Stronghold Digital Mining reported Q2 2024 revenue of $19.1 million, up 5% year-over-year, driven by a $1.2 million increase in cryptocurrency mining revenue and $0.7 million growth in hosting revenue. However, the company recorded a net loss of $21.3 million compared to $11.7 million loss in Q2 2023, primarily due to higher operating expenses and changes in warrant liability valuations.Operating expenses increased by $3.9 million to $37.7 million, mainly due to a $1.7 million loss on disposal of fixed assets from decommissioning miners, $1.7 million higher general and administrative costs including $5.2 million in loss contingencies, and increased depreciation expenses. The company's cryptocurrency operations segment saw revenue growth but faced higher electricity and maintenance costs.As of June 30, 2024, Stronghold had $4.9 million in cash and owned approximately 4.1 Bitcoin. The company operates two coal refuse power generation facilities with 163.5 MW total capacity and has expanded its mining operations to over 4.1 EH/s hash rate capacity. Management believes current liquidity and expected operational improvements will fund operations for the next twelve months.

Stronghold Digital Mining reported Q2 2024 revenue of $19.1 million, up 5% year-over-year, driven by a $1.2 million increase in cryptocurrency mining revenue and $0.7 million growth in hosting revenue. However, the company recorded a net loss of $21.3 million compared to $11.7 million loss in Q2 2023, primarily due to higher operating expenses and changes in warrant liability valuations.Operating expenses increased by $3.9 million to $37.7 million, mainly due to a $1.7 million loss on disposal of fixed assets from decommissioning miners, $1.7 million higher general and administrative costs including $5.2 million in loss contingencies, and increased depreciation expenses. The company's cryptocurrency operations segment saw revenue growth but faced higher electricity and maintenance costs.As of June 30, 2024, Stronghold had $4.9 million in cash and owned approximately 4.1 Bitcoin. The company operates two coal refuse power generation facilities with 163.5 MW total capacity and has expanded its mining operations to over 4.1 EH/s hash rate capacity. Management believes current liquidity and expected operational improvements will fund operations for the next twelve months.