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SDIG ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of June 13, 2022 in the Class Action Filed on Behalf of Stronghold Digital Mining, Inc. Shareholders

SDIG

NEW YORK, May 10, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Stronghold Digital Mining, Inc. (NASDAQ: SDIG) alleging that the Company violated federal securities laws.

This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Stronghold Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's October 2021 initial public offering.
Lead Plaintiff Deadline: June 13, 2022
No obligation or cost to you.

Learn more about your recoverable losses in SDIG:
https://www.kleinstocklaw.com/pslra-1/stronghold-digital-mining-inc-loss-submission-form?id=26956&from=4

Stronghold Digital Mining, Inc. NEWS - SDIG NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Stronghold Digital Mining, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) contracted suppliers, including MinerVa Semiconductor Corp., 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 would experience difficulties obtaining miners outside of confirmed purchase orders; (3) as a result of the foregoing, there was a significant risk that Stronghold could not expand its mining capacity as expected; (4) as a result, Stronghold would likely experience significant losses; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Stronghold Digital Mining, Inc. you have until June 13, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Stronghold Digital Mining, Inc. securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the SDIG lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/stronghold-digital-mining-inc-loss-submission-form?id=26956&from=4.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com

Cision View original content:https://www.prnewswire.com/news-releases/sdig-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-june-13-2022-in-the-class-action-filed-on-behalf-of-stronghold-digital-mining-inc-shareholders-301543128.html

SOURCE The Klein Law Firm