NASDAQ: SDIG

Stronghold Digital Mining, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Stronghold Digital Mining, Inc. (NASDAQ: SDIG) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s October 2021 initial public offering (“IPO” or the “Offering”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 13, 2022.

If you purchased Stronghold Digital Mining securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the October 2021 IPO Registration Statement
If you purchased Stronghold Digital Mining securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the IPO Registration Statement was materially false and misleading and omitted to state:

  • contracted suppliers, including MinerVa, were reasonably likely to miss anticipated delivery quantities and deadlines;
  • due to strong demand and pre-sold supply of mining equipment in the industry, Stronghold Digital Mining would experience difficulties obtaining miners outside of confirmed purchase orders;
  • as a result of the foregoing, there was a significant risk that Stronghold Digital Mining could not expand its mining capacity as expected;
  • as a result, Stronghold Digital Mining would likely experience significant losses; and
  • as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us on:
Company Name: Stronghold Digital Mining, Inc.
Stock Symbol: SDIG
Class Period: Pursuant and/or traceable to the October 2021 IPO Registration Statement
Court: United States District Court for the Southern District of New York

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top