Stronghold Digital Mining (Stronghold Digital Mining) Cash, Cash Equivalents, Marketable Securities : $4.22 Mil (As of Dec. 2023)

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What is Stronghold Digital Mining Cash, Cash Equivalents, Marketable Securities?

Stronghold Digital Mining's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($4.20 Mil) to Sep. 2023 ($4.08 Mil) but then increased from Sep. 2023 ($4.08 Mil) to Dec. 2023 ($4.22 Mil).

Stronghold Digital Mining's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($31.79 Mil) to Dec. 2022 ($13.30 Mil) and declined from Dec. 2022 ($13.30 Mil) to Dec. 2023 ($4.22 Mil).

Stronghold Digital Mining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Stronghold Digital Mining's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Stronghold Digital Mining Cash, Cash Equivalents, Marketable Securities Chart

Stronghold Digital Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.13

0.30

31.79

13.30

4.22

Stronghold Digital Mining Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											13.30	5.45	4.20	4.08	4.22

Stronghold Digital Mining Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Stronghold Digital Mining (NAS:SDIG) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Stronghold Digital Mining Cash, Cash Equivalents, Marketable Securities Related Terms

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Stronghold Digital Mining (Stronghold Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Stronghold Digital Mining Inc (NAS:SDIG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Madison Avenue, 28th Floor, New York, NY, USA, 10022

Website

https://www.strongholddigitalmining.com

Stronghold Digital Mining Inc is a vertically integrated crypto asset mining company currently focused on mining Bitcoin. The company has two reporting segments; Energy Operations and Cryptocurrency Operations. It generates maximum revenue from the Cryptocurrency Operations segment.

Executives

Gregory A Beard	director, 10 percent owner, officer: Chief Executive Officer	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
William B. Spence	director, 10 percent owner	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Matthew J. Smith	director	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Richard J. Shaffer	officer: See Remarks	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Thomas B Doherty	director	411 WAVERLY OAKS RD, WALTHAM MA 02154
Indira Agarwal	director	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Thomas Pacchia	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Sarah James	director	PO BOX 500 71 FORT STREET, GRAND CAYMAN E9 KY11106
Trowbridge Thomas R. Iv	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Ricardo Larroude	officer: Chief Financial Officer	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Q Power Llc	10 percent owner	2151 LISBON ROAD, KENNERDELL PA 16374