Stronghold Digital Mining Inc
Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services. The company was incorporated in 2021 and is headquartered in New York, New Yo… Read more
Stronghold Digital Mining Inc (SDIG) - Net Assets
Latest net assets as of September 2024: $31.07 Million USD
Based on the latest financial reports, Stronghold Digital Mining Inc (SDIG) has net assets worth $31.07 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($141.37 Million) and total liabilities ($110.30 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $31.07 Million |
| % of Total Assets | 21.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 33644.58 |
Stronghold Digital Mining Inc - Net Assets Trend (2014–2023)
This chart illustrates how Stronghold Digital Mining Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Stronghold Digital Mining Inc (2014–2023)
The table below shows the annual net assets of Stronghold Digital Mining Inc from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $63.81 Billion | +67228.34% |
| 2022-12-31 | $94.78 Million | -60.82% |
| 2021-12-31 | $241.89 Million | +6076.82% |
| 2020-12-31 | $-4.05 Million | -45.53% |
| 2019-12-31 | $-2.78 Million | +67.46% |
| 2014-12-31 | $-8.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Stronghold Digital Mining Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 33164775500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $104.65 Billion | 241.13% |
| Other Comprehensive Income | $-1.00K | 0.00% |
| Other Components | $270.40 Billion | 623.08% |
| Total Equity | $43.40 Billion | 100.00% |
Stronghold Digital Mining Inc Competitors by Market Cap
The table below lists competitors of Stronghold Digital Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elin Electronics Limited
NSE:ELIN
|
$33.83 Million |
|
Kalray S.A.
LSE:0ABT
|
$33.84 Million |
|
G J Steel Public Company Limited
BK:GJS
|
$33.84 Million |
|
Chien Shing Stainless Steel Co Ltd
TW:2025
|
$33.84 Million |
|
Hansol Csn
KO:009180
|
$33.82 Million |
|
Vection Technologies Ltd
AU:VR1
|
$33.82 Million |
|
Luxury Real Estate Investment Fund
BK:LUXF
|
$33.80 Million |
|
OFCO Industrial
TWO:5011
|
$33.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Stronghold Digital Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 94,779,731 to 43,397,504,000, a change of 43,302,724,269 (45687.7%).
- Net loss of 71,396,744 reduced equity.
- New share issuances of 8,483,982 increased equity.
- Other comprehensive income increased equity by 11,753,587.
- Other factors increased equity by 43,353,883,444.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-71.40 Million | -0.16% |
| Share Issuances | $8.48 Million | +0.02% |
| Other Comprehensive Income | $11.75 Million | +0.03% |
| Other Changes | $43.35 Billion | +99.9% |
| Total Change | $- | 45687.75% |
Book Value vs Market Value Analysis
This analysis compares Stronghold Digital Mining Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-1.39 | $2.81 | x |
| 2020-12-31 | $-2.02 | $2.81 | x |
| 2021-12-31 | $102.03 | $2.81 | x |
| 2022-12-31 | $36.67 | $2.81 | x |
| 2023-12-31 | $6362.18 | $2.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Stronghold Digital Mining Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -95.24%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 4.02x
- Recent ROE (-0.16%) is above the historical average (-30.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -42.70% | 1.39x | 0.00x | $-4.44 Million |
| 2020 | 0.00% | -38.84% | 0.44x | 0.00x | $-1.20 Million |
| 2021 | -7.89% | -52.13% | 0.09x | 1.74x | $-36.54 Million |
| 2022 | -144.72% | -129.36% | 0.49x | 2.29x | $-146.65 Million |
| 2023 | -0.16% | -95.24% | 0.00x | 4.02x | $-4.41 Billion |
Industry Comparison
This section compares Stronghold Digital Mining Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Stronghold Digital Mining Inc (SDIG) | $31.07 Million | 0.00% | 3.55x | $33.83 Million |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |