To eliminate all $67.4 million outstanding under the equipment financing agreements with these lenders and consensually return approximately 26,200 Bitcoin miners (approximately 18,700 of which are currently operating) with hash rate capacity of approximately 2.5 exahash per second (“EH/s”), freeing up the related fully developed data center slots. The financing was provided by NYDIG and White Hawk
Will be focusing on selling power to the grid from their coal plants as long as prices exceed mined bitcoin.
press release here https://ir.strongholddigitalmining.com/news-releases/news-release-details/stronghold-digital-mining-reports-second-quarter-2022-results
Also see this article about Stronghold on The BTC Times:
Stronghold Sells 26,000 Bitcoin Miners To Eliminate Debt
https://www.btctimes.com/news/stronghold-sells-26000-bitcoin-miners-to-eliminate-debt
Dashboard of grid pricing vs bitcoin available here for Stringhold's stats https://zeiner.com
That's great to see investor participation and evangelism.
$SDIG
https://finance.yahoo.com/quote/sdig/
Stronghold's initial plan didn't pan out, but there's definitely a market now for those kWhs.