Bitcoin Miner Stronghold Digital In Debt Restructuring Negotiations With Lenders

Bitcoin Miner Stronghold Digital In Debt Restructuring Negotiations With Lenders

Back to the list

Bitcoin Miner Stronghold Digital In Debt Restructuring Negotiations With Lenders

www.coindesk.com

1 h

Reading time: ~2 m

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.

Source

Back to the list

Leave a Reply

Main Menu