Hedge fund Armistice Capital took a 9.9% beneficial ownership stake in bitcoin miner Stronghold Digital Mining, according to a filing.
The fund had an existing stake in the company, but it's unclear how big it was prior to today's filing.
Stronghold Digital last week restructured its $54.9 million loan with WhiteHawk Finance and signed a two-year hosting deal with Foundry. It was able to push back any mandatory principal amortization payments (totaling $29 million) until July 2024, it said in a statement.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.