miners took a massive decline since the crypto market capitulated. While there were hopes that it would get better, it hasn’t really improved.its second quarter report. The company, via this report, noted that it recorded a $127.9 million debt, and owns $400,000 in digital assets and $33 million in cash.
“Revenues in the second quarter of 2022 increased 597% to $29.2 million compared to $4.2 million in the same quarter a year ago.” Additionally, the Q2 report stated that its operating expenses skyrocketed almost 717% from $7.2 million in Q2 2021 to $59 million in 2022. Now, the company said it has developed a way to help it move forward.NYDIGAlso, the agreement with the miner lender will drive Stronghold’s hash rate to 2.5 exahash per second .
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