Stronghold Digital Mining, Inc.
SDIGFinancials · Finance Services · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|
| Revenue | $75.0M | $110.2M | $30.9M | $4.1M |
| Operating income | −$62.4M | −$147.3M | −$22.0M | −$2.4M |
| Net income | −$50.9M | −$89.3M | −$238,948 | −$144,994 |
| Total assets | $174.3M | $217.0M | $354.6M | $9.4M |
| Total liabilities | $110.5M | $122.2M | $112.7M | $13.4M |
| Equity | $43.4M | $83.0M | −$59.2M | −$4.0M |
| EPS (diluted) | $-7.46 | $-34.53 | $-2.03 | — |
| Shares out. | 11.1M | 3.2M | 20.0M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −83.3%
- Net margin
- −67.9%
- Return on equity
- −117.3%
- Return on assets
- −29.2%
- Return on capital (ROCE)
- −44.8%
- Liabilities / assets
- 63.4%
- Debt / equity
- 2.55×
- Book value / share
- $3.90
- Revenue growth (YoY)
- −32.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -8.85distress
- Accruals / assets
- −25.1%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 3, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Beryl Capital Management LlcPassive (13G)May 15, 2025
- Continental General Insurance CoPassive (13G)May 14, 2025
- Goldman Sachs Group IncPassive (13G)May 13, 2025
- Trium Capital LlpPassive (13G)Apr 3, 2025
- Q Power LlcActivist (13D)Mar 19, 2025
- Hansainvest Hanseatische Investment-Limited CoPassive (13G)Jan 2, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Trowbridge Thomas R. IvDirector | Mar 14, 2025 | D | 65,944 | — |
| Pacchia ThomasDirector | Mar 14, 2025 | D | 67,226 | — |
| Doherty Thomas BDirector | Mar 14, 2025 | D | 36,674 | — |
| Agarwal IndiraDirector | Mar 14, 2025 | D | 57,059 | — |
| James SarahDirector | Mar 14, 2025 | D | 69,842 | — |
| Shaffer Richard J.Officer — Senior Vice President | Mar 14, 2025 | D | 22,541 | — |
| Beard Gregory AOfficer — Chief Executive Officer | Mar 11, 2025 | Grant | 500,000 | $0.00 |
| Weber Ryan MOfficer — Principal Accounting Officer | Mar 14, 2025 | D | 56,778 | — |
| Shaffer Richard J.Officer — Senior Vice President | Jan 30, 2025 | Sell | 36 | $3.59 |
| Beard Gregory AOfficer — Chief Executive Officer | Jan 10, 2025 | Grant | 28,028 | $3.88 |
| Trowbridge Thomas R. IvDirector | Jan 10, 2025 | Grant | 5,176 | $4.82 |
| James SarahDirector | Jan 10, 2025 | Grant | 5,176 | $4.83 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Mar 14, 2025 | 625,249 | 2.3 | -11.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsMar 20, 2025
- Shareholder vote · Regulation FD disclosure · Other material eventFeb 27, 2025
- Regulation FD disclosureFeb 19, 2025
- Prior financials not reliable (restatement)Dec 13, 2024
- Results of operationsNov 13, 2024
- Entered a material agreementOct 31, 2024
- Director / officer change · Regulation FD disclosureOct 25, 2024
- Entered a material agreementSep 13, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13G/AMay 15, 2025
- SCHEDULE 13G/AMay 14, 2025
- SCHEDULE 13G/AMay 13, 2025
- SCHEDULE 13G/AApr 3, 2025
- 15-12GMar 25, 2025
- 8-KMar 20, 2025
- SCHEDULE 13D/AMar 19, 2025
- EFFECTMar 18, 2025
- EFFECTMar 18, 2025
- EFFECTMar 18, 2025
- EFFECTMar 18, 2025
- 4FORM 4Mar 18, 2025
- 4FORM 4Mar 18, 2025
- 4FORM 4Mar 18, 2025
- 4FORM 4Mar 18, 2025
Event-driven situations (3)
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