TechFlow news, according to Bitcoin.com, publicly traded bitcoin mining company Stronghold Digital Mining has announced signing a $15 million equity purchase agreement with an institutional investor. Stronghold stated it will use the funds to expand its mining equipment fleet and advance its carbon capture initiatives. The funding is being achieved through the sale of 2.3 million Class A shares at an average price of $6.71 per share. Earlier this year, the company partnered with Canaan's Cantaloupe Digital to enhance its hashing power. Additionally, Stronghold provided an update on its Panther Creek mining facility, showing the site operated at 60% capacity between November 20 and December 7, 2023.
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