Cubist Systematic Strategies LLC Makes New $302,000 Investment in Stronghold Digital Mining, Inc. (NASDAQ:SDIG)

Cubist Systematic Strategies LLC purchased a new position in Stronghold Digital Mining, Inc. (NASDAQ:SDIG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,286 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SDIG. Soltis Investment Advisors LLC bought a new position in shares of Stronghold Digital Mining during the 4th quarter valued at approximately $72,000. Virtu Financial LLC bought a new position in shares of Stronghold Digital Mining during the 4th quarter valued at approximately $167,000. BIT Capital GmbH bought a new position in shares of Stronghold Digital Mining during the 4th quarter valued at approximately $5,478,000. Invesco Ltd. boosted its position in shares of Stronghold Digital Mining by 32.9% during the 4th quarter. Invesco Ltd. now owns 78,524 shares of the company’s stock valued at $275,000 after acquiring an additional 19,427 shares during the last quarter. Finally, Walleye Capital LLC boosted its position in shares of Stronghold Digital Mining by 49.8% during the 4th quarter. Walleye Capital LLC now owns 303,000 shares of the company’s stock valued at $1,060,000 after acquiring an additional 100,707 shares during the last quarter. 19.33% of the stock is currently owned by institutional investors.

Stronghold Digital Mining Price Performance

NASDAQ SDIG opened at $2.81 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27. The company has a market capitalization of $48.45 million, a P/E ratio of -0.76 and a beta of 3.00. Stronghold Digital Mining, Inc. has a one year low of $1.84 and a one year high of $6.70. The stock has a 50 day moving average price of $2.81 and a 200-day moving average price of $3.66.

About Stronghold Digital Mining

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.