By Stephen NakrosisShares of Stronghold Digital Mining have been buying and selling increased on the Nasdaq Wednesday, after the corporate offered a bitcoin mining replace for the month of June. Quantity on the time topped 941,000 shares, above the inventory’s 65-day common quantity of 205,701 shares. For the month of June, Stronghold Digital stated, it was awarded about 225 bitcoin through its mining operations. The entire variety of bitcoin awarded within the second quarter is about 43% increased than the whole within the fourth quarter of final 12 months, and 1% increased than the primary quarter of 2023, Stronghold Digital stated. The corporate additionally stated June noticed it obtain and energize 2,000 Avalon 1346 bitcoin mining rigs related to the beforehand introduced Canaan Bitcoin Mining Settlement.

Source: Wall Street Journal July 05, 2023 20:10 UTC