$SDIG
Stronghold Digital Mining, Inc.

2024 Q3 Form 10-Q Financial Statement

#000162828024047680 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $11.17M
YoY Change -37.0%
Cost Of Revenue $11.50M
YoY Change -25.9%
Gross Profit -$330.8K
YoY Change -114.97%
Gross Profit Margin -2.96%
Selling, General & Admin $8.327M
YoY Change 26.19%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.624M
YoY Change -10.79%
% of Gross Profit
Operating Expenses $16.95M
YoY Change 4.21%
Operating Profit -$17.58M
YoY Change -10.76%
Interest Expense -$1.551M
YoY Change -163.52%
% of Operating Profit
Other Income/Expense, Net -$5.087M
YoY Change 95.13%
Pretax Income -$22.67M
YoY Change 1.61%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$19.49M
YoY Change 13.82%
Net Earnings / Revenue -174.51%
Basic Earnings Per Share -$1.34
Diluted Earnings Per Share -$1.34
COMMON SHARES
Basic Shares Outstanding 14.59M shares
Diluted Shares Outstanding 14.59M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.105M
YoY Change -9.18%
Cash & Equivalents $4.491M
Short-Term Investments
Other Short-Term Assets $1.898M
YoY Change 66.84%
Inventory $2.815M
Prepaid Expenses
Receivables $1.241M
Other Receivables $90.54K
Total Short-Term Assets $12.82M
YoY Change 3.98%
LONG-TERM ASSETS
Property, Plant & Equipment $127.6M
YoY Change -20.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $272.0K
YoY Change 74.34%
Total Long-Term Assets $128.5M
YoY Change -19.91%
TOTAL ASSETS
Total Short-Term Assets $12.82M
Total Long-Term Assets $128.5M
Total Assets $141.4M
YoY Change -18.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.26M
YoY Change -23.23%
Accrued Expenses $13.85M
YoY Change 43.66%
Deferred Revenue
YoY Change
Short-Term Debt $1.449M
YoY Change 221.07%
Long-Term Debt Due $19.57M
YoY Change 1082.53%
Total Short-Term Liabilities $47.68M
YoY Change 68.64%
LONG-TERM LIABILITIES
Long-Term Debt $33.88M
YoY Change -41.24%
Other Long-Term Liabilities $10.50M
YoY Change 31.97%
Total Long-Term Liabilities $10.50M
YoY Change -81.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.68M
Total Long-Term Liabilities $10.50M
Total Liabilities $110.3M
YoY Change 17.48%
SHAREHOLDERS EQUITY
Retained Earnings -$360.8M
YoY Change 12.34%
Common Stock $1.474K
YoY Change 87.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.53M
YoY Change
Total Liabilities & Shareholders Equity $141.4M
YoY Change -18.2%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$19.49M
YoY Change 13.82%
Depreciation, Depletion And Amortization $8.624M
YoY Change -10.79%
Cash From Operating Activities $2.509M
YoY Change -187.31%
INVESTING ACTIVITIES
Capital Expenditures $176.5K
YoY Change -95.76%
Acquisitions
YoY Change
Other Investing Activities $41.21K
YoY Change
Cash From Investing Activities -$135.3K
YoY Change -96.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.759M
YoY Change -139.92%
NET CHANGE
Cash From Operating Activities 2.509M
Cash From Investing Activities -135.3K
Cash From Financing Activities -2.759M
Net Change In Cash -384.7K
YoY Change 201.97%
FREE CASH FLOW
Cash From Operating Activities $2.509M
Capital Expenditures $176.5K
Free Cash Flow $2.333M
YoY Change -133.15%

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CY2023Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q3 sdig Stockholders Equity Redemption Right Valuation
StockholdersEquityRedemptionRightValuation
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CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2024Q3 sdig Stock Issued During Period Value Issued To Settle Payables
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CY2024Q3 us-gaap Stockholders Equity
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CY2023Q2 us-gaap Stockholders Equity
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Units
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StockIssuedDuringPeriodValueIssuedToSettlePayables
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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sdig Stock Issued During Period Value Issued To Settle Payables
StockIssuedDuringPeriodValueIssuedToSettlePayables
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
19530449 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
83025144 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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sdig Stockholders Equity Redemption Right Valuation
StockholdersEquityRedemptionRightValuation
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7603859 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
1739882 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1210000 usd
sdig Stock Issued During Period Value Issued To Settle Payables
StockIssuedDuringPeriodValueIssuedToSettlePayables
1033189 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
68381568 usd
us-gaap Profit Loss
ProfitLoss
-38095300 usd
us-gaap Profit Loss
ProfitLoss
-80664604 usd
us-gaap Depreciation
Depreciation
27428863 usd
us-gaap Depreciation
Depreciation
26025021 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
41230 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
39153 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-2189252 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-108367 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-494087 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
sdig Fair Value Adjustments To Accounts Receivable
FairValueAdjustmentsToAccountsReceivable
399192 usd
sdig Fair Value Adjustments To Accounts Receivable
FairValueAdjustmentsToAccountsReceivable
1867506 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
154419 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
161093 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5093193 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7603859 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-28960947 usd
us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
0 usd
us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
5422338 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-8445247 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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sdig Noncash Loss Contingency Expense Income
NoncashLossContingencyExpenseIncome
5253238 usd
sdig Noncash Loss Contingency Expense Income
NoncashLossContingencyExpenseIncome
0 usd
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OtherNoncashIncomeExpense
-584510 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
229485 usd
sdig Increase Decrease In Intangible Assets Current Revenue From Cryptocurrency Mining Service
IncreaseDecreaseInIntangibleAssetsCurrentRevenueFromCryptocurrencyMiningService
51963137 usd
sdig Increase Decrease In Intangible Assets Current Revenue From Cryptocurrency Mining Service
IncreaseDecreaseInIntangibleAssetsCurrentRevenueFromCryptocurrencyMiningService
43778958 usd
us-gaap Proceeds From Crypto Asset Operating Activity
ProceedsFromCryptoAssetOperatingActivity
54737513 usd
us-gaap Proceeds From Crypto Asset Operating Activity
ProceedsFromCryptoAssetOperatingActivity
42563545 usd
us-gaap Crypto Asset Unrealized Gain Loss Operating
CryptoAssetUnrealizedGainLossOperating
113438 usd
us-gaap Crypto Asset Unrealized Gain Loss Operating
CryptoAssetUnrealizedGainLossOperating
0 usd
sdig Crypto Asset Impairment Loss
CryptoAssetImpairmentLoss
0 usd
sdig Crypto Asset Impairment Loss
CryptoAssetImpairmentLoss
683241 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1133062 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8129033 usd
us-gaap Increase Decrease In Prepaid Insurance
IncreaseDecreaseInPrepaidInsurance
-4218459 usd
us-gaap Increase Decrease In Prepaid Insurance
IncreaseDecreaseInPrepaidInsurance
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us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
211870 usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
91617 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1381634 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1328373 usd
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IncreaseDecreaseInOtherCurrentAssets
896572 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-9666 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
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us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-1445109 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
730357 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-239230 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-543442 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
875203 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7888095 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-211225 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8548842 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
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us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
14743269 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
221212 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-528316 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14743269 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
3668304 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
3196644 usd
sdig Payments For Insurance Premiums
PaymentsForInsurancePremiums
4075388 usd
sdig Payments For Insurance Premiums
PaymentsForInsurancePremiums
5250538 usd
sdig Proceeds From Payments For Issuance Of Debt
ProceedsFromPaymentsForIssuanceOfDebt
0 usd
sdig Proceeds From Payments For Issuance Of Debt
ProceedsFromPaymentsForIssuanceOfDebt
-147385 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9824567 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8483982 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
316 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7743692 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9714298 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
276834 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8317404 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4214613 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13296703 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4491447 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4979299 usd
us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NATURE OF OPERATIONS</span></div><div style="margin-top:10pt;text-indent:0.18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stronghold Digital Mining, Inc. ("Stronghold Inc." or the "Company") is a low-cost, environmentally beneficial, vertically integrated crypto asset mining company focused on mining Bitcoin and environmental remediation and reclamation services. The Company wholly owns and operates two coal refuse power generation facilities that it has upgraded: (i) the Company's first reclamation facility located on a 650-acre site in Scrubgrass Township, Venango County, Pennsylvania, which the Company acquired the remaining interest of in April 2021, and has the capacity to generate approximately 83.5 megawatts (“MW”) of electricity (the "Scrubgrass Plant"); and (ii) a facility located near Nesquehoning, Pennsylvania, which the Company acquired in November 2021, and has the capacity to generate approximately 80 MW of electricity (the "Panther Creek Plant," and collectively with the Scrubgrass Plant, the "Plants"). Both facilities qualify as an Alternative Energy System because coal refuse is classified under Pennsylvania law as a Tier II Alternative Energy Source (large-scale hydropower is also classified in this tier). The Company is committed to generating energy and managing its assets sustainably, and the Company believes that it is one of the first vertically integrated crypto asset mining companies with a focus on environmentally beneficial operations.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stronghold Inc. operates in two business segments – the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Energy Operations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">segment and the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cryptocurrency Operations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> segment. This segment presentation is consistent with how the Company's chief operating decision maker evaluates financial performance and makes resource allocation and strategic decisions about the business.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Energy Operations</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates two qualifying small power production facilities under the provisions of the Public Utilities Regulatory Policies Act of 1978 and sells its electricity into the PJM Interconnection Merchant Market ("PJM") under a Professional Services Agreement (“PSA”) with Customized Energy Solutions (“CES”), effective July 27, 2022. Under the PSA, CES agreed to act as the exclusive provider of services for the benefit of the Company related to interfacing with PJM, including handling daily marketing, energy scheduling, telemetry, capacity management, reporting, and other related services for the Plants. The initial term of the agreement is two years, and then will extend automatically on an annual basis unless terminated by either party with 60 days written (or electronic) notice prior to the current term end. The Company’s primary fuel source is waste coal which is provided by various third parties. Waste coal tax credits are earned by the Company by generating electricity utilizing coal refuse.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cryptocurrency Operations</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is also a vertically integrated Bitcoin mining business. The Company buys and maintains a fleet of Bitcoin miners, as well as the required infrastructure, and provides power to third-party Bitcoin miners under hosting agreements. The Bitcoin mining operations are in their early stages, and Bitcoin and energy pricing mining economics are volatile and subject to uncertainty. The Company’s current strategy will continue to expose it to the numerous risks and volatility associated with the Bitcoin mining and power generation sectors, including fluctuating Bitcoin-to-U.S.-Dollar prices, the costs and availability of Bitcoin miners, the number of market participants mining Bitcoin, the availability of other power generation facilities to expand operations, and regulatory changes.</span></div>
sdig Number Of Coal Refuse Power Generation Facilities Owned And Operating
NumberOfCoalRefusePowerGenerationFacilitiesOwnedAndOperating
2 power_generation_facility
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
sdig Number Of Qualifying Small Power Production Facilities
NumberOfQualifyingSmallPowerProductionFacilities
2 power_production_facility
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2024Q3 sdig Revenue From Contract With Customer Service Contract Number
RevenueFromContractWithCustomerServiceContractNumber
2 contract
CY2024Q3 us-gaap Energy Related Inventory Coal
EnergyRelatedInventoryCoal
2658462 usd
CY2023Q4 us-gaap Energy Related Inventory Coal
EnergyRelatedInventoryCoal
4066201 usd
CY2024Q3 sdig Energy Related Inventory Fuel Oil
EnergyRelatedInventoryFuelOil
113860 usd
CY2023Q4 sdig Energy Related Inventory Fuel Oil
EnergyRelatedInventoryFuelOil
57642 usd
CY2024Q3 sdig Energy Related Inventory Limestone
EnergyRelatedInventoryLimestone
42856 usd
CY2023Q4 sdig Energy Related Inventory Limestone
EnergyRelatedInventoryLimestone
72969 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
2815178 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
4196812 usd
CY2023Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
8000643 usd
CY2023Q4 sdig Property Plant And Equipment Number Of Miners For Deposit
PropertyPlantAndEquipmentNumberOfMinersForDeposit
5000 miner
CY2024Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
0 usd
CY2024Q3 us-gaap Depreciation
Depreciation
8623646 usd
CY2023Q3 us-gaap Depreciation
Depreciation
9667213 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
118727 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
122762 usd
us-gaap Depreciation
Depreciation
27428863 usd
us-gaap Depreciation
Depreciation
26025021 usd
us-gaap Finance Lease Right Of Use Asset Amortization
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338650 usd
us-gaap Finance Lease Right Of Use Asset Amortization
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368285 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
3430357 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1759386 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
2797265 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1420736 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
823960 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
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733115 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
21485 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
22101 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
6088271 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
5660028 usd
CY2024Q3 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
329148 usd
CY2023Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
3505203 usd
CY2024Q3 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
3238295 usd
CY2023Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
0 usd
CY2024Q3 sdig Accrued Transaction Costs Current
AccruedTransactionCostsCurrent
2568831 usd
CY2023Q4 sdig Accrued Transaction Costs Current
AccruedTransactionCostsCurrent
0 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
776673 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
867448 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13846663 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10787895 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
53446035 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
56139909 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
19566519 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
7936147 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
33879516 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
48203762 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1449195 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
718838 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1486286 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
787811 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5093193 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7603859 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
98669 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5277985 shares
sdig Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
0 shares
sdig Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
1300000 shares
CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3977985 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 sdig Stock Issued During Period Shares Preferred Stock
StockIssuedDuringPeriodSharesPreferredStock
23102 shares
CY2023Q4 sdig Noncontrolling Interest Deemed Contribution From Exchange Of Convertible Preferred Stock
NoncontrollingInterestDeemedContributionFromExchangeOfConvertiblePreferredStock
20492568 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11168073 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17726957 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57794397 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53226913 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-17583707 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-19704936 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-39807488 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-49900580 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5086885 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2606977 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1712188 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30764024 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-22670592 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-22311913 usd
us-gaap Profit Loss
ProfitLoss
-38095300 usd
us-gaap Profit Loss
ProfitLoss
-80664604 usd
CY2024Q3 us-gaap Depreciation
Depreciation
8623646 usd
CY2023Q3 us-gaap Depreciation
Depreciation
9667213 usd
us-gaap Depreciation
Depreciation
27428863 usd
us-gaap Depreciation
Depreciation
26025021 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
2236587 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
2441139 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6748059 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
7428530 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-22670592 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-22311913 usd
us-gaap Profit Loss
ProfitLoss
-38095300 usd
us-gaap Profit Loss
ProfitLoss
-80664604 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3181407 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5188727 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5588300 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-26663731 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-19489185 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-17123186 usd
us-gaap Net Income Loss
NetIncomeLoss
-32507000 usd
us-gaap Net Income Loss
NetIncomeLoss
-54000873 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14594955 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7569511 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14319202 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6047891 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.34
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.93
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.93
CY2021Q2 sdig Tax Receivable Agreement Percentage
TaxReceivableAgreementPercentage
0.85
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Interest Paid Net
InterestPaidNet
5981021 usd
us-gaap Interest Paid Net
InterestPaidNet
7054387 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1184935 usd
sdig Payments To Acquire Property Plant And Equipment Through Finance Leases
PaymentsToAcquirePropertyPlantAndEquipmentThroughFinanceLeases
633092 usd
sdig Payments To Acquire Property Plant And Equipment Through Finance Leases
PaymentsToAcquirePropertyPlantAndEquipmentThroughFinanceLeases
60679 usd
sdig Payments To Acquire Property Plant And Equipment Included In Accounts Payable Or Accrued Liabilities
PaymentsToAcquirePropertyPlantAndEquipmentIncludedInAccountsPayableOrAccruedLiabilities
134811 usd
sdig Payments To Acquire Property Plant And Equipment Included In Accounts Payable Or Accrued Liabilities
PaymentsToAcquirePropertyPlantAndEquipmentIncludedInAccountsPayableOrAccruedLiabilities
145093 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
291291 usd
sdig Reclassifications From Deposits To Property Plant And Equipment
ReclassificationsFromDepositsToPropertyPlantAndEquipment
8000643 usd
sdig Reclassifications From Deposits To Property Plant And Equipment
ReclassificationsFromDepositsToPropertyPlantAndEquipment
4658970 usd
sdig Settlement Of Debt Through Issuance Of Equity
SettlementOfDebtThroughIssuanceOfEquity
0 usd
sdig Settlement Of Debt Through Issuance Of Equity
SettlementOfDebtThroughIssuanceOfEquity
16812500 usd
sdig Settlement Of Accrued Interest Through Issuance Of Equity
SettlementOfAccruedInterestThroughIssuanceOfEquity
0 usd
sdig Settlement Of Accrued Interest Through Issuance Of Equity
SettlementOfAccruedInterestThroughIssuanceOfEquity
655500 usd
us-gaap Stock Issued1
StockIssued1
0 usd
us-gaap Stock Issued1
StockIssued1
45386944 usd
sdig Warrants Issued Settlement Agreement
WarrantsIssuedSettlementAgreement
0 usd
sdig Warrants Issued Settlement Agreement
WarrantsIssuedSettlementAgreement
1739882 usd
sdig Settlement Of Payable Through Return Of Transformers
SettlementOfPayableThroughReturnOfTransformers
0 usd
sdig Settlement Of Payable Through Return Of Transformers
SettlementOfPayableThroughReturnOfTransformers
6007500 usd
us-gaap Notes Issued1
NotesIssued1
0 usd
us-gaap Notes Issued1
NotesIssued1
3500000 usd
sdig Elimination Of Payable Through Issuance Of Debt
EliminationOfPayableThroughIssuanceOfDebt
0 usd
sdig Elimination Of Payable Through Issuance Of Debt
EliminationOfPayableThroughIssuanceOfDebt
11426720 usd
us-gaap Loans Assumed1
LoansAssumed1
2100249 usd
us-gaap Loans Assumed1
LoansAssumed1
1887824 usd
sdig Stock Issued Settle Outstanding Payables Or Accrued Liabilities
StockIssuedSettleOutstandingPayablesOrAccruedLiabilities
134984 usd
sdig Stock Issued Settle Outstanding Payables Or Accrued Liabilities
StockIssuedSettleOutstandingPayablesOrAccruedLiabilities
1014780 usd

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