K2 Principal Fund L.P. Grows Position in Stronghold Digital Mining, Inc. (NASDAQ:SDIG)

K2 Principal Fund L.P. grew its position in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) by 30.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,611 shares of the company’s stock after acquiring an additional 53,050 shares during the quarter. K2 Principal Fund L.P. owned 1.32% of Stronghold Digital Mining worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BIT Capital GmbH purchased a new position in Stronghold Digital Mining during the fourth quarter worth about $5,478,000. Walleye Capital LLC boosted its stake in shares of Stronghold Digital Mining by 49.8% in the 4th quarter. Walleye Capital LLC now owns 303,000 shares of the company’s stock worth $1,060,000 after buying an additional 100,707 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Stronghold Digital Mining by 83.0% in the third quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock valued at $849,000 after acquiring an additional 76,260 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Stronghold Digital Mining during the fourth quarter valued at approximately $302,000. Finally, Invesco Ltd. lifted its holdings in Stronghold Digital Mining by 32.9% during the fourth quarter. Invesco Ltd. now owns 78,524 shares of the company’s stock worth $275,000 after acquiring an additional 19,427 shares during the period. Institutional investors own 19.33% of the company’s stock.

Stronghold Digital Mining Price Performance

Shares of NASDAQ:SDIG opened at $2.81 on Friday. 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 PE ratio of -0.76 and a beta of 3.00. The business has a fifty day moving average price of $2.82 and a two-hundred day moving average price of $3.73. 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 Company 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.