Stronghold Digital Mining, Inc.


Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Stronghold Digital Mining, Inc. (“Stronghold” or the “Company”) (NASDAQ: SDIG), or other insiders, violated federal securities laws by making materially misleading statements to investors.  If you purchased shares of Stronghold, you are encouraged to contact attorney Rhiana Swartz at 844-818-6980 or rswartz@scott-scott.com for more information.

Stronghold is a crypto asset mining company focused on mining Bitcoin.

In October 2021, Stronghold conducted its initial public offering (“IPO”), selling 6.88 million shares of Class A common stock, at $19.00 per share.

On March 29, 2022, after the market closed, Stronghold announced its fourth quarter and full year 2021 financial results. The Company reported a net loss of $0.52 for the quarter, below analyst estimates of $0.04 earnings per share.  Stronghold’s Chief Executive Officer cited “significant headwinds in our operations which have materially impacted recent financial performance.”

On this news, the price of Stronghold shares dropped by $3.28 per share, from $10.25 per share to close at $6.97 per share on March 30, 2022 – a decline of approximately 32%.

What You Can Do

If you purchased Stronghold shares or other securities and you wish to discuss this investigation, please contact attorney Rhiana Swartz at 844-818-6980, or at rswartz@scott-scott.com.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.  The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia, and Ohio.

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CONTACT:

Rhiana Swartz

Scott+Scott Attorneys at Law LLP

230 Park Avenue, 17th Floor, New York, NY 10169

844-818-6980

rswartz@scott-scott.com

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Securities