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The purpose is to eliminate debt of about 10 billion yen ... A cryptocurrency mining company letsle more than 20,000 mining equipment

China

STRONGHOLD DIGITAL Mining , a cryptocurrency mining company, has released 26,200 mining devices in the second quarter of the fiscal year-end financial statements $ 67.4 million (about 10 billion yen). I revealed that it was **.

Overseas media TOM'S HARDWARE reported in January 2022 that the graphic card price began to fall with cryptocurrencies such as bitcoin and Ethereum. This trend has continued to date, and Bloomberg has reported that the graphic card used market price has decreased by up to 50 % (compared to the past few months) on June 30.

Although it is a cryptocurrency market where such dark clouds can stand, STRONGHOLD DIGITAL MINING, a company specializing in mining, has also achieved non-cash impairment of $ 5 million and $ 5.2 million in digital currency due to the decline in bitcoin prices. In addition, on August 16th, it was decided to let go of mining equipment with a certain level of 26,200 units in exchange for $ 67.4 million liabilities, under the agreement with Bitcoin Company NYDIG and others.

As a result of the agreement, about 16,000 mining devices currently held by STRONGHOLD DIGITAL Mining. By the way, if you refer to the price.com, you can also see the fall of graphic cards from May 2022 to August in Japan.

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