Gregory A. Beard Sells 14,201 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

On December 23rd, Gregory A. Beard, the CEO of Stronghold Digital Mining, Inc. (NASDAQ:SDIG), executed a sale of 14,201 shares of the company’s stock. The shares were sold at an average price of $3.85 each, resulting in a total transaction value of $54,673.85. Following this sale, Beard's ownership in the company decreased, and he now holds 446,533 shares, which are valued at approximately $1,719,152.05. This transaction represents a 3.08% decline in his total shareholding. The details of the transaction were filed with the Securities and Exchange Commission (SEC), and this information can be viewed on their official website.

Stock Performance of Stronghold Digital Mining

During trading on Thursday, Stronghold Digital Mining’s stock remained stable at $4.03. The trading volume for the day was recorded at 312,835 shares, compared to the average volume of 900,307 shares. The company has notable financial ratios including a debt-to-equity ratio of 1.73, a quick ratio of 0.21, and a current ratio of 0.27. The market capitalization of Stronghold Digital Mining is approximately $69.49 million, with a price-to-earnings ratio of -1.09 and a beta of 2.92. Over the past year, the stock has fluctuated between a low of $1.65 and a high of $11.56. The stock shows a 50-day simple moving average of $4.93 and a 200-day simple moving average of $4.35.

Upgrades and Downgrades by Analysts

Recently, research firm B. Riley upgraded Stronghold Digital Mining from a "hold" rating to a "strong buy" rating based on their analysis conducted on November 15th.

Institutional Trading Activity

Institutional investors have been active in modifying their positions in Stronghold Digital Mining. Some notable transactions include Walleye Capital LLC acquiring a new stake worth around $1,022,000 in the third quarter. Anson Funds Management LP also purchased a stake valued at approximately $2,466,000 during the same period. Other notable acquisitions included K2 Principal Fund L.P. with a stake worth about $882,000 and Thomist Capital Management LP, which invested around $485,000. In total, 19.33% of Stronghold Digital Mining’s stock is owned by institutional investors and hedge funds.

About Stronghold Digital Mining, Inc.

Stronghold Digital Mining, Inc. is a company focused on cryptocurrency mining, specifically Bitcoin mining, within the United States. The company operates in two main segments: Energy Operations and Cryptocurrency Operations. Additionally, they own and manage coal refuse power generation facilities and offer environmental remediation and reclamation services.

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