Alt-energy bitcoin miner Stronghold tumbles after weak Q4

Stronghold Digital Mining

30/03/2022 11:58

** Waste-to-energy bitcoin miner Stronghold Digital Mining
Inc's shares  SDIG.O  tumble 29.8% to $7.20 premarket; set for
record low since its October 2021 IPO if losses hold
    ** Among top three pct. losers across U.S. exchanges before
opening bell
    ** SDIG's Q4 net loss of 52 cents/shr falls short of
analysts' average expectations of a profit of 13 cents/shr as
per Refinitiv data  urn:newsml:reuters.com:*:nGNX1mSjGY
    ** Co says it expects hash rate to be 5.5 EH/s at the end of
2022 based on certain deliveries, down from its previous
forecast of 8.0 EH/s
    ** Up to Tuesday's close, stock had fallen 46% from its IPO
price of $19/shr

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com;
Twitter: https://twitter.com/ruhithere;))