Skip to main content

Can you transfer money from Bitcoin to a bank account?

Post a Comment

BITCOIN MINER STRONGHOLD LAUNCHES NASDAQ IPO


 

Bitcoin miner Stronghold announced today the launch of its initial public offering (IPO) of 5,882,352 Class A common stock shares.

The anticipated IPO price will be between $16 and $18 per share under an S-1 Form filed with the U.S. SEC, which has not yet become effective.

The company plans to list its shares on the Nasdaq Global Market under the ticker “SDIG.”

Stronghold Digital Assets has officially launched its Nasdaq IPO of 5,882,352 shares of Class A common stock at an anticipated price of between $16 and $18 per share, according to a release shared with Bitcoin Magazine.


The company has already filed the final prospectus with the Securities and Exchange Commission (SEC), but it has not yet become effective. The bitcoin miner first filed for a Nasdaq IPO in July.


Stronghold plans to list its Class A common stock on the Nasdaq Global Market under the ticker symbol “SDIG” and become the first North American company of its kind to go public through an actual IPO, different from the now popular direct listing and SPAC avenues.


“B. Riley Securities, Inc. and Cowen are acting as joint book-running managers, Tudor, Pickering, Holt & Co. is serving as lead manager, and D.A. Davidson & Co., Compass Point, and Northland Capital Markets are acting as co-managers for the proposed offering,” the release said.


In addition to the over five million shares, Stronghold intends to grant underwriters a 30-day option to purchase up to an additional 882,352 shares of the company’s Class A common stock at the IPO price, less the underwriting discount and commissions.



Stronghold has sought to restore the usability of geographical areas damaged by waste coal by converting it into power and mining bitcoin with its first power generation plant in Pennsylvania. In August, Stronghold acquired a second power plant, seeking to double the miner’s capacity.

Labels:

Comments

Post a Comment

ان لم يكن لديك سؤال..كلمة شكر تكفينا

Popular posts from this blog

Can you transfer money from Bitcoin to a bank account?

  Can you transfer money from Bitcoin to a bank account? The Bircoin market is one among the simplest and abundant markets in terms of trading, because the amount traded has been limited to quite $ 5 trillion.   Learn how to Bircoin trading online, in recent years the term currency trading (also referred to as forex) has spread and there are many people making deals through available platforms a day in search of profit. The currency trading and trading market are characterized as an outsized , decentralized global market during which the individual buys and sells currencies supported the worth of these currencies on the planet level.   Useful information about currency trading It is recognized that trade the currency aimed toward buying and selling, and it's called trading, because it spread in various countries of the planet and called Bircoin trading and exchange .   The currency trade is represented in selling high-priced currencies and buying low, especia...
Post a Comment
Read more

What Happens to Bitcoin After All 21 Million Are Mined?

One of the chief characteristics of Bitcoin (BTCUSD) is its limited supply. Other forms of money, including fiat currencies, can be printed at will by central banks—i.e., they have unlimited supply.  Bitcoin inventor Satoshi Nakamoto capped the number of bitcoin at 21 million, meaning there will only ever be 21 million bitcoins in existence. On average, these bitcoins are introduced to the Bitcoin supply at a fixed rate of one block every 10 minutes. In addition, the number of bitcoins released in each of these aforementioned blocks is reduced by 50% every four years. By August 2021, 18.7 million bitcoins were available, leaving roughly 2.3 million to be mined.1 The supply limitation makes Bitcoin scarce and controls inflation that might arise from an unlimited supply of the cryptocurrency.  As Bitcoin reaches its capped supply, its economics will alter. The incentives for various members in its ecosystem, such as miners and traders, will change. For example, miners may rely l...
Post a Comment
Read more

THE RECONCILIATION BILL MAY ACCELERATE BITCOIN ADOPTION IN THE U.S.

  There’s a strong reason behind the recent wave of bitcoin adoption among the world’s least stable and poorest countries. Bitcoin disproportionately benefits the underbanked and underprivileged because it gives them access to an open global monetary network with predictable policy and low barriers to entry. Although the U.S. has attracted substantial amounts of bitcoin interest and investment since its inception, it’s safe to say that the average American citizen knows little beyond what the mainstream media headlines and FUDsters say. While this runs counter to the U.S.’s typical affinity for technological advancement, it makes sense. As the home of the world’s reserve currency, the U.S. is uniquely positioned to provide wide access to basic financial services and stable infrastructure to its constituents, who rarely see the need to transfer money outside of that ecosystem. Consequently, the average American doesn’t sense any pressure to move beyond pseudo-decentralized platforms...
Post a Comment
Read more