Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$19,152.52-0.62%
  • ethereumEthereum$1,057.20-1.87%
  • xrpXRP$0.3206601.41%
  • bitcoin cashBitcoin Cash$103.67-1.06%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

U.S. Bitcoin Mining Firm Stronghold Files For $100M IPO For Expansion

John Wanguba by John Wanguba
July 30, 2021
in Mining
Reading Time: 4min read
U.S. Bitcoin Mining Firm Stronghold Files For $100M IPO For Expansion

Pennsylvania-based Stronghold Digital Mining Firm has applied for a $100 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).

On July 27, the firm confirmed that it had successfully filed the S-1 form, which is now awaiting approval from SEC. Upon approval, Stronghold plans to list its Class A common stock on the Nasdaq Global Market under the “SDIG” ticker.

Stronghold is a renowned sustainably-focused and vertically integrated Bitcoin mining company founded in 2021.

In June, Stronghold raised $105 million in a funding round with contributions from MG Capital and Greg Beard, a former partner at private equity firm Apollo Global Management.

According to the new filing, Stronghold proposes to use the funds for general corporate purposes such as “acquisitions of miners and power generating assets.

While commenting about the filing application, the firm outlined plans to increase its total hash rate capacity:

“With part of the proceeds of this offering, we intend to procure an additional 27,900 miners, which we anticipate will bring our total hash rate capacity to approximately 3,000 PH/s by December 2021 and to over 5,300 PH/s by December 2022.”

In the same context, the firm also revealed that it is currently operating around 1800 crypto mining machines with an estimated hash rate of 85 petahash per second(PH/s) and confirmed that more mining machines are on their way.

Additionally, Stronghold confirms that it has entered into “three definitive agreements with multiple suppliers” to purchase more than 27,000 mining machines. The firm revealed that it expects 93% of the machines in 2021 and the remaining 7% by the end of 2022. The firm anticipates bringing the total hash rate to 5300 PH/s by December 2022.

Interestingly, Stronghold currently runs the Scrubgrass Generation Plant in Venango County, which operates what they describe as relatively “low-cost, environmentally beneficial power facilities.

The firm mines Bitcoin by converting waste coal into carbon-free energy on a scale equivalent to “a large scale” hydropower plant. It is estimated that it exhausts 200 tonnes for every Bitcoin mined.

The Scrubgrass Generation Plant has allowed the rehabilitation of a large area of land that had earlier been devastated amid waste coal acid drainage (AMD).

Stronghold also revealed in the filing that it intends to expand its current facility and explore two more new plants.

Reliable sources within the firm confirmed that Stronghold intends to purchase “Panther Creek Energy Facility” and one more unnamed facility that uses the same coal recycling method.

Like what you're reading? Subscribe to our top stories
Tags: bitcoin miningBitcoin regulationBusinessIPOMiningRegulationSECsustainability

Related Posts

NY Fed Started Posting Corporate Bond Market Distress Index
Analysis

NY Fed Started Posting Corporate Bond Market Distress Index

July 3, 2022
Klarna Valuation To Plunge From $46B To $6.5B In Latest Funding Round – WSJ
Analysis

Klarna Valuation To Plunge From $46B To $6.5B In Latest Funding Round – WSJ

July 2, 2022
GoCardless Ready To Purchase Nordigen
FX Industry

GoCardless Ready To Purchase Nordigen

July 1, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.