Stronghold Digital Mining, Inc. announces the launch of its initial public offering


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NEW YORK, Oct. 13, 2021 (GLOBE NEWSWIRE) – Stronghold Digital Mining, Inc. (“Stronghold”) today announced that it has launched an initial public offering of 5,882,352 Class A common shares at an offering price initial anticipated between $ 16.00 and $ 18.00 per share pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Stronghold intends to grant the Underwriters a 30-day option to purchase up to 882,352 additional Class A common shares of Stronghold at the initial public offering price, less subscription rebate and commissions. . Stronghold plans to list its Class A common shares on the Nasdaq Global Market under the symbol “SDIG”.

B. Riley Securities and Cowen act as co-managers, Tudor, Pickering, Holt & Co. as lead manager, and DA Davidson & Co., Compass Point and Northland Capital Markets act as co-managers for the proposed offer.

The offer of these securities will be made only by means of a prospectus. A copy of the preliminary prospectus can be obtained from B. Riley Securities, Inc., Attention: Prospectus Department, 1300 North 17th Street, Suite 1300, Arlington, Virginia 22209, Telephone: + 1-703-312-9580, E-mail : prospectus @ or Cowen and Company, LLC, c / o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: + 1-833-297-2926, E-mail : PostSaleManualRequests @ broadridge .com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities cannot be sold and offers to buy cannot be accepted before the entry into force of the registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. before registration or qualification. under the securities laws of any such state or jurisdiction.

About Stronghold Digital Mining, Inc.Stronghold is a vertically integrated Bitcoin mining company that emphasizes environmentally friendly operations. Stronghold houses its miners at its 100% owned and operated Scrubgrass Plant, a low cost and environmentally friendly waste coal power generation facility in Pennsylvania.

Caution regarding forward-looking statementsCertain statements contained in this press release constitute “forward-looking statements”. These forward-looking statements, including statements regarding the size, timing or results of the initial public offering, represent Stronghold’s expectations or beliefs regarding future events, and it is possible that the results described in this press release. press releases are not achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are beyond Stronghold’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement is only valid as of the date on which it is made and, except as required by law, Stronghold assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, events or the like. New factors appear from time to time, and Stronghold cannot predict all of these factors. When reviewing these forward-looking statements, you should keep in mind the risk factors and other caveats contained in the prospectus filed with the SEC in connection with Stronghold’s initial public offering. Risk factors and other factors mentioned in Stronghold’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement.

Investor contact:

Matt Glover or Jeff Grampp, CFAGateway Group, Inc. [email protected]

Media contact:

[email protected]

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Source: Stronghold Digital Mining, Inc.


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