Companies · Other Energy

Stronghold Digital Mining, Inc.

NEW YORK · Other Energy

Diligence memoA one-page analyst read on Stronghold Digital Mining, Inc. — recommendation, valuation, rhythm, risks.
$173.2M
Total raised · real
6
Rounds
1.5×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri Dec 22 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Stronghold Digital Mining, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.33× the median modeled value of Series C Other Energy companies in 2022–2024 (26 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.5 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Energy

Stronghold Digital Mining, Inc. is one of 2049 Other Energy companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 97% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2021
Year incorporated
2023-12-22
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeries C · 2021-04-01 Raised $85M (real) Modeled valuation $911M (est)$85M$911MSeries C2021Series C · 2021-05-14 Raised $20M (real) Modeled valuation $211M (est)$20M$211MSeries C2021Series C · 2022-05-15 Raised $34M (real) Modeled valuation $307M (est)$34M$307MSeries C2022Series C · 2022-09-19 Raised $9.0M (real) Modeled valuation $78M (est)$9.0M$78MSeries C2022Series C · 2023-04-20 Raised $10M (real) Modeled valuation $79M (est)$10M$79MSeries C2023Series C · 2023-12-22 Raised $15M (real) Modeled valuation $111M (est)$15M$111MSeries C2023+$20M+$34M+$9.0M+$10M+$15MCumulative $173M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$85.0M · 2021
Series C extension$20.0M · 2021
Series C extension$33.8M · 2022
Series C extension$9.0M · 2022
Series C extension$10.0M · 2023
Series C extension$15.4M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$110.7M
Base estimate est.
$56.7M
Conservative case
$180.8M
Upside case
$102.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Series C · modeled $911.3M · 2021-04-012021Series C · modeled $210.7M · 2021-05-14Series C · modeled $306.7M · 2022-05-15Series C · modeled $77.7M · 2022-09-19Series C · modeled $79.2M · 2023-04-20Series C · modeled $110.7M · 2023-12-222023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
1.16×/yr
Annual markup
1.33×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$63.6M/yr
Capital velocity
5.3 yr
On record since
2021
First round
6
Rounds on file
How it compares to the market

Benchmarked against 2049 companies in Other Energy. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 51× above median
This company$173.2M
Sector median$3.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.3× of median
This company$15.4M
Sector median$47.0M
Modeled value — vs sector median (estimate, all stages) 6.5× above median
This company$110.7M
Sector median$17.0M

Raised more than 97% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #19 of 26.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Easy Energy Finance, Inc. · Series C Raised $100.0M · modeled $879.9M (est)Novasource Power Holdings, Inc. · Series C Raised $100.0M · modeled $877.8M (est)UM Capital LLC · Series C Raised $100.0M · modeled $653.9M (est)KORE Power, Inc. · Series C Raised $75.1M · modeled $630.3M (est)Gac Ii, Llc · Series C Raised $100.0M · modeled $626.2M (est)Dandelion Energy, Inc. · Series C Raised $133.8M · modeled $616.8M (est)e2Companies LLC · Series C Raised $61.2M · modeled $557.2M (est)Faro Energy Holdings LLC · Series C Raised $55.6M · modeled $482.8M (est)TerraVolta Resources, LLC · Series C Raised $53.2M · modeled $423.0M (est)Poulterra Inc. · Series C Raised $50.0M · modeled $412.3M (est)SMG Industries Inc. · Series C Raised $59.0M · modeled $402.5M (est)FastCAP Systems Corp · Series C Raised $109.1M · modeled $347.9M (est)Stronghold Digital Mining, Inc. (this company) Raised $173.2M · modeled $110.7M (est)Stronghold Digital Mining, Inc.
CompanyStageRaised · realValue · estvs peer med.
Easy Energy Finance, Inc.Series C$100.0M$879.9M2.61×
Novasource Power Holdings, Inc.Series C$100.0M$877.8M2.60×
UM Capital LLCSeries C$100.0M$653.9M1.94×
KORE Power, Inc.Series C$75.1M$630.3M1.87×
Gac Ii, LlcSeries C$100.0M$626.2M1.86×
Dandelion Energy, Inc.Series C$133.8M$616.8M1.83×
e2Companies LLCSeries C$61.2M$557.2M1.65×
Faro Energy Holdings LLCSeries C$55.6M$482.8M1.43×
TerraVolta Resources, LLCSeries C$53.2M$423.0M1.25×
Poulterra Inc.Series C$50.0M$412.3M1.22×
SMG Industries Inc.Series C$59.0M$402.5M1.19×
FastCAP Systems CorpSeries C$109.1M$347.9M1.03×
Stronghold Digital Mining, Inc. this companySeries C$173.2M$110.7M0.33×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series C$85.0M2021-04-01$566.7M$911.3M90%
Series C$20.0M2021-05-14$133.3M$210.7M90%
Series C$33.8M2022-05-15$225.0M$306.7M90%
Series C$9.0M2022-09-19$60.0M$77.7M90%
Series C$10.0M2023-04-20$66.7M$79.2M90%
Series C$15.4M2023-12-22$102.9M$110.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series C$85.0M2021-04-01
    • First recorded raise — entered as Series C.
    • 108 investors on this round.
  2. Series C$20.0M2021-05-14
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 4.2× smaller than the prior — bridge or down round.
    • 89 investors on this round.
  3. Series C$33.8M2022-05-15
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 3 investors on this round.
  4. Series C$9.0M2022-09-19
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Series C$10.0M2023-04-20
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  6. Series C$15.4M2023-12-22
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~7mo cadence
$23.8M
Modeled next size est.range $15.5M$38.1M
1.5×
Last step-up
$63.6M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Matthew J. Smith2 other2022-05
Gregory A. Beard2021-04
Indira J. Agarwal2023-04
Ricardo R.A. Larroude2021-04
Richard J. Shaffer2021-04
Sarah P. James2023-04
Thomas J. Doherty2023-04
Thomas J. Pacchia2023-04
Thomas P. Doherty2023-12
Thomas R. Trowbridge, IV2023-04
William B. Spence2021-04
Registry & provenance

Stronghold Digital Mining, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1856028
SEC CIK
2021
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
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Ring-neck Energy & Feed, LLCOther EnergySeries C$102.5M$53.9Msame sector · same stage
Quaise Energy, Inc.Other EnergySeries C$83.1M$94.7Msame sector · same stage
Wind Power Holdings IncOther EnergySeries C$79.4M$53.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Bedrock Energy, Inc.Other EnergySeries A$33.9M86%
Power Metallic Mines Inc.Other EnergyPre-Seed$1.7M85%
STRATEGIC CRITICAL METALS CorpOther EnergySeries B$197.2M84%
Cornerstone Capital Resources IncOther EnergySeed$4.8M84%
G Mining Ventures Corp.Other EnergySeed$30.4M84%
Prize Mining CorpOther EnergySeries A$63.4M83%
STRATEGIC RARE EARTHS CorpOther EnergySeries B$197.2M83%
Goldhaven Resources Corp.Other EnergyPre-Seed$271K83%
Frequently asked
How much funding has Stronghold Digital Mining, Inc. raised?
Stronghold Digital Mining, Inc. has raised approximately $173.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Stronghold Digital Mining, Inc.'s estimated valuation?
Provath's modeled valuation for Stronghold Digital Mining, Inc. is approximately $110.7M (modeled range $56.7M–$180.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Stronghold Digital Mining, Inc. at?
Stronghold Digital Mining, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Dec 22.
What does Stronghold Digital Mining, Inc. do and where is it based?
Stronghold Digital Mining, Inc. operates in the Other Energy sector, based in NEW YORK.
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