Stronghold Digital Mining Surges 43% As Bitcoin Continues To Rise

Shares of micro-cap company Stronghold Digital Mining, Inc. (SDIG) are surging over 43% on Wednesday morning as bitcoin continue to rise.

SDIG is currently trading at $3.0701, up $0.9301 or 43.4626%, on the Nasdaq. The stock opened its trading at $2.70 after closing Tuesday's trading at $2.14. The stock has traded between $1.460 and $35.795 in the past 52-week period.

Stronghold Digital Mining is a crypto asset mining company that focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities. The company was incorporated in 2021 and is headquartered in New York, New York.

Bitcoin price continues to rise on Wednesday, as the digital currency nears the $24,000 mark. Bitcoin surged to an intraday peak of $23,830.10, which is its peak price since June 13.

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