ghostintheDAO

ghostintheDAO

ghostintheDAO, the blockchain on top of "Love of Hate", "War and Peace" and "Decree".

Stronghold announces a deleveraging transaction to reduce debt and strengthen its balance sheet: On January 3, Bitcoin mining company Stronghold Digital Mining announced that it had signed a transaction agreement with the company's revised and restated 10% noteholders, All outstanding debt principal and interest accrued upon maturity of the notes of approximately $17.9 million will be paid off in exchange for new convertible preferred stock (Series C preferred stock) with a par value of approximately $23.1 million. The Series C Preferred Shares will be converted into shares of the Company's Class A common stock at a conversion price of $0.40 per share, or pre-funded warrants exercisable for shares of the Class A common stock. According to the transaction agreement, the latest transaction completion date is February 20, 2023.

As of December 31, 2022, Stronghold had approximately $12.4 million in unrestricted cash and approximately 6 bitcoins on hand. (Globenewswire) [2023/1/3 9:49:51]

Jack Dorsey suggested not to use Substack but to use decentralized content-ethexc platform Ghost: On January 30, former Twitter CEO Jack Dorsey said on Twitter that for those users who are still using Substack, decentralized content-ethexc can be used Platform Ghost. According to Jack Dorsey, Substack content-ethexc providers cannot get paid easily, the degree of freedom is not as great as that of Ghost, and the degree of centralization is relatively high. In contrast, Ghost has integrated the Bitcoin Lightning Network. [2022/1/30 9:22:50]

Bitcoin Mining Firm Stronghold Raises $105 Million To Turn Waste Coal Into Crypto Mining Electricity: On June 22, Pennsylvania-based Bitcoin mining firm Stronghold Digital Mining announced that it has raised a total of $105 million from two private placements and will Used for the purchase of waste coal cleaning equipment.

Stronghold uses coal waste to generate electricity, with bitcoin mining as an economic incentive. During the production process, Stronghold removed 90% of the harmful substances in the waste coal, and the resulting coal ash can be directly used as a fertilizer approved by the Pennsylvania Department of Agriculture. Stronghold uses waste recycling to offset carbon emissions, while other bitcoin mining companies choose to offset carbon emissions, or use hydroelectric power to improve sustainability. [2021/6/22 23:57:42]

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