Bitcoin miner Stronghold Digital completes debt restructuring

2022/11/02 00:20

According to Coindesk, Stonghold Digital (SDIG) closed on the seventh and final tranche of bitcoin miner deliveries to NYDIG that had served as collateral for financing agreements with NYDIG, the miner said in a Tuesday press release. This final tranche allowed for the cancellation of $2.1 million in debt. In all, since mid-August Stronghold has returned about 26,200 miners to NYDIG in return for the extinguishment of $67.4 million in debt. Stronghold also closed on a debt restructuring deal with WhiteHawk Finance, moving the weighted-average maturity to 36 months from 13 months, trimming monthly payments and adding $21 million in cash to the balance sheet. As of Tuesday, Stronghold has currently liquidity of about $30 million, including $29 million in unrestricted cash and bitcoin.

bullishbullishbullish1bearishbearishbearishBajistaMe gustaCompartir
Descargo de responsabilidad:El contenido anterior no representa las posiciones de Huobi.,Huobi no ofrece ninguna recomendación de trading.。

Artículos relacionados

  • Image

    Bitcoin Dominance Climbs Higher In June – Institutions Absorb Speculative BTC Demand

  • Will Bitcoin benefit from ‘Big Beautiful Bill’ passage and US debt ceiling increase?

  • Image

    Crypto Price Today (July 2): Bitcoin Reclaims $107K, XRP and SOL Mirror Rebound

Todos los comentarios0Lo más recientePopular

Lo más recientePopular
noContent

No hay registros

Artículos relacionados

  • Image

    Bitcoin Dominance Climbs Higher In June – Institutions Absorb Speculative BTC Demand

  • Will Bitcoin benefit from ‘Big Beautiful Bill’ passage and US debt ceiling increase?

  • Image

    Crypto Price Today (July 2): Bitcoin Reclaims $107K, XRP and SOL Mirror Rebound