Stronghold Digital Mining (SDIG) 10-Q 10 Aug 23 2023 Q2 Quarterly report Financial data

COVER

COVER - shares	6 Months Ended
	Jun. 30, 2023	Aug. 07, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-40931
Entity Registrant Name	Stronghold Digital Mining, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-2759890
Entity Address, Address Line One	595 Madison Avenue
Entity Address, Address Line Two	28th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	845
Local Phone Number	579-5992
Title of 12(b) Security	Class A common stock
Trading Symbol	SDIG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001856028
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,397,605
Common Stock - Class V
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,405,760

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
ASSETS:
Cash and cash equivalents	$ 5,104,192	$ 13,296,703
Digital currencies	1,429,653	109,827
Accounts receivable	2,338,099	10,837,126
Inventory	4,168,189	4,471,657
Prepaid insurance	3,311,214	5,471,498
Due from related parties	69,947	73,122
Other current assets	1,047,731	1,381,737
Total current assets	17,469,025	35,641,670
Equipment deposits	5,422,338	10,081,307
Property, plant and equipment, net	160,398,999	167,204,681
Operating lease right-of-use assets	1,722,900	1,719,037
Land	1,748,440	1,748,440
Road bond	211,958	211,958
Security deposits	348,888	348,888
TOTAL ASSETS	187,322,548	216,955,981
LIABILITIES:
Accounts payable	16,158,911	27,540,317
Accrued liabilities	8,630,165	8,893,248
Financed insurance premiums	1,993,120	4,587,935
Current portion of long-term debt, net of discounts and issuance fees	796,668	17,422,546
Current portion of operating lease liabilities	724,539	593,063
Due to related parties	910,376	1,375,049
Total current liabilities	29,213,779	60,412,158
Asset retirement obligation	1,049,626	1,023,524
Warrant liabilities	5,253,582	2,131,959
Long-term debt, net of discounts and issuance fees	57,965,960	57,027,118
Long-term operating lease liabilities	1,095,116	1,230,001
Contract liabilities	456,582	351,490
Total liabilities	95,034,645	122,176,250
Commitments and Contingencies
REDEEMABLE COMMON STOCK:
Redeemable common stock	9,947,656	11,754,587
STOCKHOLDERS’ EQUITY (DEFICIT):
Common Stock – Class A; $0.0001 par value; 685,440,000 shares authorized; 5,976,099 and 3,171,022 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively.	606	317
Series C convertible preferred stock; $0.0001 par value; 23,102 shares authorized; 21,572 and 0 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively.	2	0
Accumulated deficits	(298,199,062)	(240,443,302)
Additional paid-in capital	380,538,701	323,468,129
Total stockholders' equity	82,340,247	83,025,144
Total redeemable common stock and stockholders' equity	92,287,903	94,779,731
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS' EQUITY	187,322,548	216,955,981
Common Stock - Class V
REDEEMABLE COMMON STOCK:
Redeemable common stock	$ 9,947,656	$ 11,754,587

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	685,440,000	685,440,000
Common stock, issued (in shares)	5,976,099	3,171,022
Common stock, outstanding (in shares)	5,976,099	3,171,022
Preferred stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	23,102	23,102
Preferred stock, issued (in shares)	21,572	0
Preferred stock, outstanding (in shares)	21,572	0
Common Stock - Class V
Common stock - Class V, par value (in USD per share)	$ 0.0001	$ 0.0001
Common stock - Class V, authorized (in shares)	34,560,000	34,560,000
Common stock - Class V, issued (in shares)	2,405,760	2,605,760
Common stock - Class V, outstanding (in shares)	2,405,760	2,605,760

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
OPERATING REVENUES:
Operating revenues	$ 18,233,741	$ 29,739,943	$ 35,499,956	$ 59,121,593
OPERATING EXPENSES:
Fuel	6,291,501	9,188,165	13,705,515	19,208,150
Operations and maintenance	8,804,097	16,586,756	17,245,020	27,921,089
General and administrative	10,077,738	10,903,876	18,546,493	21,514,079
Depreciation and amortization	8,634,967	12,667,300	16,357,808	24,986,881
Loss on disposal of fixed assets	17,281	1,724,642	108,367	1,769,600
Realized gain on sale of digital currencies	(266,665)	0	(593,433)	(751,110)
Realized loss on sale of miner assets	0	8,012,248	0	8,012,248
Impairments on miner assets	0	4,990,000	0	4,990,000
Impairments on digital currencies	254,353	5,205,045	325,830	7,711,217
Impairments on equipment deposits	0	0	0	12,228,742
Total operating expenses	33,813,272	69,278,032	65,695,600	127,590,896
NET OPERATING LOSS	(15,579,531)	(39,538,089)	(30,195,644)	(68,469,303)
OTHER INCOME (EXPENSE):
Interest expense	(2,603,478)	(4,508,782)	(4,987,391)	(7,420,235)
Loss on debt extinguishment	0	0	(28,960,947)	0
Gain on extinguishment of PPP loan	0	841,670	0	841,670
Changes in fair value of warrant liabilities	6,475,880	0	5,761,291	0
Changes in fair value of forward sale derivative	0	3,919,388	0	3,435,639
Changes in fair value of convertible note	0	(962,761)	0	(962,761)
Other	15,000	10,000	30,000	30,000
Total other income (expense)	3,887,402	(700,485)	(28,157,047)	(4,075,687)
NET LOSS	(11,692,129)	(40,238,574)	(58,352,691)	(72,544,990)
NET LOSS attributable to noncontrolling interest	(3,355,873)	(23,537,554)	(21,475,004)	(42,435,192)
Net loss attributable to Stronghold Digital Mining, Inc.	$ (8,336,256)	$ (16,701,020)	$ (36,877,687)	$ (30,109,798)
NET LOSS attributable to Class A common shareholders:
Basic (in USD per share)	$ (1.35)	$ (8.21)	$ (6.99)	$ (14.85)
Diluted (in USD per share)	$ (1.35)	$ (8.21)	$ (6.99)	$ (14.85)
Weighted average number of Class A common shares outstanding:
Basic (in shares)	6,163,450	2,034,107	5,274,471	2,027,468
Diluted (in shares)	6,163,450	2,034,107	5,274,471	2,027,468
Cryptocurrency mining
OPERATING REVENUES:
Operating revenues	$ 13,782,798	$ 20,227,536	$ 25,080,096	$ 38,431,729
Energy
OPERATING REVENUES:
Operating revenues	740,793	7,691,226	3,471,779	16,735,618
Cryptocurrency hosting
OPERATING REVENUES:
Operating revenues	3,079,701	121,172	5,405,697	189,048
Capacity
OPERATING REVENUES:
Operating revenues	582,557	1,668,001	1,442,067	3,712,428
Other
OPERATING REVENUES:
Operating revenues	$ 47,892	$ 32,008	$ 100,317	$ 52,770

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)	Total	Preferred Stock	Common A	Accumulated Deficit	Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)		1,152,000	2,001,607
Beginning balance at Dec. 31, 2021	$ (59,164,778)	$ 37,670,161	$ 200	$ (338,709,688)	$ 241,874,549
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Stronghold Digital Mining, Inc.	(30,109,798)			(30,109,798)
Net loss attributable to noncontrolling interest	(42,435,192)	$ (1,733,100)		(40,702,092)
Maximum redemption right valuation [Common V Units]	253,812,713			253,812,713
Stock-based compensation	5,745,625				5,745,625
Vesting of restricted stock units (in shares)			1,881
Warrants issued and outstanding	7,754,882				7,754,882
Ending balance (in shares) at Jun. 30, 2022		1,152,000	2,003,488
Ending balance at Jun. 30, 2022	135,603,452	$ 35,937,061	$ 200	(155,708,865)	255,375,056
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)		1,152,000	2,002,088
Beginning balance at Mar. 31, 2022	40,620,198	$ 36,898,361	$ 200	(241,895,907)	245,617,544
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Stronghold Digital Mining, Inc.	(16,701,020)			(16,701,020)
Net loss attributable to noncontrolling interest	(23,537,554)	$ (961,300)		(22,576,254)
Maximum redemption right valuation [Common V Units]	125,464,316			125,464,316
Stock-based compensation	3,152,631				3,152,631
Vesting of restricted stock units (in shares)			1,400
Warrants issued and outstanding	6,604,881				6,604,881
Ending balance (in shares) at Jun. 30, 2022		1,152,000	2,003,488
Ending balance at Jun. 30, 2022	135,603,452	$ 35,937,061	$ 200	(155,708,865)	255,375,056
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)		1,152,000	2,003,488
Beginning balance (in shares)		0	3,171,022
Beginning balance at Dec. 31, 2022	83,025,144	$ 0	$ 317	(240,443,302)	323,468,129
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Stronghold Digital Mining, Inc.	(36,877,687)			(36,877,687)
Net loss attributable to noncontrolling interest	(21,475,004)			(21,475,004)
Maximum redemption right valuation [Common V Units]	596,931			596,931
Stock-based compensation (in shares)			250,000
Stock-based compensation	6,816,048		$ 25		6,816,023
Vesting of restricted stock units (in shares)			253,762
Vesting of restricted stock units	0		$ 26		(26)
Warrants issued and outstanding	1,739,882				1,739,882
Exercised warrants (in shares)			1,133,583
Exercised warrants	316		$ 113		203
Redemption of Class V shares (in shares)			200,000
Redemption of Class V shares	1,210,000		$ 20		1,209,980
Issuance of common stock to settle payables (in shares)			97,330
Issuance of common stock to settle payables	973,194		$ 10		973,184
Issuance of common stock - April 2023 Private Placement (in shares)			566,661
Issuance of common stock - April 2023 Private Placement	941,652		$ 57		941,595
Issuance of common stock - ATM Agreement (in shares)			760
Issuance of common stock - ATM Agreement	2,825				2,825
Issuance of Series C convertible preferred stock (in shares)		23,102
Issuance of Series C convertible preferred stock	45,386,946	$ 2			45,386,944
Conversion of Series C convertible preferred stock (in shares)		(1,530)	382,500
Conversion of Series C convertible preferred stock	0		$ 38		(38)
Ending balance (in shares) at Jun. 30, 2023		21,572	6,055,618
Ending balance at Jun. 30, 2023	82,340,247	$ 2	$ 606	(298,199,062)	380,538,701
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)		21,572	4,104,617
Beginning balance at Mar. 31, 2023	82,196,375	$ 2	$ 411	(290,848,496)	373,044,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Stronghold Digital Mining, Inc.	(8,336,256)			(8,336,256)
Net loss attributable to noncontrolling interest	(3,355,873)			(3,355,873)
Maximum redemption right valuation [Common V Units]	4,341,563			4,341,563
Stock-based compensation (in shares)			250,000
Stock-based compensation	4,366,724		$ 25		4,366,699
Vesting of restricted stock units (in shares)			202,932
Vesting of restricted stock units	0		$ 20		(20)
Exercised warrants (in shares)			633,318
Exercised warrants	43		$ 63		(20)
Redemption of Class V shares (in shares)			200,000
Redemption of Class V shares	1,210,000		$ 20		1,209,980
Issuance of common stock to settle payables (in shares)			97,330
Issuance of common stock to settle payables	973,194		$ 10		973,184
Issuance of common stock - April 2023 Private Placement (in shares)			566,661
Issuance of common stock - April 2023 Private Placement	941,652		$ 57		941,595
Issuance of common stock - ATM Agreement (in shares)			760
Issuance of common stock - ATM Agreement	2,825				2,825
Ending balance (in shares) at Jun. 30, 2023		21,572	6,055,618
Ending balance at Jun. 30, 2023	$ 82,340,247	$ 2	$ 606	$ (298,199,062)	$ 380,538,701
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)		21,572	6,055,618

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (58,352,691)	$ (72,544,990)
Adjustments to reconcile net loss to cash flows from operating activities:
Depreciation and amortization	16,357,808	24,986,881
Accretion of asset retirement obligation	26,102	12,169
Gain on extinguishment of PPP loan	0	(841,670)
Loss on disposal of fixed assets	108,367	1,769,600
Realized loss on sale of miner assets	0	8,012,248
Change in value of accounts receivable	1,142,750	0
Amortization of debt issuance costs	109,620	2,060,806
Stock-based compensation	6,816,048	5,745,625
Loss on debt extinguishment	28,960,947	0
Impairments on equipment deposits	0	12,228,742
Impairments on miner assets	0	4,990,000
Changes in fair value of warrant liabilities	(5,761,291)	0
Changes in fair value of forward sale derivative	0	(3,435,639)
Forward sale contract prepayment	0	970,000
Changes in fair value of convertible note	0	962,761
Other	(532,880)	0
(Increase) decrease in digital currencies:
Mining revenue	(28,709,950)	(38,431,729)
Net proceeds from sale of digital currencies	27,064,294	36,006,390
Impairments on digital currencies	325,830	7,711,217
(Increase) decrease in assets:
Accounts receivable	7,140,368	260,136
Prepaid insurance	542,828	3,945,290
Due from related parties	(64,276)	(848,150)
Inventory	303,468	(233,279)
Other assets	306,998	(1,072,267)
Increase (decrease) in liabilities:
Accounts payable	(145,649)	(4,763,351)
Due to related parties	219,778	543,639
Accrued liabilities	27,326	4,393,075
Other liabilities, including contract liabilities	(78,849)	(55,742)
NET CASH FLOWS USED IN OPERATING ACTIVITIES	(4,193,054)	(7,628,238)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(10,581,332)	(57,074,647)
Proceeds from sale of equipment deposits	0	13,844,780
Equipment purchase deposits - net of future commitments	0	(12,073,928)
NET CASH FLOWS USED IN INVESTING ACTIVITIES	(10,581,332)	(55,303,795)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of debt	(2,446,953)	(24,022,738)
Repayments of financed insurance premiums	(651,495)	(3,906,462)
Proceeds from debt, net of issuance costs paid in cash	(147,385)
Proceeds from debt, net of issuance costs paid in cash		92,058,299
Proceeds from private placements, net of issuance costs paid in cash	9,824,567	0
Proceeds from ATM, net of issuance costs paid in cash	2,825	0
Proceeds from exercise of warrants	316	0
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	6,581,875	64,129,099
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(8,192,511)	1,197,066
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	13,296,703	31,790,115
CASH AND CASH EQUIVALENTS - END OF PERIOD	$ 5,104,192	$ 32,987,181

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NATURE OF OPERATIONS Stronghold Digital Mining, Inc. ("Stronghold Inc." or the "Company") is a low-cost, environmentally beneficial, vertically integrated crypto asset mining company focused on mining Bitcoin and environmental remediation and reclamation services. The Company wholly owns and operates two coal refuse power generation facilities that it has upgraded: (i) the Company's first reclamation facility located on a 650-acre site in Scrubgrass Township, Venango County, Pennsylvania, which the Company acquired the remaining interest of in April 2021, and has the capacity to generate approximately 83.5 megawatts (“MW”) of electricity (the "Scrubgrass Plant"); and (ii) a facility located near Nesquehoning, Pennsylvania, which the Company acquired in November 2021, and has the capacity to generate approximately 80 MW of electricity (the "Panther Creek Plant," and collectively with the Scrubgrass Plant, the "Plants"). Both facilities qualify as an Alternative Energy System because coal refuse is classified under Pennsylvania law as a Tier II Alternative Energy Source (large-scale hydropower is also classified in this tier). The Company is committed to generating energy and managing its assets sustainably, and the Company believes that it is one of the first vertically integrated crypto asset mining companies with a focus on environmentally beneficial operations. Stronghold Inc. operates in two business segments – the Energy Operations segment and the Cryptocurrency Operations segment. This segment presentation is consistent with how the Company's chief operating decision maker evaluates financial performance and makes resource allocation and strategic decisions about the business. Energy Operations The Company operates as a qualifying cogeneration facility (“Facility”) under the provisions of the Public Utilities Regulatory Policies Act of 1978 and sells its electricity into the PJM Interconnection Merchant Market ("PJM") under a Professional Services Agreement (“PSA”) with Customized Energy Solutions (“CES”), effective July 27, 2022. Under the PSA, CES agreed to act as the exclusive provider of services for the benefit of the Company related to interfacing with PJM, including handling daily marketing, energy scheduling, telemetry, capacity management, reporting, and other related services for the Plants. The initial term of the agreement is two years, and then will extend automatically on an annual basis unless terminated by either party with 60 days written (or electronic) notice prior to the current term end. The Company’s primary fuel source is waste coal which is provided by various third parties. Waste coal tax credits are earned by the Company by generating electricity utilizing coal refuse. Cryptocurrency Operations The Company is also a vertically-integrated digital currency mining business. The Company buys and maintains a fleet of Bitcoin miners as well as the required infrastructure and provides power to third-party digital currency miners under power purchase and hosting agreements. The digital currency mining operations are in their early stages, and digital currencies and energy pricing mining economics are volatile and subject to uncertainty. The Company’s current strategy will continue to expose it to the numerous risks and volatility associated with the digital mining and power generation sectors, including fluctuating Bitcoin-to-U.S.-Dollar prices, the costs and availability of miners, the number of market participants mining Bitcoin, the availability of other power generation facilities to expand operations, and regulatory changes.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION The unaudited condensed consolidated balance sheet as of June 30, 2023, the unaudited condensed consolidated statements of operations and stockholders' equity for the three and six months ended June 30, 2023, and 2022, and the unaudited condensed consolidated statements of cash flows for the six months ended June 30, 2023, and 2022, have been prepared by the Company. In the opinion of management, all adjustments, consisting of only normal and recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results of operations for the three and six months ended June 30, 2023, are not necessarily indicative of the operating results expected for the full year. The condensed consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2022. Certain information and footnote disclosures normally included in the annual financial statements, prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), have been condensed or omitted. Certain reclassifications of amounts previously reported have been made to the accompanying condensed consolidated financial statements in order to conform to current presentation. Additionally, since there are no differences between net income (loss) and comprehensive income (loss), all references to comprehensive income (loss) have been excluded from the condensed consolidated financial statements. On May 15, 2023, following approval by the Board of Directors (the "Board") and stockholders of the Company, the Company effected a 1-for-10 reverse stock split ("Reverse Stock Split") of its Class A common stock, par value $0.0001 per share, and Class V common stock, par value $0.0001 per share. The par values of the Company's Class A and Class V common stock were not adjusted as a result of the Reverse Stock Split. All share and per share amounts and related stockholders' equity balances presented herein have been retroactively adjusted to reflect the Reverse Stock Split. Cash and Cash Equivalents As of June 30, 2023, cash and cash equivalents includes $900,000 of restricted cash, which represents a continuous bond in place of $400,000 to mitigate fees charged by customs brokerage companies associated with importing miners and a $500,000 letter of credit required to finance the Company's directors and officers insurance policy. Reclassification During the first quarter of 2023, the Company revised its accounting policy to reclassify the presentation of imported power charges. Imported power charges are now recorded within fuel expenses, whereas they were previously netted against energy revenue. Prior periods have been reclassified to conform to the current period presentation. The reclassification increased 2022 energy revenues and fuel expenses as shown in the table below. The reclassification had no impact on net operating income (loss), earnings per share or equity. Three Months Ended March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 Energy revenues - previously disclosed $ 8,362,801 $ 7,129,732 $ 11,454,016 $ 14,247,688 Reclassification: imported power charges 681,591 561,494 1,617,878 1,329,753 Energy revenues - restated $ 9,044,392 $ 7,691,226 $ 13,071,894 $ 15,577,441 Fuel expenses - previously disclosed $ 9,338,394 $ 8,626,671 $ 8,466,588 $ 2,348,457 Reclassification: imported power charges 681,591 561,494 1,617,878 1,329,753 Fuel expenses - restated $ 10,019,985 $ 9,188,165 $ 10,084,466 $ 3,678,210 Recently Implemented Accounting Pronouncements In September 2016, the Financial Accounting Standards Board issued ASU 2016-13, Financial Instruments – Credit Losses , which adds a new impairment model, known as the current expected credit loss ("CECL") model, that is based on expected losses rather than incurred losses. Under the new guidance, an entity recognizes an allowance for its estimate of expected credit losses at the initial recognition of an in-scope financial instrument and applies it to most debt instruments, trade receivables, lease receivables, financial guarantee contracts, and other loan commitments. The CECL model does not have a minimum threshold for recognition of impairment losses and entities will need to measure expected credit losses on assets that have a low risk of loss. Since the Company is a smaller reporting company, as defined by the U.S. Securities and Exchange Commission (the "SEC"), the new guidance became effective on January 1, 2023. The Company adopted ASU 2016-13 effective January 1, 2023, but the adoption of ASU 2016-13 did not have an impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements There have been no recently issued accounting pronouncements applicable to the Company.

DIGITAL CURRENCIES

DIGITAL CURRENCIES	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
DIGITAL CURRENCIES	NOTE 2 – DIGITAL CURRENCIES As of June 30, 2023, the Company held an aggregate amount of $1,429,653 in digital currencies comprised of unrestricted Bitcoin. Changes in digital currencies consisted of the following for the three and six months ended June 30, 2023, and 2022: Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Digital currencies at beginning of period $ 672,852 $ 13,868,586 $ 109,827 $ 10,417,865 Additions of digital currencies 15,788,875 20,227,536 28,709,950 38,431,729 Realized gain on sale of digital currencies 266,665 — 593,433 751,110 Impairment losses (254,353) (5,205,045) (325,830) (7,711,217) Proceeds from sale of digital currencies (15,044,386) (23,759,090) (27,657,727) (36,757,500) Digital currencies at end of period $ 1,429,653 $ 5,131,987 $ 1,429,653 $ 5,131,987

INVENTORY

INVENTORY	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
INVENTORY	NOTE 3 – INVENTORY Inventory consisted of the following components as of June 30, 2023, and December 31, 2022: June 30, 2023 December 31, 2022 Waste coal $ 3,617,441 $ 4,147,369 Fuel oil 60,445 143,592 Limestone 490,303 180,696 Inventory $ 4,168,189 $ 4,471,657

EQUIPMENT DEPOSITS

EQUIPMENT DEPOSITS	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
EQUIPMENT DEPOSITS	NOTE 4 – EQUIPMENT DEPOSITS Equipment deposits represent contractual agreements with vendors to deliver and install miners at future dates. The following details the vendor, miner model, miner count, and expected delivery month(s). In March 2022, the Company evaluated the MinerVa Semiconductor Corp ("MinerVa") equipment deposits for impairment under the provisions of ASC 360, Property, Plant and Equipment . As a result of the evaluation, the Company determined an indicator for impairment was present under ASC 360-10-35-21. The Company undertook a test for recoverability under ASC 360-10-35-29 and a further fair value analysis in accordance with ASC 820, Fair Value Measurement . The difference between the fair value of the MinerVa equipment deposits and the carrying value resulted in the Company recording an impairment charge of $12,228,742 in the first quarter of 2022 and an additional $5,120,000 in the fourth quarter of 2022, as summarized in the table below. The following table details the total equipment deposits of $5,422,338 as of June 30, 2023: Vendor Model Count Delivery Timeframe Total Transferred to PP&E (1) Impairment Sold Equipment MinerVa MinerVa MV7 15,000 Oct '21 - TBD $ 68,887,550 $ (37,415,271) $ (17,348,742) $ (8,701,199) $ 5,422,338 Totals 15,000 $ 68,887,550 $ (37,415,271) $ (17,348,742) $ (8,701,199) $ 5,422,338 (1) Miners that are delivered and physically placed in service are transferred to a fixed asset account at the respective unit price as defined in the agreement.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 5 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following as of June 30, 2023, and December 31, 2022: Useful Lives (Years) June 30, 2023 December 31, 2022 Electric plant 10 - 60 $ 66,836,615 $ 66,295,809 Strongboxes and power transformers 8 - 30 54,588,284 52,318,704 Machinery and equipment 5 - 20 16,072,800 18,131,977 Rolling stock 5 - 7 261,000 261,000 Cryptocurrency machines and powering supplies 2 - 3 96,123,666 81,945,396 Computer hardware and software 2 - 5 86,419 17,196 Vehicles and trailers 2 - 7 659,133 659,133 Leasehold improvements 2 - 3 2,935,855 — Construction in progress Not Depreciable 10,762,486 19,553,826 Asset retirement cost 10 - 30 580,452 580,452 248,906,710 239,763,493 Accumulated depreciation and amortization (88,507,711) (72,558,812) Property, plant and equipment, net $ 160,398,999 $ 167,204,681 Construction in progress consists of various projects to build out the cryptocurrency machine power infrastructure and is not depreciable until the asset is considered in service and successfully powers and runs the attached cryptocurrency machines. Completion of these projects will have various rollouts of energized transformed containers and are designed to calibrate power from the plant to the container that houses multiple cryptocurrency machines. Currently, the balance of $10,762,486 as of June 30, 2023, represents open contracts for future projects. Depreciation and amortization expense charged to operations was $8,634,967 and $12,667,300 for the three months ended June 30, 2023, and 2022, respectively, including depreciation of assets under finance leases of $112,141 and $73,023 for the three months ended June 30, 2023, and 2022, respectively. Depreciation and amortization expense charged to operations was $16,357,808 and $24,986,881 for the six months ended June 30, 2023, and 2022, respectively, including depreciation of assets under finance leases of $245,523 and $167,285 for the six months ended June 30, 2023, and 2022, respectively.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
ACCRUED LIABILITIES	NOTE 6 – ACCRUED LIABILITIES Accrued liabilities consisted of the following as of June 30, 2023, and December 31, 2022: June 30, 2023 December 31, 2022 Accrued legal and professional fees $ 541,482 $ 1,439,544 Accrued interest 2,992 1,343,085 Accrued sales and use tax 5,430,197 5,150,659 Accrued plant utilities 1,107,607 — Accrued salaries and benefits 160,437 285,300 Other 1,387,450 674,660 Accrued liabilities $ 8,630,165 $ 8,893,248

DEBT

DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	NOTE 7 – DEBT Total debt consisted of the following as of June 30, 2023, and December 31, 2022: June 30, 2023 December 31, 2022 $499,520 loan, with interest at 2.49%, due December 2023. $ 71,354 $ 124,023 $499,895 loan, with interest at 2.95%, due July 2023. 55,655 121,470 $517,465 loan, with interest at 4.78%, due October 2024. 253,857 339,428 $585,476 loan, with interest at 4.99%, due November 2025. 430,543 513,334 $431,825 loan, with interest at 7.60%, due April 2024. 77,344 121,460 $58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. 54,438,473 56,114,249 $33,750,000 Convertible Note, with interest at 10.00%, due May 2024. — 16,812,500 $92,381 loan, with interest at 1.49%, due April 2026. 67,902 79,249 $64,136 loan, with interest at 11.85%, due May 2024. 26,798 39,056 $196,909 loan, with interest at 6.49%, due May 2024. 160,275 184,895 $60,679 loan, with interest at 7.60%, due March 2025. 55,427 — $3,500,000 Promissory Note, with interest at 7.50%, due October 2025. 3,125,000 — Total outstanding borrowings $ 58,762,628 $ 74,449,664 Current portion of long-term debt, net of discounts and issuance fees 796,668 17,422,546 Long-term debt, net of discounts and issuance fees $ 57,965,960 $ 57,027,118 WhiteHawk Refinancing Agreement On October 27, 2022, the Company entered into a secured credit agreement (the “Credit Agreement”) with WhiteHawk Finance LLC ("WhiteHawk") to refinance an existing equipment financing agreement, dated June 30, 2021, by and between Stronghold Digital Mining Equipment, LLC and WhiteHawk (the “WhiteHawk Financing Agreement”). Upon closing, the Credit Agreement consisted of $35.1 million in term loans and $23.0 million in additional commitments. The financing pursuant to the Credit Agreement (such financing, the “WhiteHawk Refinancing Agreement”) was entered into by Stronghold Digital Mining Holdings, LLC ("Stronghold LLC"), as Borrower (in such capacity, the “Borrower”), and is secured by substantially all of the assets of the Company and its subsidiaries and is guaranteed by the Company and each of its material subsidiaries. The WhiteHawk Refinancing Agreement requires equal monthly amortization payments resulting in full amortization at maturity. The WhiteHawk Refinancing Agreement has customary representations, warranties and covenants including restrictions on indebtedness, liens, restricted payments and dividends, investments, asset sales and similar covenants and contains customary events of default. On February 6, 2023, the Company, Stronghold LLC, as borrower, their subsidiaries and WhiteHawk Capital Partners LP ("WhiteHawk Capital"), as collateral agent and administrative agent, and the other lenders thereto, entered into an amendment to the Credit Agreement (the “First Amendment”) in order to modify certain covenants and remove certain prepayment requirements contained therein. As a result of the First Amendment, amortization payments for the period from February 2023 through July 2024 are not required, with monthly amortization resuming July 31, 2024. Beginning June 30, 2023, following a five-month holiday, Stronghold LLC will make monthly prepayments of the loan in an amount equal to 50% of its average daily cash balance (including cryptocurrencies) in excess of $7,500,000 for such month. The First Amendment also modified the financial covenants to (i) in the case of the requirement of the Company to maintain a leverage ratio no greater than 4.0:1.00, such covenant will not be tested until the fiscal quarter ending September 30, 2024, and (ii) in the case of the minimum liquidity covenant, modified to require minimum liquidity at any time to be not less than: (A) until March 31, 2024, $2,500,000; (B) during the period beginning April 1, 2024, through and including December 31, 2024, $5,000,000; and (C) from and after January 1, 2025, $7,500,000. The Company was in compliance with all applicable covenants under the WhiteHawk Refinancing Agreement as of June 30, 2023. The borrowings under the WhiteHawk Refinancing Agreement mature on October 26, 2025, and bear interest at a rate of either (i) the Secured Overnight Financing Rate ("SOFR") plus 10% or (ii) a reference rate equal to the greater of (x) 3%, (y) the federal funds rate plus 0.5% and (z) the term SOFR rate plus 1%, plus 9%. Borrowings under the WhiteHawk Refinancing Agreement may also be accelerated in certain circumstances. Convertible Note Exchange On December 30, 2022, the Company entered into an exchange agreement with the holders (the “Purchasers”) of the Company’s Amended and Restated 10% Notes (the “Amended May 2022 Notes”), providing for the exchange of the Amended May 2022 Notes (the “Exchange Agreement”) for shares of the Company’s newly-created Series C Convertible Preferred Stock, par value $0.0001 per share (the “Series C Preferred Stock”). On February 20, 2023, the transactions contemplated under the Exchange Agreement were consummated, and the Amended May 2022 Notes were deemed paid in full. Approximately $16.9 million of principal amount of debt was extinguished in exchange for the issuance of the shares of Series C Preferred Stock. As a result of this transaction, the Company incurred a loss on debt extinguishment of approximately $29 million during the first quarter of 2023. On February 20, 2023, in connection with the consummation of the Exchange Agreement, the Company entered into a Registration Rights Agreement with the Purchasers (the “Registration Rights Agreement”) whereby it agreed to, among other things, (i) file within two Bruce & Merrilees Promissory Note On March 28, 2023, the Company and Stronghold LLC entered into a settlement agreement (the “B&M Settlement”) with its electrical contractor, Bruce & Merrilees Electric Co. (“B&M”). Pursuant to the B&M Settlement, B&M agreed to eliminate an approximately $11.4 million outstanding payable in exchange for a promissory note in the amount of $3,500,000 (the "B&M Note") and a stock purchase warrant for the right to purchase from the Company 300,000 shares of Class A common stock (the "B&M Warrant"). The B&M Note has no definitive payment schedule or term. Pursuant to the B&M Settlement, B&M released ten (10) 3000kva transformers to the Company and fully cancelled ninety (90) transformers remaining under a pre-existing order with a third-party supplier. The terms of the B&M Settlement included a mutual release of all claims. Simultaneous with the B&M Settlement, the Company and each of its subsidiaries entered into a subordination agreement with B&M and WhiteHawk Capital pursuant to which all obligations, liabilities and indebtedness of every nature of the Company and each of its subsidiaries owed to B&M shall be subordinate and subject in right and time of payment, to the prior payment of full of the Company's obligation to WhiteHawk Capital pursuant to the Credit Agreement. Pursuant to the B&M Note, the first $500,000 of the principal amount of the loan is payable in four equal monthly installments of $125,000 beginning on April 30, 2023, so long as (i) no default or event of default has occurred or is occurring under the WhiteHawk Credit Agreement and (ii) no PIK Option (as such term is defined in the WhiteHawk Refinancing Agreement) has been elected by the Company. The principal amount under the B&M Note bears interest at seven and one-half percent (7.5%). As of June 30, 2023, the Company paid $375,000 of principal pursuant to the B&M Note.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	NOTE 8 – RELATED-PARTY TRANSACTIONS Waste Coal Agreement The Company is obligated under a Waste Coal Agreement (the “WCA”) to take minimum annual delivery of 200,000 tons of waste coal as long as there is a sufficient quantity of waste coal that meets the Average Quality Characteristics (as defined in the WCA). Under the terms of the WCA, the Company is not charged for the waste coal itself but is charged a $6.07 per ton base handling fee as it is obligated to mine, process, load, and otherwise handle the waste coal for itself and also for other customers of Coal Valley Sales, LLC (“CVS”) from the Company's Russellton site specifically. The Company is also obligated to unload and properly dispose of ash at its Russellton site. The Company is charged a reduced handling fee of $1.00 per ton for any tons in excess of the minimum take of 200,000 tons. The Company is the designated operator of the Russellton site, and therefore, is responsible for complying with all state and federal requirements and regulations. The Company purchases coal from Coal Valley Properties, LLC, a single-member limited liability company which is entirely owned by one individual who has ownership in Q Power LLC ("Q Power"), and from CVS. CVS is a single-member limited liability company which is owned by a coal reclamation partnership of which an owner of Q Power has a direct and an indirect interest in the partnership of 16.26%. The Company expensed $150,000 and $303,500 for the three months ended June 30, 2023, and 2022, respectively, and $300,000 and $607,000 for the six months ended June 30, 2023, and 2022, respectively, associated with coal purchases from CVS, which is included in fuel expense in the condensed consolidated statements of operations. See the composition of the due to related parties balance as of June 30, 2023, and December 31, 2022, below. Fuel Service and Beneficial Use Agreement The Company has a Fuel Service and Beneficial Use Agreement (“FBUA”) with Northampton Fuel Supply Company, Inc. (“NFS”), a wholly owned subsidiary of Olympus Power. The Company buys fuel from and sends ash to NFS, for the mutual benefit of both facilities, under the terms and rates established in the FBUA. The FBUA expires on December 31, 2023. The Company expensed $923,874 and $541,466 for the three months ended June 30, 2023, and 2022, respectively, and $2,081,801 and $921,112 for the six months ended June 30, 2023, and 2022, respectively, which is included in fuel expense in the condensed consolidated statements of operations. See the composition of the due to related parties balance as of June 30, 2023, and December 31, 2022, below. Fuel Management Agreements Panther Creek Fuel Services LLC Effective August 1, 2021, the Company entered into the Fuel Management Agreement (the “Panther Creek Fuel Agreement”) with Panther Creek Fuel Services LLC, a wholly owned subsidiary of Olympus Services LLC which, in turn, is a wholly owned subsidiary of Olympus Power LLC. Under the Panther Creek Fuel Agreement, Panther Creek Fuel Services LLC provides the Company with operations and maintenance services with respect to the Facility. The Company reimburses Panther Creek Energy Services LLC for actual wages and salaries. The Company expensed $449,228 and $452,290 for the three months ended June 30, 2023, and 2022, respectively, and $927,849 and $851,059 for the six months ended June 30, 2023, and 2022, respectively, which is included in operations and maintenance expense in the condensed consolidated statements of operations. See the composition of the due to related parties balance as of June 30, 2023, and December 31, 2022, below. Scrubgrass Fuel Services, LLC Effective February 1, 2022, the Company entered into the Fuel Management Agreement (the “Scrubgrass Fuel Agreement”) with Scrubgrass Fuel Services LLC, a wholly owned subsidiary of Olympus Services LLC, which, in turn, is a wholly owned subsidiary of Olympus Power LLC. Under the Scrubgrass Fuel Agreement, Scrubgrass Fuel Services LLC provides the Company with operations and maintenance services with respect to the Facility. The Company reimburses Scrubgrass Energy Services LLC for actual wages and salaries. The Company expensed $98,825 and $236,993 for the three months ended June 30, 2023, and 2022, respectively, and $374,944 and $333,617 for the six months ended June 30, 2023, and 2022, respectively, which is included in operations and maintenance expense in the condensed consolidated statements of operations. See the composition of the due to related parties balance as of June 30, 2023, and December 31, 2022, below. O&M Agreements Olympus Power LLC On November 2, 2021, Stronghold LLC entered into an Operations, Maintenance and Ancillary Services Agreement (the “Omnibus Services Agreement”) with Olympus Stronghold Services, LLC (“Olympus Stronghold Services”), whereby Olympus Stronghold Services provided certain operations and maintenance services to Stronghold LLC and employed certain personnel to operate the Plants. Stronghold LLC reimbursed Olympus Stronghold Services for those costs incurred by Olympus Stronghold Services and approved by Stronghold LLC in the course of providing services under the Omnibus Services Agreement, including payroll and benefits costs and insurance costs. The material costs incurred by Olympus Stronghold Services were to be approved by Stronghold LLC. From November 2, 2021, until October 1, 2023, Stronghold LLC also agreed to pay Olympus Stronghold Services a management fee at the rate of $1,000,000 per year, payable monthly for services provided at each of the Plants, and an additional one-time mobilization fee of $150,000 upon the effective date of the Omnibus Services Agreement, which was deferred. Effective October 1, 2022, Stronghold LLC began paying Olympus Stronghold Services a management fee for the Panther Creek Plant in the amount of $500,000 per year, payable monthly for services provided at the Panther Creek Plant. This was a reduction of $500,000 from the $1,000,000 per year management fee that the Company was previously scheduled to pay Olympus Stronghold Services. The Company expensed $234,688 and $568,093 for the three months ended June 30, 2023, and 2022, respectively, and $470,064 and $796,691 for the six months ended June 30, 2023, and 2022, respectively, which includes the monthly management fees plus reimbursable costs incurred by Olympus Stronghold Services for payroll, benefits and insurance. See the composition of the due to related parties balance as of June 30, 2023, and December 31, 2022, below. The Company expects that the Omnibus Services Agreement will be terminated, to be effective July 1, 2023. The Company subsequently expects to enter into a Transition Services Agreement whereby Stronghold LLC or its affiliates will pay a fee to Olympus Stronghold Services for certain operations and maintenance services. Panther Creek Energy Services LLC Effective August 2, 2021, the Company entered into the Operations and Maintenance Agreement (the “O&M Agreement”) with Panther Creek Energy Services LLC, a wholly owned subsidiary of Olympus Services LLC which, in turn, is a wholly owned subsidiary of Olympus Power LLC. Under the O&M Agreement, Panther Creek Energy Services LLC provides the Company with operations and maintenance services with respect to the Facility. The Company reimburses Panther Creek Energy Services LLC for actual wages and salaries. The Company also agreed to pay a management fee of $175,000 per operating year, which is payable monthly, and is adjusted by the consumer price index on each anniversary date of the effective date. The Company expensed $935,770 and $1,137,345 for the three months ended June 30, 2023, and 2022, respectively, and $1,846,164 and $2,025,169 for the six months ended June 30, 2023, and 2022, respectively, which includes the monthly management fees plus reimbursable costs incurred by Olympus Stronghold Services for payroll, benefits and insurance. See the composition of the due to related parties balance as of June 30, 2023, and December 31, 2022, below. In connection with the equity contribution agreement, effective July 9, 2021 (the "Equity Contribution Agreement"), the Company entered into the Amended and Restated Operations and Maintenance Agreement (the “Amended O&M Agreement”) with Panther Creek Energy Services LLC. Under the Amended O&M Agreement, the management fee is $250,000 for the twelve-month period following the effective date and $325,000 per year thereafter. The effective date of the Amended O&M Agreement was the closing date of the Equity Contribution Agreement. Scrubgrass Energy Services, LLC Effective February 1, 2022, the Company entered into the Operations and Maintenance Agreement (the “Scrubgrass O&M Agreement”) with Scrubgrass Energy Services LLC, a wholly owned subsidiary of Olympus Services LLC which, in turn, is a wholly owned subsidiary of Olympus Power LLC. Under the Scrubgrass O&M Agreement, Scrubgrass Energy Services LLC provides the Company with operations and maintenance services with respect to the Facility. The Company reimburses Scrubgrass Energy Services LLC for actual wages and salaries. The Company also agreed to pay a management fee of $175,000 per operating year, which is payable monthly, and is adjusted by the consumer price index on each anniversary date of the effective date. The Company expensed $545,178 and $1,792,214 for the three months ended June 30, 2023, and 2022, respectively, and $2,269,290 and $2,650,127 for the six months ended June 30, 2023, and 2022, respectively, which includes the monthly management fees plus reimbursable costs incurred by Olympus Stronghold Services for payroll, benefits and insurance. See the composition of the due to related parties balance as of June 30, 2023, and December 31, 2022, below. In connection with the Equity Contribution Agreement effective July 9, 2021, the Company entered into the Amended and Restated Operations and Maintenance Agreement (the “Scrubgrass Amended O&M Agreement”) with Scrubgrass Energy Services LLC. Under the Scrubgrass Amended O&M Agreement, the management fee is $250,000 for the twelve-month period following the effective date and $325,000 per year thereafter. The effective date of the Scrubgrass Amended O&M Agreement is the closing date of the Equity Contribution Agreement. Effective October 1, 2022, Stronghold LLC no longer pays Olympus Stronghold Services a management fee for the Scrubgrass Plant. Management Services Agreement On April 19, 2023, pursuant to an independent consulting agreement the Company entered into with William Spence in connection with his departure from the Board (the "Spence Consulting Agreement"), Mr. Spence's annualized management fee of $600,000 decreased to the greater of $200,000 or 10% of any economic benefits derived from the sale of beneficial use ash, carbon sequestration efforts or alternative fuel arrangements, in each case, arranged by Mr. Spence. The previous consulting and advisory agreement with Mr. Spence was terminated in connection with entry into the Spence Consulting Agreement. In April 2023, as part of the compensation pursuant to the Spence Consulting Agreement, Mr. Spence also received a one-time grant of 250,000 fully vested shares of the Company's Class A common stock, which has been recorded as stock-based compensation for the three and six months ended June 30, 2023, within general and administrative expense in the condensed consolidated statements of operations. Warrants On September 13, 2022, the Company entered into a Securities Purchase Agreement with Greg Beard, the Company's chairman and chief executive officer, for the purchase and sale of 60,241 shares of Class A common stock and warrants to purchase 60,241 shares of Class A common stock, at an initial exercise price of $17.50 per share, subsequently amended to $10.10 per share. Refer to Note 15 – Equity Issuances for additional details. Additionally, on April 20, 2023, Mr. Beard invested $1.0 million in exchange for 100,000 shares of Class A common stock and 100,000 pre-funded warrants. Refer to Note 15 – Equity Issuances for additional details. Amounts due to related parties as of June 30, 2023, and December 31, 2022, were as follows: June 30, 2023 December 31, 2022 Coal Valley Properties, LLC $ — $ 134,452 Q Power LLC — 500,000 Coal Valley Sales, LLC — — Panther Creek Energy Services LLC — 10,687 Panther Creek Fuel Services LLC — 53,482 Northampton Generating Fuel Supply Company, Inc. 833,625 594,039 Olympus Power LLC and other subsidiaries 76,751 78,302 Scrubgrass Energy Services LLC — 4,087 Scrubgrass Fuel Services LLC — — Due to related parties $ 910,376 $ 1,375,049

CONCENTRATIONS

CONCENTRATIONS	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
CONCENTRATIONS	NOTE 9 – CONCENTRATIONS Credit risk is the risk of loss the Company would incur if counterparties fail to perform their contractual obligations (including accounts receivable). The Company primarily conducts business with counterparties in the cryptocurrency mining and energy industry. This concentration of counterparties may impact the Company’s overall exposure to credit risk, either positively or negatively, in that its counterparties may be similarly affected by changes in economic, regulatory or other conditions. The Company mitigates potential credit losses by dealing, where practical, with counterparties that are rated at investment grade by a major credit agency or have a history of reliable performance within the cryptocurrency mining and energy industry. Financial instruments which potentially expose the Company to concentrations of credit risk consist primarily of cash and accounts receivable. Cash and cash equivalents customarily exceed federally insured limits. The Company’s significant credit risk is primarily concentrated with CES. Over the course of 2022, the Company transitioned entirely to CES from Direct Energy Business Marketing, LLC. CES accounted for approximately 100% of the Company's energy operations segment revenues for the three and six months ended June 30, 2023. Additionally, CES accounted for approximately 75% of the Company’s accounts receivable balance as of June 30, 2023, including approximately $0.7 million CES expects to receive from PJM on the Company's behalf, and forward to the Company upon receipt. During the first half of 2023, following an updated calculation from PJM revising the expected December 2022 performance assessment interval account receivable, the Company recorded a decrease in the value of accounts receivable of $1,142,750 within general and administrative expense in the condensed consolidated statement of operations. The Company expects to receive the approximately $0.7 million of remaining accounts receivable from PJM (via CES) during the remainder of 2023. The Company purchased 26% and 14% of coal from two related parties for the three months ended June 30, 2023, and 2022, respectively. For the six months ended June 30, 2023, and 2022, the Company purchased 22% and 13% of coal, respectively, from the same related parties. See Note 8 – Related-Party Transactions for further information.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES Commitments : As discussed in Note 4 – Equipment Deposits , the Company has entered into various equipment contracts to purchase miners. Most of these contracts required a percentage of deposits upfront and subsequent payments to cover the contracted purchase price of the equipment. Details of the outstanding purchase agreement with MinerVa are summarized below. MinerVa Semiconductor Corp On April 2, 2021, the Company entered into a purchase agreement (the "MinerVa Purchase Agreement") with MinerVa for the acquisition of 15,000 of their MV7 ASIC SHA256 model cryptocurrency miners with a total terahash to be delivered equal to 1.5 million terahash. The price per miner was $4,892.50 for an aggregate purchase price of $73,387,500 to be paid in installments. The first installment equal to 60% of the purchase price, or $44,032,500, was paid on April 2, 2021, and an additional payment of 20% of the purchase price, or $14,677,500, was paid on June 2, 2021. As of June 30, 2023, there were no remaining deposits owed. In December 2021, the Company extended the deadline for delivery of the MinerVa miners to April 2022. In March 2022, MinerVa was again unable to meet its delivery date and had only delivered approximately 3,200 of the 15,000 miners. As a result, an impairment totaling $12,228,742 was recorded in the first quarter of 2022. Furthermore, in the fourth quarter of 2022, the difference between the fair value of the MinerVa equipment deposits and the carrying value resulted in the Company recording an additional impairment charge of $5,120,000. On July 18, 2022, the Company provided written notice of dispute to MinerVa pursuant to the MinerVa Purchase Agreement obligating the Company and MinerVa to work together in good faith towards a resolution for a period of sixty (60) days. In accordance with the MinerVa Purchase Agreement, if no settlement has been reached after sixty (60) days, Stronghold Inc. may end discussions and declare an impasse and adhere to the dispute resolution provisions of the MinerVa Purchase Agreement. As the 60-day period has expired, the Company is evaluating all available remedies under the MinerVa Purchase Agreement. As of June 30, 2023, MinerVa had delivered, refunded cash or swapped into deliveries of industry-leading miners of equivalent value to approximately 12,700 of the 15,000 miners. The aggregate purchase price does not include shipping costs, which are the responsibility of the Company and shall be determined at which time the miners are ready for shipment. While the Company continues to engage in discussions with MinerVa on the delivery of the remaining miners, it does not know when the remaining miners will be delivered, if at all. Contingencies: Legal Proceedings The Company experiences litigation in the normal course of business. Management is of the belief that none of this routine litigation will have a material adverse effect on the Company’s financial position or results of operations. McClymonds Supply & Transit Company, Inc. and DTA, L.P. vs. Scrubgrass Generating Company, L.P. On January 31, 2020, McClymonds Supply and Transit Company, Inc. (“McClymonds”) made a Demand for Arbitration, as required by the terms of the Transportation Agreement between McClymonds and Scrubgrass Generating Company, L.P. ("Scrubgrass") dated April 8, 2013 (the “Agreement”). In its demand, McClymonds alleged damages in the amount of $5,042,350 for failure to pay McClymonds for services. On February 18, 2020, Scrubgrass submitted its answering statement denying the claim of McClymonds in its entirety. On March 31, 2020, Scrubgrass submitted its counterclaim against McClymonds in the amount of $6,747,328 as the result of McClymonds’ failure to deliver fuel as required under the terms of the Agreement. Hearings were held from January 31, 2022, to February 3, 2022. On May 9, 2022, an award in the amount of $5.0 million plus interest of approximately $0.8 million was issued in favor of McClymonds. The two managing members of Q Power have executed a binding document to pay the full amount of the award and have begun to pay the full amount of the award, such that there will be no effect on the financial condition of the Company. McClymonds shall have no recourse to the Company with respect to the award. Allegheny Mineral Corporation v. Scrubgrass Generating Company, L.P., Butler County Court of Common Pleas, No. AD 19-11039 In November 2019, Allegheny Mineral Corporation ("Allegheny Mineral") filed suit against the Company seeking payment of approximately $1,200,000 in outstanding invoices. In response, the Company filed counterclaims against Allegheny Mineral asserting breach of contract, breach of express and implied warranties, and fraud in the amount of $1,300,000. After unsuccessful mediation in August 2020, the parties again attempted to mediate the case on October 26, 2022, which led to a mutual agreement to settlement terms of a $300,000 cash payment, and a supply agreement for limestone. Subject to completion of the settlement terms, this matter has been stayed in Butler County Court, and the outstanding litigation has been terminated. Federal Energy Regulatory Commission ("FERC") Matters On November 19, 2021, Scrubgrass received a notice of breach from PJM Interconnection, LLC alleging that Scrubgrass breached Interconnection Service Agreement – No. 1795 (the “ISA”) by failing to provide advance notice to PJM Interconnection, LLC and Mid-Atlantic Interstate Transmission, LLC pursuant to ISA, Appendix 2, section 3, of modifications made to the Scrubgrass Plant. On December 16, 2021, Scrubgrass responded to the notice of breach and respectfully disagreed that the ISA had been breached. On January 7, 2022, Scrubgrass participated in an information gathering meeting with representatives from PJM regarding the notice of breach and Scrubgrass continues to work with PJM regarding the dispute, including conducting a necessary study agreement with respect to the Scrubgrass Plant. On January 20, 2022, the Company sent PJM a letter regarding the installation of a resistive computational load bank at the Panther Creek Plant. On March 1, 2022, the Company executed a necessary study agreement with respect to the Panther Creek Plant. PJM's investigation and discussions regarding the notice of breach at the Scrubgrass Plant and Panther Creek Plant and other potential issues related to the computational load banks, including power consumption and potential resettlements of billing statements for certain prior months, are ongoing and discussions between PJM and the Company are continuing. On May 11, 2022, the Division of Investigations of the FERC Office of Enforcement (“OE”) informed the Company that the OE was conducting a non-public preliminary investigation concerning Scrubgrass’ compliance with various aspects of the PJM tariff. The OE requested that the Company provide certain information and documents concerning Scrubgrass’ operations by June 10, 2022. On July 13, 2022, after being granted an extension to respond by the OE, the Company submitted a formal response to the OE's request. Since the Company submitted its formal response to the OE's request, the Company has had further discussions with the OE regarding the Company's formal response. The OE's investigation, and discussions between the OE and the Company, regarding potential instances of non-compliance is continuing. The Company does not believe that the PJM notice of breach, the Panther Creek necessary study agreement, discussions regarding other potential issues related to the computational load bank, including power consumption and potential resettlements of billing statements for certain prior months, or the preliminary investigation by the OE will have a material adverse effect on the Company’s reported financial position or results of operations, although the Company cannot predict with certainty the final outcome of these proceedings. Winter v. Stronghold Digital Mining Inc., et al., U.S. District Court for the Southern District of New York On April 14, 2022, the Company, and certain of our current and former directors, officers and underwriters were named in a putative class action complaint filed in the United States District Court for the Southern District of New York. In the complaint, the plaintiffs allege that the Company made misleading statements and/or failed to disclose material facts in violation of Section 11 of the Securities Act, 15 U.S.C. §77k and Section 15 of the Securities Act of 1933, as amended (the "Securities Act"), about the Company’s business, operations, and prospects in the Company’s registration statement on Form S-1 related to its initial public offering, and when subsequent disclosures were made regarding these operational issues when the Company announced its fourth quarter and full year 2021 financial results, the Company’s stock price fell, causing significant losses and damages. As relief, the plaintiffs are seeking, among other things, compensatory damages. On August 4, 2022, co-lead plaintiffs were appointed. On October 18, 2022, the plaintiffs filed an amended complaint. On December 19, 2022, the Company filed a motion to dismiss. On February 17, 2023, the plaintiffs filed an opposition to the defendant's motion to dismiss. On March 20, 2023, the Company filed a reply brief in further support of its motion to dismiss. On June 13, 2023, the Company made oral arguments in support of its motion to dismiss. On August 10, 2023, the court largely denied the motion to dismiss. The defendants continue to believe the allegations in the complaint are without merit and intend to defend the suit vigorously. Mark Grams v. Treis Blockchain, LLC, Chain Enterprises, LLC, Cevon Technologies, LLC, Stronghold Digital Mining, LLC, David Pence, Michael Bolick, Senter Smith, Brian Lambretti and John Chain On May 4, 2023, Stronghold Digital Mining, LLC, a subsidiary of the Company, was named as one of several defendants in a complaint filed in the United States District Court for the Middle District of Alabama Eastern Division (the "Grams Complaint"). The Grams Complaint alleges that certain Bitcoin miners the Company purchased from Treis Blockchain, LLC ("Treis") in December 2021 contained firmware that is alleged to have constituted “trade secrets” owned by Grams. Principally, the Grams Complaint included allegations of misappropriation of these alleged trade secrets. The Company believes that the allegations against it and its subsidiaries in the Grams Complaint are without merit and intends to vigorously defend the suit. To that end, the Company has entered into a joint defense agreement with Treis and the other named defendants. The Company has also entered into a tolling agreement with Treis. The Company filed a motion to dismiss the case for lack of personal jurisdiction on June 23, 2023. The Company does not believe the Grams Complaint will have a material adverse effect on the Company's reported financial position or results of operations.

REDEEMABLE COMMON STOCK

REDEEMABLE COMMON STOCK	6 Months Ended
	Jun. 30, 2023
Temporary Equity Disclosure [Abstract]
REDEEMABLE COMMON STOCK	NOTE 11 – REDEEMABLE COMMON STOCK Class V common stock represented 28.4% and 45.1% ownership of Stronghold LLC, as of June 30, 2023, and December 31, 2022, respectively, granting the owners of Q Power economic rights and, as a holder, one vote on all matters to be voted on by the Company's stockholders generally, and a redemption right into Class A shares. Refer to Note 12 – Noncontrolling Interests for more details. The Company classifies its Class V common stock as redeemable common stock in the accompanying condensed consolidated balance sheets as, pursuant to the Stronghold LLC Agreement, the redemption rights of each unit held by Q Power for either shares of Class A common stock or an equivalent amount of cash is not solely within the Company’s control. This is due to the holders of the Class V common stock collectively owning a majority of the voting stock of the Company, which allows the holders of Class V common stock to elect the members of the Board, including those directors who determine whether to make a cash payment upon a Stronghold LLC unit holder’s exercise of its redemption rights. Redeemable common stock is recorded at the greater of the book value or redemption amount from the date of the issuance, April 1, 2021, and the reporting date as of June 30, 2023. The Company recorded redeemable common stock as presented in the table below. Common - Class V Shares Amount Balance - December 31, 2022 2,605,760 $ 11,754,587 Net loss attributable to noncontrolling interest — (21,475,004) Redemption of Class V shares (200,000) (1,210,000) Maximum redemption right valuation — 20,878,073 Balance - June 30, 2023 2,405,760 $ 9,947,656 NOTE 15 – EQUITY ISSUANCES May 2022 Private Placement On May 15, 2022, the Company entered into a note and warrant purchase agreement (the “Purchase Agreement”), by and among the Company and the purchasers thereto (collectively, the “May Purchasers”), whereby the Company agreed to issue and sell to the May Purchasers, and the May Purchasers agreed to purchase from the Company, (i) $33,750,000 aggregate principal amount of 10.00% unsecured convertible promissory notes (the “May 2022 Notes”) and (ii) warrants (the “May 2022 Warrants”) representing the right to purchase up to 631,800 shares of Class A common stock, of the Company with an exercise price per share equal to $25.00, on the terms and subject to the conditions set forth in the Purchase Agreement (collectively, the “2022 Private Placement”). The Purchase Agreement contained representations and warranties by the Company and the May Purchasers that are customary for transactions of this type. The May 2022 Notes and the May 2022 Warrants were sold for aggregate consideration of approximately $27.0 million. In connection with the 2022 Private Placement, the Company undertook to negotiate with the May Purchasers and to file a certificate of designation with the State of Delaware, following the closing of the 2022 Private Placement, for the terms of a new series of preferred stock. In connection with the 2022 Private Placement, the May 2022 Warrants were issued pursuant to the Warrant Agreement. The May 2022 Warrants are subject to mandatory cashless exercise provisions and have certain anti-dilution provisions. The May 2022 Warrants are exercisable for a five-year period from the closing. The issuance of the May 2022 Notes was within the scope of ASC 480-10 and, therefore, was initially measured at fair value (consistent with ASC 480-10-30-7). Additionally, under the guidance provided by ASC 815-40-15-7, the Company determined that the May 2022 Warrants were indexed to the Company's stock. As a result, the May 2022 Warrants were initially recorded at their fair value within equity. The May 2022 Notes were valued using the gross yield method under the income approach. As of the issuance date of May 15, 2022, a calibration analysis was performed by back solving the implied yield associated with the May 2022 Notes, such that the total value of the May 2022 Notes and the May 2022 Warrants equaled the purchase amount. The calibrated yield was then rolled forward for changes to the risk-free rate and option-adjusted spreads to the August 16, 2022, valuation date to value the May 2022 Notes. On August 16, 2022, the Company entered into an amendment to the Purchase Agreement, by and among the Company and the May Purchasers, whereby the Company agreed to amend the Purchase Agreement, such that $11.25 million of the outstanding principal was exchanged for the May Purchaser's execution of an amended and restated warrant agreement pursuant to which the strike price of the 631,800 May 2022 Warrants was reduced from $25.00 to $0.10. After giving effect to the principal reduction and amended and restated warrants, the Company was to continue to make subsequent monthly, payments to the May Purchasers on the fifteenth (15th) day of each of November 2022, December 2022, January 2023, and February 2023. The Company was able to elect to pay each such payment (A) in cash or (B) in shares of common stock, in each case, at a twenty percent (20%) discount to the average of the daily VWAPs for each of the twenty (20) consecutive trading days preceding the payment date. Series C Convertible Preferred Stock On December 30, 2022, the Company entered into the Exchange Agreement with the Purchasers of the Amended May 2022 Notes (as defined above) whereby the Amended May 2022 Notes were to be exchanged for shares of Series C Preferred Stock that, among other things, will convert into shares of Class A common stock or pre-funded warrants that may be exercised for shares of Class A common stock, at a conversion rate equal to the stated value of $1,000 per share plus cash in lieu of fractional shares, divided by a conversion price of $4.00 per share of Class A common stock. Upon the fifth anniversary of the Series C Preferred Stock, each outstanding share of Series C Preferred Stock will automatically and immediately convert into Class A common stock or pre-funded warrants. In the event of a liquidation, the Purchasers shall be entitled to receive an amount per share of Series C Preferred Stock equal to its stated value of $1,000 per share. The Exchange Agreement closed on February 20, 2023. Pursuant to the Exchange Agreement, the Purchasers received an aggregate 23,102 shares of the Series C Preferred Stock, in exchange for the cancellation of an aggregate $17,893,750 of principal and accrued interest, representing all of the amounts owed to the Purchasers under the May 2022 Notes. On February 20, 2023, one Purchaser converted 1,530 shares of the Series C Preferred Stock to 382,500 shares of the Company’s Class A common stock. The rights and preferences of the Series C Preferred Stock are designated in a certificate of designation, and the Company provided certain registration rights to the Purchasers. September 2022 Private Placement On September 13, 2022, the Company entered into Securities Purchase Agreements with Armistice and Greg Beard, the Company's chairman and chief executive officer (together with Armistice, the “September 2022 Private Placement Purchasers”), for the purchase and sale of 227,435 and 60,241 shares, respectively, of Class A common stock, par value $0.0001 per share at a purchase price of $16.00 and $16.60, respectively, and warrants to purchase an aggregate of 560,241 shares of Class A common stock, at an initial exercise price of $17.50 per share (subject to certain adjustments). Subject to certain ownership limitations, such warrants are exercisable upon issuance and will be exercisable for five and a half years commencing upon the date of issuance. Armistice also purchased the pre-funded warrants to purchase 272,565 shares of Class A common stock at a purchase price of $16.00 per pre-funded warrant. The pre-funded warrants have an exercise price of $0.001 per warrant share. The transaction closed on September 19, 2022. The gross proceeds from the sale of such securities, before deducting offering expenses, was approximately $9.0 million. The warrant liabilities are subject to remeasurement at each balance sheet date, and any change in fair value is recognized as "changes in fair value of warrant liabilities" in the condensed consolidated statements of operations. The fair value of the warrant liabilities was estimated as of June 30, 2023, using a Black-Scholes model with significant inputs as follows: June 30, 2023 Expected volatility 128.8 % Expected life (in years) 4.75 Risk-free interest rate 4.1 % Expected dividend yield 0.00 % Fair value $ 1,821,980 April 2023 Private Placement On April 20, 2023, the Company entered into Securities Purchase Agreements with an institutional investor and the Company’s chairman and chief executive officer, Greg Beard, for the purchase and sale of shares of Class A common stock, par value $0.0001 per share at a purchase price of $10.00 per share, and warrants to purchase shares of Class A common stock, at an initial exercise price of $11.00 per share (subject to certain adjustments in accordance with the terms thereof). Pursuant to the Securities Purchase Agreements, the institutional investor invested $9.0 million in exchange for an aggregate of 900,000 shares of Class A common stock and pre-funded warrants, and Mr. Beard invested $1.0 million in exchange for an aggregate of 100,000 shares of Class A common stock, in each case at a price of $10.00 per share equivalent. Further, the institutional investor and Mr. Beard received warrants exercisable for 900,000 shares and 100,000 shares, respectively, of Class A common stock. Subject to certain ownership limitations, the warrants are exercisable six months after issuance. The warrants are exercisable for five and a half years commencing upon the date of issuance, subject to certain ownership limitations. The pre-funded warrants have an exercise price of $0.001 per warrant share and are immediately exercisable, subject to certain ownership limitations . The gross proceeds from the April 2023 Private Placement, before deducting offering expenses, was approximately $10.0 million. The April 2023 Private Placement closed on April 21, 2023. The warrant liabilities are subject to remeasurement at each balance sheet date, and any change in fair value is recognized as "changes in fair value of warrant liabilities" in the condensed consolidated statements of operations. The fair value of the warrant liabilities was estimated as of June 30, 2023, using a Black-Scholes model with significant inputs as follows: June 30, 2023 Expected volatility 128.8 % Expected life (in years) 5.50 Risk-free interest rate 4.1 % Expected dividend yield 0.00 % Fair value $ 3,431,602 Additionally, as previously disclosed, the Company entered into Securities Purchase Agreements with the September 2022 Private Placement Purchasers for, in part, warrants to purchase an aggregate of 560,241 shares of Class A common stock, at an exercise price of $17.50 per share. On April 20, 2023, the Company and the September 2022 Private Placement Purchasers entered into amendments to, among other things, adjust the strike price of the warrants from $17.50 per share to $10.10 per share. ATM Agreement On May 23, 2023, the Company entered into an at-the-market offering agreement (the "ATM Agreement") with H.C. Wainwright & Co., LLC ("HCW") to sell shares of its Class A common stock having aggregate sales proceeds of up to $15.0 million (the "ATM Shares"), from time to time, through an "at the market" equity offering program under which HCW acts as sales agent and/or principal. Pursuant to the ATM Agreement, the ATM Shares may be offered and sold through HCW in transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act, including sales made directly on The Nasdaq Stock Market LLC or sales made to or through a market maker other than on an exchange or in negotiated transactions. Under the ATM Agreement, HCW is entitled to compensation equal to 3.0% of the gross proceeds from the sale of the ATM Shares sold through HCW. The Company has no obligation to sell any of the ATM Shares under the ATM Agreement and may at any time suspend solicitations and offers under the ATM Agreement. The Company and HCW may each terminate the ATM Agreement at any time upon specified prior written notice. The ATM Shares have been and are being issued pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-271671), filed with the SEC on May 5, 2023, as amended by Amendment No. 1 to the registration statement filed with the SEC on May 23, 2023 (as amended, the “ATM Registration Statement”). Pursuant to the ATM Agreement, no sales may be made until 30 days following the date on which the ATM Registration Statement is declared effective. The ATM Registration Statement was declared effective on May 25, 2023. The Company sold 760 ATM Shares under the ATM Agreement during the quarter ended June 30, 2023, for an insignificant amount of proceeds. As of June 30, 2023, the Company had $312,055 of offering costs included within other current assets in the condensed consolidated balance sheet. As of August 7, 2023, the Company has received net proceeds of approximately $6.1 million from the sale of 798,944 ATM Shares under the ATM Agreement after deducting sales commissions of approximately $0.2 million.

NONCONTROLLING INTERESTS

NONCONTROLLING INTERESTS	6 Months Ended
	Jun. 30, 2023
Noncontrolling Interest [Abstract]
NONCONTROLLING INTERESTS	NOTE 12 – NONCONTROLLING INTERESTS The Company is the sole managing member of Stronghold LLC and, as a result, consolidates the financial results of Stronghold LLC and reports a noncontrolling interest representing the common units of Stronghold LLC held by Q Power. Changes in the Company's ownership interest in Stronghold LLC, while the Company retains its controlling interest, are accounted for as redeemable common stock transactions. As such, future redemptions or direct exchanges of common units of Stronghold LLC by the continuing equity owners will result in changes to the amount recorded as noncontrolling interest. Refer to Note 11 – Redeemable Common Stock which describes the redemption rights of the noncontrolling interest. Class V common stock represented 28.4% and 45.1% ownership of Stronghold LLC, as of June 30, 2023, and December 31, 2022, respectively, granting the owners of Q Power economic rights and, as a holder, one vote on all matters to be voted on by the Company's stockholders generally, and a redemption right into shares of Class A common stock. The following summarizes the redeemable common stock adjustments pertaining to the noncontrolling interest as of and for the six months ended June 30, 2023: Class V Common Stock Outstanding Fair Value Price Temporary Equity Adjustments Balance - December 31, 2022 2,605,760 $ 4.51 $ 11,754,587 Net loss attributable to noncontrolling interest — (21,475,004) Redemption of Class V shares (200,000) (1,210,000) Adjustment of temporary equity to redemption amount (1) — 20,878,073 Balance - June 30, 2023 2,405,760 $ 4.13 $ 9,947,656 (1) Temporary equity adjustment based on Class V common stock outstanding at fair value price at each quarter end, using a 10-day variable weighted average price ("VWAP") of trading dates including the closing date.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	NOTE 13 – STOCK-BASED COMPENSATION Stock-based compensation expense for the three months ended June 30, 2023, and 2022, equaled $4,366,724 and $3,152,631, respectively, and for the six months ended June 30, 2023, and 2022, equaled $6,816,048 and $5,745,625, respectively. There was no income tax benefit related to stock-based compensation expense due to the Company having a full valuation allowance recorded against its deferred income tax assets. On March 15, 2023, the Company entered into award agreements with certain executive officers. In total, the executive officers were granted 272,500 restricted stock units in exchange for the cancellation of 98,669 stock options and 25,000 performance share units previously granted to the executive officers. All restricted stock units were granted under the Company’s previously adopted Omnibus Incentive Plan, dated October 19, 2021.

WARRANTS

WARRANTS	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
WARRANTS	NOTE 14 – WARRANTS The following table summarizes outstanding warrants as of June 30, 2023. Number of Warrants Outstanding as of December 31, 2022 1,587,511 Issued 1,733,340 Exercised (1,135,903) Outstanding as of June 30, 2023 2,184,948 B&M Warrant On March 28, 2023, as part of the B&M Settlement described in Note 7 – Debt , the Company issued a stock purchase warrant to B&M providing for the right to purchase from the Company 300,000 shares of Class A common stock, par value $0.0001 per share, at an exercise price of $0.001 per warrant share. As of and during the three months ended June 30, 2023, 200,000 shares of Class A common stock available for purchase pursuant to the B&M Warrant were exercised. May 2022 Private Placement On May 15, 2022, the Company entered into a note and warrant purchase agreement, by and among the Company and the purchasers thereto, whereby the Company agreed to issue and sell (i) $33,750,000 aggregate principal amount of 10.00% unsecured convertible promissory notes and (ii) warrants representing the right to purchase up to 631,800 shares of Class A common stock of the Company with an exercise price per share equal to $25.00. The promissory notes and warrants were sold for aggregate consideration of approximately $27 million. On August 16, 2022, the Company amended the note and warrant purchase agreement, such that $11.25 million of the outstandi ng principal was exchanged for the execution of an amended and restated warrant agreement pursuant to which the strike price of the 631,800 warrants was reduced from $25.00 to $0.10. Refer to Note 15 – Equity Issuances for additional details. During the six months ended June 30, 2023, 230,000 warrants issued in connection with the May 2022 Private Placement, or subsequent transactions associated with the unsecured convertible promissory notes, were exercised. September 2022 Private Placement On September 13, 2022, the Company entered into Securities Purchase Agreements with Armistice Capital Master Fund Ltd. ("Armistice") and Greg Beard, the Company's chairman and chief executive officer, for the purchase and sale of 227,435 and 60,241 shares of Class A common stock, respectively, and warrants to purchase an aggregate of 560,241 shares of Class A common stock, at an initial exercise price of $17.50 per share. Refer to Note 15 – Equity Issuances for additional details. As part of the transaction, Armistice purchased the pre-funded warrants for 272,565 shares of Class A common stock at a purchase price of $16.00 per warrant. The pre-funded warrants have an exercise price of $0.001 per warrant share. In April 2023, the Company, Armistice and Mr. Beard entered into amendments to, among other things, adjust the strike price of the remaining outstanding warrants from $17.50 per share to $10.10 per share. Refer to Note 15 – Equity Issuances for additional details. As of and during the six months ended June 30, 2023 , the pre-funded warrants for 272,565 shares of Class A common stock have been exercised. April 2023 Private Placement On April 20, 2023, the Company entered into Securities Purchase Agreements with an institutional investor and the Company's Chief Executive Officer, Greg Beard, for the purchase and sale of shares of Class A common stock, par value $0.0001 per share at a purchase price of $10.00 per share, and warrants to purchase shares of Class A common stock, at an initial exercise price of $11.00 per share (the “April 2023 Private Placement”). Pursuant to the Securities Purchase Agreements, the institutional investor invested $9.0 million in exchange for an aggregate of 900,000 shares of Class A common stock and pre-funded warrants, and Mr. Beard invested $1.0 million in exchange for an aggregate of 100,000 shares of Class A common stock, in each case at a price of $10.00 per share equivalent. Further, the institutional investor and Mr. Beard received warrants exercisable for 900,000 shares and 100,000 shar es, respectively, of Class A common stock. Refer to Note 15 – Equity Issuances for additional details. As of and during the six months ended June 30, 2023 ,

EQUITY ISSUANCES

EQUITY ISSUANCES	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
EQUITY ISSUANCES	NOTE 11 – REDEEMABLE COMMON STOCK Class V common stock represented 28.4% and 45.1% ownership of Stronghold LLC, as of June 30, 2023, and December 31, 2022, respectively, granting the owners of Q Power economic rights and, as a holder, one vote on all matters to be voted on by the Company's stockholders generally, and a redemption right into Class A shares. Refer to Note 12 – Noncontrolling Interests for more details. The Company classifies its Class V common stock as redeemable common stock in the accompanying condensed consolidated balance sheets as, pursuant to the Stronghold LLC Agreement, the redemption rights of each unit held by Q Power for either shares of Class A common stock or an equivalent amount of cash is not solely within the Company’s control. This is due to the holders of the Class V common stock collectively owning a majority of the voting stock of the Company, which allows the holders of Class V common stock to elect the members of the Board, including those directors who determine whether to make a cash payment upon a Stronghold LLC unit holder’s exercise of its redemption rights. Redeemable common stock is recorded at the greater of the book value or redemption amount from the date of the issuance, April 1, 2021, and the reporting date as of June 30, 2023. The Company recorded redeemable common stock as presented in the table below. Common - Class V Shares Amount Balance - December 31, 2022 2,605,760 $ 11,754,587 Net loss attributable to noncontrolling interest — (21,475,004) Redemption of Class V shares (200,000) (1,210,000) Maximum redemption right valuation — 20,878,073 Balance - June 30, 2023 2,405,760 $ 9,947,656 NOTE 15 – EQUITY ISSUANCES May 2022 Private Placement On May 15, 2022, the Company entered into a note and warrant purchase agreement (the “Purchase Agreement”), by and among the Company and the purchasers thereto (collectively, the “May Purchasers”), whereby the Company agreed to issue and sell to the May Purchasers, and the May Purchasers agreed to purchase from the Company, (i) $33,750,000 aggregate principal amount of 10.00% unsecured convertible promissory notes (the “May 2022 Notes”) and (ii) warrants (the “May 2022 Warrants”) representing the right to purchase up to 631,800 shares of Class A common stock, of the Company with an exercise price per share equal to $25.00, on the terms and subject to the conditions set forth in the Purchase Agreement (collectively, the “2022 Private Placement”). The Purchase Agreement contained representations and warranties by the Company and the May Purchasers that are customary for transactions of this type. The May 2022 Notes and the May 2022 Warrants were sold for aggregate consideration of approximately $27.0 million. In connection with the 2022 Private Placement, the Company undertook to negotiate with the May Purchasers and to file a certificate of designation with the State of Delaware, following the closing of the 2022 Private Placement, for the terms of a new series of preferred stock. In connection with the 2022 Private Placement, the May 2022 Warrants were issued pursuant to the Warrant Agreement. The May 2022 Warrants are subject to mandatory cashless exercise provisions and have certain anti-dilution provisions. The May 2022 Warrants are exercisable for a five-year period from the closing. The issuance of the May 2022 Notes was within the scope of ASC 480-10 and, therefore, was initially measured at fair value (consistent with ASC 480-10-30-7). Additionally, under the guidance provided by ASC 815-40-15-7, the Company determined that the May 2022 Warrants were indexed to the Company's stock. As a result, the May 2022 Warrants were initially recorded at their fair value within equity. The May 2022 Notes were valued using the gross yield method under the income approach. As of the issuance date of May 15, 2022, a calibration analysis was performed by back solving the implied yield associated with the May 2022 Notes, such that the total value of the May 2022 Notes and the May 2022 Warrants equaled the purchase amount. The calibrated yield was then rolled forward for changes to the risk-free rate and option-adjusted spreads to the August 16, 2022, valuation date to value the May 2022 Notes. On August 16, 2022, the Company entered into an amendment to the Purchase Agreement, by and among the Company and the May Purchasers, whereby the Company agreed to amend the Purchase Agreement, such that $11.25 million of the outstanding principal was exchanged for the May Purchaser's execution of an amended and restated warrant agreement pursuant to which the strike price of the 631,800 May 2022 Warrants was reduced from $25.00 to $0.10. After giving effect to the principal reduction and amended and restated warrants, the Company was to continue to make subsequent monthly, payments to the May Purchasers on the fifteenth (15th) day of each of November 2022, December 2022, January 2023, and February 2023. The Company was able to elect to pay each such payment (A) in cash or (B) in shares of common stock, in each case, at a twenty percent (20%) discount to the average of the daily VWAPs for each of the twenty (20) consecutive trading days preceding the payment date. Series C Convertible Preferred Stock On December 30, 2022, the Company entered into the Exchange Agreement with the Purchasers of the Amended May 2022 Notes (as defined above) whereby the Amended May 2022 Notes were to be exchanged for shares of Series C Preferred Stock that, among other things, will convert into shares of Class A common stock or pre-funded warrants that may be exercised for shares of Class A common stock, at a conversion rate equal to the stated value of $1,000 per share plus cash in lieu of fractional shares, divided by a conversion price of $4.00 per share of Class A common stock. Upon the fifth anniversary of the Series C Preferred Stock, each outstanding share of Series C Preferred Stock will automatically and immediately convert into Class A common stock or pre-funded warrants. In the event of a liquidation, the Purchasers shall be entitled to receive an amount per share of Series C Preferred Stock equal to its stated value of $1,000 per share. The Exchange Agreement closed on February 20, 2023. Pursuant to the Exchange Agreement, the Purchasers received an aggregate 23,102 shares of the Series C Preferred Stock, in exchange for the cancellation of an aggregate $17,893,750 of principal and accrued interest, representing all of the amounts owed to the Purchasers under the May 2022 Notes. On February 20, 2023, one Purchaser converted 1,530 shares of the Series C Preferred Stock to 382,500 shares of the Company’s Class A common stock. The rights and preferences of the Series C Preferred Stock are designated in a certificate of designation, and the Company provided certain registration rights to the Purchasers. September 2022 Private Placement On September 13, 2022, the Company entered into Securities Purchase Agreements with Armistice and Greg Beard, the Company's chairman and chief executive officer (together with Armistice, the “September 2022 Private Placement Purchasers”), for the purchase and sale of 227,435 and 60,241 shares, respectively, of Class A common stock, par value $0.0001 per share at a purchase price of $16.00 and $16.60, respectively, and warrants to purchase an aggregate of 560,241 shares of Class A common stock, at an initial exercise price of $17.50 per share (subject to certain adjustments). Subject to certain ownership limitations, such warrants are exercisable upon issuance and will be exercisable for five and a half years commencing upon the date of issuance. Armistice also purchased the pre-funded warrants to purchase 272,565 shares of Class A common stock at a purchase price of $16.00 per pre-funded warrant. The pre-funded warrants have an exercise price of $0.001 per warrant share. The transaction closed on September 19, 2022. The gross proceeds from the sale of such securities, before deducting offering expenses, was approximately $9.0 million. The warrant liabilities are subject to remeasurement at each balance sheet date, and any change in fair value is recognized as "changes in fair value of warrant liabilities" in the condensed consolidated statements of operations. The fair value of the warrant liabilities was estimated as of June 30, 2023, using a Black-Scholes model with significant inputs as follows: June 30, 2023 Expected volatility 128.8 % Expected life (in years) 4.75 Risk-free interest rate 4.1 % Expected dividend yield 0.00 % Fair value $ 1,821,980 April 2023 Private Placement On April 20, 2023, the Company entered into Securities Purchase Agreements with an institutional investor and the Company’s chairman and chief executive officer, Greg Beard, for the purchase and sale of shares of Class A common stock, par value $0.0001 per share at a purchase price of $10.00 per share, and warrants to purchase shares of Class A common stock, at an initial exercise price of $11.00 per share (subject to certain adjustments in accordance with the terms thereof). Pursuant to the Securities Purchase Agreements, the institutional investor invested $9.0 million in exchange for an aggregate of 900,000 shares of Class A common stock and pre-funded warrants, and Mr. Beard invested $1.0 million in exchange for an aggregate of 100,000 shares of Class A common stock, in each case at a price of $10.00 per share equivalent. Further, the institutional investor and Mr. Beard received warrants exercisable for 900,000 shares and 100,000 shares, respectively, of Class A common stock. Subject to certain ownership limitations, the warrants are exercisable six months after issuance. The warrants are exercisable for five and a half years commencing upon the date of issuance, subject to certain ownership limitations. The pre-funded warrants have an exercise price of $0.001 per warrant share and are immediately exercisable, subject to certain ownership limitations . The gross proceeds from the April 2023 Private Placement, before deducting offering expenses, was approximately $10.0 million. The April 2023 Private Placement closed on April 21, 2023. The warrant liabilities are subject to remeasurement at each balance sheet date, and any change in fair value is recognized as "changes in fair value of warrant liabilities" in the condensed consolidated statements of operations. The fair value of the warrant liabilities was estimated as of June 30, 2023, using a Black-Scholes model with significant inputs as follows: June 30, 2023 Expected volatility 128.8 % Expected life (in years) 5.50 Risk-free interest rate 4.1 % Expected dividend yield 0.00 % Fair value $ 3,431,602 Additionally, as previously disclosed, the Company entered into Securities Purchase Agreements with the September 2022 Private Placement Purchasers for, in part, warrants to purchase an aggregate of 560,241 shares of Class A common stock, at an exercise price of $17.50 per share. On April 20, 2023, the Company and the September 2022 Private Placement Purchasers entered into amendments to, among other things, adjust the strike price of the warrants from $17.50 per share to $10.10 per share. ATM Agreement On May 23, 2023, the Company entered into an at-the-market offering agreement (the "ATM Agreement") with H.C. Wainwright & Co., LLC ("HCW") to sell shares of its Class A common stock having aggregate sales proceeds of up to $15.0 million (the "ATM Shares"), from time to time, through an "at the market" equity offering program under which HCW acts as sales agent and/or principal. Pursuant to the ATM Agreement, the ATM Shares may be offered and sold through HCW in transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act, including sales made directly on The Nasdaq Stock Market LLC or sales made to or through a market maker other than on an exchange or in negotiated transactions. Under the ATM Agreement, HCW is entitled to compensation equal to 3.0% of the gross proceeds from the sale of the ATM Shares sold through HCW. The Company has no obligation to sell any of the ATM Shares under the ATM Agreement and may at any time suspend solicitations and offers under the ATM Agreement. The Company and HCW may each terminate the ATM Agreement at any time upon specified prior written notice. The ATM Shares have been and are being issued pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-271671), filed with the SEC on May 5, 2023, as amended by Amendment No. 1 to the registration statement filed with the SEC on May 23, 2023 (as amended, the “ATM Registration Statement”). Pursuant to the ATM Agreement, no sales may be made until 30 days following the date on which the ATM Registration Statement is declared effective. The ATM Registration Statement was declared effective on May 25, 2023. The Company sold 760 ATM Shares under the ATM Agreement during the quarter ended June 30, 2023, for an insignificant amount of proceeds. As of June 30, 2023, the Company had $312,055 of offering costs included within other current assets in the condensed consolidated balance sheet. As of August 7, 2023, the Company has received net proceeds of approximately $6.1 million from the sale of 798,944 ATM Shares under the ATM Agreement after deducting sales commissions of approximately $0.2 million.

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 16 – SEGMENT REPORTING Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly in deciding how to allocate resources and assess performance. The Company's CEO is the chief operating decision maker. The Company functions in two operating segments, Energy Operations and Cryptocurrency Operations , about which separate financial information is presented below. Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 OPERATING REVENUES: Energy Operations $ 1,371,242 $ 9,391,235 $ 5,014,163 $ 20,500,816 Cryptocurrency Operations 16,862,499 20,348,708 30,485,793 38,620,777 Total operating revenues $ 18,233,741 $ 29,739,943 $ 35,499,956 $ 59,121,593 NET OPERATING LOSS: Energy Operations $ (9,578,048) $ (11,678,177) $ (20,179,073) $ (23,775,302) Cryptocurrency Operations (6,001,483) (27,859,912) (10,016,571) (44,694,001) Total net operating loss $ (15,579,531) $ (39,538,089) $ (30,195,644) $ (68,469,303) OTHER EXPENSE (1) 3,887,402 (700,485) (28,157,047) (4,075,687) NET LOSS $ (11,692,129) $ (40,238,574) $ (58,352,691) $ (72,544,990) DEPRECIATION AND AMORTIZATION: Energy Operations $ (1,330,647) $ (1,326,552) $ (2,663,520) $ (2,582,653) Cryptocurrency Operations (7,304,320) (11,340,748) (13,694,288) (22,404,228) Total depreciation and amortization $ (8,634,967) $ (12,667,300) $ (16,357,808) $ (24,986,881) INTEREST EXPENSE: Energy Operations $ (252,178) $ (24,547) $ (411,465) $ (56,069) Cryptocurrency Operations (2,351,300) (4,484,235) (4,575,926) (7,364,166) Total interest expense $ (2,603,478) $ (4,508,782) $ (4,987,391) $ (7,420,235) (1) The Company does not allocate other income (expense) for segment reporting purposes. Amount is shown as a reconciling item between net operating income (loss) and consolidated net income (loss). Refer to the accompanying condensed consolidated statements of operations for further details.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	NOTE 17 – EARNINGS (LOSS) PER SHARE Basic EPS is computed by dividing the Company’s net income (loss) by the weighted average number of Class A shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share of Class A common stock for the three and six months ended June 30, 2023, and 2022. Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Numerator: Net loss $ (11,692,129) $ (40,238,574) $ (58,352,691) $ (72,544,990) Less: net income (loss) attributable to noncontrolling interest (3,355,873) (23,537,554) (21,475,004) (42,435,192) Net loss attributable to Stronghold Digital Mining, Inc. $ (8,336,256) $ (16,701,020) $ (36,877,687) $ (30,109,798) Denominator : Weighted average number of Class A common shares outstanding 6,163,450 2,034,107 5,274,471 2,027,468 Basic net loss per share $ (1.35) $ (8.21) $ (6.99) $ (14.85) Diluted net loss per share $ (1.35) $ (8.21) $ (6.99) $ (14.85) Securities that could potentially dilute earnings (loss) per share in the future were not included in the computation of diluted loss per share for the three and six months ended June 30, 2023, and 2022, because their inclusion would be anti-dilutive. The potentially dilutive impact of Series C Preferred Stock not yet exchanged for shares of Class A common stock totaled 5,393,000 as of June 30, 2023. Subsequent to June 30, 2023, as described in Note 15 – Equity Issuances , the Company continued to sell the ATM Shares under the ATM Agreement, resulting in an additional 798,184 shares of Class A common stock outstanding as of August 7, 2023.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 18 – INCOME TAXES Tax Receivable Agreement The Company entered into a Tax Receivable Agreement (“TRA”) with Q Power and an agent named by Q Power on April 1, 2021 (to which an additional holder was subsequently joined as an additional "TRA Holder" on March 14, 2023), pursuant to which the Company will pay the TRA Holders 85% of the realized (or, in certain circumstances, deemed to be realized) cash tax savings attributable to the tax basis step-ups arising from taxable exchanges of units and certain other items. During 2022 and 2023, taxable exchanges of Stronghold LLC units, together with a corresponding number of Class V common shares by Q Power for Class A common stock of the Company, resulted in adjustments to the tax basis of Stronghold LLC’s assets. Such step-ups in tax basis, which were allocated to Stronghold Inc., are expected to increase Stronghold Inc.’s tax depreciation, amortization and/or other cost recovery deductions, which may reduce the amount of tax Stronghold Inc. would otherwise be required to pay in the future. No cash tax savings have been realized by Stronghold Inc. with respect to these basis adjustments due to the Company’s estimated taxable losses, and the realization of cash tax savings in the future is dependent, in part, on estimates of sufficient future taxable income. As such, a deferred income tax asset has not been recorded due to maintaining a valuation allowance on the Company’s deferred income tax assets, and no liability has been recorded with respect to the TRA in light of the applicable criteria for accrual. Estimating the amount and timing of Stronghold Inc.'s realization of income tax benefits subject to the TRA is imprecise and unknown at this time and will vary based on a number of factors, including when future redemptions actually occur. Accordingly, the Company has not recorded any deferred income tax asset or liability associated with the TRA. Provision for Income Taxes The provision for income taxes for the three and six months ended June 30, 2023, and 2022, was zero, resulting in an effective income tax rate of zero. The difference between the statutory income tax rate of 21% and the Company’s effective tax rate for the three and six months ended June 30, 2023, and 2022, was primarily due to pre-tax losses attributable to the noncontrolling interest and due to maintaining a valuation allowance against the Company’s deferred income tax assets. The determination to record a valuation allowance was based on management’s assessment of all available evidence, both positive and negative, supporting realizability of the Company’s net operating losses and other deferred income tax assets, as required by ASC 740, Income Taxes . In light of the criteria under ASC 740 for recognizing the tax benefit of deferred income tax assets, the Company maintained a valuation allowance against its federal and state deferred income tax assets as of June 30, 2023, and December 31, 2022.

SUPPLEMENTAL CASH AND NON-CASH

SUPPLEMENTAL CASH AND NON-CASH INFORMATION	6 Months Ended
	Jun. 30, 2023
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH AND NON-CASH INFORMATION	NOTE 19 – SUPPLEMENTAL CASH AND NON-CASH INFORMATION Supplemental disclosures of cash flow information for the six months ended June 30, 2023, and 2022, were as follows: June 30, 2023 June 30, 2022 Income tax payments $ — $ — Interest payments $ 4,676,461 $ 2,071,167 Supplementary non-cash investing and financing activities consisted of the following for the six months ended June 30, 2023, and 2022: June 30, 2023 June 30, 2022 Equipment financed with debt $ — $ 59,537,733 Purchases of property, plant and equipment through finance leases 60,679 — Purchases of property, plant and equipment included in accounts payable or accrued liabilities 24,137 43,102,870 Operating lease right-of-use assets exchanged for lease liabilities 291,291 — Reclassifications from deposits to property, plant and equipment 4,658,970 3,473,096 Issued as part of financing: Warrants – WhiteHawk — 1,150,000 Warrants – convertible note — 6,604,881 Warrants – April 2023 Private Placement 8,882,914 — Convertible Note Exchange for Series C Convertible Preferred Stock: Extinguishment of convertible note 16,812,500 — Extinguishment of accrued interest 655,500 — Issuance of Series C convertible preferred stock, net of issuance costs 45,386,944 — B&M Settlement: Warrants – B&M 1,739,882 — Return of transformers to settle outstanding payable 6,007,500 — Issuance of B&M Note 3,500,000 — Elimination of accounts payable 11,426,720 — Financed insurance premiums 1,275,288 523,076 Class A common stock issued to settle outstanding payables or accrued liabilities 954,793 —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 20 – SUBSEQUENT EVENTS Canaan Purchase Agreement and Amendment to Canaan Bitcoin Mining Agreement On July 19, 2023, the Company entered into a Sales and Purchase Contract with Canaan Inc. ("Canaan") whereby the Company purchased 2,000 A1346 Bitcoin miners for a total purchase price of $2,962,337. The miners are expected to be delivered during the third quarter of 2023 for use at the Company's Panther Creek Plant. Simultaneously, on July 19, 2023, the Company amended the Canaan Bitcoin Mining Agreement with the addition of 2,000 A1346 Bitcoin miners under the same terms as the Canaan Bitcoin Mining Agreement.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Certain information and footnote disclosures normally included in the annual financial statements, prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), have been condensed or omitted. Certain reclassifications of amounts previously reported have been made to the accompanying condensed consolidated financial statements in order to conform to current presentation. Additionally, since there are no differences between net income (loss) and comprehensive income (loss), all references to comprehensive income (loss) have been excluded from the condensed consolidated financial statements. On May 15, 2023, following approval by the Board of Directors (the "Board") and stockholders of the Company, the Company effected a 1-for-10 reverse stock split ("Reverse Stock Split") of its Class A common stock, par value $0.0001 per share, and Class V common stock, par value $0.0001 per share. The par values of the Company's Class A and Class V common stock were not adjusted as a result of the Reverse Stock Split. All share and per share amounts and related stockholders' equity balances presented herein have been retroactively adjusted to reflect the Reverse Stock Split.
Reclassification	ReclassificationDuring the first quarter of 2023, the Company revised its accounting policy to reclassify the presentation of imported power charges. Imported power charges are now recorded within fuel expenses, whereas they were previously netted against energy revenue. Prior periods have been reclassified to conform to the current period presentation. The reclassification increased 2022 energy revenues and fuel expenses as shown in the table below. The reclassification had no impact on net operating income (loss), earnings per share or equity.
Recently Implemented Accounting Pronouncements/Recently Issued Accounting Pronouncements	Recently Implemented Accounting Pronouncements In September 2016, the Financial Accounting Standards Board issued ASU 2016-13, Financial Instruments – Credit Losses , which adds a new impairment model, known as the current expected credit loss ("CECL") model, that is based on expected losses rather than incurred losses. Under the new guidance, an entity recognizes an allowance for its estimate of expected credit losses at the initial recognition of an in-scope financial instrument and applies it to most debt instruments, trade receivables, lease receivables, financial guarantee contracts, and other loan commitments. The CECL model does not have a minimum threshold for recognition of impairment losses and entities will need to measure expected credit losses on assets that have a low risk of loss. Since the Company is a smaller reporting company, as defined by the U.S. Securities and Exchange Commission (the "SEC"), the new guidance became effective on January 1, 2023. The Company adopted ASU 2016-13 effective January 1, 2023, but the adoption of ASU 2016-13 did not have an impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements There have been no recently issued accounting pronouncements applicable to the Company.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Reclassifications	The reclassification increased 2022 energy revenues and fuel expenses as shown in the table below. The reclassification had no impact on net operating income (loss), earnings per share or equity. Three Months Ended March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 Energy revenues - previously disclosed $ 8,362,801 $ 7,129,732 $ 11,454,016 $ 14,247,688 Reclassification: imported power charges 681,591 561,494 1,617,878 1,329,753 Energy revenues - restated $ 9,044,392 $ 7,691,226 $ 13,071,894 $ 15,577,441 Fuel expenses - previously disclosed $ 9,338,394 $ 8,626,671 $ 8,466,588 $ 2,348,457 Reclassification: imported power charges 681,591 561,494 1,617,878 1,329,753 Fuel expenses - restated $ 10,019,985 $ 9,188,165 $ 10,084,466 $ 3,678,210

DIGITAL CURRENCIES (Tables)

DIGITAL CURRENCIES (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Digital Currencies	As of June 30, 2023, the Company held an aggregate amount of $1,429,653 in digital currencies comprised of unrestricted Bitcoin. Changes in digital currencies consisted of the following for the three and six months ended June 30, 2023, and 2022: Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Digital currencies at beginning of period $ 672,852 $ 13,868,586 $ 109,827 $ 10,417,865 Additions of digital currencies 15,788,875 20,227,536 28,709,950 38,431,729 Realized gain on sale of digital currencies 266,665 — 593,433 751,110 Impairment losses (254,353) (5,205,045) (325,830) (7,711,217) Proceeds from sale of digital currencies (15,044,386) (23,759,090) (27,657,727) (36,757,500) Digital currencies at end of period $ 1,429,653 $ 5,131,987 $ 1,429,653 $ 5,131,987

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventory consisted of the following components as of June 30, 2023, and December 31, 2022: June 30, 2023 December 31, 2022 Waste coal $ 3,617,441 $ 4,147,369 Fuel oil 60,445 143,592 Limestone 490,303 180,696 Inventory $ 4,168,189 $ 4,471,657

EQUIPMENT DEPOSITS (Tables)

EQUIPMENT DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Equipment Deposits	The following table details the total equipment deposits of $5,422,338 as of June 30, 2023: Vendor Model Count Delivery Timeframe Total Transferred to PP&E (1) Impairment Sold Equipment MinerVa MinerVa MV7 15,000 Oct '21 - TBD $ 68,887,550 $ (37,415,271) $ (17,348,742) $ (8,701,199) $ 5,422,338 Totals 15,000 $ 68,887,550 $ (37,415,271) $ (17,348,742) $ (8,701,199) $ 5,422,338 (1) Miners that are delivered and physically placed in service are transferred to a fixed asset account at the respective unit price as defined in the agreement.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consisted of the following as of June 30, 2023, and December 31, 2022: Useful Lives (Years) June 30, 2023 December 31, 2022 Electric plant 10 - 60 $ 66,836,615 $ 66,295,809 Strongboxes and power transformers 8 - 30 54,588,284 52,318,704 Machinery and equipment 5 - 20 16,072,800 18,131,977 Rolling stock 5 - 7 261,000 261,000 Cryptocurrency machines and powering supplies 2 - 3 96,123,666 81,945,396 Computer hardware and software 2 - 5 86,419 17,196 Vehicles and trailers 2 - 7 659,133 659,133 Leasehold improvements 2 - 3 2,935,855 — Construction in progress Not Depreciable 10,762,486 19,553,826 Asset retirement cost 10 - 30 580,452 580,452 248,906,710 239,763,493 Accumulated depreciation and amortization (88,507,711) (72,558,812) Property, plant and equipment, net $ 160,398,999 $ 167,204,681

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following as of June 30, 2023, and December 31, 2022: June 30, 2023 December 31, 2022 Accrued legal and professional fees $ 541,482 $ 1,439,544 Accrued interest 2,992 1,343,085 Accrued sales and use tax 5,430,197 5,150,659 Accrued plant utilities 1,107,607 — Accrued salaries and benefits 160,437 285,300 Other 1,387,450 674,660 Accrued liabilities $ 8,630,165 $ 8,893,248

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Total debt consisted of the following as of June 30, 2023, and December 31, 2022: June 30, 2023 December 31, 2022 $499,520 loan, with interest at 2.49%, due December 2023. $ 71,354 $ 124,023 $499,895 loan, with interest at 2.95%, due July 2023. 55,655 121,470 $517,465 loan, with interest at 4.78%, due October 2024. 253,857 339,428 $585,476 loan, with interest at 4.99%, due November 2025. 430,543 513,334 $431,825 loan, with interest at 7.60%, due April 2024. 77,344 121,460 $58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. 54,438,473 56,114,249 $33,750,000 Convertible Note, with interest at 10.00%, due May 2024. — 16,812,500 $92,381 loan, with interest at 1.49%, due April 2026. 67,902 79,249 $64,136 loan, with interest at 11.85%, due May 2024. 26,798 39,056 $196,909 loan, with interest at 6.49%, due May 2024. 160,275 184,895 $60,679 loan, with interest at 7.60%, due March 2025. 55,427 — $3,500,000 Promissory Note, with interest at 7.50%, due October 2025. 3,125,000 — Total outstanding borrowings $ 58,762,628 $ 74,449,664 Current portion of long-term debt, net of discounts and issuance fees 796,668 17,422,546 Long-term debt, net of discounts and issuance fees $ 57,965,960 $ 57,027,118

RELATED-PARTY TRANSACTIONS (Tab

RELATED-PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Amounts due to related parties as of June 30, 2023, and December 31, 2022, were as follows: June 30, 2023 December 31, 2022 Coal Valley Properties, LLC $ — $ 134,452 Q Power LLC — 500,000 Coal Valley Sales, LLC — — Panther Creek Energy Services LLC — 10,687 Panther Creek Fuel Services LLC — 53,482 Northampton Generating Fuel Supply Company, Inc. 833,625 594,039 Olympus Power LLC and other subsidiaries 76,751 78,302 Scrubgrass Energy Services LLC — 4,087 Scrubgrass Fuel Services LLC — — Due to related parties $ 910,376 $ 1,375,049

REDEEMABLE COMMON STOCK (Tables

REDEEMABLE COMMON STOCK (Tables)	6 Months Ended
	Jun. 30, 2023
Temporary Equity Disclosure [Abstract]
Schedule of Redeemable Common Stock	The Company recorded redeemable common stock as presented in the table below. Common - Class V Shares Amount Balance - December 31, 2022 2,605,760 $ 11,754,587 Net loss attributable to noncontrolling interest — (21,475,004) Redemption of Class V shares (200,000) (1,210,000) Maximum redemption right valuation — 20,878,073 Balance - June 30, 2023 2,405,760 $ 9,947,656

NONCONTROLLING INTERESTS (Table

NONCONTROLLING INTERESTS (Tables)	6 Months Ended
	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Schedule of Noncontrolling Ownership Interest	The following summarizes the redeemable common stock adjustments pertaining to the noncontrolling interest as of and for the six months ended June 30, 2023: Class V Common Stock Outstanding Fair Value Price Temporary Equity Adjustments Balance - December 31, 2022 2,605,760 $ 4.51 $ 11,754,587 Net loss attributable to noncontrolling interest — (21,475,004) Redemption of Class V shares (200,000) (1,210,000) Adjustment of temporary equity to redemption amount (1) — 20,878,073 Balance - June 30, 2023 2,405,760 $ 4.13 $ 9,947,656 (1) Temporary equity adjustment based on Class V common stock outstanding at fair value price at each quarter end, using a 10-day variable weighted average price ("VWAP") of trading dates including the closing date.

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Outstanding Warrants	The following table summarizes outstanding warrants as of June 30, 2023. Number of Warrants Outstanding as of December 31, 2022 1,587,511 Issued 1,733,340 Exercised (1,135,903) Outstanding as of June 30, 2023 2,184,948

EQUITY ISSUANCES (Tables)

EQUITY ISSUANCES (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Black Scholes Input Assumptions	The fair value of the warrant liabilities was estimated as of June 30, 2023, using a Black-Scholes model with significant inputs as follows: June 30, 2023 Expected volatility 128.8 % Expected life (in years) 4.75 Risk-free interest rate 4.1 % Expected dividend yield 0.00 % Fair value $ 1,821,980 June 30, 2023 Expected volatility 128.8 % Expected life (in years) 5.50 Risk-free interest rate 4.1 % Expected dividend yield 0.00 % Fair value $ 3,431,602

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 OPERATING REVENUES: Energy Operations $ 1,371,242 $ 9,391,235 $ 5,014,163 $ 20,500,816 Cryptocurrency Operations 16,862,499 20,348,708 30,485,793 38,620,777 Total operating revenues $ 18,233,741 $ 29,739,943 $ 35,499,956 $ 59,121,593 NET OPERATING LOSS: Energy Operations $ (9,578,048) $ (11,678,177) $ (20,179,073) $ (23,775,302) Cryptocurrency Operations (6,001,483) (27,859,912) (10,016,571) (44,694,001) Total net operating loss $ (15,579,531) $ (39,538,089) $ (30,195,644) $ (68,469,303) OTHER EXPENSE (1) 3,887,402 (700,485) (28,157,047) (4,075,687) NET LOSS $ (11,692,129) $ (40,238,574) $ (58,352,691) $ (72,544,990) DEPRECIATION AND AMORTIZATION: Energy Operations $ (1,330,647) $ (1,326,552) $ (2,663,520) $ (2,582,653) Cryptocurrency Operations (7,304,320) (11,340,748) (13,694,288) (22,404,228) Total depreciation and amortization $ (8,634,967) $ (12,667,300) $ (16,357,808) $ (24,986,881) INTEREST EXPENSE: Energy Operations $ (252,178) $ (24,547) $ (411,465) $ (56,069) Cryptocurrency Operations (2,351,300) (4,484,235) (4,575,926) (7,364,166) Total interest expense $ (2,603,478) $ (4,508,782) $ (4,987,391) $ (7,420,235) (1) The Company does not allocate other income (expense) for segment reporting purposes. Amount is shown as a reconciling item between net operating income (loss) and consolidated net income (loss). Refer to the accompanying condensed consolidated statements of operations for further details.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per Share, Basic and Diluted	The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share of Class A common stock for the three and six months ended June 30, 2023, and 2022. Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Numerator: Net loss $ (11,692,129) $ (40,238,574) $ (58,352,691) $ (72,544,990) Less: net income (loss) attributable to noncontrolling interest (3,355,873) (23,537,554) (21,475,004) (42,435,192) Net loss attributable to Stronghold Digital Mining, Inc. $ (8,336,256) $ (16,701,020) $ (36,877,687) $ (30,109,798) Denominator : Weighted average number of Class A common shares outstanding 6,163,450 2,034,107 5,274,471 2,027,468 Basic net loss per share $ (1.35) $ (8.21) $ (6.99) $ (14.85) Diluted net loss per share $ (1.35) $ (8.21) $ (6.99) $ (14.85)

SUPPLEMENTAL CASH AND NON-CAS_2

SUPPLEMENTAL CASH AND NON-CASH INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2023
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Supplemental disclosures of cash flow information for the six months ended June 30, 2023, and 2022, were as follows: June 30, 2023 June 30, 2022 Income tax payments $ — $ — Interest payments $ 4,676,461 $ 2,071,167 Supplementary non-cash investing and financing activities consisted of the following for the six months ended June 30, 2023, and 2022: June 30, 2023 June 30, 2022 Equipment financed with debt $ — $ 59,537,733 Purchases of property, plant and equipment through finance leases 60,679 — Purchases of property, plant and equipment included in accounts payable or accrued liabilities 24,137 43,102,870 Operating lease right-of-use assets exchanged for lease liabilities 291,291 — Reclassifications from deposits to property, plant and equipment 4,658,970 3,473,096 Issued as part of financing: Warrants – WhiteHawk — 1,150,000 Warrants – convertible note — 6,604,881 Warrants – April 2023 Private Placement 8,882,914 — Convertible Note Exchange for Series C Convertible Preferred Stock: Extinguishment of convertible note 16,812,500 — Extinguishment of accrued interest 655,500 — Issuance of Series C convertible preferred stock, net of issuance costs 45,386,944 — B&M Settlement: Warrants – B&M 1,739,882 — Return of transformers to settle outstanding payable 6,007,500 — Issuance of B&M Note 3,500,000 — Elimination of accounts payable 11,426,720 — Financed insurance premiums 1,275,288 523,076 Class A common stock issued to settle outstanding payables or accrued liabilities 954,793 —

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details)		6 Months Ended
	Jul. 27, 2022	Jun. 30, 2023 a segment power_generation_facility MW
Disaggregation of Revenue [Line Items]
Number of coal refuse power generation facilities owned and operating | power_generation_facility		2
Number of operating segments | segment		2
Reclamation Facility, Venango County, Pennsylvania
Disaggregation of Revenue [Line Items]
Area of land (in acres) | a		650
Scrubgrass Plant
Disaggregation of Revenue [Line Items]
Generation capacity, electricity (in megawatts)		83.5
Panther Creek Plant
Disaggregation of Revenue [Line Items]
Generation capacity, electricity (in megawatts)		80
Customized Energy Solutions, Ltd
Disaggregation of Revenue [Line Items]
Contract with supplier, term	2 years
Contract with supplier, termination notice before automatic renewal, period	60 days

BASIS OF PRESENTATION - Narrati

BASIS OF PRESENTATION - Narrative (Details)		6 Months Ended
	May 15, 2023 $ / shares	Jun. 30, 2023 USD ($) $ / shares	Apr. 21, 2023 $ / shares	Mar. 28, 2023 $ / shares	Dec. 31, 2022 $ / shares	Sep. 19, 2022 $ / shares
Class of Stock [Line Items]
Restricted cash		$ 900,000
Continuous bond		400,000
Proceeds from letter of credit		$ 500,000
Common stock, par value (in USD per share) | $ / shares	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common Class A
Class of Stock [Line Items]
Stock split, conversion ratio	0.1
Common Stock - Class V
Class of Stock [Line Items]
Stock split, conversion ratio	0.1
Common stock - Class V, par value (in USD per share) | $ / shares	$ 0.0001	$ 0.0001			$ 0.0001

BASIS OF PRESENTATION - Reclass

BASIS OF PRESENTATION - Reclassifications (Details) - USD ($)	3 Months Ended					6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenues	$ 18,233,741			$ 29,739,943		$ 35,499,956	$ 59,121,593
Fuel expense	6,291,501	$ 3,678,210	$ 10,084,466	9,188,165	$ 10,019,985	13,705,515	19,208,150
Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fuel expense		2,348,457	8,466,588	8,626,671	9,338,394
Revision of Prior Period, Reclassification, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fuel expense		1,329,753	1,617,878	561,494	681,591
Energy
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenues	$ 740,793	15,577,441	13,071,894	7,691,226	9,044,392	$ 3,471,779	$ 16,735,618
Energy | Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenues		14,247,688	11,454,016	7,129,732	8,362,801
Energy | Revision of Prior Period, Reclassification, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenues		$ 1,329,753	$ 1,617,878	$ 561,494	$ 681,591

DIGITAL CURRENCIES (Details)

DIGITAL CURRENCIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Indefinite-lived Intangible Assets [Line Items]
Digital currencies	$ 1,429,653		$ 1,429,653		$ 109,827
Indefinite-lived Intangible Assets [Roll Forward]
Realized gain on sale of digital currencies	266,665	$ 0	593,433	$ 751,110
Impairment losses	(254,353)	(5,205,045)	(325,830)	(7,711,217)
Digital currencies
Indefinite-lived Intangible Assets [Roll Forward]
Digital currencies at beginning of period	672,852	13,868,586	109,827	10,417,865
Additions of digital currencies	15,788,875	20,227,536	28,709,950	38,431,729
Realized gain on sale of digital currencies	266,665	0	593,433	751,110
Impairment losses	(254,353)	(5,205,045)	(325,830)	(7,711,217)
Proceeds from sale of digital currencies	(15,044,386)	(23,759,090)	(27,657,727)	(36,757,500)
Digital currencies at end of period	$ 1,429,653	$ 5,131,987	$ 1,429,653	$ 5,131,987

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Waste coal	$ 3,617,441	$ 4,147,369
Fuel oil	60,445	143,592
Limestone	490,303	180,696
Inventory	$ 4,168,189	$ 4,471,657

EQUIPMENT DEPOSITS - Narrative

EQUIPMENT DEPOSITS - Narrative (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2022
Unrecorded Unconditional Purchase Obligation [Line Items]
Impairment	$ 17,348,742
MinerVa, MinerVA
Unrecorded Unconditional Purchase Obligation [Line Items]
Impairment	$ 17,348,742	$ 5,120,000	$ 12,228,742

EQUIPMENT DEPOSITS - Schedule o

EQUIPMENT DEPOSITS - Schedule of Equipment Deposits (Details)	Jun. 30, 2023 USD ($) miner	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Apr. 02, 2021 USD ($) miner
Unrecorded Unconditional Purchase Obligation [Line Items]
Count (in miners) | miner	15,000
Total Commitments	$ 68,887,550
Transferred to PP&E	(37,415,271)
Impairment	(17,348,742)
Sold	(8,701,199)
Equipment Deposits	$ 5,422,338	$ 10,081,307
MinerVa, MinerVA
Unrecorded Unconditional Purchase Obligation [Line Items]
Count (in miners) | miner	15,000			15,000
Total Commitments	$ 68,887,550			$ 73,387,500
Transferred to PP&E	(37,415,271)
Impairment	(17,348,742)	$ (5,120,000)	$ (12,228,742)
Sold	(8,701,199)
Equipment Deposits	$ 5,422,338

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Property, Plant And Equipment, Excluding Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 248,906,710	$ 239,763,493
Accumulated depreciation and amortization	(88,507,711)	(72,558,812)
Property, plant and equipment, net	160,398,999	167,204,681
Electric plant
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 66,836,615	66,295,809
Electric plant | Minimum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Electric plant | Maximum
Property, Plant and Equipment [Line Items]
Useful life	60 years
Strongboxes and power transformers
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 54,588,284	52,318,704
Strongboxes and power transformers | Minimum
Property, Plant and Equipment [Line Items]
Useful life	8 years
Strongboxes and power transformers | Maximum
Property, Plant and Equipment [Line Items]
Useful life	30 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 16,072,800	18,131,977
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	20 years
Rolling stock
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 261,000	261,000
Rolling stock | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Rolling stock | Maximum
Property, Plant and Equipment [Line Items]
Useful life	7 years
Cryptocurrency machines and powering supplies
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 96,123,666	81,945,396
Cryptocurrency machines and powering supplies | Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Cryptocurrency machines and powering supplies | Maximum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 86,419	17,196
Computer hardware and software | Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Vehicles and trailers
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 659,133	659,133
Vehicles and trailers | Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Vehicles and trailers | Maximum
Property, Plant and Equipment [Line Items]
Useful life	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,935,855	0
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,762,486	19,553,826
Asset retirement cost
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 580,452	$ 580,452
Asset retirement cost | Minimum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Asset retirement cost | Maximum
Property, Plant and Equipment [Line Items]
Useful life	30 years

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 8,634,967	$ 12,667,300	$ 16,357,808	$ 24,986,881
Depreciation of assets under finance leases	112,141	$ 73,023	245,523	$ 167,285
Gross value of assets under finance leases	2,678,265		2,678,265		$ 2,890,665
Assets under finance leases, accumulated amortization	1,181,555		1,181,555		1,074,091
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,762,486		$ 10,762,486		$ 19,553,826

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Other Accrued Liabilities:
Accrued legal and professional fees	$ 541,482	$ 1,439,544
Accrued interest	2,992	1,343,085
Accrued sales and use tax	5,430,197	5,150,659
Accrued plant utilities	1,107,607	0
Accrued salaries and benefits	160,437	285,300
Other	1,387,450	674,660
Accrued liabilities	$ 8,630,165	$ 8,893,248

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($)	Jun. 30, 2023	Mar. 28, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 58,762,628		$ 74,449,664
Current portion of long-term debt, net of discounts and issuance fees	796,668		17,422,546
Long-term debt, net of discounts and issuance fees	57,965,960		57,027,118
Loans payable | $499,520 loan, with interest at 2.49%, due December 2023.
Debt Instrument [Line Items]
Debt face amount	$ 499,520
Interest rate	2.49%
Long-term debt, gross	$ 71,354		124,023
Loans payable | $499,895 loan, with interest at 2.95%, due July 2023.
Debt Instrument [Line Items]
Debt face amount	$ 499,895
Interest rate	2.95%
Long-term debt, gross	$ 55,655		121,470
Loans payable | $517,465 loan, with interest at 4.78%, due October 2024.
Debt Instrument [Line Items]
Debt face amount	$ 517,465
Interest rate	4.78%
Long-term debt, gross	$ 253,857		339,428
Loans payable | $585,476 loan, with interest at 4.99%, due November 2025.
Debt Instrument [Line Items]
Debt face amount	$ 585,476
Interest rate	4.99%
Long-term debt, gross	$ 430,543		513,334
Loans payable | $431,825 loan, with interest at 7.60%, due April 2024.
Debt Instrument [Line Items]
Debt face amount	$ 431,825
Interest rate	7.60%
Long-term debt, gross	$ 77,344		121,460
Loans payable | $58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025.
Debt Instrument [Line Items]
Debt face amount	$ 58,149,411
Interest rate	10%
Long-term debt, gross	$ 54,438,473		56,114,249
Loans payable | $33,750,000 Convertible Note, with interest at 10.00%, due May 2024.
Debt Instrument [Line Items]
Debt face amount	$ 33,750,000
Interest rate	10%
Long-term debt, gross	$ 0		16,812,500
Loans payable | $92,381 loan, with interest at 1.49%, due April 2026.
Debt Instrument [Line Items]
Debt face amount	$ 92,381
Interest rate	1.49%
Long-term debt, gross	$ 67,902		79,249
Loans payable | $64,136 loan, with interest at 11.85%, due May 2024.
Debt Instrument [Line Items]
Debt face amount	$ 64,136
Interest rate	11.85%
Long-term debt, gross	$ 26,798		39,056
Loans payable | $196,909 loan, with interest at 6.49%, due May 2024.
Debt Instrument [Line Items]
Debt face amount	$ 196,909
Interest rate	6.49%
Long-term debt, gross	$ 160,275		184,895
Loans payable | $60,679 loan, with interest at 7.60%, due March 2025.
Debt Instrument [Line Items]
Debt face amount	$ 60,679
Interest rate	7.60%
Long-term debt, gross	$ 55,427		0
Loans payable | $3,500,000 Promissory Note, with interest at 7.50%, due October 2025.
Debt Instrument [Line Items]
Debt face amount	$ 3,500,000	$ 3,500,000
Interest rate	7.50%
Long-term debt, gross	$ 3,125,000		$ 0

DEBT - Narrative (Details)

DEBT - Narrative (Details)

3 Months Ended

6 Months Ended

Feb. 20, 2023 USD ($)

Feb. 06, 2023 USD ($)

Jun. 30, 2023 USD ($) $ / shares

Jun. 30, 2023 USD ($) $ / shares

Mar. 31, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2023 USD ($) $ / shares

Jun. 30, 2022 USD ($)

Mar. 28, 2023 USD ($) transformer installment shares

Dec. 31, 2022 $ / shares

Dec. 30, 2022 $ / shares

Oct. 27, 2022 USD ($)

May 15, 2022 shares

Extinguishment of Debt [Line Items]

Preferred stock, par value (in USD per share) | $ / shares

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

Loss on debt extinguishment

$ 0

$ 28,960,947

$ 0

$ 28,960,947

$ 0

Resale registration statement, filing period triggered by annual Report filing

2 days

Warrants issued during period (in shares) | shares

631,800

Bruce - Merrilees Electric Co.

Extinguishment of Debt [Line Items]

Payable eliminated

$ 11,400,000

Number of transformers released | transformer

10

Number of transformers cancelled | transformer

90

Series C Convertible Preferred Stock

Extinguishment of Debt [Line Items]

Preferred stock, par value (in USD per share) | $ / shares

$ 0.0001

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable

Extinguishment of Debt [Line Items]

Debt face amount

$ 58,149,411

$ 58,149,411

$ 58,149,411

Period of pause on triggered monthly debt repayments

5 months

Monthly prepayments, average daily cash percentage in excess of triggering amount

50%

Monthly prepayments, triggering daily cash balance amount (in excess)

$ 7,500,000

Maximum leverage ratio

4

Interest rate

10%

10%

10%

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Extinguishment of Debt [Line Items]

Basis spread on variable rate

10%

Reference rate

3%

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable | Fed Funds Effective Rate Overnight Index Swap Rate

Extinguishment of Debt [Line Items]

Basis spread on variable rate

0.50%

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable | Term Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Debt Instrument, Basis Spread On Variable Rate, One

Extinguishment of Debt [Line Items]

Basis spread on variable rate

1%

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable | Term Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Debt Instrument, Basis Spread On Variable Rate, Two

Extinguishment of Debt [Line Items]

Basis spread on variable rate

9%

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable | Until March 31, 2024

Extinguishment of Debt [Line Items]

Minimum liquidity requirement

$ 2,500,000

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable | During The Period April 1, 2024 Through December 31, 2024

Extinguishment of Debt [Line Items]

Minimum liquidity requirement

5,000,000

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Loans payable | From And After January 1, 2025

Extinguishment of Debt [Line Items]

Minimum liquidity requirement

$ 7,500,000

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Secured Debt | Loans payable

Extinguishment of Debt [Line Items]

Debt face amount

$ 35,100,000

$58,149,411 Credit Agreement, with interest at 10.00% plus SOFR, due October 2025. | Line of Credit | Loans payable

Extinguishment of Debt [Line Items]

Debt face amount

$ 23,000,000

Amended And Restated 10% Notes | Loans payable

Extinguishment of Debt [Line Items]

Interest rate

10%

Debt extinguished, paid-in-kind

$ 16,900,000

$3,500,000 Promissory Note, with interest at 7.50%, due October 2025. | Loans payable

Extinguishment of Debt [Line Items]

Debt face amount

$ 3,500,000

$ 3,500,000

$ 3,500,000

$ 3,500,000

Interest rate

7.50%

7.50%

7.50%

Warrants issued during period (in shares) | shares

300,000

Principal amount due, subject to contingencies

$ 500,000

Principal amount due, subject to contingencies, number of installments | installment

4

Principal installment amount due, subject to contingencies

$ 125,000

Repayment of debt

$ 375,000

RELATED-PARTY TRANSACTIONS - Na

RELATED-PARTY TRANSACTIONS - Narrative (Details)										1 Months Ended	3 Months Ended					6 Months Ended		24 Months Ended
	Apr. 20, 2023 USD ($) $ / shares shares	Apr. 19, 2023 USD ($)	Oct. 01, 2022 USD ($)	Sep. 19, 2022 $ / shares shares	Jul. 09, 2022 USD ($)	Feb. 01, 2022 USD ($)	Nov. 02, 2021 USD ($)	Aug. 02, 2021 USD ($)	Jul. 09, 2021 USD ($)	Apr. 30, 2023 $ / shares shares	Jun. 30, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / T owner T $ / shares	Jun. 30, 2022 USD ($)	Oct. 31, 2023 USD ($)	Apr. 21, 2023 $ / shares	May 15, 2022 $ / shares shares
Related Party Transaction [Line Items]
Fuel expense											$ 6,291,501	$ 3,678,210	$ 10,084,466	$ 9,188,165	$ 10,019,985	$ 13,705,515	$ 19,208,150
Operations and maintenance expense											$ 8,804,097			16,586,756		$ 17,245,020	27,921,089
Warrants issued during period (in shares) | shares																				631,800
Warrant exercise price of warrants (in USD per share) | $ / shares																				$ 25
September 2022 Warrants
Related Party Transaction [Line Items]
Warrants issued during period (in shares) | shares				560,241
Warrant exercise price of warrants (in USD per share) | $ / shares	$ 10.10			$ 17.50						$ 10.10
Pre-Funded Warrants
Related Party Transaction [Line Items]
Warrants issued during period (in shares) | shares				272,565
Warrant exercise price of warrants (in USD per share) | $ / shares				$ 0.001															$ 0.001
Private placement With Greg Beard, Co-Chairman And Chief Executive Officer
Related Party Transaction [Line Items]
Stock issued and sold during period (in shares) | shares				60,241
Coal Valley Properties, LLC
Related Party Transaction [Line Items]
Number of owners | owner																1
Q Power LLC | Coal Reclamation Partnership
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners											16.26%					16.26%
Waste Coal Agreement (the “WCA”) | Coal Valley Sales, LLC
Related Party Transaction [Line Items]
Waste coal annual quantity committed (in ton) | T																200,000
Waste coal, handling fee (in USD per ton) | $ / T																6.07
Waste coal commitment, units in excess of annual commitment, price per unit (in USD per ton) | $ / T																1
Management Fee | Olympus Stronghold Services, LLC | Forecast
Related Party Transaction [Line Items]
Related party transaction amount																		$ 1,000,000
Management Fee | Panther Creek Energy Services LLC
Related Party Transaction [Line Items]
Related party transaction amount					$ 325,000			$ 175,000	$ 250,000
Related party transaction, period									12 months
Management Fee | Scrubgrass Energy Services LLC
Related Party Transaction [Line Items]
Related party transaction amount					$ 325,000	$ 175,000			$ 250,000
Related party transaction, period									12 months
Mobilization Fee | Olympus Stronghold Services, LLC
Related Party Transaction [Line Items]
Related party transaction amount							$ 150,000
Management Fee, Panther Creek Plant | Olympus Stronghold Services, LLC
Related Party Transaction [Line Items]
Related party transaction amount			$ 500,000													$ 1,000,000
Reduction of expenses from transactions with related party			$ 500,000
Independent Consulting Agreement, Management Fee Before Adjustment
Related Party Transaction [Line Items]
Related party transaction amount		$ 600,000
Independent Consulting Agreement, Management Fee After Adjustment
Related Party Transaction [Line Items]
Related party transaction amount		$ 200,000
Related party transaction, percentage		0.10
Related Party | Waste Coal Agreement (the “WCA”) | Coal Valley Sales, LLC
Related Party Transaction [Line Items]
Fuel expense											$ 150,000			303,500		300,000	607,000
Related Party | Fuel Service and Beneficial Use Agreement ("FBUA") | Northampton Fuel Supply Company, Inc. (“NFS”)
Related Party Transaction [Line Items]
Fuel expense											923,874			541,466		2,081,801	921,112
Related Party | Fuel Management Agreement | Panther Creek Fuel Services LLC
Related Party Transaction [Line Items]
Operations and maintenance expense											449,228			452,290		927,849	851,059
Related Party | Fuel Management Agreement | Scrubgrass Fuel Services LLC
Related Party Transaction [Line Items]
Operations and maintenance expense											98,825			236,993		374,944	333,617
Related Party | Omnibus Services Agreement | Olympus Stronghold Services, LLC
Related Party Transaction [Line Items]
Operations and maintenance expense											234,688			568,093		470,064	796,691
Related Party | Operations and Maintenance Agreement | Panther Creek Energy Services LLC
Related Party Transaction [Line Items]
Operations and maintenance expense											935,770			1,137,345		1,846,164	2,025,169
Related Party | Operations and Maintenance Agreement | Scrubgrass Energy Services LLC
Related Party Transaction [Line Items]
Operations and maintenance expense											$ 545,178			$ 1,792,214		$ 2,269,290	$ 2,650,127
Related Party | Independent Consulting Agreement
Related Party Transaction [Line Items]
Granted (in shares) | shares										250,000
Chief Executive Officer | September 2022 Warrants
Related Party Transaction [Line Items]
Warrants issued during period (in shares) | shares				60,241
Warrant exercise price of warrants (in USD per share) | $ / shares				$ 17.50							$ 10.10					$ 10.10
Chief Executive Officer | Private placement With Greg Beard, Co-Chairman And Chief Executive Officer
Related Party Transaction [Line Items]
Stock issued and sold during period (in shares) | shares	100,000			60,241
Sale of stock, consideration received	$ 1,000,000
Chief Executive Officer | Private placement With Greg Beard, Co-Chairman And Chief Executive Officer | Pre-Funded Warrants
Related Party Transaction [Line Items]
Warrants issued during period (in shares) | shares	100,000

RELATED-PARTY TRANSACTIONS - Am

RELATED-PARTY TRANSACTIONS - Amounts Due to Related Parties (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Due to related parties	$ 910,376	$ 1,375,049
Coal Valley Properties, LLC
Related Party Transaction [Line Items]
Due to related parties	0	134,452
Q Power LLC
Related Party Transaction [Line Items]
Due to related parties	0	500,000
Coal Valley Sales, LLC
Related Party Transaction [Line Items]
Due to related parties	0	0
Panther Creek Energy Services LLC
Related Party Transaction [Line Items]
Due to related parties	0	10,687
Panther Creek Fuel Services LLC
Related Party Transaction [Line Items]
Due to related parties	0	53,482
Northampton Generating Fuel Supply Company, Inc.
Related Party Transaction [Line Items]
Due to related parties	833,625	594,039
Olympus Power LLC and other subsidiaries
Related Party Transaction [Line Items]
Due to related parties	76,751	78,302
Scrubgrass Energy Services LLC
Related Party Transaction [Line Items]
Due to related parties	0	4,087
Scrubgrass Fuel Services LLC
Related Party Transaction [Line Items]
Due to related parties	$ 0	$ 0

CONCENTRATIONS (Details)

CONCENTRATIONS (Details) - USD ($)		3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Concentration Risk [Line Items]
Accounts receivable	$ 2,338,099	$ 2,338,099			$ 2,338,099		$ 10,837,126
Change in value of accounts receivable within general and administrative expenses					(7,140,368)	$ (260,136)
Customized Energy Solutions, Ltd
Concentration Risk [Line Items]
Accounts receivable	$ 700,000	$ 700,000			$ 700,000
PJM Interconnection, LLC
Concentration Risk [Line Items]
Change in value of accounts receivable within general and administrative expenses			$ (1,142,750)
Revenue | Customized Energy Solutions, Ltd | Customer Concentration Risk | Energy Operations
Concentration Risk [Line Items]
Concentration risk, percentage					100%
Accounts receivable | Customized Energy Solutions, Ltd | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	75%
Purchased Coal | Related Party Concentration Risk | Two Related Parties
Concentration Risk [Line Items]
Concentration risk, percentage		26%		14%	22%	13%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) terahash in Millions	Oct. 26, 2022 USD ($)	Jul. 18, 2022	May 09, 2022 USD ($)	Jun. 02, 2021 USD ($)	Apr. 02, 2021 USD ($) miner terahash	Mar. 31, 2020 USD ($)	Jan. 31, 2020 USD ($)	Nov. 30, 2019 USD ($)	Jun. 30, 2023 USD ($) miner	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($) miner
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners | miner									15,000
Remaining commitment balance									$ 68,887,550
Impairment									$ 17,348,742
Scrubgrass Generating Company, L.P. | McClymonds Supply & Transit Company, Inc. and DTA, L.P. vs. Scrubgrass Generating Company, L.P.
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages awarded			$ 5,000,000
Litigation settlement interest			$ 800,000
Pending Litigation | McClymonds Supply and Transit Company, Inc. | McClymonds Supply & Transit Company, Inc. and DTA, L.P. vs. Scrubgrass Generating Company, L.P.
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages sought							$ 5,042,350
Pending Litigation | Allegheny Mineral Corporation | Allegheny Mineral Corporation v. Scrubgrass Generating Company, L.P., Butler County Court of Common Pleas, No. AD 19-11039
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages sought								$ 1,200,000
Pending Litigation | Scrubgrass Generating Company, L.P. | McClymonds Supply & Transit Company, Inc. and DTA, L.P. vs. Scrubgrass Generating Company, L.P.
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages sought						$ 6,747,328
Pending Litigation | Scrubgrass Generating Company, L.P. | Allegheny Mineral Corporation v. Scrubgrass Generating Company, L.P., Butler County Court of Common Pleas, No. AD 19-11039
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages sought								$ 1,300,000
Settled Litigation | Scrubgrass Generating Company, L.P. | Allegheny Mineral Corporation v. Scrubgrass Generating Company, L.P., Butler County Court of Common Pleas, No. AD 19-11039
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages awarded	$ 300,000
Miner Equipment, MinerVa, MinerVA
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners | miner					15,000				15,000
Total terahash delivered by miner (in terahash) | terahash					1.5
Price per miner (in dollars per miner)					$ 4,892.5
Remaining commitment balance					$ 73,387,500				$ 68,887,550
Percentage of purchase price				20%	60%
Purchases				$ 14,677,500	$ 44,032,500
Unpaid amount									0
Number of miners delivered | miner											3,200
Impairment									$ 17,348,742	$ 5,120,000	$ 12,228,742
Resolution period		60 days
Equivalent value of collateral exchanged | miner									12,700

REDEEMABLE COMMON STOCK - Narra

REDEEMABLE COMMON STOCK - Narrative (Details) - Stronghold LLC - vote	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Temporary Equity [Line Items]
Number of votes	1
Q Power LLC
Temporary Equity [Line Items]
Ownership interest	28.40%	45.10%

REDEEMABLE COMMON STOCK - Sched

REDEEMABLE COMMON STOCK - Schedule of Mezzanine Equity (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to noncontrolling interest	$ (3,355,873)	$ (23,537,554)	$ (21,475,004)	$ (42,435,192)
Maximum redemption right valuation			20,878,073
Retained Earnings
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to noncontrolling interest	$ (3,355,873)	$ (22,576,254)	$ (21,475,004)	$ (40,702,092)
Common Stock - Class V
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance (in shares)			2,605,760
Beginning balance			$ 11,754,587
Redemption of Class V shares (in shares)			(200,000)
Redemption of Class V shares			$ (1,210,000)
Maximum redemption right valuation			$ 20,878,073
Ending balance (in shares)	2,405,760		2,405,760
Ending balance	$ 9,947,656		$ 9,947,656

NONCONTROLLING INTERESTS - Narr

NONCONTROLLING INTERESTS - Narrative (Details) - Stronghold LLC - vote	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Number of votes	1
Q Power LLC
Noncontrolling Interest [Line Items]
Ownership interest	28.40%	45.10%

NONCONTROLLING INTERESTS - Rede

NONCONTROLLING INTERESTS - Redeemable Common Stock Adjustments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Increase (Decrease) in Temporary Equity [Roll Forward]
Redeemable common stock, beginning balance			$ 11,754,587
Net loss attributable to noncontrolling interest	$ (3,355,873)	$ (23,537,554)	(21,475,004)	$ (42,435,192)
Maximum redemption right valuation and adjustments			20,878,073
Redeemable common stock, ending balance	9,947,656		9,947,656
Retained Earnings
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to noncontrolling interest	$ (3,355,873)	$ (22,576,254)	$ (21,475,004)	$ (40,702,092)
Common Stock - Class V
Noncontrolling Interest [Line Items]
Common stock - Class V, outstanding (in shares)	2,405,760		2,405,760		2,605,760
Fair valuation price (in USD per share)	$ 4.13		$ 4.13		$ 4.51
Increase (Decrease) in Temporary Equity [Roll Forward]
Redeemable common stock, beginning balance			$ 11,754,587
Redemption of Class V shares (in shares)			(200,000)
Redemption of Class V shares			$ (1,210,000)
Maximum redemption right valuation and adjustments			20,878,073
Redeemable common stock, ending balance	$ 9,947,656		$ 9,947,656

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)		3 Months Ended		6 Months Ended
	Mar. 15, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 4,366,724	$ 3,152,631	$ 6,816,048	$ 5,745,625
Stock compensation expense, tax benefit				$ 0
Cancelled (in shares)	98,669
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	272,500
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancelled (in shares)	25,000

WARRANTS - Outstanding Warrants

WARRANTS - Outstanding Warrants (Details)	6 Months Ended
	Jun. 30, 2023 shares
Class Of Warrant Or Right, Outstanding [Roll Forward]
Outstanding as of beginning of period (in shares)	1,587,511
Issued (in shares)	1,733,340
Exercised (in shares)	(1,135,903)
Outstanding as of end of period (in shares)	2,184,948

WARRANTS - Narrative (Details)

WARRANTS - Narrative (Details) - USD ($)

3 Months Ended

6 Months Ended

Apr. 21, 2023

Sep. 19, 2022

Aug. 16, 2022

May 15, 2022

Jun. 30, 2023

Jun. 30, 2023

Jun. 30, 2022

May 15, 2023

Apr. 30, 2023

Apr. 20, 2023

Mar. 28, 2023

Dec. 31, 2022

Aug. 15, 2022

Debt Instrument [Line Items]

Warrants issued during period (in shares)

631,800

Common stock, par value (in USD per share)

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

Warrant exercise price of warrants (in USD per share)

$ 25

Warrants exercised (in shares)

1,135,903

Proceeds from private placements, net of issuance costs paid in cash

$ 27,000,000

$ 9,824,567

$ 0

Warrants issued (in shares)

1,733,340

September 2022 Warrants

Debt Instrument [Line Items]

Warrants issued during period (in shares)

560,241

Warrant exercise price of warrants (in USD per share)

$ 17.50

$ 10.10

$ 10.10

Pre-Funded Warrants

Debt Instrument [Line Items]

Warrants issued during period (in shares)

272,565

Warrant exercise price of warrants (in USD per share)

0.001

$ 0.001

Warrant purchase price (in USD per share)

$ 16

Pre-Funded Warrants | Armistice Capital Master Fund Ltd.

Debt Instrument [Line Items]

Warrants exercised (in shares)

272,565

Pre-Funded Warrants | Institutional Investor

Debt Instrument [Line Items]

Warrants exercised (in shares)

433,340

April 2023 Warrants

Debt Instrument [Line Items]

Warrant exercise price of warrants (in USD per share)

$ 11

April 2023 Warrants | Institutional Investor

Debt Instrument [Line Items]

Warrants issued during period (in shares)

900,000

April 2023 Warrants | Greg Beard

Debt Instrument [Line Items]

Warrants issued during period (in shares)

100,000

Note Warrant

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

631,800

Share price (in USD per share)

$ 0.10

$ 25

Private Placement

Debt Instrument [Line Items]

Warrants issued (in shares)

230,000

Sale of stock (in USD per share)

$ 10

Sale of stock, consideration received

$ 10,000,000

Private Placement | Institutional Investor

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

900,000

Sale of stock (in USD per share)

$ 10

Sale of stock, consideration received

$ 9,000,000

Private Placement | Greg Beard

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

100,000

Sale of stock (in USD per share)

$ 10

Sale of stock, consideration received

$ 1,000,000

Private Placement With Armistice Capital Master Fund Ltd.

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

227,435

Sale of stock (in USD per share)

$ 16

Private placement With Greg Beard, Co-Chairman And Chief Executive Officer

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

60,241

Sale of stock (in USD per share)

$ 16.60

Unsecured Convertible Promissory Notes | Unsecured Debt

Debt Instrument [Line Items]

Debt face amount

$ 11,250,000

$ 33,750,000

Interest rate

10%

$3,500,000 Promissory Note, with interest at 7.50%, due October 2025. | Loans payable

Debt Instrument [Line Items]

Warrants issued during period (in shares)

300,000

Warrant exercise price of warrants (in USD per share)

$ 0.001

Warrants exercised (in shares)

200,000

Debt face amount

$ 3,500,000

$ 3,500,000

$ 3,500,000

Interest rate

7.50%

7.50%

EQUITY ISSUANCES - Narrative (D

EQUITY ISSUANCES - Narrative (Details)

1 Months Ended

3 Months Ended

6 Months Ended

May 23, 2023 USD ($)

Apr. 21, 2023 USD ($) $ / shares shares

Feb. 20, 2023 USD ($) $ / shares shares

Sep. 19, 2022 USD ($) $ / shares shares

Aug. 16, 2022 USD ($) day $ / shares shares

May 15, 2022 USD ($) $ / shares shares

Aug. 07, 2023 shares

Aug. 07, 2023 USD ($) shares

Jun. 30, 2023 USD ($) $ / shares shares

Jun. 30, 2023 USD ($) $ / shares shares

Jun. 30, 2022 USD ($)

May 15, 2023 $ / shares

Apr. 30, 2023 $ / shares

Apr. 20, 2023 $ / shares

Mar. 28, 2023 $ / shares

Dec. 31, 2022 $ / shares

Aug. 15, 2022 $ / shares

Debt Instrument [Line Items]

Warrants issued during period (in shares)

631,800

Warrant exercise price of warrants (in USD per share) | $ / shares

$ 25

Proceeds from private placements, net of issuance costs paid in cash | $

$ 27,000,000

$ 9,824,567

$ 0

Purchase agreement, discount percentage

20%

Purchase agreement, consecutive trading days after payment (in days) | day

20

Issuance of Series C convertible preferred stock (in shares)

23,102

Common stock, par value (in USD per share) | $ / shares

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

Proceeds from ATM, net of issuance costs paid in cash | $

$ 9,000,000

$ 2,825

$ 0

Preferred Stock

Debt Instrument [Line Items]

Issuance of Series C convertible preferred stock (in shares)

23,102

Conversion of Series C convertible preferred stock (in shares)

(1,530)

(1,530)

Common Stock

Debt Instrument [Line Items]

Conversion of Series C convertible preferred stock (in shares)

382,500

382,500

May 2022 Warrants

Debt Instrument [Line Items]

Warrant exercise period

5 years

September 2022 Warrants

Debt Instrument [Line Items]

Warrants issued during period (in shares)

560,241

Warrant exercise price of warrants (in USD per share) | $ / shares

$ 17.50

$ 10.10

$ 10.10

Warrant exercise period

5 years 6 months

Pre-Funded Warrants

Debt Instrument [Line Items]

Warrants issued during period (in shares)

272,565

Warrant exercise price of warrants (in USD per share) | $ / shares

0.001

$ 0.001

Warrant purchase price (in USD per share) | $ / shares

$ 16

April 2023 Warrants

Debt Instrument [Line Items]

Warrant exercise price of warrants (in USD per share) | $ / shares

$ 11

Warrant exercise period

5 years 6 months

Period after issuance before warrants are exercisable

6 months

April 2023 Warrants | Institutional Investor

Debt Instrument [Line Items]

Warrants issued during period (in shares)

900,000

April 2023 Warrants | Greg Beard

Debt Instrument [Line Items]

Warrants issued during period (in shares)

100,000

Note Warrant

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

631,800

Share price (in USD per share) | $ / shares

$ 0.10

$ 25

Private Placement With Armistice Capital Master Fund Ltd.

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

227,435

Sale of stock (in USD per share) | $ / shares

$ 16

Private placement With Greg Beard, Co-Chairman And Chief Executive Officer

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

60,241

Sale of stock (in USD per share) | $ / shares

$ 16.60

Private Placement

Debt Instrument [Line Items]

Sale of stock (in USD per share) | $ / shares

$ 10

Sale of stock, consideration received | $

$ 10,000,000

Private Placement | Institutional Investor

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

900,000

Sale of stock (in USD per share) | $ / shares

$ 10

Sale of stock, consideration received | $

$ 9,000,000

Private Placement | Greg Beard

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

100,000

Sale of stock (in USD per share) | $ / shares

$ 10

Sale of stock, consideration received | $

$ 1,000,000

At-The-Market Offering Agreement

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

760

Sale of stock, potential consideration to be received | $

$ 15,000,000

Sale of stock, percentage of gross proceeds to counterparty

3%

Sale of stock, trigger period after effective date, stock eligible for sale

30 days

Deferred offering costs | $

$ 312,055

$ 312,055

At-The-Market Offering Agreement | Subsequent Event

Debt Instrument [Line Items]

Stock issued and sold during period (in shares)

798,184

798,944

Sale of stock, consideration received | $

$ 6,100,000

Sales commissions | $

$ 200,000

Unsecured Debt | Unsecured Convertible Promissory Notes

Debt Instrument [Line Items]

Debt face amount | $

$ 11,250,000

$ 33,750,000

Interest rate

10%

Conversion ratio, denominator (in USD per share) | $ / shares

$ 1,000

Conversion price (in USD per share) | $ / shares

4

Convertible, liquidation preference (in USD per share) | $ / shares

$ 1,000

Principal and interest settled upon issuance of equity | $

$ 17,893,750

EQUITY ISSUANCES - Black Schole

EQUITY ISSUANCES - Black Scholes Input Assumptions (Details) - Common Class A	Jun. 30, 2023 USD ($)
September 2022 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life (in years)	4 years 9 months
Fair value	$ 1,821,980
April 2023 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life (in years)	5 years 6 months
Fair value	$ 3,431,602
Expected volatility | September 2022 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input	1.288
Expected volatility | April 2023 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input	1.288
Risk-free interest rate | September 2022 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input	0.041
Risk-free interest rate | April 2023 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input	0.041
Expected dividend yield | September 2022 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input	0
Expected dividend yield | April 2023 And Pre-Funded Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input	0

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details)	6 Months Ended
	Jun. 30, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	2

SEGMENT REPORTING - Results fro

SEGMENT REPORTING - Results from Operating Segments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
OPERATING REVENUES:	$ 18,233,741	$ 29,739,943	$ 35,499,956	$ 59,121,593
NET OPERATING LOSS:	(15,579,531)	(39,538,089)	(30,195,644)	(68,469,303)
NET LOSS attributable to Class A common shareholders:	3,887,402	(700,485)	(28,157,047)	(4,075,687)
NET LOSS	(11,692,129)	(40,238,574)	(58,352,691)	(72,544,990)
DEPRECIATION AND AMORTIZATION:	(8,634,967)	(12,667,300)	(16,357,808)	(24,986,881)
Interest expense	(2,603,478)	(4,508,782)	(4,987,391)	(7,420,235)
Energy Operations
Segment Reporting Information [Line Items]
OPERATING REVENUES:	1,371,242	9,391,235	5,014,163	20,500,816
NET OPERATING LOSS:	(9,578,048)	(11,678,177)	(20,179,073)	(23,775,302)
DEPRECIATION AND AMORTIZATION:	(1,330,647)	(1,326,552)	(2,663,520)	(2,582,653)
Interest expense	(252,178)	(24,547)	(411,465)	(56,069)
Cryptocurrency Operations
Segment Reporting Information [Line Items]
OPERATING REVENUES:	16,862,499	20,348,708	30,485,793	38,620,777
NET OPERATING LOSS:	(6,001,483)	(27,859,912)	(10,016,571)	(44,694,001)
DEPRECIATION AND AMORTIZATION:	(7,304,320)	(11,340,748)	(13,694,288)	(22,404,228)
Interest expense	$ (2,351,300)	$ (4,484,235)	$ (4,575,926)	$ (7,364,166)

EARNINGS (LOSS) PER SHARE - Sch

EARNINGS (LOSS) PER SHARE - Schedule of Earnings (Loss) per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net loss	$ (11,692,129)	$ (40,238,574)	$ (58,352,691)	$ (72,544,990)
Net loss attributable to noncontrolling interest	(3,355,873)	(23,537,554)	(21,475,004)	(42,435,192)
Net loss attributable to Stronghold Digital Mining, Inc.	$ (8,336,256)	$ (16,701,020)	$ (36,877,687)	$ (30,109,798)
Denominator:
Weighted average number shares of Class A common shares outstanding (in shares)	6,163,450	2,034,107	5,274,471	2,027,468
Earnings per share:
Basic net loss per share (in USD per share)	$ (1.35)	$ (8.21)	$ (6.99)	$ (14.85)
Diluted net loss per share (in USD per share)	$ (1.35)	$ (8.21)	$ (6.99)	$ (14.85)

EARNINGS (LOSS) PER SHARE - Nar

EARNINGS (LOSS) PER SHARE - Narrative (Details) - shares	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 07, 2023	Aug. 07, 2023	Jun. 30, 2023	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)				5,393,000
At-The-Market Offering Agreement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock issued and sold during period (in shares)			760
At-The-Market Offering Agreement | Subsequent Event
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock issued and sold during period (in shares)	798,184	798,944

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)		3 Months Ended
	Apr. 01, 2021	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Tax receivable agreement, percentage	85%
Income tax expense (benefit)		$ 0	$ 0
Effective income tax rate		0%	0%

SUPPLEMENTAL CASH AND NON-CAS_3

SUPPLEMENTAL CASH AND NON-CASH INFORMATION (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Income tax payments	$ 0	$ 0
Interest payments	4,676,461	2,071,167
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Equipment financed with debt	0	59,537,733
Purchases of property, plant and equipment through finance leases	60,679	0
Purchases of property, plant and equipment included in accounts payable or accrued liabilities	24,137	43,102,870
Operating lease right-of-use assets exchanged for lease liabilities	291,291	0
Reclassifications from deposits to property, plant and equipment	4,658,970	3,473,096
Warrants – WhiteHawk	0	1,150,000
Warrants – convertible note	0	6,604,881
Warrants Issued, Private Placement	8,882,914	0
Extinguishment of convertible note	16,812,500	0
Extinguishment of accrued interest	655,500	0
Issuance of Series C convertible preferred stock, net of issuance costs	45,386,944	0
Warrants – B&M	1,739,882	0
Return of transformers to settle outstanding payable	6,007,500	0
Issuance of B&M Note	3,500,000	0
Elimination of accounts payable	11,426,720	0
Financed insurance premiums	1,275,288	523,076
Class A common stock issued to settle outstanding payables or accrued liabilities	$ 954,793	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event - Miner Equipment, A1346 Bitcoin Miners	Jul. 19, 2023 USD ($) miner
Subsequent Event [Line Items]
Number of miners purchased	2,000
Purchase price for miners | $	$ 2,962,337
Number of additional miners purchased	2,000