Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) by 83.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,124 shares of the company’s stock after buying an additional 76,260 shares during the quarter. Geode Capital Management LLC owned 1.00% of Stronghold Digital Mining worth $849,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. K2 Principal Fund L.P. purchased a new stake in shares of Stronghold Digital Mining during the third quarter worth $882,000. Anson Funds Management LP purchased a new stake in shares of Stronghold Digital Mining during the 3rd quarter worth $2,466,000. State Street Corp grew its stake in shares of Stronghold Digital Mining by 122.3% during the third quarter. State Street Corp now owns 57,630 shares of the company’s stock worth $291,000 after purchasing an additional 31,700 shares in the last quarter. Walleye Capital LLC acquired a new stake in Stronghold Digital Mining in the third quarter valued at $1,022,000. Finally, XTX Topco Ltd purchased a new stake in Stronghold Digital Mining during the 2nd quarter worth about $130,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stronghold Digital Mining

In related news, CEO Gregory A. Beard sold 14,201 shares of Stronghold Digital Mining stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $3.85, for a total value of $54,673.85. Following the transaction, the chief executive officer now directly owns 446,533 shares in the company, valued at $1,719,152.05. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 14,326 shares of company stock valued at $55,368 in the last three months. 21.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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 Down 1.8 %

NASDAQ SDIG opened at $3.81 on Friday. The firm’s fifty day moving average price is $4.73 and its 200 day moving average price is $4.34. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21. Stronghold Digital Mining, Inc. has a 12 month low of $1.65 and a 12 month high of $7.91. The company has a market capitalization of $65.70 million, a price-to-earnings ratio of -1.03 and a beta of 2.98.

Stronghold Digital Mining Company 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.