K2 Principal Fund L.P. Acquires 53,050 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG)

K2 Principal Fund L.P. lifted its holdings in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) by 30.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 227,611 shares of the company’s stock after acquiring an additional 53,050 shares during the quarter. K2 Principal Fund L.P.’s holdings in Stronghold Digital Mining were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SDIG. Cubist Systematic Strategies LLC purchased a new position in Stronghold Digital Mining during the 4th quarter valued at about $302,000. Northern Trust Corp boosted its position in shares of Stronghold Digital Mining by 16.9% in the fourth quarter. Northern Trust Corp now owns 28,571 shares of the company’s stock valued at $100,000 after acquiring an additional 4,120 shares during the period. Walleye Capital LLC grew its stake in Stronghold Digital Mining by 49.8% during the fourth quarter. Walleye Capital LLC now owns 303,000 shares of the company’s stock valued at $1,060,000 after acquiring an additional 100,707 shares in the last quarter. Invesco Ltd. increased its holdings in Stronghold Digital Mining by 32.9% during the 4th 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. Finally, BIT Capital GmbH purchased a new stake in Stronghold Digital Mining in the 4th quarter worth approximately $5,478,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Stronghold Digital Mining Price Performance

Shares of NASDAQ:SDIG opened at $2.81 on Friday. The firm 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 market cap of $48.45 million, a price-to-earnings ratio of -0.76 and a beta of 3.00. 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, Inc. has a one year low of $1.84 and a one year high of $6.70.

Stronghold Digital Mining 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.