Bitcoin Miner Stronghold Looking at Options, Including Sale of Company

📆 2/05/2024 8:43 a. m.
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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.

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