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Armistice Capital reports 9.9% stake in miner Stronghold Digital
UPDATED: February 15, 2023, 8:32AM EST
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="theblock.co" target="_blank">The Block</a></span></span></span>
Quick Take
- Hedge fund Armistice Capital took a 9.9% beneficial ownership stake in bitcoin miner Stronghold Digital Mining, according to a filing.
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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.
