Bitcoin Miner Stronghold Digital Mining Inc to Sell 26,200 Mining Rigs!

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Bitcoin miners in debt Amid the crypto market crash this year, Stronghold Digital Mining Inc is set to sell 26,200 of its mining rigs to reduce its debt.

As per the firm, Selling these rigs will help them get rid of the $67.4 million debt.

The Firm is also working on convertible note restructuring to reduce the principal amount outstanding by $11.3 million along with reducing the strike price substantially from $2.50 to 1 cent.