Stronghold Digital Mining получила $105 million for an IPO in the United States – Bits Media

Mining company Stronghold Digital Mining attracted $105 mln during initial public offering.

Stronghold Digital Mining Investors Are MG Capital, family offices and former senior partner at Apollo Global Management Greg Beard (Greg Beard).

CEO and co-chair Greg Bird previously worked at Apollo Global Management as a global head of the natural resources department.

Stronghold Digital Mining positions itself as a mining company friendly to ESG. The capacity of the enterprise and the SCRUBGRASSS Plant plant belonging to it for the processing of coal waste are located in the state of Pennsylvania.

“We intend to place our mining equipment at the SCRUBGRASS Plant factory, Energy object Panther Creek, where electricity is produced from coal waste. Simply put, We use cryptocurrency mining methods of the XXI century, To eliminate the consequences of coal mining in the 19th and 20th centuries in the most environmentally unfavorable regions of the United States ", – It is said in the company's avenue.

Stronghold Digital Mining controls 1800 mining farms with overall performance 85 Px/s. The company plans to achieve 3000 Px/s to December and "more 5300 Px/s to December 2022 of the year".

“Our SCRUBGRASS Plant plant in combination with environmental advantages, which the region brings, allowing bitcoin, As we think, With one of the lowest costs in the industry ", - said in the company.