{"id":44778,"date":"2021-06-22T17:07:50","date_gmt":"2021-06-22T14:07:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44778"},"modified":"2025-08-31T18:37:52","modified_gmt":"2025-08-31T15:37:52","slug":"stronghold-digital-mining-raises-105m-in-funding","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stronghold-digital-mining-raises-105m-in-funding\/","title":{"rendered":"Stronghold Digital Mining raises $105m in funding"},"content":{"rendered":"<p>American mining company Stronghold Digital Mining has raised $105m in funding through two private placements of securities. This was reported by<a href=\"https:\/\/www.coindesk.com\/stronghold-digital-mining-raises-105m-to-turn-waste-coal-into-bitcoin\"> CoinDesk<\/a>.<\/p>\n<p>Investors included MG Capital, family offices, and former senior partner at Apollo Global Management, Greg Bird.<\/p>\n<p>Stronghold Digital Mining positions itself as an <span data-descr=\"environmental, social and governance\" class=\"old_tooltip\">ESG<\/span>-friendly mining company. The company&#8217;s facilities and its Scrubgrass Plant waste-coal processing plant are located in Pennsylvania.<\/p>\n<p>The funds will be used by Stronghold Digital Mining to purchase equipment for cryptocurrency mining and to finance coal-cleanup initiatives.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abOur Scrubgrass Plant, in combination with the environmental advantages the region provides, allows Bitcoin mining, as we believe, with some of the lowest costs in the industry,\u00bb the company said.<\/p>\n<\/blockquote>\n<p>Discussions about the environmental impact of mining intensified after Elon Musk<a href=\"https:\/\/u1f987.com\/en\/news\/tesla-halts-bitcoin-car-sales-and-roils-the-market\"> about the halting of Tesla car sales for Bitcoin<\/a>.<\/p>\n<p>Later, the businessman said that<a href=\"https:\/\/u1f987.com\/en\/news\/tesla-proposed-to-resume-accepting-bitcoin-payments-condition-met\"> the company will resume dealing with cryptocurrency<\/a>, when it receives confirmation that 50% of miners&#8217; energy consumption comes from clean energy.<\/p>\n<p>Earlier, Marathon Digital Holdings plans to build in Texas <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-to-build-a-green-data-center-for-bitcoin-mining\">a &#8216;green&#8217; data centre for Bitcoin mining<\/a>.<\/p>\n<p>In May 2021, the mining company BIT Mining Limited announced the construction in the same state <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-to-build-a-green-data-center-for-bitcoin-mining\">a facility with a capacity of 57.2 MW<\/a>, of which 85% would be powered by clean and low-carbon energy.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American mining company Stronghold Digital Mining has raised $105m in funding through two private placements of securities, according to CoinDesk.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1259,26],"class_list":["post-44778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ecology","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44778"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44778\/revisions"}],"predecessor-version":[{"id":44779,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44778\/revisions\/44779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}