Bitcoin Miner Stronghold Restructures Debt to Improve Liquidity
- Stronghold amends credit facility with its lender WhiteHawk
- The miner pushes back on mandatory payments until July 2024
This article is for subscribers only.
Bitcoin miner Stronghold Digital Mining, Inc. said it has reached an agreement with lender WhiteHawk Finance to push back debt payments.
The Kennerdell, Pennsylvania-based company is the latest crypto miner that’s been able to negotiate new terms with lenders to delay debt repayment amid a sustained rally in Bitcoin prices. Public crypto-mining companies such as Greenidge Generation Holdings Inc. and TeraWulf, Inc. were able to improve their loan terms in recent weeks.