Stronghold Digital Mining(US:SDIG)2022-11-09 21:47Financial Performance & Restructuring - NYDIG debt was fully extinguished, approximately $67 million of principal amount[9] - WhiteHawk equipment financings restructured, tripling maturity and upsizing by $23 million[9] - Current principal amount of debt is approximately $82 million, with net debt around $55 million, a roughly 51% reduction since June 30, 2022[9] - The company is eliminating approximately $15-20 million of run rate annual costs within G&A and plant operations & maintenance expenses[9] - 2023E cash G&A is projected to be approximately $18-21 million, compared to $32 million annualized in Q1-Q3 2022[9] - Q3 2022 total revenue was $24749000, and net loss was $75220000, adjusted EBITDA was ($2965000)[21] Operational Updates & Future Guidance - Approximately 10000 miners have been procured or received since August 16, 2022, with over 7000 miners sourced with a capital outlay of approximately $4400000[10] - The company expects to be at $45-$50/MWh net cost of power beginning in Q1 2023[10] - Approximately 06 EH/s of hash rate capacity has been received since August 16, 2022, and is set to receive approximately 04 EH/s in coming months[14] - 2023 total revenue and other income guidance is $108-114 million, with recurring cash G&A of $18-21 million[24,26]