Purchases 5,000 Bitcoin Miners with Aggregate Hash Rate Capacity of ~600 PH/s and Average Efficiency of ~25 J/T, All Expected to Be Delivered in January 2024
Stronghold Also Receives the Option to Purchase 2,500 Canaan Avalon A1466 Bitcoin Miners with Aggregate Hash Rate Capacity of 360 PH/s and Expected Efficiency of 21.5 J/T
Provides December Bitcoin Mining Update
NEW YORK, Jan. 02, 2024 (GLOBE NEWSWIRE) — Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold” or the “Company”) today announced that it executed agreements to purchase an aggregate of 5,000 Bitcoin miners on December 26, 2023, for approximately $8.5 million. These miners are expected to provide Stronghold with approximately 600 PH/s of cumulative hash rate capacity with average efficiency of 25 J/T.
The purchased miners include (i) 2,800 new Bitmain S19K Pro miners (115-120 TH/s per miner, 23 J/T efficiency) purchased from Luxor Technology Corporation (“Luxor”), (ii) 1,100 new MicroBT Whastminer M5

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