Northern Trust Corp Raises Holdings in Stronghold Digital Mining, Inc. (NASDAQ:SDIG)

Northern Trust Corp lifted its holdings in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,571 shares of the company’s stock after buying an additional 4,120 shares during the period. Northern Trust Corp owned about 0.17% of Stronghold Digital Mining worth $100,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Walleye Capital LLC increased its stake in Stronghold Digital Mining by 49.8% in the 4th quarter. Walleye Capital LLC now owns 303,000 shares of the company’s stock valued at $1,060,000 after purchasing an additional 100,707 shares in the last quarter. Invesco Ltd. increased its stake in Stronghold Digital Mining by 32.9% in the 4th quarter. Invesco Ltd. now owns 78,524 shares of the company’s stock valued at $275,000 after purchasing an additional 19,427 shares in the last quarter. BIT Capital GmbH purchased a new position in Stronghold Digital Mining in the 4th quarter valued at approximately $5,478,000. Virtu Financial LLC purchased a new position in Stronghold Digital Mining in the 4th quarter valued at approximately $167,000. Finally, Soltis Investment Advisors LLC purchased a new position in Stronghold Digital Mining in the 4th quarter valued at approximately $72,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Stronghold Digital Mining Stock Performance

NASDAQ SDIG opened at $2.81 on Wednesday. Stronghold Digital Mining, Inc. has a 1-year low of $1.84 and a 1-year high of $6.70. The company has a market capitalization of $48.45 million, a P/E ratio of -0.76 and a beta of 3.00. The business has a 50 day moving average price of $2.81 and a 200 day moving average price of $3.46. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21.

Stronghold Digital Mining Profile

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.