Stronghold Digital Sets IPO Price at $16-$18 a Share

Stronghold Digital Sets IPO Price at – a Share
Stronghold Digital, the bitcoin mining company that converts coal waste into power for its operations, plans to raise between $94 million and $106 million in an initial public offering, according to a filing with the U.S. Securities and Exchange Commission (SEC).Existing shareholders – including Q Power, which is controlled by the company’s co-chairmen, Greg Beard and Bill Spence – will hold 87% of the total voting shares outstanding.Stronghold operates 3,000 miners, with a hashrate capacity of about 185 petahash per second. It plans to bring its total hashrate capacity to more than 2,100 PH/s by December and to more than…