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Bitcoin Miner Stronghold Digital Bolsters Balance Sheet by Cutting Costs, Slashing Debt by More Than 60%

Stronghold won't have to pay up to $25 million of profit share to Northern Data, after ending bitcoin mining rig hosting deal.

By Eliza Gkritsi

Updated May 9, 2023, 3:59 a.m. Published Oct 14, 2022, 11:02 a.m.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left).
(Stronghold Digital Mining) — Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left). (Stronghold Digital Mining)