Hey there, I guess there are some Stronghold investors here, good news for y’all — Stronghold’s finally agreed to settle the financial issues they had a few years ago.
For newbies, back in 2022, Stronghold was accused of hiding issues with contracted suppliers, missed deadlines, and difficulties in obtaining new mining equipment. In March 2022, their financial reports revealed losses higher than they had claimed during their IPO a few months earlier.
As a result, $SDIG fell, and investors filed a lawsuit alleging they were misled about Stronghold’s mining capacity, operational costs, and the feasibility of expanding its mining fleet during its IPO.
The good news is that the company finally agreed to pay investors $4.75M + 25 BTC over this whole situation. So, if you were an investor back then, you can check the details and file for payment here.
Anyways, did you invest in Stronghold back then? How big were your losses due to all this?
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