Stronghold Digital Mining Closes $10 Million Private Placement and Announces Addition of 600 PH/s through the Purchase of 5,000 MicroBT Whatsminer M50 Bitcoin Miners
Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”).
- Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”).
- Gross proceeds from the Private Placement were $10 million, before deducting offering expenses.
- On April 20, 2023, Stronghold entered into a Master Sales and Purchase Agreement to acquire 5,000 new, latest-generation MicroBT Whatsminer M50 miners (the “M50 Miners”) for $15.50 per terahash per second, including shipping (the “Miner Purchase”).
- The M50 Miners have an average hash rate of 118 terahash per second and energy efficiency of 28.5 joules per terahash.