Ecofriendly crypto miner Stronghold Digital Mining files for IPO

Dan Kitwood/Getty Images News Stronghold Digital Mining Inc. (SDIG), which bills itself as an ecofriendly bitcoin-mining company, filed Tuesday for an IPO to raise $100M, although that’s likely just a placeholder number. Stronghold wrote in an S-1 filing with the U.S. Securities and Exchange Commission that it plans to list on the Nasdaq under the ticker symbol “SDIG.” The company released few other details, such as how many shares it plans to sell or the initial public offering’s expected price range. The lack of information makes calculating the company’s value impossible, although Stronghold recently raised $105M in pre-IPO funding at an undisclosed valuation. Investors reportedly included MG Capital and Stronghold CEO Greg Beard. SDIG did disclose in its S-1 that the company plans to sell Class A common stock through the IPO to complement its Class V shares, which Stronghold has used for acquisitions. Class A and V shares will both