Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Position Increased by State Street Corp

State Street Corp boosted its holdings in Stronghold Digital Mining, Inc. (NASDAQ:SDIG) by 122.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,630 shares of the company’s stock after buying an additional 31,700 shares during the quarter. State Street Corp owned 0.34% of Stronghold Digital Mining worth $291,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Walleye Capital LLC acquired a new position in shares of Stronghold Digital Mining in the 3rd quarter worth $1,022,000. Thomist Capital Management LP purchased a new stake in shares of Stronghold Digital Mining during the second quarter valued at $485,000. Finally, XTX Topco Ltd acquired a new position in shares of Stronghold Digital Mining in the 2nd quarter valued at $130,000. Institutional investors own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th.

Stronghold Digital Mining Trading Up 8.8 %

NASDAQ SDIG opened at $4.20 on Friday. The firm’s 50 day moving average price is $4.81 and its two-hundred day moving average price is $4.34. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27. Stronghold Digital Mining, Inc. has a twelve month low of $1.65 and a twelve month high of $7.96. The stock has a market cap of $72.42 million, a price-to-earnings ratio of -1.14 and a beta of 2.92.

Insider Transactions at Stronghold Digital Mining

In other news, CEO Gregory A. Beard sold 15,259 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $4.06, for a total value of $61,951.54. Following the completion of the sale, the chief executive officer now directly owns 391,437 shares of the company’s stock, valued at $1,589,234.22. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 29,816 shares of company stock valued at $118,303 over the last quarter. Company insiders own 21.14% of the company’s stock.

Stronghold Digital Mining Profile

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.