockchain, Arkon Energy, Mawson Infrastructure Group, TeraWulf and Gridless, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Sustainable Bitcoin mining and blockchain development solutions are provided.
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Sustainable Bitcoin mining is powered by excess renewable energy.
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Digital asset mining infrastructure and hosting services are offered.
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Sustainable cryptocurrency mining is facilitated via an online platform.
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Sustainable Bitcoin mining solutions are provided by the Gridless platform.
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Detailed competitors of Stronghold Digital Mining
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Latest news on Stronghold Digital Mining
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Frequently Asked Questions about Stronghold Digital Mining
Stronghold Digital Mining was founded in 2021.
Stronghold Digital Mining is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Gregory A Beard is the current CEO of Stronghold Digital Mining.
Stronghold Digital Mining is a funded company, having raised a total of $105M across 5 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Stronghold Digital Mining is 115.
Annual revenue of Stronghold Digital Mining is $74.97M as on Dec 31, 2023.
Stronghold Digital Mining was founded in 2021 and is headquartered in Pittsburgh, United States. Operations focus on the cryptocurrency sector, where power-generation facilities convert coal refuse into electricity for Bitcoin mining. Renewable energy sources are utilized to support these activities. Environmentally beneficial power generation facilities are also maintained to provide additional energy solutions.
Stronghold Digital Mining's top competitors include Argo Blockchain, TeraWulf and Mawson Infrastructure Group.
Stronghold Digital Mining has 2 investors. Key investors include Bitfarms, and MG Capital Group.