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The report helped ease fears of a delay in the Fed's rate-cut plans.
Stronghold Digital Mining, Inc. SDIG isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter see the details here. My name is Towanda, and I'll be your operator this morning. Before this call, Stronghold issued its results for the fourth quarter and full year of in a press release, which is available in the Investors section of the company's website at www. You can find a link in the Investors section at the top of the home page.
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Let's start on Slide 3. We believe that we have significant runway to continue hash rate growth within our existing infrastructure by high-grading our fleet. Russell 2,
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Stronghold Digital Mining, Inc. SDIG isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter see the details here. My name is Towanda, and I'll be your operator this morning. Before this call, Stronghold issued its results for the fourth quarter and full year of in a press release, which is available in the Investors section of the company's website at www. You can find a link in the Investors section at the top of the home page. Following their remarks, we will open the call for questions.
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The rally came a day after the launch of the first-ever bitcoin-linked exchange-traded fund. The ProShares Bitcoin Strategy ETF is expected to be the first of many such funds, making bitcoin accessible in a variety of ways to investors with a brokerage account. Greg Beard, Stronghold's CEO, said the company chose to go public through an IPO rather than going the special purpose acquisition company SPAC route, which has been an increasingly popular way to hit the market in the past couple years. Beard touted the credibility that comes with an IPO. Stronghold is vying in a competitive market that includes companies like Riot Blockchain , Marathon Digital , and Core Scientific, which will list its stock on the Nasdaq this year as part of a SPAC merger. The U. When Beijing decided to banish all its crypto miners , Stronghold co-founder Bill Spence saw an opening. Spence, a native of Pennsylvania, spent the past two decades cleaning up waste coal in his home state. He decided to pivot to bitcoin mining earlier this year to try and capture some of the market share that was up for grabs. Pennsylvania has been in the coal mining business since the lates.
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While we won't take a view on inflows representing potential demand, the halving will impact the supply side of the equation which all else equal, is quite constructive for future Bitcoin price. We remain confident in the strength of our business going into the halving and we believe that we have outstanding growth prospects through high-grading our fleet and developing carbon capture. Since announcing our carbon capture project in November our team has made significant progress improving our enhancing and validating our process. Moving on to Slide 6, to discuss Bitcoin market dynamics. As the halving approaches, we continue to focus on liquidity and debt service obligations. We are excited to announce that Puro Earth Registry registered the Scrubgrass facility in late February and the company will now undertake the audit process, which is the next step towards generating carbon capture related revenue. Sign In. Dow 30 38, We are exploring various avenues and structures to grow into this capacity. I would like to remind everyone this call is being recorded and will be made available for replay via a link available in the Investor Relations section of Stronghold's website. The report helped ease fears of a delay in the Fed's rate-cut plans.
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A reconciliation for those figures is included in the appendix. Before this call, Stronghold issued its results for the fourth quarter and full year of in a press release, which is available in the Investors section of the company's website at www. Silver The implied outcome here is extreme volatility and market tightness in the medium to long-term making existing baseload assets like Scrubgrass and Panther Creek highly valued. In November, we announced our Carbon Capture project, which is simply an extension of our reclamation process. Moving on to Slide 7. Russell 2, This is great for us, because it gives us the flexibility to opportunistically import electricity from the grid to power our miners and you can expect to see us do just that. I would like to remind everyone this call is being recorded and will be made available for replay via a link available in the Investor Relations section of Stronghold's website. Some statements we're making today may be considered forward-looking statements under securities law and involve a number of risks and uncertainties. Today's slide presentation, along with our earnings release and financial disclosures were posted to our website earlier today and can be accessed on our website at www. Your list is empty. Greg Beard : Thanks Matt.
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