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Converting piles of waste coal back to land with bitcoin
Stronghold's CEO Greg Beard believes that the market is undervaluing his company versus other Bitcoin miners, but he thinks its thesis will be proven out in 2024. Why it matters: Stronghold is a publicly traded bitcoin mining firm operating in Pennsylvania that represents its work as "environmentally beneficial," because it powers its data center by burning off waste coal and reclaiming land for humans and wildlife. How it works: Stronghold describes itself as vertically integrated. The two pieces of the bitcoin mining equation are electricity and mining rigs. Stronghold can generate its own power and directly ... (full story)