Stronghold Digital Mining Inc. (SDIG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
595 MADISON AVENUE NEW YORK, NY 10022 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 4,215 | 13,297 | 31,790 | |||
| Cash and cash equivalents | 4,215 | 13,297 | 31,790 | |||
| Receivables | 604 | 10,910 | 2,112 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,197 | 4,472 | 3,372 | |||
| Inventory | 4,197 | 4,472 | 3,372 | |||
| Prepaid expense | 3,787 | 4,878 | 6,302 | |||
| Intangible current assets | 3,176 | 110 | 7,718 | |||
| Other current assets | 1,675 | 1,975 | 662 | |||
| Other undisclosed current assets | 2,700 | |||||
| Total current assets: | 17,653 | 35,642 | 54,655 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 1,473 | 1,719 | ||||
| Property, plant and equipment | 1,748 | 1,748 | 1,748 | |||
| Intangible assets, net (including goodwill) | 3,176 | 110 | 10,418 | |||
| Intangible assets, net (excluding goodwill) | 3,176 | 110 | 10,418 | |||
| Deposits noncurrent assets | 8,001 | 10,081 | 130,999 | |||
| Other noncurrent assets | 170 | |||||
| Other undisclosed noncurrent assets | 142,116 | 167,656 | 156,800 | |||
| Total noncurrent assets: | 156,684 | 181,314 | 299,966 | |||
| TOTAL ASSETS: | 174,337 | 216,956 | 354,621 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 22,645 | 36,434 | 33,705 | |||
| Accounts payable | 11,857 | 27,540 | 28,651 | |||
| Accrued liabilities | 10,788 | 8,893 | 5,054 | |||
| Debt | 7,936 | 17,423 | 50,099 | |||
| Derivative instruments and hedges, liabilities | 7,116 | |||||
| Other liabilities | 719 | |||||
| Due to related parties | ✕ | ✕ | 1,375 | 1,431 | ||
| Other undisclosed current liabilities | 3,716 | 5,181 | ||||
| Total current liabilities: | 35,016 | 60,412 | 92,351 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 48,204 | 57,027 | 18,379 | |||
| Long-term debt, excluding current maturities | 57,027 | 18,379 | ||||
| Other undisclosed long-term debt and lease obligation | 48,204 | |||||
| Liabilities, other than long-term debt | 2,093 | 2,605 | 1,162 | |||
| Deferred revenue | 241 | 351 | 188 | |||
| Asset retirement obligations | 1,076 | 1,024 | 974 | |||
| Other liabilities | ||||||
| Operating lease, liability | 776 | 1,230 | ||||
| Other undisclosed noncurrent liabilities | 25,210 | 2,132 | 842 | |||
| Total noncurrent liabilities: | 75,507 | 61,764 | 20,382 | |||
| Total liabilities: | 110,524 | 122,176 | 112,733 | |||
| Temporary equity, carrying amount | 20,416 | 11,755 | 301,053 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 43,398 | 83,025 | (59,165) | |||
| Preferred stock | 37,670 | |||||
| Common stock | 1 | 3 | 2 | |||
| Additional paid in capital | 375,044 | 323,465 | 241,873 | |||
| Accumulated deficit | (331,648) | (240,443) | (338,710) | |||
| Other undisclosed equity, attributable to parent | 0 | |||||
| Total equity: | 43,398 | 83,025 | (59,165) | |||
| TOTAL LIABILITIES AND EQUITY: | 174,337 | 216,956 | 354,621 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 74,966 | 106,033 | 30,915 | ||
| Cost of revenue | (96,305) | (132,996) | (36,196) | ||
| Cost of goods and services sold | (28,590) | (28,780) | (13,191) | ||
| Other cost of operating revenue | (32,836) | (57,030) | (15,493) | ||
| Gross profit: | (21,339) | (26,963) | (5,281) | ||
| Operating expenses | (41,098) | (120,303) | (16,921) | ||
| Operating loss: | (62,436) | (147,266) | (22,202) | ||
| Nonoperating expense | (39,389) | (47,906) | (5,053) | ||
| Interest and debt expense | (28,961) | (40,518) | (3,984) | ||
| Loss from continuing operations: | (130,786) | (235,690) | (31,239) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (31,239) | |
| Other undisclosed net income | 28,961 | 40,518 | 3,984 | ||
| Net loss: | (101,825) | (195,172) | (27,255) | ||
| Net income attributable to noncontrolling interest | 30,429 | 105,911 | 15,803 | ||
| Other undisclosed net income attributable to parent | 20,493 | ||||
| Net loss attributable to parent: | (50,904) | (89,261) | (11,452) | ||
| Preferred stock dividends and other adjustments | 289,298 | ||||
| Net income (loss) available to common stockholders, diluted: | (50,904) | 200,037 | (11,452) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (101,825) | (195,172) | (27,255) | ||
| Comprehensive loss: | (101,825) | (195,172) | (27,255) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 30,429 | 105,911 | 15,803 | ||
| Comprehensive loss, net of tax, attributable to parent: | (71,397) | (89,261) | (11,452) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.