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Video: What is a Stock Split?
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Stronghold Digital Mining is a vertically integrated crypto asset mining company focused on mining Bitcoin. Co. own and operate the Scrubgrass Plant, coal refuse power generation facility and it is recognized as an Alternative Energy System. Co. operates through two segments; Energy Operations and Cryptocurrency Operations. According to our Stronghold Digital Mining stock split history records, Stronghold Digital Mining has had 1 split. | |
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Stronghold Digital Mining (SDIG) has 1 split in our Stronghold Digital Mining stock split history database. The split for SDIG took place on May 16, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of SDIG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Stronghold Digital Mining conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Stronghold Digital Mining stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Stronghold Digital Mining shares, starting with a $10,000 purchase of SDIG, presented on a split-history-adjusted basis factoring in the complete Stronghold Digital Mining stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/20/2021 |
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End date: |
04/19/2024 |
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Start price/share: |
$289.00 |
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End price/share: |
$2.69 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.07% |
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Average Annual Total Return: |
-84.62% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$93.00 |
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Years: |
2.50 |
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Date |
Ratio |
05/16/2023 | 1 for 10 |
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