Bitcoin Miner Stronghold Digital Mining Plans to Sell 10 Million Class A Shares

Bitcoin mining firm Stronghold Digital Mining has filed a prospectus, planning to sell 10 million Class A shares to boost its cash reserves. The 10 million Class A shares to be sold include 2.27 million Class A ordinary shares issued to selling shareholders, 2.73 million Class A ordinary shares that can be issued after the exercise of pre-capitalization warrants purchased by selling shareholders and 500 million shares of Class A common stock. Stronghold Digital said it will use all proceeds for general corporate purposes.