Stronghold Digital Mining, Inc.

SDIG

SDIGStronghold Digital Mining, Inc. US flag

NASDAQ Global Market

2.81

USD

+0.09

- -

42.03MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Sales/Revenue/Turnover	11	4	31	110	75
+ Sales & Services Revenue	11	4	31	110	75
- Cost of Revenue	8	- -	13	33	29
+ Cost of Goods & Services	8	- -	13	33	29
Gross Profit	3	4	18	77	46
+ Other Operating Income	- -	- -	- -	- -	- -
- Operating Expenses	9	6	38	149	100
+ Selling, General & Admin	3	2	15	44	31
+ Research & Development	- -	- -	- -	- -	- -
+ Other Operating Expense	6	4	23	104	68
Operating Income (Loss)	-7	-2	-20	-71	-53
- Non-Operating (Income) Loss	-5	-2	7	124	49
+ Interest Expense, Net	- -	- -	5	14	10
+ Interest Expense	- -	- -	5	14	10
- Interest Income	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-5	-2	2	110	39
Pretax Income	-2	- -	-27	-195	-102
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-2	- -	-27	-195	-102
- Net Extraordinary Losses (Gains)	- -	- -	-32	-212	-61
+ Discontinued Operations	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-32	-212	-61
Income (Loss) Incl. MI	-2	- -	4	17	-41
- Minority Interest	- -	- -	16	106	30
Net Income, GAAP	-2	- -	-11	-89	-71
- Preferred Dividends	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-2	- -	-11	-89	-71
EBIT	-7	-2	-20	-71	-53
EBITDA	-6	-2	-13	-24	-18
EBITDA Margin (%)	-55.17	-44.84	-41	-21.99	-23.86
EBITA	-7	-2	-20	-71	-53
Gross Margin (%)	23.65	90.54	57.49	70.09	61.86
Operating Margin (%)	-59.55	-58.4	-65.61	-64.84	-71.11
Profit Margin (%)	-16.76	-3.52	-37.04	-80.98	-95.24
Sales per Employee	- -	- -	- -	- -	- -
Dividend per Share	0.3	0.59	- -	- -	- -
Depreciation Expense	- -	1	8	47	35
Basic Weighted Avg Shares	2	2	1	3	7
Basic EPS, GAAP	-0.97	-0.08	-20.75	-34.53	-10.47
Basic EPS from Cont Ops	-0.97	-0.08	-49.39	-75.5	-14.93
Diluted Weighted Avg Shares	2	2	1	3	7
Diluted EPS, GAAP	-0.97	-0.08	-20.75	-34.53	-10.47
Diluted EPS from Cont Ops	-0.97	-0.08	-49.39	-75.5	-14.93

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Total Current Assets	1	1	55	36	18
+ Cash, Cash Equivalents & STI	- -	1	40	13	4
+ Cash & Cash Equivalents	- -	- -	32	13	4
+ ST Investments	- -	- -	8	- -	- -
+ Accounts & Notes Receiv	- -	- -	2	11	1
+ Accounts Receivable, Net	- -	- -	2	11	1
+ Notes Receivable, Net	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -
+ Inventories	1	- -	3	4	4
+ Raw Materials	1	- -	3	4	4
+ Work In Process	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -
+ Other ST Assets	1	- -	10	7	9
+ Misc ST Assets	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -
Total Noncurrent Assets	7	8	300	181	157
+ Property, Plant & Equip, Net	6	8	299	181	156
+ Property, Plant & Equip	33	35	334	253	254
- Accumulated Depreciation	26	27	35	73	98
+ LT Investments & Receivables	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	1
+ Total Intangible Assets	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	1
Total Assets	8	9	355	217	174
+ Payables & Accruals	9	9	35	38	23
+ Accounts Payable	8	8	29	28	12
+ Accrued Taxes	- -	- -	- -	5	6
+ Interest & Dividends Payable	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	6	5	6
+ ST Debt	- -	2	46	18	9
+ ST Borrowings	- -	2	46	17	8
+ ST Finance Leases	- -	- -	- -	1	1
+ Other ST Liabilities	- -	- -	11	5	3
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	11	5	3
Total Current Liabilities	9	12	92	60	35
+ LT Debt	1	1	19	58	49
+ LT Borrowings	1	1	19	57	48
+ LT Finance Leases	- -	- -	- -	1	1
+ Other LT Liabilities	- -	- -	1	4	27
+ Accrued Liabilities	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	1	3	26
Total Noncurrent Liabilities	1	2	20	62	76
Total Liabilities	11	13	113	122	111
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	543	335	395
+ Common Stock	- -	- -	301	12	20
+ Additional Paid in Capital	- -	- -	242	323	375
- Treasury Stock	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	-339	-240	-332
+ Other Equity	- -	- -	- -	- -	- -
Equity Before Minority Interest	-3	-4	204	95	64
+ Minority/Non Controlling Interest	- -	- -	38	- -	- -
Total Equity	-3	-4	242	95	64
Total Liabilities & Equity	8	9	355	217	174
Shares Outstanding	2	2	2	3	11
Number of Employees	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	2	2
Net Debt	1	3	33	61	52
Net Debt to Equity	-39.2	-85.04	13.74	64.52	81.37
Tangible Common Equity Ratio	-34.98	-43.23	68.21	43.69	36.6
Current Ratio	0.15	0.12	0.59	0.59	0.5
Cash Conversion Cycle	- -	-11,209.41	-355.21	-236.13	-170.98

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

+ Net Income	-2	- -	-27	-195	-102
+ Depreciation & Amortization	- -	1	8	47	35
+ Non-Cash Items	-1	- -	-4	128	46
+ Stock-Based Compensation	- -	- -	4	14	9
+ Deferred Income Taxes	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	2	66	6
+ Other Non-Cash Adj	-1	- -	-10	48	30
+ Chg in Non-Cash Work Cap	4	- -	18	-8	14
+ (Inc) Dec in Accts Receiv	- -	- -	-1	-9	10
+ (Inc) Dec in Inventories	- -	- -	-1	-1	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	1	7	7
+ Inc (Dec) in Accts Payable	3	- -	23	-3	-3
+ Inc (Dec) in Other	- -	- -	-2	-1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Operating Activities	1	1	-5	-27	-7
+ Change in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	13	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	13	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-2	-254	-85	-24
+ Acq of Fixed Prod Assets	- -	-2	-254	-85	-24
+ Acq of Intangible Assets	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	132	9	36
+ Increase in Capital Stock	- -	- -	132	9	36
+ Decrease in Capital Stock	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	1	- -	- -
+ Dec in LT Investment	- -	- -	1	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-4	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-4	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-1	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-2	-258	-72	-24
+ Dividends Paid	-1	-1	- -	- -	- -
+ Net Cash From Debt	- -	3	63	76	-7
+ Cash From Debt	- -	3	82	152	- -
+ Repayments of Debt	- -	- -	-18	-76	-7
+ Other Financing Activities	- -	- -	99	-5	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Financing Activities	-1	1	294	80	22
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -
Net Changes in Cash	- -	- -	31	-18	-9
EBITDA	-6	-2	-13	-24	-18
EBITDA Margin (%)	-55.17	-44.84	-41	-21.99	-23.86
Free Cash Flow	1	-1	-259	-112	-31
Net Cash Paid for Acquisitions	- -	- -	4	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	1	-195	-22	-38
Free Cash Flow per Basic Share	0.4	-0.74	-468.84	-43.23	-4.55
Price/Free Cash Flow	- -	- -	0.29	0.22	2.97
Cash Flow to Net Income	-0.41	-4.05	0.44	0.3	0.1
Capital Expenditures	- -	-2	-254	-85	-24