According to the Gate.io News bot, Stronghold Digital Mining, a U.S. Bitcoin mining company, is preparing to go public, as reported by Decrypt. The company is backed by former Trump senior advisor Jason Miller and former White House Chief of Staff Reince Priebus. Stronghold Digital Mining plans to go public on NASDAQ through a merger with the publicly traded company Gryphon Digital Mining. The newly merged company will continue to use the Stronghold brand and will trade on NASDAQ under the "SDIG" ticker. Source: Decrypt

Stronghold Digital has agreed to pay $4.75 million and 25 BTC to settle a class action lawsuit alleging that it exaggerated its BTC Mining capabilities during the 2021 IPO. The settlement protocol was reached after a year of mediation and the BTC will be paid out in installments over the next 24 months. The value of the BTC portion is approximately $2.2 million.

BTC mining enterprise Stronghold produced 63 BTC in August, with an additional increase of about 4 BTC, generating approximately $200,000 in revenue; the mining enterprise's revenue in August was approximately $4 million, a decrease of about 2% compared to the previous month.

Golden Finance reported that BTCMiner listed in the United States has reached a record 26.6% share of the global Hash Rate. The bank stated that all Miners, except for Stronghold Digital, outperformed BTC during this period. Due to the surge in stock prices of both pure Miners and High-Performance Computing (HPC) Miners, BTC mining stocks reached an all-time high in the first two weeks of this month.