Bitcoin Miner Stronghold Digital in Debt Restructuring Negotiations With Lenders

    Share on Facebook Share on Twitter

    “This delay principally relates to the Company’s ongoing negotiations of potentially material transactions with its lenders to restructure or refinance certain financing agreements in order improve the Company’s financial position, and for the Company to be able to continue as a going concern for at least the next 12 months,” Stronghold wrote. “Management’s efforts related to negotiating the potential debt restructuring transactions and evaluating the Company’s financial position, including its liquidity position, have required a significant amount of management’s time and other Company resources that normally would be devoted to the preparation of the Quarterly Report and related matters.”

    Originally Published Here -Source link

    0 0 votes
    Article Rating

    Bitcoin (BTC) Makes Failed Attempt at Breakout Move Above $25,000

    Previous article

    Homebuyers are backing out of more deals as recession fears linger

    Next article

    You may also like

    More in Blockchain

    Notify of
    Inline Feedbacks
    View all comments