Stronghold Digital Mining had repeatedly delayed its earnings release.Read MoreCoinDesk
Stronghold Digital Mining, Inc. said Tuesday it is negotiating with its lenders over a possible debt restructuring or refinancing agreement that would keep the bitcoin miner afloat.
In a notice to the Securities and Exchange Commission, Stronghold pointed to these negotiations as the “principal” reason for its twice-delayed quarterly earnings release.
“Management’s efforts related to negotiating the potential debt restructuring transactions and evaluating the Company’s financial position, including its liquidity position, have required a significant amount of management’s time and other Company resources that normally would be devoted to the preparation of the Quarterly Report and related matters.”
Shares in Stronghold Digital fell 11% following the news.
This story will be updated.
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