Bloomberg Law
Feb. 7, 2023, 1:40 PM

Bitcoin Miner Stronghold Restructures Debt to Improve Liquidity

David Pan
David Pan
Bloomberg News

Bitcoin miner Stronghold Digital Mining, Inc. said it has reached an agreement with lender WhiteHawk Finance to push back debt payments.

The Kennerdell, Pennsylvania-based company is the latest crypto miner that’s been able to negotiate new terms with lenders to delay debt repayment amid a sustained rally in Bitcoin prices. Public crypto-mining companies such as Greenidge Generation Holdings Inc. and TeraWulf, Inc. were able to improve their loan terms in recent weeks.

Stronghold said Tuesday in a statement that it amended a credit agreement from Oct. 27 with WhiteHawk that gave the miner $20 million of additional borrowing capacity. ...

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