Stronghold Digital Mining Stock (NASDAQ: SDIG)

Stronghold Digital Mining (NASDAQ:SDIG) Stock, Quote.Headers.trade-ideas

Stronghold Digital Mining

Stronghold Digital Mining Inc is a vertically integrated crypto asset mining company currently focused on mining Bitcoin. The company has two reporting segments; Energy Operations and Cryptocurrency Operations. It generates maximum revenue from the Cryptocurrency Operations segment.

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In a race for dominance in the artificial intelligence (AI) and cloud computing sectors, U.S. tech giants, including Amazon.com Inc.

Amazon, Microsoft And Other US Tech Giants Compete With Bitcoin Miners Over Scarce Energy Supply Amid Surging AI And Cloud Computing Demands

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Stronghold Digital Mining, Inc. - Class A Common Stock

Stronghold Digital Mining Inc

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Shares of banking and financial services stocks are trading higher following strong bank earnings.

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Red Cat and Palladyne AI shares are trading higher after completing their first autonomous flight of teal drones.

Scotiabank analyst Ovais Habib maintains Orla Mining (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OLA#TSX">OLA</a>) with a Sector Outperform and raises the price target from C$7.75 to C$8.75.

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TSX:OLA

Scotiabank Maintains Sector Outperform on Orla Mining, Raises Price Target to C$8.75

U.S. stocks were higher, with the Dow Jones index gaining over 650 points on Wednesday.
Shares of Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and <a href="https://www.benzinga.com/news/buybacks/25/01/43002760/citigroup-q4-earnings-12-topline-growth-2-9-billion-net-income-20-billion-share-buyback-gains-in-wealth-and-market-segments">announced a $20 billion buyback</a>.
Citigroup reported a fourth-quarter fiscal 2024 revenue growth of 12% year-over-year to $19.58 billion, beating the analyst consensus of $19.48 billion. Excluding Argentina's currency devaluation and divestiture-related impacts, revenues are up 7%. GAAP EPS of $1.34 beat the analyst consensus estimate of $1.22.
Citigroup shares jumped 5.8% to $77.76 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares jumped 31.5% to $9.77. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>D-Wave Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NASDAQ">QBTS</a>) gained 26% to $5.97. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) rose 22.7% to $36.23. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares climbed 20% to $10.70. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>The Shyft Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) gained 17.9% to $12.43. The Shyft Group issued supplemental information reinforcing significant value creation potential of proposed merger with Aebi Schmidt. DA Davidson analyst Michael Shlisky upgraded Shyft Group from Neutral to Buy.</li>
<li>Compass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) gained 15% to $6.41 after the company raised its FY24 guidance.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares rose 11.6% to $14.28.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) shares jumped 10.9% to $63.21.</li>
<li>Millicom International Cellular S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGO#NASDAQ">TIGO</a>) climbed 10.2% to $27.13 after the company announced new shareholder remuneration policy.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 8.6% to $45.38.</li>
<li>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) rose 6% to $605.61 following strong quarterly results.</li>
<li>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) gained 5.8% to $75.33 following upbeat earnings.</li>
<li>The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) rose 5.7% to $80.31 following better-than-expected fourth-quarter financial results.</li>
</ul>
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Citigroup Posts Upbeat Results, Joins Goldman Sachs, Wells Fargo, Bank of New York Mellon And Other Big Stocks Moving Higher On Wednesday

Options

ACHR

Archer Aviation Option Alert: Jan 24 $9.5 Calls Sweep (11) Near The Ask: 980 @ $0.411 vs 998 OI; Earnings 2/24 After Close [est] Ref=$8.9682

Goldman Sachs analyst Richard Ramsden maintains Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) with a Sell and lowers the price target from $51 to $44.

Goldman Sachs Maintains Sell on Lazard, Lowers Price Target to $44

RIBBU

Trading Halt: Halt status updated at 10:10:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Scotiabank analyst Ovais Habib maintains OceanaGold (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OGC#TSX">OGC</a>) with a Sector Outperform and raises the price target from C$6 to C$6.25.

TSX:OGC

Scotiabank Maintains Sector Outperform on OceanaGold, Raises Price Target to C$6.25

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TeraWulf Option Alert: Mar 21 $11 Calls Sweep (21) Near The Ask: 1500 @ $0.19 vs 9834 OI; Ref=$6.125

CERT

Certara shares are trading higher after the company provided Q4 and FY24 revenue and adjusted EBITDA guidance.

<a href="https://www.reuters.com/world/us/trumps-new-sec-leadership-poised-kick-start-crypto-overhaul-sources-say-2025-01-15/">https://www.reuters.com/world/us/trumps-new-sec-leadership-poised-kick-start-crypto-overhaul-sources-say-2025-01-15/</a>
&nbsp;
<ul>
<li>Republicans Peirce and Uyeda to kick off crypto changes</li>
<li>Pair are weighing freezing some enforcement actions</li>
<li>Expected to call for feedback on potential new regulations</li>
</ul>
WASHINGTON, Jan 15 (Reuters) - Top Republican officials at the U.S. Securities and Exchange Commission are poised to begin overhauling the agency's <a href="https://www.reuters.com/legal/legalindustry/crypto-litigation-brought-against-sec-implications-new-administration-2025-01-10/">cryptocurrency policies</a> potentially as early as next week when President-elect Donald Trump takes power, said three people briefed on the matter.
Among the measures commissioners Hester Peirce and Mark Uyeda are weighing are initiating the process that would ultimately lead to guidance or rules clarifying when the agency <a href="https://www.reuters.com/technology/what-makes-crypto-asset-security-us-2023-07-14/">considers a cryptocurrency to be a security</a>, and reviewing some crypto enforcement cases pending in the courts, two of the people said.
Paul Atkins, Trump's crypto-friendly pick for SEC chair and former agency commissioner, is widely expected to <a href="https://www.reuters.com/sustainability/boards-policy-regulation/crypto-industry-pushes-policy-sea-change-after-trump-victory-2024-11-14/">end a crypto crackdown</a> led by President Biden's Democratic SEC chair Gary Gensler, but it is unclear when the Senate will confirm him.
Gensler <a href="https://www.reuters.com/world/us/us-sec-chief-gensler-step-down-jan-20-2024-11-21/">has said he will step down</a> on Jan. 20 when Trump is sworn in.
As of next week, Peirce and Uyeda will hold the majority among the agency's politically-appointed commissioners and are poised to get the ball rolling in the interim, the people said.
Like Atkins, the pair are crypto enthusiasts who have criticized Gensler's tough stance on the industry and have in the past floated alternative crypto-friendly initiatives.
Peirce and Uyeda were aides to Atkins when he was at the SEC from 2002 to 2008 and the three have a good relationship, according to one of the sources and several other former SEC officials. The three have discussed potential crypto policy changes, said the sources who declined to be identified discussing private policy plans.
Peirce, Atkins and their representatives did not respond to requests for comment. A spokesperson for Uyeda did not respond to a request for comment.
Worried about fraud and market manipulation, Gensler's SEC brought at <a href="https://www.sec.gov/newsroom/press-releases/2021-125">least 83 crypto-related enforcement actions, opens new tab</a>, suing multiple prominent companies like Coinbase <a href="https://www.reuters.com/markets/companies/COIN.O">(COIN.O), opens new tab</a> and Kraken, agency data shows. In many cases, the SEC argued crypto tokens behave like securities and that the companies and their products should comply with SEC rules, although some allege fraud.
&nbsp;
In the first few days of the new administration, the SEC is expected to begin a review of those court cases and potentially freeze some litigation that does not involve allegations of fraud, said two of the sources. Some of those cases could eventually be withdrawn.
Many of those defendants argue cryptocurrencies are more like commodities than securities and that it is not clear when SEC rules apply. They have called for the SEC to write new regulations which would clarify when a token is a security.
Peirce and Uyeda are expected to kick off the early stages of that rule-writing process, likely with a call for industry and public feedback, the two sources said.
Reuters and others have <a href="https://www.reuters.com/sustainability/boards-policy-regulation/crypto-industry-pushes-policy-sea-change-after-trump-victory-2024-11-14/">previously reported</a> that the SEC is also likely to quickly rescind accounting guidance that has made it prohibitively costly for some listed companies to hold crypto tokens on behalf of third parties.
Trump, <a href="https://www.reuters.com/world/us/trump-republicans-court-crypto-votes-dollars-bitcoin-2024-2024-07-25/">who courted crypto campaign cash</a> with pledges to be a "crypto president," is <a href="https://www.reuters.com/technology/us-crypto-industry-eyes-possible-day-one-trump-executive-orders-2024-12-23/">also expected to issue executive orders</a> urging regulators to review their crypto policies, Reuters reported.
Bitcoin <a href="https://www.reuters.com/technology/bitcoin-tops-100000-optimism-over-trump-crypto-plans-2024-12-05/">soared past $100,000 for the first time</a> in December on excitement over the new crypto-friendly administration.
<h2>'HELD ACCOUNTABLE'</h2>
Still, even with a head start, reaching an agreement on crypto regulations could take months or longer, as could resolving complex enforcement actions that hinge on the definition of a security.
Dismissing dozens of enforcement actions would be unprecedented, and could set a risky precedent by politicizing the enforcement process, said Philip Moustakis, partner at Seward &amp; Kissel and former SEC attorney.
In some cases, the court may object, said other lawyers.
One option for the agency would be to re-open settlement negotiations, said Robert Cohen, a partner at Davis Polk who previously worked in the SEC's enforcement division.
Settlement talks, aimed at averting lengthy and public litigation, are the norm, but crypto companies say the SEC under Gensler has been unwilling to engage in substantive discussions.
Cohen added the new SEC leadership would likely continue to take a tough line on crypto fraud.
"I think the industry wants to see fraudsters or wrongdoers held accountable," he added.

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$ETH

'Trump's New SEC Leadership Poised To Kick Start Crypto Overhaul, Sources Say' - Reuters News

AAPL

Goldman Sachs CEO Says For The Apple Card Platform This Year, There Was Roughly 75 To 100 Basis Point Drag On The Firm's Overall ROE; Have Partnership With Apple On The Card Business Until 2030 Although There's Some Possibility That It Won't Continue Until That Timeframe

RBC Capital analyst Dan Bergstrom reiterates Verint Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) with a Outperform and maintains $36 price target.

Reiteration

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RBC Capital Reiterates Outperform on Verint Systems, Maintains $36 Price Target

Scotiabank analyst Ovais Habib maintains Lundin Gold (TSX:<a class="ticker" href="https://www.benzinga.com/stock/LUG#TSX">LUG</a>) with a Sector Perform and raises the price target from C$30 to C$31.5.

TSX:LUG

Scotiabank Maintains Sector Perform on Lundin Gold, Raises Price Target to C$31.5

EVTL

Vertical Aerospace shares are trading higher after the company announced leadership changes.

PROP

Prairie Operating shares are trading higher. The company issued FY25 guidance.

Scotiabank analyst Ovais Habib maintains K92 Mining (TSX:<a class="ticker" href="https://www.benzinga.com/stock/KNT#TSX">KNT</a>) with a Sector Outperform and raises the price target from C$10 to C$11.

TSX:KNT

Scotiabank Maintains Sector Outperform on K92 Mining, Raises Price Target to C$11

RBC Capital analyst Ashish Sabadra reiterates TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) with a Outperform and maintains $140 price target.

RBC Capital Reiterates Outperform on TD Synnex, Maintains $140 Price Target

SERV

Serve Robotics shares are trading higher after Northland Capital Markets maintained an Outperform rating on the stock and raised its price target from $16 to $23.

Multi-Year Deals Span 21 NBC Affiliates, Serving Nearly 7 Million US Television Households
Sinclair and NBC today announced a comprehensive, multi-year agreement that renews station affiliation agreements for all 21 of Sinclair's owned and/or operated NBC affiliates, with the stations reaching nearly 7 million U.S. TV households.
The agreement consists of renewals for the following NBC affiliates: WOAI/San Antonio, TX; KSNV/Las Vegas, NV; WJAR/Providence, RI; WNWO/Toledo, OH; WSTM/Syracuse, NY; WCYB/Tri-Cities, TN-VA; WTWC/Tallahassee, FL; WJAC/Johnstown- Altoona, PA; WPBN and WTOM/Traverse City-Cadillac, MI; KCFW and KECI/Missoula, MT; WTOV/Wheeling-Steubenville, OH; and KTVM and KDBZ-CD/Butte-Bozeman, MT.
The NBC affiliations were also renewed by Sinclair partners in five markets that Sinclair provides sales and other services to under a joint sales agreement or master service agreement: Cunningham Broadcasting Group, the licensee of KRNV/ Reno, NV; Deerfield Media, the licensee of WPMI/Mobile-Pensacola, FL; Howard Stirk Holdings, the licensee of WEYI/Flint-Saginaw-Bay City, MI; MPS Media, the licensee of WNBW/Gainesville, FL, and Roberts Media, the licensee of KMTR, KMCB and KTCW in Eugene, OR.

SGBI

Sinclair Announces Renewals Of NBC Affiliation Agreements; Multi-Year Deals Span 21 NBC Affiliates, Serving Nearly 7M US Television Households

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Crypto Currents: Analyst sees bitcoin reaching $225K by year-end

Crypto Currents: Analyst sees bitcoin on path to $200K

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Bitfarms Enters into 10,000 Miner Hosting Agreement with Stronghold Digital Mining

News of Miner Hosting Agreement in Pennsylvania Is Moving this Bitcoin Data Center Company Higher

Management

Stronghold Digital Mining Announces CFO Transition

Bitfarms Enters into Second 10,000 Miner Hosting Agreement with Stronghold Digital Mining

Stronghold Digital Mining Sets Third Quarter 2024 Earnings Conference Call for Wednesday, November 13 at 8:30 a.m. Eastern Time

Bitfarms Reports Third Quarter 2024 Results

Stronghold Announces Third Quarter 2024 Operating and Financial Results

Bitfarms Announces Results of Special Meeting of Shareholders

SHAREHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger - SDIG, IPXX, KAVL, ML

SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates KAVL, ZUO, SDIG on Behalf of Shareholders

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