News Formal

Bitcoin Miner Stronghold Looking at Options, Including Sale of Company

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: CanaccordWill Canny is CoinDesk's finance reporter.
Source: CoinDesk - 🏆 291. / 63 Read more »