ChainCatcher news, according to Cointelegraph, Bitcoin mining company Bitfarms announced a hosting agreement with Stronghold Digital Mining to add 10,000 Bitmain T21 mining machines to its Panther Creek mining facility in Pennsylvania, with operations set to begin on October 1, 2024, which will increase Bitfarms' hash rate by 2.2 EH/s.It is reported that Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by the miners, which will be renewed annually according to the terms of the hosting agreement until either party decides not to renew the contract.

ChainCatcher news, Bitcoin mining company Stronghold Digital Mining announced that it has signed a securities purchase agreement with institutional investors and company Chairman and CEO Greg Beard to sell 9 million shares of Class A common stock and stock equivalents to institutional investors, as well as to grant Beard 1 million shares of Class A common stock, at a price of $1 per share in each case. The company will also issue warrants to purchase a total of 10 million shares of Class A common stock to the purchasers, with an initial exercise price of $1.10 per share (subject to adjustment), and such warrants may not be exercised for six months following the issuance. Before deducting issuance costs, the total proceeds from the private placement are expected to be $10 million, which is anticipated to be used to acquire more Bitcoin mining machines. The private placement is expected to close on April 21, 2023. (source link)

ChainCatcher news, Bitcoin mining company Stronghold Digital Mining reported third-quarter revenue of $24.7 million and a net loss of $49.6 million. Among them, liquid funds are approximately $27 million, including $27 million in cash and 19 bitcoins, with a principal amount of outstanding debt of $82 million and net debt of $55 million, reduced by 51% since June 30. (source link)