Stronghold Digital Mining Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,384	1,552	905.68	466.72
Revenue Growth (YoY)	53.62%	71.32%	94.05%	-
Cost of Revenue	542.2	457.3	277.96	135.73
Gross Profit	1,841	1,094	627.71	330.99
Selling, General & Admin	1,047	770.62	672.41	530.39
Research & Development	3,156	2,366	1,880	1,144
Other Operating Expenses	-194.77	-63.69	-40.55	-10.16
Operating Expenses	4,060	3,094	2,525	1,669
Operating Income	-2,219	-2,000	-1,897	-1,338
Interest Expense	-7.41	-8.65	-7.55	-4.71
Interest & Investment Income	383.23	167.47	104.53	28.24
Earnings From Equity Investments	-557.29	-112.07	-34.3	-2.53
Currency Exchange Gain (Loss)	7.75	-40.33	-264.66	11.08
Other Non Operating Income (Expenses)	4,677	-4,760	-6,655	-775.87
EBT Excluding Unusual Items	2,284	-6,754	-8,754	-2,082
Gain (Loss) on Sale of Investments	66.66	8.85	29.72	-5.29
Gain (Loss) on Sale of Assets	-	0.62	-	-3.14
Pretax Income	2,351	-6,744	-8,725	-2,090
Income Tax Expense	4.51	-5.08	-4.27	-26.65
Earnings From Continuing Operations	2,347	-6,739	-8,720	-2,064
Minority Interest in Earnings	0.07	0.03	1.02	2.26
Net Income	2,347	-6,739	-8,719	-2,061
Net Income to Common	2,347	-6,739	-8,719	-2,061
Shares Outstanding (Basic)	4,576	2,700	2,606	2,537
Shares Outstanding (Diluted)	13,413	2,700	2,606	2,537
Shares Change (YoY)	396.75%	3.60%	2.72%	-
EPS (Basic)	0.51	-2.50	-3.35	-0.81
EPS (Diluted)	-0.17	-2.50	-3.35	-0.81
Free Cash Flow	-517.12	-2,004	-1,754	-1,285
Free Cash Flow Per Share	-0.04	-0.74	-0.67	-0.51
Gross Margin	77.25%	70.53%	69.31%	70.92%
Operating Margin	-93.08%	-128.88%	-209.47%	-286.68%
Profit Margin	98.45%	-434.33%	-962.75%	-441.65%
Free Cash Flow Margin	-21.70%	-129.15%	-193.64%	-275.38%
EBITDA	-1,906	-1,763	-1,704	-1,234
EBITDA Margin	-79.98%	-113.62%	-188.18%	-264.39%
D&A For EBITDA	312.22	236.72	192.78	104.03
EBIT	-2,219	-2,000	-1,897	-1,338
EBIT Margin	-93.08%	-128.88%	-209.47%	-286.68%
Effective Tax Rate	0.19%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.