Bitcoin miner Stronghold Digital Mining has started exploring strategic alternatives that could include a potential sale of the company.
“Stronghold’s Board and management team are committed to maximizing value for our shareholders and, to that end, have commenced a comprehensive and thorough review of strategic alternatives,” said Greg Beard, chairman and chief executive officer of Stronghold. The stock fell 62% this year, while peers such as Riot Platforms and Marathon Digital fell about 40%. Bitcoin rose 39% so far this year.
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