Stronghold Digital Mining, Inc.

Stronghold Digital Mining, Inc. (SDIG) priced its initial public offering on Oct 21, 2021 at $19.00 per share, raising $127.1M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $875.3M. B. Riley was lead-left underwriter, joined by TD Cowen, Holt and Northland. Vinson & Elkins advised the company.

Stronghold Digital Mining, Inc. is a vertically integrated crypto asset mining company focused on Bitcoin. It owns and operates the Scrubgrass Plant in Pennsylvania, a coal refuse power generation facility that the state classifies as an Alternative Energy System.

Status

IPO

Ticker

SDIG

Exchange

Nasdaq Global Market

Priced

Oct 21, 2021

IPO price

$19.00

Raised

$127.1M

Market cap at IPO price

$875.3M

First filed

Jul 27, 2021

Underwriters

B. Riley, TD Cowen, Holt and Northland

Company counsel

Vinson & Elkins

Sector

Financials

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.