Stronghold Bitcoin Miner Raises $105 Million

According to a press release sent to bitcoin magazine, Stronghold Digital Mining, a green and vertically integrated Bitcoin mining company headquartered in Pennsylvania, has raised $105 million in two private equity offerings.

The company focuses on converting waste coal directly into value through bitcoin mining.

“Coal waste fires have been causing havoc in my state, Pennsylvania, for a hundred years,” said Bill Spence, Stronghold’s co-chair, in the statement. “Not only are these coal fires a major source of greenhouse gases, but acidic runoff and ash from these uncontrolled burning piles pose serious threats to health, the environment, and water quality in surrounding communities.”

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