By Stephen NakrosisShares of Stronghold Digital Mining were trading higher on the Nasdaq Wednesday, after the company provided a bitcoin mining update for the month of June. Volume at the time topped 941,000 shares, above the stock's 65-day average volume of 205,701 shares. For the month of June, Stronghold Digital said, it was awarded about 225 bitcoin via its mining operations. The total number of bitcoin awarded in the second quarter is about 43% higher than the total in the fourth quarter of last year, and 1% higher than the first quarter of 2023, Stronghold Digital said. The company also said June saw it receive and energize 2,000 Avalon 1346 bitcoin mining rigs associated with the previously announced Canaan Bitcoin Mining Agreement.

Source: Wall Street Journal July 06, 2023 07:56 UTC