Bitcoin Miner Stronghold Digital in Debt Restructuring Negotiations With Lenders

“This delay principally pertains to the Firm’s ongoing negotiations of probably materials transactions with its lenders to restructure or refinance sure financing agreements so as enhance the Firm’s monetary place, and for the Firm to have the ability to proceed as a going concern for a minimum of the following 12 months,” Stronghold wrote. “Administration’s efforts associated to negotiating the potential debt restructuring transactions and evaluating the Firm’s monetary place, together with its liquidity place, have required a big quantity of administration’s time and different Firm assets that usually can be dedicated to the preparation of the Quarterly Report and associated issues.”