In our view, the price an insider pays for shares is very important. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$0.57). Over the last year, we can see that the biggest insider purchase was by President Gregory Beard for US$1m worth of shares, at about US$1.66 per share. This means that a larger number of shares were purchased by insiders in relation to shares sold.Īlthough we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.Ĭheck out our latest analysis for Stronghold Digital Mining Stronghold Digital Mining Insider Transactions Over The Last Year Prior results do not guarantee a similar outcome.Viewing insider transactions for Stronghold Digital Mining, Inc.'s ( NASDAQ:SDIG ) over the last year, we see that insiders were net buyers. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.įollow us for updates on LinkedIn:, on Twitter: or on Facebook. You may also remain an absent class member and do nothing at this point. Until a class is certified, you are not represented by counsel unless you retain one. toll-free at 86 or email or for information on the class action. ![]() To join the Stronghold Digital Mining class action, go to or call Phillip Kim, Esq. When the true details entered the market, the lawsuit claims that investors suffered damages. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.ĭETAILS OF THE CASE: According to the lawsuit, the IPO Registration Statement was materially false and misleading and omitted to state: (1) contracted suppliers, including MinerVa, 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 Digital Mining would experience difficulties obtaining miners outside of confirmed purchase orders (3) as a result of the foregoing, there was a significant risk that Stronghold Digital Mining could not expand its mining capacity as expected (4) as a result, Stronghold Digital Mining would likely experience significant losses and (5) as a result, defendants’ statements about Stronghold Digital Mining’s business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. In 2019 alone the firm secured over $438 million for investors. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. ![]() Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. ![]() ![]() A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to serve as lead plaintiff, you must move the Court no later than June 13, 2022. A class action lawsuit has already been filed. WHAT TO DO NEXT: To join the Stronghold Digital Mining class action, go to or call Phillip Kim, Esq. SO WHAT: If you purchased Stronghold Digital Mining securities pursuant and/or traceable to the Registration Statement you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. (NASDAQ: SDIG) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s October 2021 initial public offering (“IPO”) of the important Jlead plaintiff deadline. NEW YORK–(BUSINESS WIRE)– WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Stronghold Digital Mining, Inc.
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