Share this article
Stronghold Digital Outperforms Peers After DA Davidson Buy Rating
The investment bank initiated its coverage of the bitcoin mining company with a 12-month price target of $42.
By Aoyon Ashraf
Updated May 11, 2023, 7:06 p.m. Published Nov 15, 2021, 7:12 p.m.
Stronghold Digital (SDIG), the bitcoin mining company that converts coal waste into power for its operations, outperformed its mining peers on Monday after the investment bank DA Davidson slapped a buy rating on the company and said it sees potential for shares to rise more than 50% over the next 12 months.
- “With the cheapest valuation in our miner coverage, SDIG has the potential to outperform as it executes on its unique strategy,” DA Davidson senior analyst Christopher Brendler wrote.
- Brendler said Stronghold’s strategy to own and operate its own power-generation plant reduces return on invested capital. At the same time that strategy lowers risks to the company during a bear market and increases long-term potential.
- The analyst said that supply-chain disruptions have slowed the delivery of miners for Stronghold, but he expects the delays to be “measured in weeks not months” for the company.
- Stronghold’s stock pared earlier gains but was still faring better than most crypto miners on Monday.
- On Oct. 20, Stronghold shares opened 42% higher than its initial public offering price of $19.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
What to know:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
Top Stories
