EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share of Class A common stock for the years ended December 31, 2023, and 2022.


	For the years ended
	December 31, 2023		December 31, 2022
Numerator:
Net loss	$	(101,825,493)	$	(195,171,967)
Less: net loss attributable to noncontrolling interest	(30,428,749)		(105,910,737)
Plus: Deemed contribution from exchange of Series C convertible preferred stock	20,492,568		—
Net loss attributable to Stronghold Digital Mining, Inc.	$	(50,904,176)	$	(89,261,230)
Denominator:
Weighted average number of Class A common shares outstanding	6,821,173		2,584,907
Basic net loss per share	$	(7.46)	$	(34.53)
Diluted net loss per share	$	(7.46)	$	(34.53)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

ecurities that could potentially dilute earnings (loss) per share in the future were not included in the computation of diluted net loss per share for the years ended December 31, 2023, and 2022, because their inclusion would be anti-dilutive. The following table summarizes the potentially dilutive impact of such securities.


	December 31, 2023	December 31, 2022
Stock options	68,136	172,182
RSUs	1,659	31,996
Warrants (excluding those with a $0.01 exercise price)	3,865,910	571,850
Series C Preferred Stock not yet exchanged for shares of Class A common stock	1,497,500	—
Series D Preferred Stock not yet exchanged for shares of Class A common stock	1,414,117	—
Class V common shares not yet exchanged for shares of Class A common stock	2,405,760	2,605,760
Total potentially dilutive securities	9,253,082	3,381,788