Stronghold Digital Mining, Inc. Loss Submission Form

Company: Stronghold Digital Mining, Inc.

Ticker: (NASDAQ) SDIG

Deadline

Passed

Lead Plaintiff Deadline: June 13, 2022

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Allegations

The filed complaint alleges that Stronghold Digital Mining, Inc. made materially false and/or misleading statements and/or failed to disclose that:

(1) contracted suppliers, including MinerVa Semiconductor Corp., were reasonably likely to miss anticipated delivery quantities and deadlines; (2) due to strong demand and pre-sold supply of mining equipment in the industry, Stronghold would experience difficulties obtaining miners outside of confirmed purchase orders; (3) as a result of the foregoing, there was a significant risk that Stronghold could not expand its mining capacity as expected; (4) as a result, Stronghold would likely experience significant losses; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.