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Stronghold Digital Mining (SDIG)
NASDAQ:SDIG
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.88Last Year’s EPS
-1.46Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 29, 2022
|% Change Since: -39.42%
|Next Earnings Date:Nov 30, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic advancements through the merger with Bitfarms and hosting agreements, but also detailed significant financial challenges, including a decline in Bitcoin production and revenue, resulting in substantial losses. The leadership transition adds to the uncertainty.Company Guidance
During the third quarter 2024 earnings call, Stronghold Digital Mining provided guidance on multiple key metrics, reflecting their current strategic initiatives and financial performance. The company reported generating 196 Bitcoin, including 188 from mining operations and an additional $0.5 million in energy revenue, equivalent to approximately 8 Bitcoin at the average price, marking a 35% decrease from the previous quarter due to the Bitcoin halving event. Stronghold's total revenue for the quarter was $11.2 million, a decline of 42% sequentially and 37% year-over-year, with $10.6 million from cryptocurrency operations and $0.5 million from energy sales. The GAAP net loss was $22.7 million, with a non-GAAP adjusted EBITDA loss of $5.5 million. As of September 30, 2024, the company had $5.1 million in cash and cash equivalents, including 10 Bitcoin, and outstanding indebtedness of $53.7 million. The guidance also highlighted an anticipated merger with Bitfarms, expected to expand the company's energy portfolio to over 950 megawatts by the end of 2025, with shareholders receiving 2.52 Bitfarms shares for each Stronghold share, valuing Stronghold’s equity at approximately $125 million plus $50 million in debt to be paid at closing.Merger with Bitfarms
Stronghold announced a definitive merger agreement with Bitfarms, expected to create a pro forma company with an energy portfolio exceeding 950 megawatts by year-end 2025.
Hosting Agreement Enhancements
Entered into two hosting agreements with Bitfarms to host 20,000 Bitcoin miners at Panther Creek and Scrubgrass facilities, enhancing Bitcoin mining operations.
Sustainability Commitment
Focus on converting mining waste into energy at Scrubgrass and Panther Creek facilities to support local grid and improve the environment.
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SDIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SDIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $6.57 | $5.34 | -18.72% |
| Aug 14, 2024 | $2.64 | $2.76 | +4.55% |
| May 02, 2024 | $3.09 | $3.20 | +3.56% |
| Mar 06, 2024 | $4.30 | $4.20 | -2.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stronghold Digital Mining (SDIG) report earnings?
Stronghold Digital Mining (SDIG) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Stronghold Digital Mining (SDIG) earnings time?
Stronghold Digital Mining (SDIG) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SDIG EPS forecast?
SDIG EPS forecast for the fiscal quarter 2024 (Q4) is -0.88.
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