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Bitcoin Miner Stronghold Converts $17.9 Million Of Debt To Preferred Stock

 

Key Points: Stronghold Digital Mining, a Bitcoin mining company, announced Tuesday that it had reached an agreement to convert $17.9m in convertible debt into $23.1m in convertible preferred shares. This transaction is the latest attempt by the Bitcoin miner to improve its balance sheet. In August, Stronghold reached an agreement.

 

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