Stronghold Digital Mining has moved its earnings release, originally scheduled for today, to August 15. A spokesperson for the company stated that they are planning to make “significant announcements.”
Stronghold Digital Mining has pushed back its second quarter earnings conference call from today to August 15, it announced on Thursday in a release. This is the second delay in earnings releases by a mining company this week.
When asked about the delay, a spokesperson stated that “We’re making an important announcement that required a day or so more to complete.” Stronghold did not mention in its press release a reason for the delay.
Stronghold will hold its second quarter earnings conference call on August 15, at 5:00 pm EDT. After trading closes, a press release would be issued with the results. Today’s stock prices were up 4.68% from yesterday’s close.
Stronghold has miners operating at two Pennsylvania plants that produce power from waste coal. In October 2021, became public.
Riot Blockchain, another notable mining company, delayed its earnings release this weeks. Riot informed the U.S Securities and Exchange Commission (SEC), in an August 9 file, that it was unable to file its second quarter report on schedule. It stated that it needed to assess its impairment due “recent adverse business changes.”
Riot stated in the filing that there were many global macroeconomic and geopolitical factors that contributed to the delay in accounting. These included the ongoing war in Ukraine and slowdowns in global logistics.