0001628280-22-007706 | 10-K | XBRL Viewer | Stronghold Digital Mining INC

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BUSINESS COMBINATIONS	12 Months Ended
BUSINESS COMBINATIONS	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS Reorganization Stronghold Digital Mining, Inc. (“Stronghold Inc.” or the "Company") was incorporated as a Delaware corporation on March 19, 2021. On April 1, 2021, contemporaneously with the Series A Private Placement (as defined below), Stronghold Inc. underwent a corporate reorganization pursuant to a Master Transaction Agreement, which will be referred to herein as the “Reorganization.” Immediately prior to the Reorganization, Q Power LLC (“Q Power”) directly held all of the equity interests in Stronghold Digital Mining LLC (“SDM”), and indirectly held 70% of the limited partner interests, and all of the general partner interests, in Scrubgrass Reclamation Company, L.P. (f/k/a Scrubgrass Generating Company, L.P.) (“Scrubgrass LP”), through wholly owned subsidiaries EIF Scrubgrass LLC (“EIF Scrubgrass”), Falcon Power LLC (“Falcon”) and Scrubgrass Power LLC. Aspen Scrubgrass Participant, LLC ("Aspen") held the remaining 30% of the limited partner interests in Scrubgrass LP (the “Aspen Interest”). Scrubgrass LP is a Delaware limited partnership originally formed on December 1, 1990 under the name of Scrubgrass Generating Company, L.P. SDM is a Delaware limited liability company originally formed on February 12, 2020 under the name Stronghold Power LLC (“Stronghold Power”). On April 1, 2021 Stronghold Inc. entered into a Series A Preferred Stock Purchase Agreement pursuant to which Stronghold Inc. issued and sold 9,792,000 shares of Series A Convertible Redeemable Preferred Stock (the “Series A Preferred Stock”) in a private offering (the “Series A Private Placement”) at a price of $8.68 per share to various accredited individuals in reliance upon exemptions from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Regulation D thereunder for aggregate consideration of approximately $85.0 million. In connection with the Series A Private Placement, the Company incurred approximately $6.3 million in fees and $631,897 as debt issuance costs for warrants issued as part of the Series A Private Placement. Contemporaneously with the Reorganization, Stronghold Inc. acquired the Aspen Interest using 576,000 shares of newly issued Series A Preferred Stock and $2,000,000 from a portion of the proceeds from the Series A Private Placement. The acquisition of the Aspen Interest is a total consideration of $7,000,000 that consists of the $2,000,000 in cash plus a valuation of $5,000,000 for the 576,000 shares of the Series A Preferred Stock at the issuance per share price of $8.68, and are classified as permanent equity and not subject to mandatory redemptions as outlined in Stronghold Inc.'s certificate of incorporation, as amended (the “Charter”). Pursuant to the Reorganization, Q Power contributed all of its ownership interests in EIF Scrubgrass, Falcon and SDM to Stronghold Digital Mining Holdings LLC (“Stronghold LLC”) in exchange for 27,072,000 Class A common units of Stronghold LLC (“Stronghold LLC Units”), Stronghold Inc. contributed cash (using the remaining proceeds from the Series A Private Placement, net of fees, expenses and amounts paid to Aspen), 27,072,000 shares of Class V common stock of Stronghold Inc. and the Aspen Interest to Stronghold LLC in exchange for 10,368,000 preferred units of Stronghold LLC, and Stronghold LLC immediately thereafter distributed the 27,072,000 shares of Class V common stock to Q Power. In addition, effective as of April 1, 2021, Stronghold Inc. acquired 14,400 Stronghold LLC Units held by Q Power (along with an equal number of shares of Class V common stock) in exchange for 14,400 newly issued shares of Class A common stock. As a result of the Reorganization, the acquisition of the Aspen Interest and the acquisition of Stronghold LLC Units by Stronghold Inc. discussed above, (a) Q Power acquired and retained 27,057,600 Stronghold LLC Units, 14,400 shares of Class A common stock of Stronghold Inc., and 27,057,600 shares of Class V common stock of Stronghold Inc., effectively giving Q Power approximately 69% of the voting power of Stronghold Inc. and approximately 69% of the economic interest in Stronghold LLC, (b) Stronghold Inc. acquired 10,368,000 preferred units of Stronghold LLC and 14,400 Stronghold LLC Units, effectively giving Stronghold Inc. approximately 31% of the economic interest in Stronghold LLC, (c) Stronghold Inc. became the sole managing member of Stronghold LLC and is responsible for all operational, management and administrative decisions relating to Stronghold LLC’s business and will consolidate financial results of Stronghold LLC and its subsidiaries, (d) Stronghold Inc. became a holding company whose only material asset consists of membership interests in Stronghold LLC, and (e) Stronghold LLC directly or indirectly owns all of the outstanding equity interests in the subsidiaries through which we operate the Company's assets, including Scrubgrass LP and SDM. On May 14, 2021, the Company completed a private placement of shares of the Company’s Series B Convertible Redeemable Preferred Stock of Stronghold Inc. (the “Series B Preferred Stock,” and, together with the Series A Preferred Stock, the “Preferred Stock”) (the “Series B Private Placement,” and, together with the Series A Private Placement, the “Private Placements”). The terms of the Series B Preferred Stock are substantially similar to the Series A Preferred Stock, except for differences in the stated value of such shares in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company or certain deemed liquidation events. In connection with the Series B Private Placement, the Company sold 1,817,035 shares of its Series B Preferred Stock for an aggregate purchase price of $20.0 million. In connection with the Series B Private Placement, the Company incurred approximately $1.6 million in fees and expenses and $148,575 as debt issuance costs for warrants issued as part of the Series B Private Placement. Pursuant to the terms of the Preferred Stock, on (i) the date that a registration statement registering the shares of Class A common stock issuable upon the conversion of the Preferred Stock is declared effective by the U.S. Securities and Exchange Commission (the "SEC") or (ii) the date on which a “Significant Transaction Event” occurs, as defined in the Company's amended and restated certificate of incorporation, such shares of Preferred Stock will automatically convert into shares of Class A common stock of Stronghold Inc. on a one-to-one basis, subject to certain adjustments as set forth in the Charter. Correspondingly, pursuant to the Second Amended and Restated Limited Liability Company Agreement of Stronghold LLC, as amended from time to time (the “Stronghold LLC Agreement”), preferred units in Stronghold LLC automatically convert into Stronghold LLC Units on a one-to-one basis under like circumstances (subject to corresponding adjustments). On October 19, 2021, the registration statement registering the shares of Class A common stock issuable upon conversion of the Preferred Stock was declared effective by the SEC, and all of the outstanding shares of Preferred Stock converted into shares of Class A common stock at that time. Correspondingly, all of the preferred units in Stronghold LLC converted into Stronghold LLC Units. On June 29, 2021, Stronghold LLC formed Stronghold Digital Mining Equipment, LLC (“Equipment LLC”). On October 27, 2021, Stronghold Digital Mining Operating, LLC ("Operating LLC") formed Stronghold Digital Mining BT, LLC ("Digital Mining BT"). On December 10, 2021, Operating LLC formed Stronghold Digital Mining TH, LLC ("TH LLC"). Prior to the Reorganization Prior to the Reorganization date of April 1, 2021, Scrubgrass Generating Company, L.P. (“Scrubgrass”) existed as a Delaware limited partnership formed on December 1, 1990. Q Power LLC existed as a multi-member limited liability company and indirectly held limited and general partner interests of Scrubgrass. Additionally, Aspen, a wholly-owned subsidiary of Olympus Power, LLC (together with its affiliates “Olympus”), was a limited partner of Scrubgrass. Scrubgrass had two subsidiaries: Clearfield Properties, Inc. (“Clearfield”), which was formed for the purpose of purchasing a 175-acre site in Clearfield County, Pennsylvania, and acquiring access to certain coal material; and Leechburg Properties, Inc. (“Leechburg”), which was formed for the purpose of acquiring access rights to certain waste coal sites. Leechburg was a dormant entity as of December 31, 2021 and 2020. Pursuant to an equity Assignment and Assumption agreement dated September 24, 2020, Q Power assigned a 50%-member interest to a second individual. As a result, two individuals were the sole members of Q Power. Stronghold Power was established on February 12, 2020 as a Delaware limited liability company and is 100% owned by Q Power. Stronghold Power was created to pursue opportunities involving cryptocurrency mining as well as providing hosting services for third-party miners. Scrubgrass and Stronghold Power were under common control prior to the Reorganization date of April 1, 2021, and consolidated results reported as of December 31, 2020, and included in the consolidated results for the year ended December 31, 2021 and 2020.

EQUIPMENT DEPOSITS - Schedule of Equipment Deposits (Details)	Dec. 31, 2021 USD ($) miner	Dec. 21, 2021 USD ($)	Dec. 16, 2021 USD ($) miner	Dec. 07, 2021 USD ($) miner	Dec. 01, 2021 USD ($)	Nov. 01, 2021 USD ($)	Oct. 01, 2021 USD ($)	Sep. 01, 2021 USD ($)	Aug. 01, 2021 USD ($)	Jul. 01, 2021 USD ($)	Jun. 01, 2021 USD ($)	May 01, 2021 USD ($)	Apr. 14, 2021 miner	Apr. 02, 2021 USD ($) miner	Apr. 01, 2021 USD ($) miner	Dec. 31, 2020 USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Count \| miner	43,580
Total Commitments	$ 190,449,776
Unpaid	(44,191,094)
Transferred to PP&E	(15,259,284)
Equipment deposits	$ 130,999,398															$ 0
Minerva, MinerVA
Unrecorded Unconditional Purchase Obligation [Line Items]
Count \| miner	15,000													15,000
Total Commitments	$ 69,387,550	$ 69,387,550												$ 73,387,500
Unpaid	0
Transferred to PP&E	(4,542,572)
Equipment deposits	64,844,978
Refund	$ 3,999,980
Cryptech, Bitmain
Unrecorded Unconditional Purchase Obligation [Line Items]
Count \| miner	2,400			1,000											2,400
Total Commitments	$ 12,660,000			$ 8,592,000				$ 7,807,000	$ 8,018,000	$ 8,229,000	$ 8,440,000	$ 8,651,000		8,862,000	$ 12,660,000
Unpaid	(5,591,500)				$ (5,591,500)	$ (6,330,000)	$ (7,068,500)							$ (8,862,000)
Transferred to PP&E	0
Equipment deposits	$ 7,068,500
Northern Data, MicroBT
Unrecorded Unconditional Purchase Obligation [Line Items]
Count \| miner	9,900												9,900
Total Commitments	$ 22,061,852
Unpaid	0
Transferred to PP&E	(10,716,712)
Equipment deposits	$ 11,345,140
Bitmain Technologies Limited, Antminer
Unrecorded Unconditional Purchase Obligation [Line Items]
Count \| miner	12,000
Total Commitments	$ 75,000,000
Unpaid	(35,764,500)
Transferred to PP&E	0
Equipment deposits	$ 39,235,500
Northern Data PA. LLC, WharsMiners
Unrecorded Unconditional Purchase Obligation [Line Items]
Count \| miner	4,280		4,280
Total Commitments	$ 11,340,374		$ 11,340,373
Unpaid	(2,835,094)
Transferred to PP&E	0
Equipment deposits	$ 8,505,280

SEGMENT REPORTING - Narrative (Details)	12 Months Ended
SEGMENT REPORTING - Narrative (Details)	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| segment	2
Assets	$ 354,621,269	$ 9,362,314
Energy Operations
Segment Reporting Information [Line Items]
Assets	15,714,151
Cryptocurrency Operations
Segment Reporting Information [Line Items]
Assets	$ 338,907,119

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (27,255,329)	$ (144,994)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and Amortization	7,607,721	558,630
Accretion of asset retirement obligation	0	21,821
Forgiveness of PPP loan	(638,800)	(10,000)
Realized loss on sale of derivatives	0	505,747
Realized gain on sale of digital currencies	(149,858)	(31,810)
Write-off of bad debts	244,924
Amortization of debt issuance costs	1,404,732	0
Stock Compensation	4,015,324	0
Impairments on digital currencies	1,870,274	0
Changes in fair value of warrant liabilities	1,143,809	0
Changes in fair value of forward sale derivative	116,488	0
(Increase) decrease in assets:
Digital currencies	(12,494,581)	(339,456)
Accounts receivable	(1,176,239)	70,618
Prepaid Insurance	588,808	0
Due from related party	302,973	(302,975)
Inventory	(1,417,689)	132,591
Other current assets	(2,619,911)	(7,871)
Increase (decrease) in liabilities:
Accounts payable	17,395,556	546,719
Due to related parties	268,182	(448,868)
Accrued liabilities	4,981,013	(2,929)
Contract liabilities	147,835	40,000
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(5,664,768)	587,223
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of digital currencies	584,387	158,615
Acquisition of Panther Creek, net of cash acquired	(3,914,362)	0
Purchase of land	(21,439)	0
Purchase of reclamation bond	(26,712)	0
Purchase of property, plant and equipment; including construction in progress	(122,640,861)	(1,986,401)
Equipment purchase deposits	(130,999,398)	0
NET CASH USED IN INVESTING ACTIVITIES	(257,018,385)	(1,827,786)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on long-term debt	(16,283,900)	(292,292)
Payments on financed insurance premiums	(2,590,788)	0
Proceeds from promissory note	39,100,000	0
Proceeds from master equipment financing agreements	41,435,466	0
Proceeds from equipment financed	517,465	0
Proceeds from PPP loan	841,670	638,800
Proceeds from private placements net of fees	96,786,629	0
Initial Public Offering proceeds, net of fees	131,537,789	0
(Payments) proceeds on EIDL Loan	(150,000)	160,000
(Repayments) proceeds on related-party notes	(2,024,250)	2,024,250
Buyout of Aspen Interest	(2,000,000)	0
Forward sale contract prepayment	7,000,000	0
Distributions paid	0	(1,121,151)
NET CASH PROVIDED BY FINANCING ACTIVITIES	294,170,081	1,409,607
NET INCREASE IN CASH	31,486,928	169,044
CASH - BEGINNING OF YEAR	303,187	134,143
CASH - END OF YEAR	$ 31,790,115	$ 303,187

SEGMENT REPORTING - Schedule of Assets, Operating Segments (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Cash	$ 31,790,115	$ 303,187
Cryptocurrencies	10,417,865
Accounts receivable	2,111,855	65,900
Prepaid Insurance	6,301,701	0
Inventory	3,372,254	396,892
Other current assets	661,640	65,831
Security Deposits	348,888	0
Equipment deposits	130,999,398	0
Property, plant and equipment, net	166,657,155	7,814,199
Land	1,748,440	0
Bonds	211,958	185,245
TOTAL ASSETS	354,621,269	$ 9,362,314
Energy Operations
Segment Reporting Information [Line Items]
Cash	714,019
Cryptocurrencies	0
Accounts receivable	256,103
Prepaid Insurance	3,150,851
Inventory	3,372,254
Other current assets	0
Security Deposits	348,888
Equipment deposits	0
Property, plant and equipment, net	5,911,638
Land	1,748,440
Bonds	211,958
TOTAL ASSETS	15,714,151
Cryptocurrency Operations
Segment Reporting Information [Line Items]
Cash	31,076,096
Cryptocurrencies	10,417,865
Accounts receivable	1,855,752
Prepaid Insurance	3,150,851
Inventory	0
Other current assets	661,640
Security Deposits	0
Equipment deposits	130,999,398
Property, plant and equipment, net	160,745,517
Land	0
Bonds	0
TOTAL ASSETS	$ 338,907,119

SUPPLEMENTAL CASH AND NON-CASH INFORMATION

12 Months Ended

Dec. 31, 2021

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH AND NON-CASH INFORMATION

Supplementary cash flows disclosures as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Equipment financed with debt	$	45,793,381	$	931,890
Interest Paid	$	1,195,692	$	205,480

Supplementary non-cash financing activities as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Issued as part of equipment debt financing:
Warrants- WhiteHawk	$	1,999,396	$	—
Common Class A shares- NYDIG	1,389,888		—
Warrants issued as part of stock registrations- B.Riley Warrants	780,472		—
Series A redeemable and convertible preferred stock- Aspen Interest buyout	5,000,000		—
Series A redeemable and convertible preferred stock units- Panther Creek Acquisition	38,315,520		—
Premium Financing	6,890,509		—
Total	$	54,375,785	$	—

REDEEMABLE COMMON STOCK (Tables)

12 Months Ended

Dec. 31, 2021

Temporary Equity Disclosure [Abstract]

Schedule of Net Mezzanine Equity

The following is a summary of the Series A and Series B valuations and conversions to common equity:


	Series A		Series B
Proceeds	$	85,000,000	$	20,000,305
Transaction Fees (1):
B. Riley Securities	(5,100,000)		(1,200,000)
Legal and Filing Fees	(1,226,990)		(408,997)
Debt issuance costs pertaining to stock registration warrants - refer to Note 14	(631,897)		(148,575)
Total net mezzanine equity	$	78,041,113	$	18,242,733
Conversion to common Class A shares	$	(78,041,113)	$	(18,242,733)
Remaining in net mezzanine equity	$	—	$	—

The Company recorded redeemable common stock as presented in the table below:



	Non- controlling Interest(1)		Series A			Series B		Common Class V
			Preferred Shares	Amount		Amount		Shares	Amount		Total
Balance - December 31, 2020	$	(2,710,323)	—	$	—	$	—	—	$	—	$	(2,710,323)
Net loss - January 1 to March 31, 2021	(167,261)		—	—		—		—	—		(167,261)
Balance prior to the reorganization on April 1, 2021	(2,877,584)										(2,877,584)
Effect of reorganizations
Exchange of common shares - Class V	—		—	—		—		27,072,000	—		—
Buyout of Aspen Interest	—		576,000	58		—		—	—		58
Converted to Common Class A	—		(576,000)	(58)		—		—	—		(58)
Issuance of Series A convertible redeemable preferred units	—		9,792,000	78,673,010		—		—	—		78,673,010
Warrants issued as part of stock registrations	—		—	(631,897)		—		—	—		(631,897)
Conversion of Series A convertible redeemable preferred units to common stock	—		(9,792,000)	(78,041,113)		—		—	—		(78,041,113)
Exchange of common units for Class A common shares	—		—	—		—		(14,400)	—		—
Issuance of Series B convertible redeemable preferred units	—		—	—		18,391,308		—			18,391,308
Net losses for the three months ended Warrants issued as part of stock registrations	—		—	—		(148,575)		—	—		(148,575)
Net losses for the three months ended Conversion of Series B convertible redeemable preferred units to common stock	—		—	—		(18,242,733)		—	—		(18,242,733)
Net losses for the nine months ended December 31, 2021	(15,157,875)		—	—		—		—	—		(15,157,875)
Maximum redemption right valuation	18,035,459		—	—		—		—	301,052,617		319,088,076
Balance- December 31, 2021	$	—	—	$	—	$	—	27,057,600	$	301,052,617	$	301,052,617

_______________

1Refer to Note 16- Non-controlling Interests for further discussions

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($)	Dec. 31, 2021	Oct. 21, 2021	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 73,874,963			$ 931,890
Outstanding loans	50,099,372			449,447
Deferred debt issuance costs	2,854,787			0
Discounts from issuance of stock	1,042,416			0
Discounts from issuance of warrants	1,499,547			0
Long-term debt less current portions, deferred costs, & discounts	18,378,841			482,443
Loans payable \| $66,076 loan, with interest at 5.55%, due July 2021.
Debt Instrument [Line Items]
Debt face amount	$ 66,076
Interest rate	5.55%
Long-term debt, gross	$ 3,054			16,440
Loans payable \| $75,000 loan, with interest at 12.67%, due April 2021.
Debt Instrument [Line Items]
Debt face amount	$ 75,000
Interest rate	12.67%
Long-term debt, gross	$ 7,312			14,934
Loans payable \| $142,000 loan, with interest at 11.21%, due April 2021.
Debt Instrument [Line Items]
Debt face amount	$ 142,000
Interest rate	11.21%
Long-term debt, gross	$ 0			18,056
Loans payable \| $70,000 loan, with interest at 11.92%, due April 2021.
Debt Instrument [Line Items]
Debt face amount	$ 70,000
Interest rate	11.92%
Long-term debt, gross	$ 0			8,974
Loans payable \| $499,520 loan, with interest at 2.49% due December 2023.
Debt Instrument [Line Items]
Debt face amount	$ 499,520
Interest rate	2.49%
Long-term debt, gross	$ 232,337			333,599
Loans payable \| $499,895 loan, with interest at 2.95% due July 2023.
Debt Instrument [Line Items]
Debt face amount	$ 499,895
Interest rate	2.95%
Long-term debt, gross	$ 246,720			371,490
Loans payable \| $212,675 loan, with interest at 6.75% due October 2022.
Debt Instrument [Line Items]
Debt face amount	$ 212,675
Interest rate	6.75%
Long-term debt, gross	$ 103,857			168,397
Loans payable \| $517,465 loan, with interest at 4.78% due October 2024.
Debt Instrument [Line Items]
Debt face amount	$ 517,465
Interest rate	4.78%
Long-term debt, gross	$ 490,600			0
Loans payable \| $431,825 loan, with interest at 7.60% due April 2024.
Debt Instrument [Line Items]
Debt face amount	$ 431,825
Interest rate	7.60%
Long-term debt, gross	$ 204,833			0
Loans payable \| financing agreement for insurance with interest at 3.45% due July 2022.
Debt Instrument [Line Items]
Interest rate	3.45%	3.454%
Long-term debt, gross	$ 4,299,721	$ 5,500,000		0
Loans payable \| $40,000,000 loan, with interest at 10.00% due June 2023.
Debt Instrument [Line Items]
Debt face amount	$ 40,000,000		$ 40,000,000
Interest rate	10.00%		10.00%
Long-term debt, gross	$ 30,734,045			0
Long-term debt, term	24 months
Amendment fee	$ 250,000
Loans payable \| $10,641,362 loan, with interest at 10.00% due June 2023.
Debt Instrument [Line Items]
Debt face amount	$ 10,641,362
Interest rate	10.00%
Long-term debt, gross	$ 8,176,302			0
Long-term debt, term	24 months
Loans payable \| $14,077,800 loan, with interest at 10.00% due June 2023.
Debt Instrument [Line Items]
Debt face amount	$ 14,077,800
Interest rate	10.00%
Long-term debt, gross	$ 10,816,694			0
Long-term debt, term	24 months
Loans payable \| $17,984,000 maximum advance loan, interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.
Debt Instrument [Line Items]
Debt face amount	$ 17,984,000
Interest rate	9.99%
Long-term debt, gross	$ 10,790,400			0
Long-term debt, term	24 months
Deferred debt issuance costs	$ 449,600
Loans payable \| $17,984,000 maximum advance loan, with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.
Debt Instrument [Line Items]
Debt face amount	$ 17,984,000
Interest rate	9.99%
Long-term debt, gross	$ 7,769,088			0
Long-term debt, term	24 months
Deferred debt issuance costs	$ 449,600
Loans payable \| $17,984,000 maximum advance loan, 2022 with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.
Debt Instrument [Line Items]
Debt face amount	$ 17,984,000
Interest rate	9.99%
Long-term debt, gross	$ 0			$ 0
Long-term debt, term	24 months
Deferred debt issuance costs	$ 449,600

PROVISIONS FOR INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)	$ 0	$ 0
Net deferred tax assets	0	0
Valuation allowance	10,243,600	0
Deferred income tax expense (benefit)	0	$ 0
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	27,700,000
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 5,700,000

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

EARNINGS (LOSS) PER SHARE - Potentially Dilutive Securities (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	28,209,600	0
Preferred Stock \| Redeemable Convertible Preferred Stock, Series A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,152,000
Common Stock - Class V \| Common Class V
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	27,057,600

STOCK-BASED COMPENSATION - Narrative (Details)	12 Months Ended
STOCK-BASED COMPENSATION - Narrative (Details)	Dec. 31, 2021 USD ($) employee $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Oct. 19, 2021 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 4,015,324	$ 0
Stock compensation expense, tax benefit	0
Cost not yet recognized	$ 21,984,773
Outstanding share options (in shares) \| shares	3,379,083	0
New Long-Term Incentive Plan (the “New LTIP”)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) \| shares			4,752,000
Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 3,842,524	$ 0
Expected dividend yield	0.00%
Cost not yet recognized, period for recognition	2 years 6 months 3 days
Share-based Payment Arrangement, Option \| New Long-Term Incentive Plan (the “New LTIP”)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period from grant date	10 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in shares) \| shares	60,737	0
Grant date fair value (in USD per share) \| $ / shares	$ 11.10	$ 0
Stock compensation expense	$ 172,800	$ 0
Cost not yet recognized, period for recognition	1 year 9 months 18 days
Unrecognized compensation expense	$ 610,106
Restricted Stock Units \| New Long-Term Incentive Plan (the “New LTIP”)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in shares) \| shares	60,737
Nonvested, number of employee awarded awards \| employee	6
Grant date fair value (in USD per share) \| $ / shares	$ 11.10
Award vesting period	10 years

PREPAID INSURANCE	12 Months Ended
PREPAID INSURANCE	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID INSURANCE	PREPAID INSURANCE As of December 31, 2021 and 2020, the Company had an unamortized prepaid insurance balance of $6,301,701 and $0, respectively. The December 31, 2021 unamortized balance consists of $5,519,816 to cover Directors and Officers including corporate reimbursement ("D&O Policy"); and various commercial property and risk coverages totaling $781,885. The D&O Policy was a financed premium (refer to Note 29 - Premium Financing Agreement) in the amount of $6,890,509 less a $1,378,102 down payment. The term of the policy is 12 months and expires October 19, 2022. The monthly amortization to insurance expense is $574,209 per month. The commercial property and risk coverages vary in policy term expirations and are renewable on an annual basis.

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Activities of Digital Currencies

The following table presents the activities of the digital currencies for the years ended December 31, 2021 and December 31, 2020:


	December 31, 2021		December 31, 2020

Digital currencies at beginning of year	$	228,087	$	15,436
Additions of digital currencies	12,494,581		339,456
Realized gain on sale of digital currencies	149,858		31,810
Impairments	(1,870,274)		—
Proceeds from sale of digital currencies	(584,387)		(158,615)
Digital currencies, including restricted amounts	$	10,417,865	$	228,087

EQUIPMENT DEPOSITS - Narrative (Details)	12 Months Ended
EQUIPMENT DEPOSITS - Narrative (Details)	Dec. 31, 2021 USD ($) miner vendor	Dec. 07, 2021 miner	Apr. 01, 2021 miner	Dec. 31, 2020 USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of vendors \| vendor	5
Number of miners	43,580
Equipment deposits \| $	$ 130,999,398			$ 0
Miner Equipment, Cryptech, Bitmain
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners	2,400	1,000	2,400
Number of miners per month	200		200
Equipment deposits \| $	$ 7,068,500

RELATED-PARTY TRANSACTIONS - Amounts Due to Related Parties (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Due to related parties	$ 1,430,660	$ 698,338
Affiliated Entity \| Coal Valley Properties, LLC
Related Party Transaction [Line Items]
Due to related parties	134,452	188,338
Affiliated Entity \| Q Power LLC
Related Party Transaction [Line Items]
Due to related parties	500,000	510,000
Affiliated Entity \| Coal Valley Sales, LLC
Related Party Transaction [Line Items]
Due to related parties	202,334	$ 0
Affiliated Entity \| Panther Creek Energy Services
Related Party Transaction [Line Items]
Due to related parties	94,434
Affiliated Entity \| Panther Creek Fuel Services
Related Party Transaction [Line Items]
Due to related parties	47,967
Affiliated Entity \| Northampton Generating Co LP
Related Party Transaction [Line Items]
Due to related parties	321,738
Affiliated Entity \| Olympus Services LLC
Related Party Transaction [Line Items]
Due to related parties	$ 129,735

NON-CONTROLLING INTERESTS - Narrative (Details) - vote		12 Months Ended
NON-CONTROLLING INTERESTS - Narrative (Details) - vote	Apr. 01, 2021	Dec. 31, 2021
Noncontrolling Interest [Line Items]
Conversion ratio	100.00%	100.00%
Redemption ratio		100.00%
Stronghold LLC
Noncontrolling Interest [Line Items]
Ownership interest	69.00%	2.40%
Number of votes		1

RENEWABLE ENERGY CREDITS	12 Months Ended
RENEWABLE ENERGY CREDITS	Dec. 31, 2021
Renewable Energy Credits [Abstract]
RENEWABLE ENERGY CREDITS	RENEWABLE ENERGY CREDITS Starting late in 2020 and for the year ended December 31, 2021, the Company significantly increased the use of coal refuse as the plant increased megawatt capacity. The plant was relatively dormant during the comparative periods ended December 31, 2020. As a result, the Company's usage of coal refuse, which is classified as a Tier II Alternative Energy Source under Pennsylvania law, significantly increased. DEBM acts as the benefactor, on behalf of the Company, in the open market and is invoiced as RECs are realized based on this open market measured by consumer demands. The Company records an offset to fuel costs when RECs are sold to third parties. RECs offset against the costs of fuel operating costs were $(1,736,071) and $(35,493) for the years ended December 31, 2021 and 2020 respectively.

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Management has evaluated events and transactions subsequent to the balance sheet date through the date of this report (the date the financial statements were available to be issued) for potential recognition or disclosure in the financial statements. Except as disclosed in the following sections, management has not identified any items requiring recognition or disclosure. Equipment Financing Arctos Credit LLC (NYDIG) On January 31, 2022, Stronghold and NYDIG ABL LLC (f/k/a Arctos Credit, LLC), amended the NYDIG Financing Agreement (the “NYDIG Amendment”) to include (i) 2,140 MicroBT WhatsMiner M30S+ miners and (ii) 2,140 MicroBT WhatsMiner M30S miners purchased by Stronghold Inc. pursuant to a purchase agreement dated December 16, 2021, totaling $12,622,816 of additional borrowing capacity. Stronghold will pay an aggregate closing fee of $504,912 to NYDIG. The NYDIG Amendment requires that the Company maintain a blocked wallet or other account for deposits of all Mined Currency.] In February 2022, the Company received the additional borrowing of $12,622,816 less the $504,912 in closing fees. NYDIG ABL LLC In January and February of 2022, the Company has drawn three additional tranches of the Second NYDIG Financing Agreement with NYDIG whereby NYDIG agreed to lend up to $53,952,000 (excluding debt issuance costs) . The total of these tranches are $10,664,512. Including the $18,559,488 (excluding debt issuance costs) advanced as of December 31, 2021 the total advanced against the $53,952,000 is now $29,224,000. Or a remainder of $24,728,000 not advanced as of this filing. WhiteHawk Finance LLC On June 30, 2021, Equipment LLC entered into the WhiteHawk Financing Agreement with WhiteHawk whereby WhiteHawk originally agreed to lend to Equipment LLC an aggregate amount not to exceed $40.0 million to finance the purchase of certain Bitcoin miners and related equipment. The WhiteHawk Financing Agreement originally contained terms requiring that the 15,000 miners being purchased pursuant to the MinerVa Purchase Agreement be delivered on or before December 31, 2021. MinerVa did not deliver all of the miners under the MinerVa Purchase Agreement by the December 31, 2021 deadline. On December 31, 2021, Equipment LLC and WhiteHawk entered into the WhiteHawk Amendment to extend the final MinerVa delivery date from December 31, 2021 to April 30, 2022. We have received around 3,200 of the miners to date. On March 28, 2022, Equipment LLC and WhiteHawk again amended the WhiteHawk Financing Agreement (the "Second WhiteHawk Amendment") to exchange the collateral under the WhiteHawk Financing Agreement. Pursuant to the Second WhiteHawk Amendment, (i) the approximately 11,700 remaining miners under the MinerVa Purchase Agreement will be exchanged as collateral for additional miners received by us from various suppliers and (ii) WhiteHawk agreed to lend to us an additional amount not exceed $25.0 million to finance certain previously purchased Bitcoin miners and related equipment (the "Second Total Advance"). Pursuant to the Second WhiteHawk Amendment, Equipment, LLC paid an amendment fee in the amount of $275,414.40 and a closing fee with respect to the Second Total Advance of $500,000. In addition to the purchased Bitcoin miners and related equipment, Panther Creek and Scrubgrass each agreed to a negative pledge of the Panther Creek Plant and Scrubgrass Plant, respectively, and guaranteed the WhiteHawk Finance Agreement. Each of the negative pledge and the guaranty by Panther Creek and Scrubgrass will be released upon payment in full of the Second Total Advance, regardless of whether the Total Advance remains outstanding. In conjunction with the Second WhiteHawk Amendment, we issued a warrant to WhiteHawk, to purchase 125,000 shares of Class A common stock, subject to certain antidilution and other adjustment provisions as described in the warrant agreement, at an exercise price of $0.01 per share (the “Second WhiteHawk Warrant”). The Second WhiteHawk Warrant expires on March 28, 2032. While we continue to engage in discussions with MinerVa on the delivery of the remaining miners, we do not know when the remaining miners will be delivered, if at all. Non-employee Directors Compensation Policy On January 10, 2022, the Compensation Committee formally adopted the previously approved Policy, effective October 19, 2021 (refer to Note 31 - Non-Employee Directors Compensation Policy). This policy includes the following: –An initial equity grant of 10,000 stock options; –An annual retainer equal to $100,000, which will be paid in fully-vested shares of our Class A common stock on a quarterly basis in arrears; –Once a non-employee director obtains exposure to our Class A common stock of $500,000 or greater, a director may choose to receive the annual retainer in USD or any other currency (including Bitcoin); and –Reimbursement for travel expenses and other reasonable out-of-pocket expenses. On January 11, 2022, the Company authorized the Transfer Registrant and Registrar to issue 4,811 shares of common Class A stock to four non-employee Directors. Asset Purchase Agreement On January 3, 2022, the Company effected an Asset Purchase Agreement with Treis Blockchain LLC ("Seller") at an initial purchase price of $7,000,000; adjusted up or down at close based on certain miner revenue performance during a period prior to the close date, "assigned values" of agreements assumed; and certain stipulations around future Bitcoin market prices after the sales date (as described below) (the "Treis Blockchain Agreement"). The Company anticipates this purchase to qualify as an asset acquisition that also assumes all liabilities from the Seller. As part of this agreement, the Company acquires: (a) at least 1,000 MicroBT Whatsminer M20S cryptocurrency miners with aggregate hash rate capacity equal to at least 60 petahash per second and average efficiency of better than 60 joules per terahash (the “Miners”); (b) five (5) containers, of which (i) three (3) are forty-foot containers with three 600-amp panels and Raritan PX2-5956XV power distribution units and can power 240 MicroBT Whatsminer Bitcoin miners, (ii) one (1) is a forty-foot container with two 600-amp panels and Raritan PX2-5956XV power distribution units and can power 144 MicroBT Whatsminer Bitcoin miners, and (iii) one (1) is a Digital Shovel container with five data pods and one power pod and can power 405 MicroBT Whatsminer Bitcoin miners (the “Containers”);(c) all fixtures, equipment, machinery, supplies, parts, and other inventories located in the Containers (“Inventory”); (d) all contracts (the “Assigned Contracts”) all of Seller’s rights under warranties, indemnities, and all similar rights against third parties to the extent related to any Purchased Assets; (f) all insurance benefits, including rights and proceeds, arising from or relating to the Purchased Assets or the Assumed Liabilities; and (g) all goodwill and the going concern value of the Purchased Assets as defined in the Treis Blockchain Agreement. In the event that the average daily price of Bitcoin per Coinbase Global Inc. exceeds $100,000 for a period of at least fifteen (15) consecutive days prior to April 3, 2022, the Company shall make a one-time payment to Seller in the amount of $200,000.00 within five (5) business days of the date on which the average daily price of Bitcoin per Coinbase Global Inc. exceeds $100,000 for a fifteenth (15th) consecutive day. For the avoidance of doubt, in the event that the average daily price of Bitcoin per Coinbase Global Inc. does not exceed $100,000.00 for a period of fifteen (15) consecutive days prior to April 3, 2022, no payment shall be owed from the Company to Seller. Northern Data On March 28, 2022, we restructured the Hosting Agreement to obtain an additional 2,675 miners at cost of $37.5/T and temporarily reduced the profit share for Northern Data while incorporating performance thresholds until the data center build-out is complete.

PREMIUM FINANCING AGREEMENT

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consisted of the following as of:


	December 31, 2021			December 31, 2020
$66,076 loan, with interest at 5.55%, due July 2021.	$	3,054		$	16,440
$75,000 loan, with interest at 12.67%, due April 2021.	7,312			14,934
$142,000 loan, with interest at 11.21%, due April 2021.	—			18,056
$70,000 loan, with interest at 11.92%, due April 2021.	—			8,974
$499,520 loan, with interest at 2.49% due December 2023.	232,337			333,599
$499,895 loan, with interest at 2.95% due July 2023.	246,720			371,490
$212,675 loan, with interest at 6.75% due October 2022.	103,857			168,397
$517,465 loan, with interest at 4.78% due October 2024.	490,600			—
$431,825 loan, with interest at 7.60% due April 2024.	204,833			—
financing agreement for insurance with interest at 3.45% due July 2022.	4,299,721			—
$40,000,000 loan, with interest at 10.00% due June 2023.	30,734,045		[A]	—
$10,641,362 loan, with interest at 10.00% due June 2023.	8,176,302		[B]	—
$14,077,800 loan, with interest at 10.00% due June 2023.	10,816,694		[C]	—
$17,984,000 maximum advance loan, interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	10,790,400		[D]	—
$17,984,000 maximum advance loan, with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	7,769,088		[E]	—
$17,984,000 maximum advance loan, 2022 with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	—		[F]	—
	73,874,963			931,890
Less current portions, deferred costs, & discounts
Outstanding loans	50,099,372			449,447
Deferred debt issuance costs	2,854,787			—
Discounts from issuance of stock	1,042,416			—
Discounts from issuance of warrants	1,499,547			—
	$	18,378,841		$	482,443

[A] The WhiteHawk Promissory Note has a term of 24 months. Refer to Note 14 – Stock Issued Under Financing Agreements and Warrants for further discussions. On December 31, 2021, the Company amended the WhiteHawk Financing Agreement (the “WhiteHawk Amendment”) to extend the final MinerVa delivery date from December 31, 2021 to April 30, 2022. Pursuant to the WhiteHawk Amendment, Equipment paid an amendment fee in the amount of $250,000 to WhiteHawk. These fees are included in deferred debt issuance costs.

[B] Arctos/NYDIG Financing Agreement [loan #1] with a term of 24. Refer to Note 14 - Stock Issued Under Financing Agreements and Warrants for further discussions. Refer to Note 32 - Subsequent Events for details of the amendment to this agreement.

[C] Arctos/NYDIG Financing Agreement [loan #2] with a term of 24. Refer to Note 14 - Stock Issued Under Financing Agreements and Warrants for further discussions. Refer to Note 32 - Subsequent Events for details of the amendment to this agreement.

[D] NYDIG ABL Master Equipment Finance Agreement with a term of 24. Deferred debt issuance costs of $449,600 are amortized over the term of the loan using the straight-line method. Refer to Note 32 - Subsequent Events for further advances after December 31, 2021.

[E] NYDIG ABL Master Equipment Finance Agreement with a term of 24. Deferred debt issuance costs of $449,600 are amortized over the term of the loan using the straight-line method. Refer to Note 32 - Subsequent Events for further advances after December 31, 2021.

[F] NYDIG ABL Master Equipment Finance Agreement with a term of 24. Deferred debt issuance costs of $449,600 are amortized over the term of the loan using the straight-line method. Refer to Note 32 - Subsequent Events for further advances after December 31, 2021.

Future scheduled maturities on the outstanding borrowings for each of the next three years as of December 31, 2021 are as follows:


Years ending December 31:
2022	$	51,777,764
2023	21,955,328
2024	141,871
	$	73,874,963

PAYCHECK PROTECTION PROGRAM LOAN, ECONOMIC INJURY DISASTER LOAN

On March 16, 2021, the Company received a round two Paycheck Protection Program ("PPP") loan in the amount of $841,670 that accrues an interest of 1% per year; and matures on the fifth anniversary of the date of the note. As of December 31, 2021, the Company is in process of seeking forgiveness of the PPP loan. In January 2021, the Company was granted relief as forgiveness for the round one PPP loan in the amount of $638,800.

On June 8, 2021, the Company repaid the Economic Injury Disaster Loan (“EIDL”), received on March 31, 2020, in the amount of $150,000. This loan, plus accrued interest, was outstanding as of December 31, 2020.

PREMIUM FINANCING AGREEMENTEffective October 21, 2021, the Company entered into a director and officer insurance policy with annual premiums totaling $6.9 million. The Company has executed a Commercial Premium Finance Agreement with AFCO Premium Credit LLC over a term of nine months, with an annual interest rate of 3.454%, that finances the payment of the total premiums owed. The agreement requires a $1.4 million down payment, with the remaining $5.5 million plus interest paid over nine months. Monthly payments of $621.3 thousand start November 21, 2021 and end July 21, 2022. As of December 31, 2021, the unpaid balance is $4.3 million.COVENANTS On December 31, 2021, Equipment and WhiteHawk entered into the WhiteHawk Amendment to extend the Final MinerVa Delivery Date from December 31, 2021 to April 30, 2022. Pursuant to the WhiteHawk Amendment, Equipment LLC paid an amendment fee in the amount of $250,000 to WhiteHawk. Pursuant to the WhiteHawk Amendment's covenants, WhiteHawk can accelerate payment of the loan if the revised final MinerVa delivery date is not achieved.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
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+ Details

ASPEN INTEREST (“OLYMPUS”) BUYOUT - Narrative (Details) - USD ($)		12 Months Ended
	Apr. 01, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Reorganization [Abstract]
Shares issued in business reorganization (in shares)	576,000
Issuance price (in USD per share)	$ 8.68
Equity interest issued value	$ 5,000,000
Payment for business reorganization	2,000,000	$ 2,000,000	$ 0
Consideration transferred	$ 7,000,000

SEGMENT REPORTING - Results from Operating Segments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Operating Revenues	$ 30,915,137	$ 4,118,384
Net Operating Income/(Loss)	(22,202,075)	(2,405,237)
Total other income / (expense)	(5,053,254)	2,260,243
NET LOSS	(27,255,329)	(144,994)
Depreciation and Amortization	(7,607,721)	(558,630)
Interest Expense	(4,622,655)	(205,480)
Energy Operations
Segment Reporting Information [Line Items]
Operating Revenues	16,123,067	3,526,515
Net Operating Income/(Loss)	(17,284,859)	(2,454,197)
Depreciation and Amortization	(1,305,402)	(558,630)
Interest Expense	(80,866)	(205,480)
Cryptocurrency Operations
Segment Reporting Information [Line Items]
Operating Revenues	14,792,070	591,869
Net Operating Income/(Loss)	(4,917,216)	48,960
Depreciation and Amortization	(6,302,319)	0
Interest Expense	$ (4,541,789)	$ 0

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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- Definition

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+ Details

EQUIPMENT DEPOSITS

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

EQUIPMENT DEPOSITS

EQUIPMENT DEPOSITSEquipment deposits are contractual agreements with five vendors to deliver and install miners at future dates. The following details the vendors, miner models, miner counts, and expected delivery months. The Company is contractually committed to take future deliveries, and portions of the equipment are collateralized against the WhiteHawk Promissory Note (as defined below) as disclosed in Note 6 – Long-Term Debt. With the exception of Cryptech Solutions ("Cryptech"), where there is an installment payments plan, all unpaid deposits will be made on the last month referenced in the timeframe

below. The delivery timeframe for the 2,400 Cryptech miners will be in equal installments of 200 per month for 12 months starting in November 2021. Deliveries for the other vendors vary within the referenced timeframes.

The following table details the total equipment deposits of $130,999,398 as of December 31, 2021:


Vendor	Model	Count	Delivery Timeframe	Total Commitments		Unpaid [A]		Transferred to PP&E [B]		Equipment Deposits
MinerVa [C]	MinerVA	15,000	Oct '21 - Apr '22	$	69,387,550	$	—	$	(4,542,572)	$	64,844,978
Cryptech	Bitmain	2,400	Nov '21 - Oct '22	12,660,000		(5,591,500)		—		7,068,500
Northern Data	MicroBT	9,900	Oct '21 - Jan '22	22,061,852		—		(10,716,712)		11,345,140
Bitmain Technologies Limited	Antminer	12,000	Apr '22 - Dec '22	75,000,000		(35,764,500)		—		39,235,500
Northern Data PA. LLC	WharsMiners	4,280	Jan '22 - June '22	11,340,374		(2,835,094)		—		8,505,280
Totals		43,580		$	190,449,776	$	(44,191,094)	$	(15,259,284)	$	130,999,398

[A] Future commitments still owed to each vendor. Refer to Note 8 - Commitments and Contingencies for further details.

[B] Miners that are delivered and physically placed in service are transferred to a fixed asset account at the respective unit price as defined in the agreement.

[C] Refer to Note 8 - Commitments and Contingencies for a $3,999,980 refund that reduced the total commitments to $69,387,550 for this vendor.

STOCK ISSUED UNDER MASTER FINANCING AGREEMENTS AND WARRANTS - Narrative (Details) $ / shares in Units, terahash in Millions							9 Months Ended	12 Months Ended
	Jul. 02, 2021 USD ($) loan	Jun. 30, 2021 USD ($) shares	Jun. 25, 2021 USD ($) shares	May 14, 2021 USD ($) $ / shares shares	Apr. 02, 2021 miner terahash shares	Apr. 01, 2021 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) miner $ / shares	Dec. 31, 2021 USD ($) miner $ / shares	Dec. 31, 2020 USD ($)	Oct. 22, 2021 $ / shares shares	Oct. 19, 2021 USD ($) $ / shares
Debt Instrument [Line Items]
Proceeds from promissory note	$ 24,157,178							$ 41,435,466	$ 0
Number of miners \| miner							43,580	43,580
Common stock, par value (in USD per share) \| $ / shares							$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Number of shares called by each warrant \| shares										1
Fair value of warrants shown in equity							$ 1,924,281	$ 1,924,281
Changes in fair value of warrant liabilities								$ 1,143,809	$ 0
Minerva, MinerVA
Debt Instrument [Line Items]
Number of miners \| miner					15,000		15,000	15,000
Total terahash delivered by miner (in terahash) \| terahash					1.5
Number of shares issuable \| shares					443,848
Number of miners delivered \| miner							1,000	1,000
Arctos Credit LLC (NYDIG)
Debt Instrument [Line Items]
New issues (in shares) \| shares			126,274
WhiteHawk Finance LLC
Debt Instrument [Line Items]
Proceeds from issuance of warrants		$ 40,000,000
WhiteHawk Finance LLC \| Note Warrant
Debt Instrument [Line Items]
Liability fair value		$ 1,999,396
B. Riley Securities, Inc. \| Private Placement
Debt Instrument [Line Items]
Expected life (in years)				5 years
Common Class A \| WhiteHawk Finance LLC \| Note Warrant
Debt Instrument [Line Items]
Stock issued and sold during period (in shares) \| shares		181,705
Expected life (in years)							10 years	10 years
Warrant exercise price of warrants (in USD per share) \| $ / shares							$ 0.01	$ 0.01
Redeemable Convertible Preferred Stock, Series A
Debt Instrument [Line Items]
Expected life (in years)						4 years 9 months 29 days					4 years 9 months 29 days
Liability fair value						$ 631,897	$ 0	$ 0			$ 1,628,311
Warrant issued						$ 631,897	631,897
Fair value of warrants shown in equity								1,628,311
Changes in fair value of warrant liabilities								996,414
Redeemable Convertible Preferred Stock, Series A \| Private Placement
Debt Instrument [Line Items]
Stock issued and sold during period (in shares) \| shares						9,792,000
Redeemable Convertible Preferred Stock, Series A \| B. Riley Securities, Inc. \| Private Placement
Debt Instrument [Line Items]
New issues (in shares) \| shares						439,200
Expected life (in years)						5 years
Warrant exercise price of warrants (in USD per share) \| $ / shares						$ 8.68
Warrants issued during period (in shares) \| shares						97,920
Redeemable Convertible Preferred Stock, Series B
Debt Instrument [Line Items]
Expected life (in years)				4 years 9 months 18 days							4 years 9 months 18 days
Liability fair value				$ 148,575			0	0			$ 295,970
Warrant issued				$ 148,575			148,575
Fair value of warrants shown in equity								295,970
Changes in fair value of warrant liabilities								147,395
Redeemable Convertible Preferred Stock, Series B \| Private Placement
Debt Instrument [Line Items]
Stock issued and sold during period (in shares) \| shares				1,817,035
Redeemable Convertible Preferred Stock, Series B \| B. Riley Securities, Inc. \| Private Placement
Debt Instrument [Line Items]
New issues (in shares) \| shares				91,619
Expected life (in years)				5 years
Warrant exercise price of warrants (in USD per share) \| $ / shares				$ 11.01
Warrants issued during period (in shares) \| shares				18,170
Arctos Credit LLC (NYDIG) \| Loans payable
Debt Instrument [Line Items]
Debt face amount			$ 34,481,700
Number of loans received \| loan	2
Interest rate			10.00%
Unamortized debt discounts							1,389,888	1,389,888
Amortization of debt discount								173,736
Standby fee percentage			1.75%
Unused borrowings			$ 10,256,922
Standby fee expense								208,816
Loan for equipment due June 2023, one \| Loans payable
Debt Instrument [Line Items]
Debt face amount		$ 40,000,000					$ 40,000,000	$ 40,000,000
Interest rate		10.00%					10.00%	10.00%
Amortization of debt discount								$ 249,925
Long-term debt, term							24 months	24 months

EARNINGS (LOSS) PER SHARE - Schedule of Earnings per Share (Details) - USD ($)

3 Months Ended

9 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2021

Dec. 31, 2020

Numerator

Net Loss

$ (27,255,329)

$ (144,994)

Net losses attributable to non controlling interest

$ (15,803,234)

NET LOSS - attributable to predecessor (1/1-3/31) / Stronghold Digital Mining, Inc

$ (238,948)

$ (11,213,147)

$ (144,994)

Denominator

Weighted average shares of Class A common shares outstanding (in shares)

^[1]

5,518,752

Basic net loss per share (in USD per share)

^[1]

$ (2.03)

[1]

Basic and diluted loss per share of Class A common stock is presented only for the period after the Company’s Reorganization Transactions. See Note 1 - Business Combinations for a description of the Reorganization Transactions. See Note 17 - Earnings (Loss) Per Share for the calculation of loss per share.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Reportable segment results for the years ended are as follows:


	December 31, 2021		December 31, 2020

Operating Revenues
Energy Operations	$	16,123,067	$	3,526,515
Cryptocurrency Operations	14,792,070		591,869
Total Operating Revenues	$	30,915,137	$	4,118,384
Net Operating Income/(Loss)
Energy Operations	$	(17,284,859)	$	(2,454,197)
Cryptocurrency Operations	(4,917,216)		48,960
Net Operating Loss	$	(22,202,075)	$	(2,405,237)
Other Income, net (a)	(5,053,254)		2,260,243
Net Loss	$	(27,255,329)	$	(144,994)
Depreciation and Amortization
Energy Operations	$	(1,305,402)	$	(558,630)
Cryptocurrency Operations	(6,302,319)		—
Total Depreciation & Amortization	$	(7,607,721)	$	(558,630)
Interest Expense
Energy Operations	$	(80,866)	$	(205,480)
Cryptocurrency Operations	(4,541,789)		—
Total Interest Expense	$	(4,622,655)	$	(205,480)

(a)The Company does not allocate other income, net for segment reporting purposes. Amount is shown as a reconciling item between net operating income/(losses) and consolidated income before taxes. Refer to consolidated statement of operations for the years ended December 31, 2021 and 2020 for further details.


	Energy Operations		Cryptocurrency Operations		Total


Cash	$	714,019	$	31,076,096	$	31,790,115
Cryptocurrencies	—		10,417,865		10,417,865
Accounts receivable	256,103		1,855,752		2,111,855
Prepaid Insurance	3,150,851		3,150,851		6,301,701
Inventory	3,372,254		—		3,372,254
Other current assets	—		661,640		661,640
Security Deposits	348,888		—		348,888
Equipment Deposits	—		130,999,398		130,999,398
Property, plant and equipment, net	5,911,638		160,745,517		166,657,155
Land	1,748,440		—		1,748,440
Bonds	211,958		—		211,958
	$	15,714,151	$	338,907,119	$	354,621,269

STOCK-BASED COMPENSATION - Nonvested Restricted Stock Activity (Details) - Restricted Stock Units	12 Months Ended
	Dec. 31, 2021 $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	0
Vested (in shares) \| shares	0
Granted (in shares) \| shares	60,737
Forfeited (in shares) \| shares	0
Outstanding, ending balance (in shares) \| shares	60,737
Weighted Average Grant-Date Fair Value
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 0
Vested (in USD per share) \| $ / shares	0
Granted (in USD per share) \| $ / shares	11.10
Forfeited (in USD per share) \| $ / shares	0
Outstanding, ending balance (in USD per share) \| $ / shares	$ 11.10

CONSOLIDATED STATEMENTS OF PARTNERS’ DEFICIT AND STOCKHOLDERS’ DEFICIT - USD ($)	Total	Redeemable Convertible Preferred Stock, Series A	Redeemable Convertible Preferred Stock, Series B	Common Stock - Class V	Common Class A	Limited Partners	General Partners	Redeemable Preferred Non-controlling Series A	Redeemable Preferred Non-controlling Series A Redeemable Convertible Preferred Stock, Series A	Common A	Common A Redeemable Convertible Preferred Stock, Series A	Common A Redeemable Convertible Preferred Stock, Series B	Common A Common Class A	Accumulated Deficit	Accumulated Deficit Common Stock - Class V	Additional Paid-in Capital	Additional Paid-in Capital Redeemable Convertible Preferred Stock, Series A	Additional Paid-in Capital Redeemable Convertible Preferred Stock, Series B	Additional Paid-in Capital Common Class A
Beginning balance at Dec. 31, 2019	$ (2,780,961)					$ (833,875)	$ (1,947,086)
Increase (Decrease) in Partners' Capital [Roll Forward]
Net gain (loss)	(144,994)					(147,546)	2,552
Distributions	(1,121,152)					(355,363)	(765,789)
Ending balance at Dec. 31, 2020	(4,047,107)					(1,336,784)	(2,710,323)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net gain (loss)	(144,994)					(147,546)	2,552
Net gain (loss)	(238,948)					(71,687)	(167,261)
Ending balance at Mar. 31, 2021	(4,286,055)					(1,408,471)	(2,877,584)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net gain (loss)	(238,948)					(71,687)	(167,261)
Net losses attributable to non controlling interest							(167,261)
Beginning balance at Dec. 31, 2020	(4,047,107)					(1,336,784)	(2,710,323)
Ending balance at Dec. 31, 2021						0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net losses attributable to non controlling interest	(15,803,234)
Warrants issued and outstanding	1,924,281	$ 1,628,311	$ 295,970
Ending balance (in shares) at Dec. 31, 2021								1,152,000		20,016,067
Ending balance at Dec. 31, 2021	(59,164,778)							$ 37,670,161		$ 2,002				$ (338,709,688)		$ 241,872,747
Beginning balance at Mar. 31, 2021	(4,286,055)					(1,408,471)	(2,877,584)
Increase (Decrease) in Partners' Capital [Roll Forward]
Net gain (loss)	(11,213,147)													(11,213,147)
Contributions	2,877,584					1,408,471	2,877,584
Ending balance at Dec. 31, 2021						0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Aspen Scrubgrass Participant, LLC ["Olympus"] contribution	0													(1,408,471)
Buyout of Aspen Interest	(2,000,058)													(7,000,000)		4,999,942
Converted to Common Class A (in shares)										576,000
Converted to Common Class A	58									$ 58
Exchange of common units for Class A common shares (in shares)										14,400
Exchange of common units for Class A common shares	1									$ 1
Common stock issued as part of debt financing (in shares)										126,273
Common stock issued as part of debt financing	1,389,899									$ 12						1,389,887
Warrants issued as part of debt financing	1,999,396															1,999,396
Conversion of convertible redeemable preferred units to common stock (in shares)											9,792,000	1,816,994
Conversion of convertible redeemable preferred units to common stock		$ 77,824,369	$ 18,182,921								$ 979	$ 182					$ 77,823,388	$ 18,182,739
Maximum redemption right valuation				$ (303,930,195)											$ (303,930,195)
Issuance of stock (in shares)									1,152,000				7,690,400
Issuance of stock	38,315,520				$ 131,538,558				$ 38,315,520				$ 769						$ 131,537,789
Net gain (loss)	(11,213,147)													(11,213,147)
Net losses attributable to non controlling interest	(15,803,234)							$ (645,359)						(15,157,875)
Warrants issued and outstanding	1,924,281															1,924,281
Stock-based compensation	4,015,324															4,015,324
Ending balance (in shares) at Dec. 31, 2021								1,152,000		20,016,067
Ending balance at Dec. 31, 2021	(59,164,778)							$ 37,670,161		$ 2,002				(338,709,688)		241,872,747
Ending balance at Dec. 31, 2021						$ 0	$ 0
Beginning balance at Nov. 02, 2021								38,315,520
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net losses attributable to non controlling interest								$ (645,359)
Ending balance (in shares) at Dec. 31, 2021								1,152,000		20,016,067
Ending balance at Dec. 31, 2021	$ (59,164,778)							$ 37,670,161		$ 2,002				$ (338,709,688)		$ 241,872,747
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)								1,152,000		20,016,067

HOSTING SERVICES AGREEMENT	12 Months Ended
HOSTING SERVICES AGREEMENT	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
HOSTING SERVICES AGREEMENT	HOSTING SERVICES AGREEMENTOn August 17, 2021, Stronghold LLC entered into a Hosting Services Agreement with Northern Data PA, LLC ("Northern Data") whereby Northern Data will construct and operate a colocation datacenter facility located on the Scrubgrass Plant (as defined below) (the "Hosting Agreement"), the primary business purpose of which will be to provide hosting services and support cryptocurrency miners. In October 2021, the final deposit owed to Northern Data was paid, and Northern Data has started delivering the 9,900 miners committed in the Hardware and Purchase Agreement dated April 14, 2021. On March 28, 2022, we restructured the Hosting Agreement to obtain an additional 2,675 miners at cost of $37.5 per terahash (to be paid five months after delivery) and temporarily reduced the profit share for Northern Data while incorporating performance thresholds until the data center build-out is complete. In addition, the Company has executed additional hardware agreements with Northern Data as described in Note 8 - Commitments and Contingencies - "Supplier Purchase Agreements".Once operational, after deducting an amount equal to $0.027 per kilowatt-hour for the actual power used, 65% of all cryptocurrency revenue generated by the miners in Northern Data's pods shall be payable to the Company and 35% of all cryptocurrency revenue generated by the miners shall be payable to Northern Data or its designee.

PROVISIONS FOR INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of Provision for Income Taxes

The components of the provision for income taxes for the years ended December 31, 2021 and 2020 are as follows:


	Year ended December 31,
	2021		2020
Current income tax provision (benefit):
Federal	$	—	$	—
State	—		—
Total current income tax provision	$	—	$	—
Deferred income tax provision (benefit):
Federal	$	—	$	—
State	—		—
Total deferred income tax provision (benefit)	$	—	$	—
Total provision for (benefit from) income taxes	$	—	$	—

Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax amount to the recorded expense is as follows:


	Year ended December 31,
	2021		2020
Income tax expense (benefit) at 21% federal statutory rate	$	(5,723,619)	$	—
Income attributable to the pre-incorporation period	50,179		—
Income attributable to nontaxable noncontrolling interest	3,318,679		—
State income tax expense (benefit), net of federal tax effect	(752,955)		—
Change in valuation allowance	2,756,486		—
Other, net	351,230		—
Total provision for (benefit from) income taxes	$	—	$	—

Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows:


	Year ended December 31,
	2021		2020
Deferred tax assets:
Net operating loss and other carryforwards	$	6,243,820	$	—
Investment in Stronghold LLC	3,999,780		—
Other	—		—
Total deferred tax assets	$	10,243,600	$	—
Valuation allowance	$	(10,243,600)	$	—
Net deferred tax assets	$	—	$	—
Net deferred tax assets (liabilities)	$	—	$	—

TAX RECEIVABLE AGREEMENT	12 Months Ended
TAX RECEIVABLE AGREEMENT	Dec. 31, 2021
Income Tax Disclosure [Abstract]
TAX RECEIVABLE AGREEMENT	TAX RECEIVABLE AGREEMENTThe Company entered into a Tax Receivable Agreement (“TRA”) with Q Power and an agent named by Q Power on April 1, 2021, pursuant to which the Company will pay the TRA participants 85% of the realized (or, in certain circumstances, deemed realized) cash tax savings attributable to the tax basis step-ups arising from taxable exchanges of units and certain other items.No deferred tax asset or liability has been recorded with respect to the TRA because an exchange that triggers the amounts owed by the Company under the TRA (i.e., the redemption of Stronghold LLC Units for shares of Class A common stock or cash) has not occurred. Estimating the amount and timing of Stronghold Inc.’s realization of tax benefits subject to the TRA is imprecise and unknown at this time and will vary based on a number of factors, including when redemptions actually occur. Accordingly, the Company has not recorded any deferred tax asset or any liability with respect to the TRA.

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHAREBasic EPS of common stock is computed by dividing the Company’s net earnings (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The Company excludes the unvested RSUs awarded to its employees, officers, directors, and contractors under the LTIP from this net loss per share calculation because including them would be antidilutive.

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock after the date of the reorganization on April 1, 2021.


	April 1 to December 31, 2021
Numerator
Net Loss (1)	$	(27,255,329)
Less; net losses attributable to predecessor (1/1-3/31)	(238,948)
Less; net losses attributable to non-controlling interests	$	(15,803,234)
Net loss attributable to Class A common shareholders	$	(11,213,147)
Denominator
Weighted average shares of Class A common shares outstanding	5,518,752
Basic net loss per share	$	(2.03)

__________________

(1)Basic and diluted earnings per share of Class A common stock is presented only for the period after the Company’s Reorganization Transactions. As such, net loss used in the calculation represents the loss during the year ended December 31, 2021 (post-reorganization date of April 1, 2021 through December 31, 2021).

Securities that could potentially dilute losses per share in the future that were not included in the computation of diluted loss per share at December 31, 2021 because their inclusion would be anti-dilutive are as follows:


			December 31, 2021
Series A preferred units not yet exchanged for Common A shares			1,152,000
Class V common shares not yet exchanged for Class A common shares			27,057,600
Total			28,209,600

STOCK-BASED COMPENSATION - Stock Options Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	0
Granted (in shares) \| shares	3,379,083
Exercised (in shares) \| shares	0
Cancelled/forfeited (in shares) \| shares	0
Outstanding, ending balance ((in shares) \| shares	3,379,083
Shares vested and expected to vest (in shares) \| shares	3,379,083
Exercisable at period end (in shares) \| shares	428,827
Exercisable as of December 31, 2020 (in shares) \| shares	0
Weighted- Average Exercise Price
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 0
Granted (in USD per share) \| $ / shares	8.91
Exercised (in USD per share) \| $ / shares	0
Cancelled/forfeited (in USD per share) \| $ / shares	0
Outstanding, ending balance (in USD per share) \| $ / shares	8.91
Shares vested and expected to vest (in USD per share) \| $ / shares	8.91
Exercisable at period end (in USD per share) \| $ / shares	8.48
Exercisable as of December 31, 2020 (in USD per share) \| $ / shares	$ 0
Weighted- Average Contractual Term
Granted	9 years 7 months 9 days
Outstanding at December 31, 2021	9 years 7 months 9 days
Shares vested and expected to vest	9 years 7 months 9 days
Exercisable as of December 31, 2021	9 years 6 months 18 days
Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2021 \| $	$ 0
Granted \| $	0
Outstanding at December 31, 2021 \| $	30,906
Shares vested and expected to vest \| $	30,906
Exercisable as of December 31, 2021 \| $	4,107
Exercisable as of December 31, 2020 \| $	$ 0

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt consisted of the following as of:


	December 31, 2021			December 31, 2020
$66,076 loan, with interest at 5.55%, due July 2021.	$	3,054		$	16,440
$75,000 loan, with interest at 12.67%, due April 2021.	7,312			14,934
$142,000 loan, with interest at 11.21%, due April 2021.	—			18,056
$70,000 loan, with interest at 11.92%, due April 2021.	—			8,974
$499,520 loan, with interest at 2.49% due December 2023.	232,337			333,599
$499,895 loan, with interest at 2.95% due July 2023.	246,720			371,490
$212,675 loan, with interest at 6.75% due October 2022.	103,857			168,397
$517,465 loan, with interest at 4.78% due October 2024.	490,600			—
$431,825 loan, with interest at 7.60% due April 2024.	204,833			—
financing agreement for insurance with interest at 3.45% due July 2022.	4,299,721			—
$40,000,000 loan, with interest at 10.00% due June 2023.	30,734,045		[A]	—
$10,641,362 loan, with interest at 10.00% due June 2023.	8,176,302		[B]	—
$14,077,800 loan, with interest at 10.00% due June 2023.	10,816,694		[C]	—
$17,984,000 maximum advance loan, interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	10,790,400		[D]	—
$17,984,000 maximum advance loan, with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	7,769,088		[E]	—
$17,984,000 maximum advance loan, 2022 with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	—		[F]	—
	73,874,963			931,890
Less current portions, deferred costs, & discounts
Outstanding loans	50,099,372			449,447
Deferred debt issuance costs	2,854,787			—
Discounts from issuance of stock	1,042,416			—
Discounts from issuance of warrants	1,499,547			—
	$	18,378,841		$	482,443

Future Scheduled Maturities on the Outstanding Borrowings

Future scheduled maturities on the outstanding borrowings for each of the next three years as of December 31, 2021 are as follows:


Years ending December 31:
2022	$	51,777,764
2023	21,955,328
2024	141,871
	$	73,874,963

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

NON-EMPLOYEE DIRECTORS COMPENSATION POLICY

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

NON-EMPLOYEE DIRECTORS COMPENSATION POLICY

STOCK-BASED COMPENSATIONOn October 19, 2021, the board of directors of the Company (the "Board") and the stockholders of the Company approved a new long-term incentive plan (the “New LTIP”) for employees, consultants and directors. The New LTIP

provides for the grant of options (including incentive stock options and non-qualified stock options), stock appreciation rights, RSUs, dividend equivalents, other stock-based awards, and substitute awards intended to align the interests of service providers, including our named executive officers, with those of our stockholders. Pursuant to the New LTIP, the remaining shares of Class A common stock under the LTIP that was effective April 28, 2021, that were reserved and available for delivery, were assumed and reserved for issuance under the New LTIP. In addition, the New LTIP raised the aggregate number of shares of common stock that may be issued or used for reference purposes or with respect to which awards may be granted under the plan to not exceed 4,752,000 shares. As of the effective date of the New LTIP, the Company now grants all equity-based awards under the New LTIP.

The Board is duly authorized to administer the New LTIP. The Company accounts for share-based payment awards exchanged for services at the estimated grant date fair value of the award.

Stock options issued under the Company’s New LTIP are granted with an exercise price no less than the market price of the Company’s stock at the date of grant and expire up to ten years from the date of the grant. The Company accounts for share-based payment awards exchanged for services at the estimated grant date fair value of the award. Stock options issued under the LTIP were granted with an exercise price equal to the fair market value of the Company’s stock, as determined with reference to third-party valuations as of the date of option grants, and expire up to ten years from the date of grant. Options granted under the New LTIP and the LTIP vest over various terms.

The RSUs are subject to restrictions on transferability, risk of forfeiture and other restrictions imposed by the Compensation Committee of the Board (the "Committee"). Settlement of vested RSUs will occur upon vesting or upon expiration of the deferral period specified for such RSUs by the Committee (or, if permitted by the Committee, as elected by the Participant). RSUs may be settled in cash or a number of shares of stock (or a combination of the two), as determined by the Committee at the date of grant or thereafter. As of December 31, 2021, 60,737 RSUs were awarded to six employees with a grant date fair market value of $11.10 that vest over 10 years.

Stock-Based Compensation

Stock compensation expense was $4,015,324 and $0 for the years ended December 31, 2021 and 2020; respectively. There is no tax benefit related to stock compensation expense due to a full valuation allowance on net deferred tax assets at December 31, 2021.

The Company recognized total stock-based compensation expense during the years ended December 31, 2021 and 2020, from the following categories:


	December 31, 2021		December 31, 2020
Restricted stock awards under the Plan	172,800		—
Stock option awards under the Plan	3,842,524		—
Total stock-based compensation	$	4,015,324	$	—

Incentive Plan Stock Options

The following are the weighted average assumptions used in calculating the fair value of the total stock options granted in 2021 using the Black-Scholes method.


	December 31, 2021
Weighted-average fair value of options granted	$	7.64
Expected volatility	128.14		%
Expected life (in years)	5.77
Risk-free interest rate	0.93		%
Expected dividend yield	0.00		%

Expected Volatility - The Company estimates its expected stock volatility based on the historical volatility of a publicly traded set of peer companies as the Company does not currently have sufficient history for the volatility of its own stock.

Expected Term - The expected term of options represents the period that the Company’s stock-based awards are expected to be outstanding based on the simplified method, which is the half-life from vesting to the end of its contractual term.

Risk-Free Interest Rate - The Company bases the risk-free interest rate on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term.

Expected Dividend - The Company has never declared or paid any cash dividends on its common shares and does not plan to pay cash dividends in the foreseeable future, and, therefore, uses an expected dividend yield of zero in its valuation models.

The Company elected to account for forfeited awards as they occur, as permitted by Accounting Standards Update 2016-09.

As of December 31, 2021, the total future compensation expense related to non-vested options not yet recognized in the consolidated statement of operations was approximately $21,984,773 and the weighted-average period over which these awards expected to be recognized is 2.51 years.

There were no outstanding shares as of December 31, 2020. The following table summarizes the stock option activity (as adjusted) under the plans for the year ended December 31, 2021:


	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2021	—	$	—		$	—
Granted	3,379,083	$	8.91	9.61	$	—
Exercised	—	$	—		$	—
Cancelled/forfeited	—	$	—		$	—
Outstanding at December 31, 2021	3,379,083	$	8.91	9.61	$	30,906
Shares vested and expected to vest	3,379,083	$	8.91	9.61	$	30,906
Exercisable as of December 31, 2021	428,827	$	8.48	9.55	$	4,107
Exercisable as of December 31, 2020	—	$	—		$	—

RSU Awards

A summary of the Company's RSU activity in the years ended December 31, 2021 and 2020 is as follows:


	Number of Shares	Weighted Average Grant-Date Fair Value
Unvested at January 1, 2020	—	$	—
Vested	—	$	—
Granted	60,737	$	11.10
Forfeited	—	$	—
Unvested at December 31, 2021	60,737	$	11.10

The value of RSU grants are measured based on their fair market value on the date of grant and amortized over their respective vesting periods. As of December 31, 2021, there were approximately $610,106 of unrecognized compensation cost related to unvested RSU rights, which is expected to be recognized over a remaining weighted-average vesting period of approximately 1.8 years.

NON-EMPLOYEE DIRECTORS COMPENSATION POLICY

On October 19, 2021, non-employee members of the Board are eligible to receive cash and equity compensation as set forth in the Non-Employee Director Compensation Policy (this “Policy”). The cash and equity compensation described in the Policy shall be paid or be made, as applicable, to each member of the Board who is not an employee of the Company or any parent or subsidiary of the Company (each, a “Non-Employee Director”) and who may be eligible to receive such cash or equity compensation, unless such Non-Employee Director declines the receipt of such cash or equity compensation by written notice to the Company. This Policy became effective as of the date set forth above (the “Effective Date”) and shall remain in effect until it is revised or rescinded by further action of the Board.

The Company did not award any compensation to the non-employee directors during the year ended December 31, 2021. Refer to Note 32 - Subsequent Events that describes formal adoption of this plan after December 31, 2021. In anticipation of the formal adoption of this plan that requires payment of compensation in arrears, the Company has accrued $75,000 in compensation costs as of December 31, 2021 for the periods after October 19, 2021 (the eligibility date of this plan) through December 31, 2021.

STOCK ISSUED UNDER MASTER FINANCING AGREEMENTS AND WARRANTS - Valuation Assumptions (Details)	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Oct. 19, 2021 USD ($)	May 14, 2021 USD ($) shares	Apr. 01, 2021 USD ($) shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Changes in fair value of warrant liabilities	$ 1,143,809	$ 0
Redeemable Convertible Preferred Stock, Series A
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life (in years)			4 years 9 months 29 days		4 years 9 months 29 days
Fair value	$ 0		$ 1,628,311		$ 631,897
Change in expected life (in years)	0 days
Changes in fair value of warrant liabilities	$ 996,414
Redeemable Convertible Preferred Stock, Series A \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input			1.176		1.002
Changes in Fair Value Inputs	17.40%
Redeemable Convertible Preferred Stock, Series A \| Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input			0.012		0.009
Changes in Fair Value Inputs	0.30%
Redeemable Convertible Preferred Stock, Series A \| Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input			0.0000		0.0000
Changes in Fair Value Inputs	0.00%
Redeemable Convertible Preferred Stock, Series B
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life (in years)			4 years 9 months 18 days	4 years 9 months 18 days
Fair value	$ 0		$ 295,970	$ 148,575
Change in expected life (in years)	0 days
Changes in fair value of warrant liabilities	$ 147,395
Redeemable Convertible Preferred Stock, Series B \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input			1.176	1.002
Changes in Fair Value Inputs	17.40%
Redeemable Convertible Preferred Stock, Series B \| Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input			0.012	0.009
Changes in Fair Value Inputs	0.30%
Redeemable Convertible Preferred Stock, Series B \| Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input			0.0000	0.0000
Changes in Fair Value Inputs	0.00%
B. Riley Securities, Inc. \| Private Placement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life (in years)				5 years
B. Riley Securities, Inc. \| Redeemable Convertible Preferred Stock, Series A \| Private Placement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants issued during period (in shares) \| shares					97,920
Expected life (in years)					5 years
B. Riley Securities, Inc. \| Redeemable Convertible Preferred Stock, Series B \| Private Placement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants issued during period (in shares) \| shares				18,170
Expected life (in years)				5 years

STOCK-BASED COMPENSATION

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

The Board is duly authorized to administer the New LTIP. The Company accounts for share-based payment awards exchanged for services at the estimated grant date fair value of the award.

Stock-Based Compensation

The Company recognized total stock-based compensation expense during the years ended December 31, 2021 and 2020, from the following categories:


	December 31, 2021		December 31, 2020
Restricted stock awards under the Plan	172,800		—
Stock option awards under the Plan	3,842,524		—
Total stock-based compensation	$	4,015,324	$	—

Incentive Plan Stock Options

The following are the weighted average assumptions used in calculating the fair value of the total stock options granted in 2021 using the Black-Scholes method.


	December 31, 2021
Weighted-average fair value of options granted	$	7.64
Expected volatility	128.14		%
Expected life (in years)	5.77
Risk-free interest rate	0.93		%
Expected dividend yield	0.00		%

Risk-Free Interest Rate - The Company bases the risk-free interest rate on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term.

The Company elected to account for forfeited awards as they occur, as permitted by Accounting Standards Update 2016-09.

There were no outstanding shares as of December 31, 2020. The following table summarizes the stock option activity (as adjusted) under the plans for the year ended December 31, 2021:


	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2021	—	$	—		$	—
Granted	3,379,083	$	8.91	9.61	$	—
Exercised	—	$	—		$	—
Cancelled/forfeited	—	$	—		$	—
Outstanding at December 31, 2021	3,379,083	$	8.91	9.61	$	30,906
Shares vested and expected to vest	3,379,083	$	8.91	9.61	$	30,906
Exercisable as of December 31, 2021	428,827	$	8.48	9.55	$	4,107
Exercisable as of December 31, 2020	—	$	—		$	—

RSU Awards

A summary of the Company's RSU activity in the years ended December 31, 2021 and 2020 is as follows:


	Number of Shares	Weighted Average Grant-Date Fair Value
Unvested at January 1, 2020	—	$	—
Vested	—	$	—
Granted	60,737	$	11.10
Forfeited	—	$	—
Unvested at December 31, 2021	60,737	$	11.10

NON-EMPLOYEE DIRECTORS COMPENSATION POLICY

INITIAL PUBLIC OFFERING (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 19, 2021	Dec. 31, 2021	Oct. 22, 2021
Subsidiary, Sale of Stock [Line Items]
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001	$ 0.0001
Sale of stock (in USD per share)	19.00
Sale of stock, stock issuance costs (in USD per share)	$ 1.33
Sale of stock, consideration received	$ 131.5
IPO
Subsidiary, Sale of Stock [Line Items]
Stock issued and sold during period (in shares)	7,690,400
IPO, Firm Shares
Subsidiary, Sale of Stock [Line Items]
Stock issued and sold during period (in shares)	6,687,305
Over-Allotment Option
Subsidiary, Sale of Stock [Line Items]
Stock issued and sold during period (in shares)	1,003,095

ACCRUED LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Other Accrued Liabilities:
Legal & Professional Fees	$ 1,457,727	$ 0
Payroll & Taxes	73,819	0
Shipping & Handling	230,779
Interest expense	79,267
Sales & Use Taxes	2,609,664	0
Upcharge penalties reserve	420,126	0
Accrued miscellaneous expenses	182,575	828
Total	$ 5,053,957	$ 828

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES - Nature of Operations (Details)	12 Months Ended
	Dec. 31, 2021 USD ($) renewal_term
Principal Transaction Revenue [Line Items]
Contract with supplier, number of renewal terms \| renewal_term	3
Reported energy revenue, percentage	100.00%
Direct Energy Business Marketing LLC (DEBM)
Principal Transaction Revenue [Line Items]
Payments to suppliers, monthly amount \| $	$ 7,500

INVENTORY

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

INVENTORY

Inventory consisted of the following components as of:


	December 31, 2021		December 31, 2020

Waste coal	$	3,238,383	$	342,476
Fuel oil	94,913		33,243
Limestone	38,958		21,173
TOTALS	$	3,372,254	$	396,892

ASPEN INTEREST (“OLYMPUS”) BUYOUT

12 Months Ended

Dec. 31, 2021

Business Reorganization [Abstract]

ASPEN INTEREST (“OLYMPUS”) BUYOUT

On April 1, 2021, the Company, using in part 576,000 shares of newly issued Series A Preferred Stock and in part proceeds from the Series A Private Placement, acquired the Aspen Interest.

The total consideration was a combination of the newly issued Series A Preferred Stock valued at the issuance price of $8.68 per share or $5,000,000; plus an additional $2,000,000 in cash. A total of $7,000,000 that is treated as a buyout of the Partners’ Deficits of the Limited Partner (i.e., Aspen Interest) as of April 1, 2021.

The Partners’ Deficit of the Aspen Interest as of April 1, 2021:


	Limited Partners
Balance - December 31, 2020	$	(1,336,784)
Net losses - three months ended March 31, 2021	(71,687)
Balance - April 1, 2021	$	(1,408,471)

ASPEN INTEREST (“OLYMPUS”) BUYOUT (Tables)

12 Months Ended

Dec. 31, 2021

Business Reorganization [Abstract]

Partners' Deficit of Aspen Interest

The Partners’ Deficit of the Aspen Interest as of April 1, 2021:


	Limited Partners
Balance - December 31, 2020	$	(1,336,784)
Net losses - three months ended March 31, 2021	(71,687)
Balance - April 1, 2021	$	(1,408,471)

ACQUISITION

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

ACQUISITION

ACQUISITION On July 9, 2021, the Company entered into a purchase agreement, as contemplated by the Olympus LOI, with Panther Creek Reclamation Holdings, LLC ("Panther Creek Reclamation"), a subsidiary of Olympus (the "Panther Creek Acquisition"). Pursuant to the Panther Creek Acquisition, the Company acquired all of the assets of Panther Creek Power Operating LLC (“Panther Creek”), comprised primarily of a coal refuse reclamation facility with 80 MW of net electricity generation capacity located near Nesquehoning, Pennsylvania (the "Panther Creek Plant"). Stronghold Inc. completed the

Panther Creek Acquisition on November 2, 2021. The consideration for the Panther Creek Plant was approximately $3.0 million in cash ($2.192 million after deducting 50% of land closing costs agreed to be split with the seller) subject to certain closing adjustments, and 1,152,000 Stronghold LLC Units, together with a corresponding number of shares of Class V common stock. Pursuant to the Redemption Right (as defined herein), each Stronghold LLC Unit, combined with a corresponding share of Class V common stock, may be redeemed for one share of Class A common stock (or cash, in certain instances).

Furthermore, on November 5, 2021, the Company entered into a Registration Rights Agreement with Panther Creek Reclamation, whereby the Company agreed to register the 1,152,000 shares of Class A common stock that may be received upon the Panther Creek Redemption. Refer to Note 16 - Non-controlling Interests for further details.

The transaction was analyzed in accordance with ASC 805 - Business Combinations to first determine whether the acquired assets constitute a business. This requires a screen test that makes a determination that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or group of similar identifiable assets, the set is not a business. If the assets acquired are not a business, then the reporting entity should record the transaction as an asset acquisition in accordance with ASC 805-50 (using the cost accumulation model, rather than the fair value model that applies to business combinations).

The following steps were performed to determine whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.

Step 1. Combine the identifiable assets into a single identifiable asset: The Company has concluded that none of the assets qualify for combination into a single identifiable asset per ASC 805-10-55-5B.

Step 2. Combine the assets into similar assets: The Company has concluded that none of the assets qualify for combination as similar assets under ASC 805-10-55-5C.

Step 3. Measure the fair value of the gross assets acquired: The Company has concluded that the gross assets acquired include any consideration transferred in excess of the fair value of the net identifiable assets acquired (i.e., goodwill in a business combination), but it does not include goodwill that results from the effects of deferred tax liabilities, cash and cash equivalents, deferred taxes, or liabilities.

Step 4. Determine whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets: The Company compared the fair value of the single identifiable asset (or group of similar assets) to the fair value of the gross assets acquired as follows:

Based on the above analysis, substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. As a result, the transaction does meet the screen as outlined in paragraphs 805-10-55-5A through 55-5C.

In accordance with ASC 805-10-55-5A, if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the set is not considered a business. Gross assets acquired should exclude cash and cash equivalents, deferred tax assets, and goodwill resulting from the effects of deferred tax liabilities. However, the gross assets acquired should include any consideration transferred (plus the fair value of any noncontrolling interest and previously held interest, if any) in excess of the fair value of net identifiable assets acquired.

As discussed above in the screen test section of this overall analysis, the acquisition of Panther Creek by the Company does not meet the definition of a business combination, however, the Company accounted for the transaction as if it were a business combination.

The following represents the fair value of the identifiable assets and liabilities as of the acquisition date of November 2, 2021:


The purchase price allocation is as follows (in thousands):
Cash and cash equivalents	$	491
Accounts receivable - trade	$	831
Prepaids and other current assets	$	429
Materials and supplies	$	1,559
Land and Rights of Way	$	1,727
Property, plant and equipment	$	43,782
Accounts payable	$	(2,943)
Accrued expenses	$	(298)
Due to related parties	$	(73)
Total identifiable assets and liabilities	$	45,505
Total purchase consideration 1	$	45,505

1 The $45.5 million purchase price consideration consisted of $38.316 million fair value of 1,152,000 Series A Redeemable Preferred Units (registered for public sale), $2.192 million in cash (net of a purchase of Plant Site 50% share or $808 thousand), $501 thousand in asset retirement obligations, $218 thousand in assumed notes payable, $613 thousand in purchase related legal and professional fees, and $3.665 million related to the settlement of various existing relationship payables (partially offset by receivables).

PROVISIONS FOR INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit) at 21% federal statutory rate	$ (5,723,619)	$ 0
Income attributable to the pre-incorporation period	50,179	0
Income attributable to nontaxable noncontrolling interest	3,318,679	0
State income tax expense (benefit), net of federal tax effect	(752,955)	0
Change in valuation allowance	2,756,486	0
Other, net	351,230	0
Total	$ 0	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

SUPPLEMENTAL CASH AND NON-CASH INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Noncash or Part Noncash Acquisitions [Line Items]
Equipment financed with debt	$ 45,793,381	$ 931,890
Interest Paid	1,195,692	205,480
Issued as part of equipment debt financing:
Warrants- WhiteHawk	1,999,396	0
Warrants issued as part of stock registrations- B.Riley Warrants	780,472	0
Premium Financing	6,890,509	0
Total	54,375,785	0
Common Class A
Issued as part of equipment debt financing:
Stock issued	1,389,888	0
Redeemable Convertible Preferred Stock, Series A
Issued as part of equipment debt financing:
Stock issued	5,000,000	0
Redeemable Convertible Preferred Stock Units, Series A
Issued as part of equipment debt financing:
Stock issued	$ 38,315,520	$ 0

STOCK ISSUED UNDER MASTER FINANCING AGREEMENTS AND WARRANTS (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Black Scholes Input Assumptions

The following are the Black-Scholes input assumptions for the 97,920 Series A warrants; and the changes in fair values as of April 1, 2021 (date of issuance) and October 19, 2021 (final measurement date) respectively:


	As of						Changes in Fair Value Inputs
	April 1, 2021			October 19, 2021
Expected volatility	100.2		%	117.6		%	17.4		%
Expected life (in years)	4.83			4.83			0
Risk-free interest rate	0.9		%	1.2		%	0.3		%
Expected dividend yield	0.00		%	0.00		%	0.0		%
Fair value	$	631,897		$	1,628,311		$	996,414

The following are the Black-Scholes input assumptions for the 18,170 Series B warrants, and the changes in fair values as of May 14, 2021 (date of issuance) and October 19, 2021 (final measurement date) respectively:


	As of						Changes in Fair Value Inputs
	May 14, 2021			October 19, 2021

Expected volatility	100.2		%	117.6		%	17.4		%
Expected life (in years)	4.8			4.8			0
Risk-free interest rate	0.9		%	1.2		%	0.3		%
Expected dividend yield	0.00		%	0.00		%	0.0		%
Fair value	$	148,575		$	295,970		$	147,395

REDEEMABLE COMMON STOCK - Series A and B Valuations and Conversions to Common Equity (Details) - USD ($)	Oct. 19, 2021	May 14, 2021	Apr. 01, 2021	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Temporary Equity [Line Items]
Proceeds	$ 131,500,000
Remaining in net mezzanine equity				$ 301,052,617	$ 243,002,389	$ 167,661,249	$ (2,877,584)
Redeemable Convertible Preferred Stock, Series A
Temporary Equity [Line Items]
Conversion to common Class A shares			$ (78,041,113)
Remaining in net mezzanine equity			0
Redeemable Convertible Preferred Stock, Series A \| Private Placement
Temporary Equity [Line Items]
Proceeds			85,000,000
Transaction Fees			(6,300,000)
Debt issuance costs pertaining to stock registration warrants - refer to Note 14			(631,897)
Total net mezzanine equity			78,041,113
Redeemable Convertible Preferred Stock, Series A \| Private Placement \| B. Riley Securities
Temporary Equity [Line Items]
Transaction Fees			(5,100,000)
Redeemable Convertible Preferred Stock, Series A \| Private Placement \| Vinson & Elkins L.L.P.
Temporary Equity [Line Items]
Transaction Fees			$ (1,226,990)
Redeemable Convertible Preferred Stock, Series B
Temporary Equity [Line Items]
Conversion to common Class A shares		$ (18,242,733)
Remaining in net mezzanine equity		0
Redeemable Convertible Preferred Stock, Series B \| Private Placement
Temporary Equity [Line Items]
Proceeds		20,000,305
Transaction Fees		(1,600,000)
Debt issuance costs pertaining to stock registration warrants - refer to Note 14		(148,575)
Total net mezzanine equity		18,242,733
Redeemable Convertible Preferred Stock, Series B \| Private Placement \| B. Riley Securities
Temporary Equity [Line Items]
Transaction Fees		(1,200,000)
Redeemable Convertible Preferred Stock, Series B \| Private Placement \| Vinson & Elkins L.L.P.
Temporary Equity [Line Items]
Transaction Fees		$ (408,997)

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Commitments:

Equipment Agreements

As discussed in Note 4 - Equipment Deposits, the Company has entered into various equipment contracts to purchase miners. Most of these contracts require a percentage of deposits upfront and subsequent future payments to cover the contracted purchase price of the equipment. Details of each agreement are summarized below.

MinerVa Semiconductor Corp

On April 2, 2021, the Company entered into a purchase agreement with MinerVa Semiconductor Corp (“MinerVa”) for the acquisition of 15,000 of their MV7 ASIC SHA256 model cryptocurrency miner equipment (miners) with a total terahash to be delivered equal to 1.5 million terahash (total terahash) (the "MinerVa Purchase Agreement"). The price per miner is $4,892.50 for an aggregate purchase price of $73,387,500 to be paid in installments. On December 21, 2021, MinerVa issued a refund of $3,999,980 that is applied against the original purchase price; thus reducing the total purchase price to $69,387,550 (reference Note 4 - Equipment Deposits). The first installment equal to 60% of the purchase price, or $44,032,500, was paid on April 2, 2021, and an additional payment of 20% of the purchase price, or $14,677,500, was paid June 2, 2021. As of December 31, 2021, there are no remaining deposits owed. In December 2021, we extended the deadline for delivery of the MinerVa miners to April 2022. In March 2022, MinerVa was again unable to meet its delivery date and has only delivered approximately 3,200 of the 15,000 miners. As a result, we may write off some or all of the approximately 12,000 undelivered MinerVa miners. We do not know when the remaining MinerVa miners will be delivered, if at all. Refer to Note 30 - Covenants that describe covenants referencing the anticipated final delivery timeframe of April 2022. The aggregate purchase price does not include shipping costs, which are the responsibility of the Company and shall be determined at which time the miners are ready for shipment.

Nowlit Solutions Corp

The Company entered into a hardware purchase and sales agreement with Nowlit Solutions Corp effective April 1, 2021. Hardware includes, but is not limited to, ASIC Miners, power supply units, power distribution units and replacement fans for ASIC Miners. All hardware must be paid for in advance before being shipped to the Company. The Company made payments to this party totaling $5,657,432 in April 2021 and costs have been capitalized and reported as property and equipment. As of December 31, 2021, there are no outstanding commitments owed to this vendor.

The Company paid for two separate purchases of miners from Nowlit Solutions Corp. The first purchase payment was made on November 23, 2021, in the amount of $1,605,360 for 190 miners. The second purchase payment was made on November 26, 2021, in the amount of $2,486,730 for an additional 295 miners.

Cryptech Solutions

The Company entered into a hardware purchase and sales agreement with Cryptech effective April 1, 2021. Hardware includes, but is not limited to ASIC Miners, power supply units, power distribution units and replacement fans for ASIC Miners. Total purchase price is $12,660,000 for 2,400 BitmainS19j miners to be delivered monthly in equal quantities (200 per month) from November 2021 through October 2022. All hardware must be paid for in advance before being shipped to the Company.

The Company made a 30% down payment of $3,798,000 on April 1, 2021 with the remaining 70% or $8,862,000 agreed to be paid in 17 installments. There have been eight installments totaling $3,270,500 paid before December 31, 2021, with the outstanding amount still owed under this agreement of $5,591,500 as of December 31, 2021. Representing nine installments remaining through September 2022:


				Remaining
		Purchase Price		$	12,660,000
		April 2021 - 30%		$	(3,798,000)
#	Date	After down payment		$	8,862,000
1	05/01/21	$	(211,000)	$	8,651,000
3	06/01/21	$	(211,000)	$	8,440,000
4	07/01/21	$	(211,000)	$	8,229,000
5	08/01/21	$	(211,000)	$	8,018,000
6	09/01/21	$	(211,000)	$	7,807,000
7	10/01/21	$	(738,500)	$	7,068,500
8	11/01/21	$	(738,500)	$	6,330,000
9	12/01/21	$	(738,500)	$	5,591,500
10	01/01/22	$	(738,500)	$	4,853,000
11	02/01/22	$	(738,500)	$	4,114,500
12	03/01/22	$	(738,500)	$	3,376,000
13	04/01/22	$	(738,500)	$	2,637,500
14	05/01/22	$	(527,500)	$	2,110,000
15	06/01/22	$	(527,500)	$	1,582,500
16	07/01/22	$	(527,500)	$	1,055,000
17	08/01/22	$	(527,500)	$	527,500
18	09/01/22	$	(527,500)	$	—

On December 7, 2021, the Company entered into a Hardware Purchase and Sales Agreement (the “Cryptech Purchase Agreement”) with Cryptech Solutions, Inc to acquire 1,000 Bitmain S19a miners (the “Cryptech Miners”) with a hash rate of 96 TH/s for a total purchase price of $8,592,000. Pursuant to the Cryptech Purchase Agreement, all hardware will be paid for in advance of being shipped to the Company.

Bitmain Technologies Limited

On October 28, 2021, the Company entered into the first of two Non-Fixed Price Sales and Purchase Agreements with Bitmain Technologies Limited ("Bitmain"). The first agreement covers six batches of 2,000 miners, or 12,000 in total, arriving on a monthly basis from April through September 2022. Each batch has an assigned purchase price that totals to $75,000,000, to be paid in three installments of 25%, 35% and 40% over the six-month delivery period. On October 29, 2021, the Company made a $23,300,000 payment comprised of the 25% installment payment plus 35% of the April 2022 batch of 2,000 miners that have an assigned purchase price of $13,000,000. On November 18, 2021, the Company made an additional payment of 35% or $4,550,000 towards the April 2022 batch of miners.

On November 16, 2021, the Company entered into the second Non-Fixed Price Sales and Purchase Agreement with Bitmain. This second agreement covers six batches of 300 miners, or 1,800 in total, arriving on a monthly basis from July 2022 through December 2022. Each batch has an assigned purchase price that totals $19,350,000, to be paid in three installments of 35%, 35%, and 30% of the total purchase price over the six-month delivery period. Per the second Non-Fixed Price Sales and Purchase Agreement, on November 18, 2021, the Company paid the first installment payment of 35% or $6,835,000.

Luxor Technology Corporation

The Company paid for three separate purchases of miners from Luxor Technology Corporation ("Luxor"). The first purchase payment was made on November 26, 2021, in the amount of $4,312,650 for 770 miners. The second and third purchase payments were made on November 29, 2021, in the amounts of $5,357,300 and $3,633,500, respectively, for an additional 750 and 500 miners.

On November 30, 2021, the Company entered into a fourth purchase agreement with Luxor to acquire 400 Antminer T19 miners with a hash rate of 84 TH/s and 400 Antminer T19 miners with a hash rate of 88 TH/s for a total purchase price of $6,260,800.

Northern Data

On December 10, 2021 the Company entered into a Hardware Purchase and Sale Agreement (the “First Supplier Purchase Agreement”) to acquire 3,000 MicroBT WhatsMiner M30S miners (the “M30S Miners”) with a hash rate per unit of 87 TH/s. Pursuant to the First Supplier Purchase Agreement, the unit price per M30S Miner is $6,960 for a cumulative purchase price of $20,880,000 that was paid in full within five business days of the execution of the First Supplier Purchase Agreement.

On December 16, 2021, the Company entered into a Second Hardware Purchase and Sale Agreement (the “Second Supplier Purchase Agreement") to acquire a cumulative amount of approximately 4,280 M30S Miners and MicroBT WhatsMiner M30S+ miners with a hash rate per unit of 100 TH/s (the “M30S+ Miners”). Pursuant to the Second Supplier Purchase Agreement, the unit price per M30S Miner is $2,714 and the unit price per M30S+ Miner is $3,520 for a cumulative purchase price of $11,340,373.

NYDIG ABL LLC

On December 15, 2021, the Company entered into a Master Equipment Finance Agreement (the “Second NYDIG Financing Agreement”) with NYDIG ABL LLC (“NYDIG”) whereby NYDIG agreed to lend the Company up to $53,952,000 to finance the purchase of certain Bitcoin miners and related equipment (the “Second NYDIG-Financed Equipment”). Outstanding borrowings under the Second NYDIG Financing Agreement are secured by the Second NYDIG-Financed Equipment, contracts to acquire Second NYDIG-Financed Equipment, and the Bitcoin mined by the Second NYDIG-Financed Equipment. The Second NYDIG Financing Agreement includes customary restrictions on additional liens on the NYDIG-Financed Equipment. The Second NYDIG Financing Agreement may not be terminated by the Company or prepaid in whole or in part. Refer to Note 6 - Long Term Debt for further details.

Contingencies:

Legal Proceedings

The Company experiences routine litigation in the normal course of business. Management is of the opinion that none of this routine litigation will have a material adverse effect on the Company’s reported financial position or results of operations.

McClymonds Supply & Transit Company, Inc. and DTA, L.P. vs. Scrubgrass Generating Company, L.P.

On January 31, 2020, McClymonds Supply and Transit Company, Inc. (“McClymonds”) made a Demand for Arbitration, as required by the terms of the Transportation Agreement between it and the Company dated April 8, 2013 (the “Agreement”). In its demand, McClymonds alleged damages in the amount of $5,042,350 for failure to pay McClymonds for services. On February 18, 2020, the Company submitted its answering statement denying the claim of McClymonds in its entirety. On March 31, 2020, the Company submitted its counterclaim against McClymonds in the amount of $6,747,328 as the result of McClymonds’ failure to deliver fuel as required under the terms of the Agreement. Hearings were held from January 31, 2022 through February 3, 2022. Proposed findings of fact and conclusions of law were submitted and a decision will be rendered. Management believes that this litigation is unlikely to have a material adverse effect on the Company's consolidated financial position or results of operations.

Allegheny Mineral Corporation v. Scrubgrass Generating Company, L.P., Butler County Court of Common Pleas, No. AD 19-11039

In November 2019, Allegheny Mineral filed suit against the Company seeking payment of approximately $1,200,000 in outstanding invoices. In response, the Company filed counterclaims against Allegheny Mineral asserting breach of contract, breach of express and implied warranties, and fraud in the amount of $1,300,000. The case was unsuccessfully mediated in August 2020. At this time, there is a discovery deadline currently scheduled for June 30, 2022. Management believes that this litigation is unlikely to have a material adverse effect on the Company's consolidated financial position or results of operations.

PJM Notice of Breach

On November 19, 2021, Scrubgrass received a notice of breach from PJM Interconnection, LLC alleging that Scrubgrass breached Interconnection Service Agreement – No. 1795 (the “ISA”) by failing to provide advance notice to PJM Interconnection, LLC and Mid-Atlantic Interstate Transmission, LLC (“MAIT”) pursuant to ISA, Appendix 2, section 3, of modifications made to the Scrubgrass Plant. On December 16, 2021, Scrubgrass responded to the notice of breach and respectfully disagreed that the ISA had been breached. On January 7, 2022, Scrubgrass participated in a hearing with

representatives from PJM regarding the notice of breach and Scrubgrass continues to work with PJM regarding the dispute, including conducting a necessary study agreement with respect to the Scrubgrass Plant. On January 20, 2022, the Company sent PJM a letter regarding the installation of a resistive computational load bank at the Panther Creek Plant. On March 1, 2022, the Company executed a necessary study agreement with respect to the Panther Creek Plant. The Company does not believe the PJM notice of breach or the Panther Creek necessary study agreement will have a material adverse effect on the Company’s reported financial position or results of operations.

COVID-19	12 Months Ended
COVID-19	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
COVID-19	COVID-19The full impact of the coronavirus (“COVID-19”) outbreak continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on the Company’s financial condition, liquidity, and future results of operations. Management is actively monitoring the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the future effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity.

ACQUISITION - Narrative (Details) - Panther Creek Power Operating LLC - USD ($) $ in Thousands	Nov. 02, 2021	Nov. 05, 2021	Jul. 09, 2021
Asset Acquisition [Line Items]
Cash payment to acquire asset, gross	$ 3,000
Payment to acquire asset, net of cash acquired	$ 2,192
Percentage of land closing costs share	50.00%
Equity interest issued (in shares)	1,152,000
Number of shares called by each unit or stock			1
Number of shares called by redemption		1,152,000
Member Units
Asset Acquisition [Line Items]
Equity interest issued (in shares)	1,152,000

PROVISIONS FOR INCOME TAXES

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

PROVISIONS FOR INCOME TAXES

Subsequent to the Company’s incorporation, the Company and its indirectly owned corporate subsidiaries, Clearfield and Leechburg, provide for income taxes under the asset and liability method. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities—specifically for the Company, its investment in Stronghold LLC—using enacted tax rates expected to be in effect during the year in which the basis differences reverse. Valuation allowances are established when management determines it is more likely than not that some portion, or all, of the deferred tax assets will not be realized.

Prior to the Reorganization, Scrubgrass and Stronghold Power were structured as a limited partnership and limited liability company, respectively; therefore any taxable income or loss was included in the income tax returns of the individual owners. Accordingly, no recognition has been given to federal or state income taxes in the Company’s financial statements for the periods prior to the Reorganization.

For the year ended December 31, 2021, the Company’s total income tax benefit of $0 differed from amounts computed by applying the United States federal statutory rate to pre-tax loss for the period primarily due to net loss attributable to the noncontrolling interest and to the period prior to the Reorganization (i.e., prior to the incorporation of Stronghold Inc.), and due to maintaining a valuation allowance on the Company’s deferred tax assets.

The components of the provision for income taxes for the years ended December 31, 2021 and 2020 are as follows:


	Year ended December 31,
	2021		2020
Current income tax provision (benefit):
Federal	$	—	$	—
State	—		—
Total current income tax provision	$	—	$	—
Deferred income tax provision (benefit):
Federal	$	—	$	—
State	—		—
Total deferred income tax provision (benefit)	$	—	$	—
Total provision for (benefit from) income taxes	$	—	$	—

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before the provision for income taxes. A reconciliation of the statutory federal income tax amount to the recorded expense is as follows:


	Year ended December 31,
	2021		2020
Income tax expense (benefit) at 21% federal statutory rate	$	(5,723,619)	$	—
Income attributable to the pre-incorporation period	50,179		—
Income attributable to nontaxable noncontrolling interest	3,318,679		—
State income tax expense (benefit), net of federal tax effect	(752,955)		—
Change in valuation allowance	2,756,486		—
Other, net	351,230		—
Total provision for (benefit from) income taxes	$	—	$	—

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows:


	Year ended December 31,
	2021		2020
Deferred tax assets:
Net operating loss and other carryforwards	$	6,243,820	$	—
Investment in Stronghold LLC	3,999,780		—
Other	—		—
Total deferred tax assets	$	10,243,600	$	—
Valuation allowance	$	(10,243,600)	$	—
Net deferred tax assets	$	—	$	—
Net deferred tax assets (liabilities)	$	—	$	—

As of December 31, 2021 and 2020, the Company had no net deferred tax assets or deferred tax liabilities. Subsequent to the Company’s Reorganization as discussed further in Note 2 — Nature of Operations and Significant Accounting Policies, deferred taxes are provided on the difference between the Company’s basis for financial reporting purposes and basis for federal income tax purposes in its investment in Stronghold LLC. Prior to the Reorganization, Scrubgrass and Stronghold Power were structured as a limited partnership and limited liability company, respectively; therefore, the taxable income or loss of the Company was included in the income tax returns of the individual owners. Accordingly, no recognition has been given to deferred tax assets or liabilities in the Company’s financial statements for the periods prior to the Reorganization. Clearfield and Leechburg have not recorded any temporary differences resulting in either a deferred tax asset or liability as of December 31, 2021 and 2020.

As of December 31, 2021 no deferred tax asset or liability has been recorded with respect to the Company’s TRA with Q Power because an exchange that triggers amounts owed by the Company under the TRA (i.e., the redemption of Stronghold LLC Units for shares of Class A common stock or cash) has not occurred.

As of December 31, 2021, the Company had federal net operating loss carryforwards of approximately $27.7 million which may be carried forward indefinitely to offset future taxable income, and state net operating loss carryforwards of approximately $5.7 million expiring in 2041 if not used. The Company incurred a tax net operating loss in 2021 due principally to Stronghold LLC’s tax deductions for accelerated depreciation, in addition to pre-tax loss. As of December 31, 2021, the Company did not have any uncertain tax positions requiring recognition in the financial statements. The Company’s 2021 tax year and Clearfield’s and Leechburg’s 2018 through 2021 tax years remain open to potential examination by tax authorities.

As of December 31, 2021, the Company had a valuation allowance of approximately $10.2 million related to deferred tax assets the Company does not believe are more likely than not to be realized. The determination to record a valuation allowance was based on management’s assessment of all available evidence, both positive and negative, supporting realizability of the Company’s net operating losses and other deferred tax assets, as required by applicable accounting standards (ASC Topic 740, Income Taxes (“ASC 740”)). Factors contributing to this assessment included the Company’s cumulative and current losses, as well as the evaluation of other sources of income as outlined in ASC 740. The Company continues to evaluate the likelihood of the utilization of its deferred tax assets, and while the valuation allowance remains in place, expects to record no deferred income tax expense or benefit. In light of the criteria under ASC 740 for recognizing the tax benefit of deferred tax assets, the Company maintained a valuation allowance against its federal and state deferred tax assets as of December 31, 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consisted of the following as of:


	December 31, 2021			December 31, 2020
$66,076 loan, with interest at 5.55%, due July 2021.	$	3,054		$	16,440
$75,000 loan, with interest at 12.67%, due April 2021.	7,312			14,934
$142,000 loan, with interest at 11.21%, due April 2021.	—			18,056
$70,000 loan, with interest at 11.92%, due April 2021.	—			8,974
$499,520 loan, with interest at 2.49% due December 2023.	232,337			333,599
$499,895 loan, with interest at 2.95% due July 2023.	246,720			371,490
$212,675 loan, with interest at 6.75% due October 2022.	103,857			168,397
$517,465 loan, with interest at 4.78% due October 2024.	490,600			—
$431,825 loan, with interest at 7.60% due April 2024.	204,833			—
financing agreement for insurance with interest at 3.45% due July 2022.	4,299,721			—
$40,000,000 loan, with interest at 10.00% due June 2023.	30,734,045		[A]	—
$10,641,362 loan, with interest at 10.00% due June 2023.	8,176,302		[B]	—
$14,077,800 loan, with interest at 10.00% due June 2023.	10,816,694		[C]	—
$17,984,000 maximum advance loan, interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	10,790,400		[D]	—
$17,984,000 maximum advance loan, with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	7,769,088		[E]	—
$17,984,000 maximum advance loan, 2022 with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	—		[F]	—
	73,874,963			931,890
Less current portions, deferred costs, & discounts
Outstanding loans	50,099,372			449,447
Deferred debt issuance costs	2,854,787			—
Discounts from issuance of stock	1,042,416			—
Discounts from issuance of warrants	1,499,547			—
	$	18,378,841		$	482,443

Future scheduled maturities on the outstanding borrowings for each of the next three years as of December 31, 2021 are as follows:


Years ending December 31:
2022	$	51,777,764
2023	21,955,328
2024	141,871
	$	73,874,963

PAYCHECK PROTECTION PROGRAM LOAN, ECONOMIC INJURY DISASTER LOAN

- Definition

+ References

+ Details

CONCENTRATIONS	12 Months Ended
CONCENTRATIONS	Dec. 31, 2021
Risks and Uncertainties [Abstract]
CONCENTRATIONS	CONCENTRATIONS Credit risk is the risk of loss the Company would incur if counterparties fail to perform their contractual obligations (including accounts receivable). The Company primarily conducts business with counterparties in the crypto mining and energy industry. This concentration of counterparties may impact the Company’s overall exposure to credit risk, either positively or negatively, in that its counterparties may be similarly affected by changes in economic, regulatory or other conditions. The Company mitigates potential credit losses by dealing, where practical, with counterparties that are rated at investment grade by a major credit agency or have a history of reliable performance within the crypto mining and energy industry. Financial instruments which potentially expose the Company to concentrations of credit risk consist primarily of cash and accounts receivable. Cash and cash equivalents customarily exceed federally insured limits. The Company’s significant credit risk is primarily concentrated with DEBM, which amounted to approximately 100% of the Company’s energy revenues for the years ended December 31, 2021 and 2020. DEBM accounted for 100% and 14% of the Company’s accounts receivable balance as of December 31, 2021 and 2020, respectively. For the year ended December 31, 2021 and 2020, the Company purchased 30% and 63% of coal from two related parties, respectively. See Note 9- Related-Party Transactions for further information. The Company has entered into various Master Equipment Financing Agreements that have future delivery and installation timeframes for approximately 43,580 miners. There can exist a risk of not achieving the expected delivery timelines as well as the timeliness of generating guaranteed targeted terahash by each miner. This risk is not quantifiable at this time. See Note 8 – Commitments and Contingencies for further information.

RELATED-PARTY TRANSACTIONS - Narrative (Details)							1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
RELATED-PARTY TRANSACTIONS - Narrative (Details)	Jul. 09, 2022 USD ($)	Nov. 02, 2021 USD ($)	Aug. 02, 2021 USD ($)	Jul. 09, 2021 USD ($)	May 10, 2021 USD ($)	May 09, 2021 USD ($)	Sep. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 USD ($) $ / T owner T	Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items]
Number of owners \| owner										1
Due to related parties									$ 1,430,660	$ 1,430,660	$ 698,338
Coal Reclamation Partnership
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners									16.26%	16.26%
Affiliated Entity \| Coal Valley Sales, LLC
Related Party Transaction [Line Items]
Due to related parties									$ 202,334	$ 202,334	0
Affiliated Entity \| Coal Valley Properties, LLC
Related Party Transaction [Line Items]
Due to related parties									134,452	134,452	$ 188,338
Affiliated Entity \| Panther Creek Fuel Services
Related Party Transaction [Line Items]
Due to related parties									47,967	47,967
Affiliated Entity \| Panther Creek Energy Services
Related Party Transaction [Line Items]
Due to related parties									94,434	94,434
Affiliated Entity \| Northampton Generating Co LP
Related Party Transaction [Line Items]
Due to related parties									321,738	$ 321,738
Affiliated Entity \| Notes Payable, Other Payables \| William Spence And Greg Beard
Related Party Transaction [Line Items]
Repayments of related party debt							$ 2,093,018
Affiliated Entity \| Waste Coal Agreement (the “WCA”) \| Coal Valley Sales, LLC
Related Party Transaction [Line Items]
Waste coal annual quantity committed (in ton) \| T										200,000
Waste coal, handling fee (in USD per ton) \| $ / T										6.07
Waste coal commitment, units in excess of annual commitment, price per unit (in USD per ton) \| $ / T										1.00
Waste coal commitment, monthly payments								$ 25,000
Waste coal commitment, semi-monthly minimum payments									$ 51,000
Expenses from transactions with related party										$ 303,500
Affiliated Entity \| Fuel Service and Beneficial Use Agreement ("FBUA") \| Northampton Fuel Supply Company, Inc.
Related Party Transaction [Line Items]
Expenses from transactions with related party										163,412
Affiliated Entity \| Management Fee \| Olympus Stronghold Services, LLC
Related Party Transaction [Line Items]
Expenses from transactions with related party		$ 1,000,000
Affiliated Entity \| Management Fee \| Panther Creek Energy Services
Related Party Transaction [Line Items]
Expenses from transactions with related party			$ 175,000	$ 250,000
Related party transaction, period				12 months
Affiliated Entity \| Management Fee \| Panther Creek Energy Services \| Forecast
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 325,000
Affiliated Entity \| Mobilization Fee \| Olympus Stronghold Services, LLC
Related Party Transaction [Line Items]
Expenses from transactions with related party		$ 150,000
Affiliated Entity \| Operations and Maintenance Agreement \| Panther Creek Energy Services
Related Party Transaction [Line Items]
Expenses from transactions with related party										1,027,860
Affiliated Entity \| Management Services Agreement \| William Spence
Related Party Transaction [Line Items]
Expenses from transactions with related party										600,000
Monthly management fee					$ 50,000	$ 25,000
Chief Executive Officer \| Beard Aviation LLC
Related Party Transaction [Line Items]
Expenses from transactions with related party										$ 69,000

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash	$ 31,790,115	$ 303,187
Digital currencies	7,718,221	228,087
Digital currencies restricted	2,699,644	0
Accounts receivable	2,111,855	65,900
Due from related party	0	302,973
Prepaid Insurance	6,301,701	0
Inventory	3,372,254	396,892
Other current assets	661,640	65,831
Total Current Assets	54,655,430	1,362,870
EQUIPMENT DEPOSITS	130,999,398	0
PROPERTY, PLANT AND EQUIPMENT, NET	166,657,155	7,814,199
LAND	1,748,440	0
BONDS	211,958	185,245
SECURITY DEPOSITS	348,888	0
TOTAL ASSETS	354,621,269	9,362,314
CURRENT LIABILITIES
Current portion of long-term debt-net of discounts/issuance fees	50,099,372	449,447
Forward sale contract	7,116,488	0
Related-party notes	0	2,024,250
Accounts payable	28,650,659	8,479,187
Due to related parties	1,430,660	698,338
Accrued liabilities	5,053,957	828
Total Current Liabilities	92,351,136	11,652,050
LONG-TERM LIABILITIES
Asset retirement obligation	973,948	446,128
Contract liabilities	187,835	40,000
Economic Injury Disaster Loan	0	150,000
Paycheck Protection Program Loan	841,670	638,800
Long-term debt-net of discounts/issuance fees	18,378,841	482,443
Total Long-Term Liabilities	20,382,294	1,757,371
Total Liabilities	112,733,430	13,409,421
Commitments and contingencies
Redeemable common stock	301,052,617
STOCKHOLDERS’ DEFICIT & PARTNERS’ DEFICIT
General partners		(2,710,323)
Limited partners		(1,336,784)
Non-controlling - Series A convertible preferred units with shares of Class V common stock. 1,152,000 issued and outstanding as of December 31, 2021	37,670,161
Common Stock – Class A, $0.0001 par value; 685,440,000 shares authorized and 20,016,067 shares issued and outstanding	2,002
Accumulated deficit	(338,709,688)
Additional paid-in capital	241,872,747
Stockholders’ deficit or partners’ deficit	(59,164,778)
Stockholders’ deficit or partners’ deficit		(4,047,107)
Total	241,887,839
TOTAL LIABILITIES, REDEEMABLE COMMON AND DEFICIT	354,621,269	$ 9,362,314
Common Stock - Class V
LONG-TERM LIABILITIES
Redeemable common stock	$ 301,052,617

RELATED-PARTY TRANSACTIONS - Related Party Purchases (Details) - Affiliated Entity - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Coal purchases from related party	$ 1,098,328	$ 0
Fuel Service and Beneficial Use Agreement ("FBUA") \| Northampton Fuel Supply Company, Inc.
Related Party Transaction [Line Items]
Coal purchases from related party	163,412	0
Waste Coal Agreement (the “WCA”) \| Coal Valley Sales, LLC
Related Party Transaction [Line Items]
Coal purchases from related party	$ 934,916	$ 0

VARIABLE PREPAID FORWARD SALES CONTRACT DERIVATIVE (Details)		12 Months Ended
	Dec. 15, 2021 USD ($) bitcoin $ / bitcoin	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Derivative [Line Items]
Forward sale contract prepayment	$ 7,000,000	$ 7,000,000	$ 0
Forward sale contract		7,116,488	0
Changes in fair value of forward sale derivative		$ 116,488	$ 0
Compound Derivative Instrument
Derivative [Line Items]
Number of derivative instruments to be sold (in bitcoin) \| bitcoin	250
Derivative floor price (in dollars per bitcoin) \| $ / bitcoin	28,000
Forward sale contract prepayment	$ 7,000,000
Capped price (in dollars per bitcoin) \| $ / bitcoin	85,500

EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted


	April 1 to December 31, 2021
Numerator
Net Loss (1)	$	(27,255,329)
Less; net losses attributable to predecessor (1/1-3/31)	(238,948)
Less; net losses attributable to non-controlling interests	$	(15,803,234)
Net loss attributable to Class A common shareholders	$	(11,213,147)
Denominator
Weighted average shares of Class A common shares outstanding	5,518,752
Basic net loss per share	$	(2.03)

__________________

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


			December 31, 2021
Series A preferred units not yet exchanged for Common A shares			1,152,000
Class V common shares not yet exchanged for Class A common shares			27,057,600
Total			28,209,600

SUPPLEMENTAL CASH AND NON-CASH INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Supplementary cash flows disclosures as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Equipment financed with debt	$	45,793,381	$	931,890
Interest Paid	$	1,195,692	$	205,480

Supplementary non-cash financing activities as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Issued as part of equipment debt financing:
Warrants- WhiteHawk	$	1,999,396	$	—
Common Class A shares- NYDIG	1,389,888		—
Warrants issued as part of stock registrations- B.Riley Warrants	780,472		—
Series A redeemable and convertible preferred stock- Aspen Interest buyout	5,000,000		—
Series A redeemable and convertible preferred stock units- Panther Creek Acquisition	38,315,520		—
Premium Financing	6,890,509		—
Total	$	54,375,785	$	—

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES - Digital Currencies (Details)		12 Months Ended
	Dec. 15, 2021 USD ($) bitcoin $ / bitcoin	Dec. 31, 2021 USD ($) bitcoin	Dec. 31, 2020 USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Realized gain on sale of digital currencies		$ 149,858	$ 31,810
Impairments		(1,870,274)	0
Digital currencies, including restricted amounts		10,417,865
Forward sale contract prepayment	$ 7,000,000	7,000,000	0
Digital currencies restricted		2,699,644	0
Digital currencies		$ 7,718,221	228,087
Compound Derivative Instrument
Indefinite-lived Intangible Assets [Roll Forward]
Number of derivative instruments to be sold (in bitcoin) \| bitcoin	250
Derivative floor price (in dollars per bitcoin) \| $ / bitcoin	28,000
Capped price (in dollars per bitcoin) \| $ / bitcoin	85,500
Forward sale contract prepayment	$ 7,000,000
Number of derivative instruments pledged as collateral \| bitcoin		250
Digital currencies
Indefinite-lived Intangible Assets [Roll Forward]
Digital currencies at beginning of year		$ 228,087	15,436
Additions of digital currencies		12,494,581	339,456
Realized gain on sale of digital currencies		149,858	31,810
Impairments		(1,870,274)	0
Proceeds from sale of digital currencies		(584,387)	(158,615)
Digital currencies, including restricted amounts		$ 10,417,865	$ 228,087

INVENTORY (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Waste coal	$ 3,238,383	$ 342,476
Fuel oil	94,913	33,243
Limestone	38,958	21,173
TOTALS	$ 3,372,254	$ 396,892

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Dec. 31, 2021 $ / shares shares
Preferred stock, issued (in shares)	1,152,000
Preferred stock, outstanding (in shares)	1,152,000
Common stock, par value (in USD per share) \| $ / shares	$ 0.0001
Common stock, authorized (in shares)	685,440,000
Common stock, issued (in shares)	20,016,067
Common stock, outstanding (in shares)	20,016,067
Common Stock - Class V
Common stock - Class V, par value (in USD per share) \| $ / shares	$ 0.0001
Common stock - Class V, authorized (in shares)	34,560,000
Common stock - Class V, issued (in shares)	27,057,600
Common stock - Class V, outstanding (in shares)	27,057,600

COMMITMENTS AND CONTINGENCIES - Narrative (Details)																																9 Months Ended
COMMITMENTS AND CONTINGENCIES - Narrative (Details)	Sep. 01, 2022 USD ($)	Aug. 01, 2022 USD ($)	Jul. 01, 2022 USD ($)	Jun. 01, 2022 USD ($)	May 01, 2022 USD ($)	Apr. 01, 2022 USD ($)	Mar. 01, 2022 USD ($)	Feb. 01, 2022 USD ($)	Jan. 01, 2022 USD ($)	Dec. 01, 2021 USD ($)	Nov. 29, 2021 USD ($) miner	Nov. 26, 2021 USD ($) miner	Nov. 23, 2021 USD ($) miner	Nov. 18, 2021 USD ($)	Nov. 16, 2021 USD ($) miner installment	Nov. 01, 2021 USD ($)	Oct. 29, 2021 USD ($)	Oct. 28, 2021 USD ($) miner installment	Oct. 01, 2021 USD ($)	Sep. 01, 2021 USD ($)	Aug. 01, 2021 USD ($)	Jul. 01, 2021 USD ($)	Jun. 02, 2021 USD ($)	Jun. 01, 2021 USD ($)	May 01, 2021 USD ($)	Apr. 30, 2021 USD ($)	Apr. 02, 2021 USD ($) miner terahash	Apr. 01, 2021 USD ($) miner installment	Mar. 31, 2020 USD ($)	Jan. 31, 2020 USD ($)	Feb. 27, 2017 USD ($)	Sep. 30, 2022 installment	Dec. 31, 2021 USD ($) miner installment	Mar. 29, 2022 miner	Jan. 31, 2022 miner	Dec. 21, 2021 USD ($)	Dec. 16, 2021 USD ($) miner terahash	Dec. 15, 2021 USD ($)	Dec. 10, 2021 USD ($) miner segment	Dec. 07, 2021 USD ($) miner terahash	Nov. 30, 2021 USD ($) miner terahash
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner																																	43,580
Remaining commitment balance																																	$ 190,449,776
Purchases																$ 738,500
Unpaid amount																																	$ 44,191,094
Number of installments \| installment																												17
Pending Litigation \| McClymonds Supply & Transit Company, Inc. and DTA, L.P. vs. Scrubgrass Generating Company, L.P.
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages sought																													$ 6,747,328	$ 5,042,350
Pending Litigation \| Allegheny Mineral Corporation v. Scrubgrass Generating Company, L.P., Butler County Court of Common Pleas, No. AD 19-11039
Unrecorded Unconditional Purchase Obligation [Line Items]
Damages sought																															$ 1,300,000
Miner Equipment, Northern Data PA. LLC
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miner equipment \| miner																																							3,000
Hash rate (in terahash) \| segment																																							87
Price per miner																																							$ 6,960
Cumulative purchase price																																							$ 20,880,000
Master Equipment Finance Agreement Due December2023 \| Loans payable
Unrecorded Unconditional Purchase Obligation [Line Items]
Debt face amount																																						$ 53,952,000
Miner Equipment, Minerva, MinerVA
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner																											15,000						15,000
Total terahash delivered by miner (in terahash) \| terahash																											1,500,000
Price per miner																											$ 4,892.5
Refund																																	$ 3,999,980
Remaining commitment balance																											$ 73,387,500						69,387,550			$ 69,387,550
Percentage of purchase price																							20.00%				60.00%
Purchases																							$ 14,677,500				$ 44,032,500
Unpaid amount																																	$ 0
Number of miners delivered \| miner																																	1,000
Miner Equipment, Minerva, MinerVA \| Subsequent Event
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners delivered \| miner																																		3,200
Number of miners undelivered \| miner																																		12,000
Hardware, Nowlit Solutions Corp
Unrecorded Unconditional Purchase Obligation [Line Items]
Remaining commitment balance																																	$ 0
Purchases																										$ 5,657,432
Miner Equipment, Cryptech, Bitmain
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner																												2,400					2,400							1,000
Remaining commitment balance																				$ 7,807,000	$ 8,018,000	$ 8,229,000		$ 8,440,000	$ 8,651,000		8,862,000	$ 12,660,000					$ 12,660,000							$ 8,592,000
Percentage of purchase price																												30.00%					70.00%
Purchases										$ 738,500									$ 738,500	$ 211,000	$ 211,000	$ 211,000		$ 211,000	$ 211,000			$ 3,798,000					$ 3,270,500
Unpaid amount										$ 5,591,500						$ 6,330,000			$ 7,068,500								$ 8,862,000						$ 5,591,500
Number of miners per month \| miner																												200					200
Number of installments \| installment																																	8
Hash rate (in tershash) \| terahash																																								96
Miner Equipment, Cryptech, Bitmain \| Subsequent Event
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchases							$ 738,500	$ 738,500	$ 738,500
Unpaid amount							$ 3,376,000	$ 4,114,500	$ 4,853,000
Miner Equipment, Cryptech, Bitmain \| Forecast
Unrecorded Unconditional Purchase Obligation [Line Items]
Unpaid amount	$ 0	$ 527,500	$ 1,055,000	$ 1,582,500	$ 2,110,000	$ 2,637,500
Miner Equipment, Cryptech, Bitmain \| Forecast \| Subsequent Event
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchases	$ 527,500	$ 527,500	$ 527,500	$ 527,500	$ 527,500	$ 738,500
Number of installments \| installment																																9
Miner Equipment, Bitmain Technologies Limited
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner															1,800			12,000
Remaining commitment balance															$ 19,350,000			$ 75,000,000
Purchases																	$ 23,300,000
Number of miners per month \| miner															300			2,000
Number of installments \| installment															3			3
Delivery period															6 months			6 months
Miner Equipment, Bitmain Technologies Limited \| Miner Equipment, Bitmain Technologies Limited, Installment One
Unrecorded Unconditional Purchase Obligation [Line Items]
Percentage of purchase price															0.35%			25.00%
Purchases														$ 6,835,000
Miner Equipment, Bitmain Technologies Limited \| Miner Equipment, Bitmain Technologies Limited, Installment Two And Three
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchases														$ 4,550,000
Percentage of installment purchase price assigned														35.00%
Miner Equipment, Bitmain Technologies Limited \| Miner Equipment, Bitmain Technologies Limited, Installment Two
Unrecorded Unconditional Purchase Obligation [Line Items]
Remaining commitment balance																	$ 13,000,000
Percentage of purchase price															0.35%			35.00%
Percentage of installment purchase price assigned																	0.35%
Miner Equipment, Bitmain Technologies Limited \| Miner Equipment, Bitmain Technologies Limited, Installment Three
Unrecorded Unconditional Purchase Obligation [Line Items]
Percentage of purchase price															0.30%			40.00%
Miner Equipment, Nowlit Solutions Corp.
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner												295	190
Purchases												$ 2,486,730	$ 1,605,360
Miner Equipment, Luxor Technology Corporation
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner												770
Remaining commitment balance																																									$ 6,260,800
Purchases												$ 4,312,650
Miner Equipment, Luxor Technology Corporation \| Miner Equipment, Luxor Technology Corporation, Purchase One
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner											750																														400
Purchases											$ 5,357,300
Hash rate (in tershash) \| terahash																																									84
Miner Equipment, Luxor Technology Corporation \| Miner Equipment, Luxor Technology Corporation, Purchase Two
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner											500																														400
Purchases											$ 3,633,500
Hash rate (in tershash) \| terahash																																									88
Northern Data PA. LLC, WharsMiners
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner																																	4,280				4,280
Remaining commitment balance																																	$ 11,340,374				$ 11,340,373
Unpaid amount																																	$ 2,835,094
Hash rate (in tershash) \| terahash																																					100
Miner Equipment, Northern Data PA, LLC, M30S Miner
Unrecorded Unconditional Purchase Obligation [Line Items]
Price per miner																																					$ 2,714
Miner Equipment, Northern Data PA, LLC, M30S Miner \| Subsequent Event
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner																																			2,140
Miner Equipment, Northern Data PA, LLC, M30S+Miners
Unrecorded Unconditional Purchase Obligation [Line Items]
Price per miner																																					$ 3,520
Miner Equipment, Northern Data PA, LLC, M30S+Miners \| Subsequent Event
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners \| miner																																			2,140

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

OPERATING REVENUES

Operating revenues

$ 30,915,137

$ 4,118,384

OPERATING EXPENSES

Fuel

13,190,828

389,633

Operations and maintenance

15,492,763

3,305,833

General and administrative

14,955,626

2,269,525

Impairments on digital currencies

1,870,274

Depreciation and amortization

7,607,721

558,630

Total operating expenses

53,117,212

6,523,621

NET OPERATING LOSS

(22,202,075)

(2,405,237)

OTHER INCOME (EXPENSE)

Interest Expense

(4,622,655)

(205,480)

Gain on extinguishment of PPP loan

638,800

10,000

Realized gain on sale of digital currencies

149,858

31,810

Changes in fair value of warrant liabilities

(1,143,809)

Changes in fair value of forward sale derivative

(116,488)

Realized gain on sale of derivatives

1,207,131

Waste coal credits

47,752

1,188,210

Other income / (expense)

(6,712)

28,572

Total other income / (expense)

(5,053,254)

2,260,243

NET LOSS

(27,255,329)

(144,994)

NET LOSS - attributable to non-controlling interest

$ (15,803,234)

NET LOSS - attributable to predecessor (1/1-3/31) / Stronghold Digital Mining, Inc

(144,994)

NET LOSS attributable to Class A Common Shares

Basic (in USD per share)

^[1]

$ (2.03)

Diluted (in USD per share)

^[1]

$ (2.03)

Class A Common Shares Outstanding

Basic (in shares)

^[1]

5,518,752

Diluted (in shares)

^[1]

5,518,752

Energy

OPERATING REVENUES

Operating revenues

$ 11,870,817

518,397

Capacity

OPERATING REVENUES

Operating revenues

4,238,921

2,816,457

Cryptocurrency hosting

OPERATING REVENUES

Operating revenues

2,297,489

252,413

Cryptocurrency mining

OPERATING REVENUES

Operating revenues

12,494,581

339,456

Other

OPERATING REVENUES

Operating revenues

$ 13,329

$ 191,661

[1]

SEGMENT REPORTING

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTINGOperating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly in deciding how to allocate resources and in assessing performance. Our CEO is the primary decision-maker. The Company functions in two operating segments about which separate financial information is available as follows:

Reportable segment results for the years ended are as follows:


	December 31, 2021		December 31, 2020

Operating Revenues
Energy Operations	$	16,123,067	$	3,526,515
Cryptocurrency Operations	14,792,070		591,869
Total Operating Revenues	$	30,915,137	$	4,118,384
Net Operating Income/(Loss)
Energy Operations	$	(17,284,859)	$	(2,454,197)
Cryptocurrency Operations	(4,917,216)		48,960
Net Operating Loss	$	(22,202,075)	$	(2,405,237)
Other Income, net (a)	(5,053,254)		2,260,243
Net Loss	$	(27,255,329)	$	(144,994)
Depreciation and Amortization
Energy Operations	$	(1,305,402)	$	(558,630)
Cryptocurrency Operations	(6,302,319)		—
Total Depreciation & Amortization	$	(7,607,721)	$	(558,630)
Interest Expense
Energy Operations	$	(80,866)	$	(205,480)
Cryptocurrency Operations	(4,541,789)		—
Total Interest Expense	$	(4,622,655)	$	(205,480)

Assets, at December 31, 2021, by energy operations and cryptocurrency operations totaled $15,714,151 and $338,907,119, respectively. Assets at December 31, 2020 related to cryptocurrency operations were not significant.


	Energy Operations		Cryptocurrency Operations		Total


Cash	$	714,019	$	31,076,096	$	31,790,115
Cryptocurrencies	—		10,417,865		10,417,865
Accounts receivable	256,103		1,855,752		2,111,855
Prepaid Insurance	3,150,851		3,150,851		6,301,701
Inventory	3,372,254		—		3,372,254
Other current assets	—		661,640		661,640
Security Deposits	348,888		—		348,888
Equipment Deposits	—		130,999,398		130,999,398
Property, plant and equipment, net	5,911,638		160,745,517		166,657,155
Land	1,748,440		—		1,748,440
Bonds	211,958		—		211,958
	$	15,714,151	$	338,907,119	$	354,621,269

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

EQUIPMENT DEPOSITS (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Equipment Deposits

The following table details the total equipment deposits of $130,999,398 as of December 31, 2021:


Vendor	Model	Count	Delivery Timeframe	Total Commitments		Unpaid [A]		Transferred to PP&E [B]		Equipment Deposits
MinerVa [C]	MinerVA	15,000	Oct '21 - Apr '22	$	69,387,550	$	—	$	(4,542,572)	$	64,844,978
Cryptech	Bitmain	2,400	Nov '21 - Oct '22	12,660,000		(5,591,500)		—		7,068,500
Northern Data	MicroBT	9,900	Oct '21 - Jan '22	22,061,852		—		(10,716,712)		11,345,140
Bitmain Technologies Limited	Antminer	12,000	Apr '22 - Dec '22	75,000,000		(35,764,500)		—		39,235,500
Northern Data PA. LLC	WharsMiners	4,280	Jan '22 - June '22	11,340,374		(2,835,094)		—		8,505,280
Totals		43,580		$	190,449,776	$	(44,191,094)	$	(15,259,284)	$	130,999,398

[A] Future commitments still owed to each vendor. Refer to Note 8 - Commitments and Contingencies for further details.

[B] Miners that are delivered and physically placed in service are transferred to a fixed asset account at the respective unit price as defined in the agreement.

[C] Refer to Note 8 - Commitments and Contingencies for a $3,999,980 refund that reduced the total commitments to $69,387,550 for this vendor.

Representing nine installments remaining through September 2022:


				Remaining
		Purchase Price		$	12,660,000
		April 2021 - 30%		$	(3,798,000)
#	Date	After down payment		$	8,862,000
1	05/01/21	$	(211,000)	$	8,651,000
3	06/01/21	$	(211,000)	$	8,440,000
4	07/01/21	$	(211,000)	$	8,229,000
5	08/01/21	$	(211,000)	$	8,018,000
6	09/01/21	$	(211,000)	$	7,807,000
7	10/01/21	$	(738,500)	$	7,068,500
8	11/01/21	$	(738,500)	$	6,330,000
9	12/01/21	$	(738,500)	$	5,591,500
10	01/01/22	$	(738,500)	$	4,853,000
11	02/01/22	$	(738,500)	$	4,114,500
12	03/01/22	$	(738,500)	$	3,376,000
13	04/01/22	$	(738,500)	$	2,637,500
14	05/01/22	$	(527,500)	$	2,110,000
15	06/01/22	$	(527,500)	$	1,582,500
16	07/01/22	$	(527,500)	$	1,055,000
17	08/01/22	$	(527,500)	$	527,500
18	09/01/22	$	(527,500)	$	—

STOCK ISSUED UNDER MASTER FINANCING AGREEMENTS AND WARRANTS

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

STOCK ISSUED UNDER MASTER FINANCING AGREEMENTS AND WARRANTS

Stock Issued as Part of an Equipment Financing Agreement

Arctos Credit LLC (NYDIG)

On June 25, 2021, the Company entered into a $34,481,700 ("Maximum Advance Amount") master equipment financing agreement with an affiliate of Arctos Credit, LLC (“Arctos,” now known as “NYDIG”) (the “Arctos/NYDIG Financing Agreement”). As part of this agreement, NYDIG was issued a total of 126,274 shares of common stock of Stronghold Inc. The effective date of this issuance was as of the commencement date of the agreement. On July 2, 2021, the Company received two separate loans, against the $34,481,700, totaling $24,157,178 (net of debt issuance fees). The loans each have a maturity date of July 23, 2023, where the full outstanding principal amount of the loans is due and payable. Interest for each of the loans is set at 10% per annum.

As of December 31, 2021, the fair value at the date of issuance (i.e.- June 25, 2021) of the 126,274 common shares or $1,389,888 is presented on the balance sheet as debt discounts that offsets the net proceeds of the loans; and is being amortized using the straight-line method over the terms of the loans (refer to Note 6 - Long-Term Debt for further details). For the twelve months ended December 31, 2021, the Company recorded $173,736 of interest expense related to the amortization of these stock issued debt discounts.

In addition, the agreement stipulates a "Standby Fee" if, prior to August 15, 2021, the Company has failed to take advances from NYDIG equal to the total agreement amount of $34,481,700. The Standby Fee is calculated as 1.75% times the remaining principal that has not been borrowed; or $10,256,922 as of December 31, 2021. As a result, the Company paid a total Standby Fee of $208,816 during the year ended December 31, 2021.

Refer to Note 32 - Subsequent Events for details of an amendment to this agreement.

MinerVa Semiconductor Corp

On April 2, 2021, the Company entered into a purchase agreement with MinerVa for the acquisition of 15,000 of their MV7 ASIC SHA256 model cryptocurrency miner equipment with a total terahash to be delivered equal to 1.5 million terahash (total terahash). In the exchange for the delivery of the total terahash, MinerVa will be granted 443,848 shares of Stronghold Inc. As of December 31, 2021 approximately 1,000 MinerVa miners had been delivered, but the Company is committed to take delivery of the MinerVa miners if they are delivered in the future. Because the final delivery was not made as of December 31, 2021; the shares have not been deemed issued as of December 31, 2021.

Warrants

WhiteHawk Finance LLC

On June 30, 2021, Equipment LLC entered into a $40,000,000 promissory note (the “WhiteHawk Promissory Note”) with White-Hawk Finance LLC (the “Lender” or “WhiteHawk”). The note has a maturity date of June 23, 2023, where the full outstanding principal amount of the note is due and payable. Interest for the note is set at 10% per annum. On June 30, 2021, Equipment LLC also entered into a Stock Purchase Warrant agreement with the Lender, where Equipment LLC was issued 181,705 warrants to purchase shares of Class A common stock of Equipment LLC to the Lender.

The warrants are exercisable by the Lender at any time during a ten-year term at $0.01 per share of common stock. The warrants are legally detachable and can separately be exercised.

The fair value for the warrants, as of the issuance date, is $1,999,396 and is recorded as equity with the offset recorded as a debt discount against the net proceeds. The proceeds of $40,000,000 are allocated to the WhiteHawk Promissory Note and the warrants are being amortized based on the straight-line method over the 24 month term of the note. For the year December 31, 2021, the Company has recorded interest expense of $249,925 associated with the amortized debt discount.

B. Riley Securities, Inc.

On each of April 1, 2021 and May 14, 2021, the Company entered into a warrant agreement with American Stock Transfer & Trust Company (the “Warrant Agent”). B. Riley Securities, Inc. acted as the Company’s placement agent in connection with the Private Placements. In connection therewith, the Company issued B. Riley Securities, Inc. (i) a five-

year warrant to purchase up to 97,920 shares of Series A Preferred Stock at a per share exercise price of $8.68 and (ii) a five-year warrant to purchase up to 18,170 shares of Series B Preferred Stock at a per share exercise price of $11.01. In each case the exercise price was equal to the respective private placement per share price. B. Riley Securities, Inc. and its affiliates purchased 439,200 and 91,619 shares of Series A Preferred Stock and Series B Preferred Stock, respectively, at the same private placement per share price.

The warrants contain standard limitations and representations and are exercisable for a period of five years from the date of the Private Placements. The warrants are legally detachable and separately exercisable. The accounting for warrants on redeemable shares follows the guidance in ASC 480-10-25-8 through 25-13. Those paragraphs address the classification of instruments, other than an outstanding share, that have both of the following characteristics:

•The instrument embodies an obligation to repurchase the issuer’s equity shares, or is indexed to such an obligation.

•The instrument requires or may require the issuer to settle the obligation by transferring assets.

As of October 22, 2021 (the closing date of the initial public offering of shares of Class A common stock), the purchase redemption rights of the Series A Preferred Stock and Series B Preferred Stock, described above, were extinguished and each of the warrants were transferred to equity with a fair value as of the initial public offering date. Each warrant can now be converted to one share of Class A common stock at par value of $.0001 per share. The final fair value as of October 19, 2021, of each of the warrants, was calculated using the Black-Scholes option-pricing model with the following assumptions:

Series A


	As of						Changes in Fair Value Inputs
	April 1, 2021			October 19, 2021
Expected volatility	100.2		%	117.6		%	17.4		%
Expected life (in years)	4.83			4.83			0
Risk-free interest rate	0.9		%	1.2		%	0.3		%
Expected dividend yield	0.00		%	0.00		%	0.0		%
Fair value	$	631,897		$	1,628,311		$	996,414

On April 1, 2021, the Company recorded a liability of $631,897, and as a debt issuance cost against the Preferred Shares. As of December 31, 2021, the fair value of this liability is $0, and the fair value now reclassified as equity, is $1,628,311. For the year ended December 31, 2021, the Company recognized a loss of $996,414 as part of the changes in fair value of warrant liabilities expense.

Series B


	As of						Changes in Fair Value Inputs
	May 14, 2021			October 19, 2021

Expected volatility	100.2		%	117.6		%	17.4		%
Expected life (in years)	4.8			4.8			0
Risk-free interest rate	0.9		%	1.2		%	0.3		%
Expected dividend yield	0.00		%	0.00		%	0.0		%
Fair value	$	148,575		$	295,970		$	147,395

On May 14, 2021, the Company recorded a liability of $148,575, and as a debt issuance cost against the Mezzanine Equity. As of December 31, 2021, the fair value of this liability is $0, and the fair value, now reclassified as equity, is $295,970. For the year ended December 31, 2021, the Company recognized a loss of $147,395 as part of the changes in fair value of warrant liabilities expense.

Total fair value of the Series A and Series B warrants now shown in equity is $1,924,281.

ACQUISITION - Fair Value of Identifiable Assets and Liabilities as of Acquisition Date (Details) - Panther Creek Power Operating LLC	Nov. 02, 2021 USD ($) shares
The purchase price allocation is as follows (in thousands):
Cash and cash equivalents	$ 491,000
Accounts receivable - trade	831,000
Prepaids and other current assets	429,000
Materials and supplies	1,559,000
Land and Rights of Way	1,727,000
Property, plant and equipment	43,782,000
Accounts payable	(2,943,000)
Accrued expenses	(298,000)
Due to related parties	(73,000)
Total identifiable assets and liabilities	45,505,000
Purchase price consideration	45,505,000
Equity interest issued value	$ 38,316,000
Equity interest issued (in shares) \| shares	1,152,000
Payment to acquire asset, net of cash acquired	$ 2,192,000
Percentage of land closing costs share	50.00%
Land closing costs share amount	$ 808,000
Asset Retirement Obligation
The purchase price allocation is as follows (in thousands):
Asset acquisition, consideration transferred, liabilities incurred	501,000
Notes Payable, Other Payables
The purchase price allocation is as follows (in thousands):
Asset acquisition, consideration transferred, liabilities incurred	218,000
Legal and Professional Fees
The purchase price allocation is as follows (in thousands):
Asset acquisition, consideration transferred, liabilities incurred	613,000
Existing Relationship Payables
The purchase price allocation is as follows (in thousands):
Asset acquisition, consideration transferred, liabilities incurred	$ 3,665,000

SUBSEQUENT EVENTS (Details)			1 Months Ended
SUBSEQUENT EVENTS (Details)	Jan. 11, 2022 nonemployee_director shares	Jan. 03, 2022 USD ($) miner petahash J container day	Feb. 28, 2022 USD ($)	Mar. 29, 2022 miner	Mar. 28, 2022 USD ($) miner $ / shares $ / terahash shares	Jan. 31, 2022 USD ($) miner	Jan. 10, 2022 USD ($) shares	Dec. 31, 2021 USD ($) miner	Dec. 15, 2021 USD ($)	Jun. 30, 2021 USD ($)	Apr. 14, 2021 miner	Apr. 02, 2021 miner	Dec. 31, 2020 USD ($)
Subsequent Event [Line Items]
Number of miners \| miner								43,580
Long-term debt, gross								$ 73,874,963					$ 931,890
Minerva, MinerVA
Subsequent Event [Line Items]
Number of miners \| miner								15,000				15,000
Number of miners delivered \| miner								1,000
Northern Data, MicroBT
Subsequent Event [Line Items]
Number of miners \| miner								9,900			9,900
Master Equipment Finance Agreement Due December2023 \| Loans payable
Subsequent Event [Line Items]
Debt face amount									$ 53,952,000
Long-term debt, gross								$ 18,559,488
$40,000,000 loan, with interest at 10.00% due June 2023. \| Loans payable
Subsequent Event [Line Items]
Amendment fee								250,000
Debt face amount								40,000,000		$ 40,000,000
Long-term debt, gross								$ 30,734,045					$ 0
Subsequent Event \| Non-Employee Directors Compensation Policy
Subsequent Event [Line Items]
Number of nonemployee directors issued common stock shares \| nonemployee_director	4
Subsequent Event \| Miner Equipment, Northern Data PA, LLC, M30S+Miners
Subsequent Event [Line Items]
Number of miners \| miner						2,140
Subsequent Event \| Miner Equipment, Northern Data PA, LLC, M30S Miner
Subsequent Event [Line Items]
Number of miners \| miner						2,140
Subsequent Event \| Minerva, MinerVA
Subsequent Event [Line Items]
Number of miners delivered \| miner				3,200
Number of miners exchanged for collateral \| miner					11,700
Number of miners undelivered \| miner				12,000
Subsequent Event \| Northern Data, MicroBT
Subsequent Event [Line Items]
Number of miners \| miner					2,675
Miner equipment, cost per terrahash (in USD per terrahash) \| $ / terahash					37.5
Subsequent Event \| Asset Purchase Agreement with Treis Blockchain LLC
Subsequent Event [Line Items]
Initial purchase price		$ 7,000,000
Number of miners acquired \| miner		1,000
Number of petahash per second (at least) \| petahash		60
Number of joules per terahash \| J		60
Number of power containers acquired \| container		5
Average daily price of bitcoin , trigger amount		$ 100,000
Number of consecutive days of average daily price of bitcoin (in days) \| day		15
Average daily price of bitcoin trigger met, one-time payment due		$ 200,000
Average daily price of bitcoin trigger met, one-time payment due, period		5 days
Subsequent Event \| Asset Purchase Agreement with Treis Blockchain LLC \| Forty Foot Container with Three 600-Amp Panels and Raritan PX2-5956XV Power Distribution Units
Subsequent Event [Line Items]
Number of power containers acquired \| container		3
Subsequent Event \| Asset Purchase Agreement with Treis Blockchain LLC \| Forty Foot Container with Two 600-Amp Panels and Raritan PX2-5956XV Power Distribution Units
Subsequent Event [Line Items]
Number of power containers acquired \| container		1
Subsequent Event \| Asset Purchase Agreement with Treis Blockchain LLC \| Digital Shovel Container with Five Data Pods and One Power Pod
Subsequent Event [Line Items]
Number of power containers acquired \| container		1
Subsequent Event \| Asset Purchase Agreement with Treis Blockchain LLC \| Three, 40 Foot Containers
Subsequent Event [Line Items]
Number of miners powered by acquired containers \| miner		240
Subsequent Event \| Asset Purchase Agreement with Treis Blockchain LLC \| One, 40 Foot Containers
Subsequent Event [Line Items]
Number of miners powered by acquired containers \| miner		144
Subsequent Event \| Asset Purchase Agreement with Treis Blockchain LLC \| One Digital Shovel Container
Subsequent Event [Line Items]
Number of miners powered by acquired containers \| miner		405
Subsequent Event \| Share-based Payment Arrangement, Nonemployee \| Non-Employee Directors Compensation Policy
Subsequent Event [Line Items]
Option grants per individual (in shares) \| shares							10,000
Annual retainer amount							$ 100,000
Aggregate minimum annual retainer amount							$ 500,000
Common stock, issued (in shares) \| shares	4,811
Subsequent Event \| Loan For Equipment Due June 2023, Two and Three \| Loans payable
Subsequent Event [Line Items]
Additional borrowing capacity amount						$ 12,622,816
Amendment fee						$ 504,912
Proceeds from additional borrowing			$ 12,622,816
Payments of debt issuance costs			504,912
Subsequent Event \| Master Equipment Finance Agreement Due December2023 \| Loans payable
Subsequent Event [Line Items]
Long-term debt, gross			29,224,000
Unused borrowing capacity, amount			24,728,000
Subsequent Event \| Master Equipment Finance Agreement Due December2023, Three Additional Tranches \| Loans payable
Subsequent Event [Line Items]
Debt face amount			$ 10,664,512
Subsequent Event \| $40,000,000 loan, with interest at 10.00% due June 2023. \| Loans payable
Subsequent Event [Line Items]
Additional borrowing capacity amount					$ 25,000,000
Amendment fee					275,414.4
Closing fee					$ 500,000
Warrants issued during period (in shares) \| shares					125,000
Warrant exercise price of warrants (in USD per share) \| $ / shares					$ 0.01

INITIAL PUBLIC OFFERING	12 Months Ended
INITIAL PUBLIC OFFERING	Dec. 31, 2021
Equity [Abstract]
INITIAL PUBLIC OFFERING	INITIAL PUBLIC OFFERINGOn October 19, 2021, by unanimous written consent, the Board and a newly formed Pricing Committee approved the issuance and sale by the Company of its Class A common stock, par value $.0001 per share, in an initial public offering (the "IPO") to be underwritten by a group of underwriters to be named in the underwriting agreement dated October 19, 2021, by and among the Company and B. Riley Securities, Inc. and Cowen and Company, LLC, as representatives of the other underwriters named therein (the "Underwriting Agreement"). The Board unanimously approved the issuance and sale by the Company in the IPO of up to 7,690,400 shares of Class A common stock (which includes 6,687,305 firm shares and up to 1,003,095 shares of Class A common Stock that may be issued and sold to cover over allotments, if any) through the Underwriters, for a price to the public per share of $19.00, less underwriting discounts and commissions of $1.33 per share, as more fully set forth in the Underwriting Agreement. Total net proceeds raised, after deducting underwriting discounts and commissions and estimated offering expenses, were $131.5 million.

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Additionally, since there are no differences between net income and comprehensive income, all references to comprehensive income have been excluded from the consolidated financial statements.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash	Cash and cash equivalents consist of short-term, highly liquid investments with original maturities of three months or less. The Company maintains its cash in non-interest bearing accounts that are insured by the Federal Deposit Insurance Company up to $250,000. The Company’s deposits may, from time to time, exceed the $250,000 limit; however, management believes that there is no unusual risk present, as the Company places its cash with financial institutions which management considers being of high quality.
Digital Currencies	Digital currencies are included in current assets in the reported balance sheets and are considered an intangible asset with an indefinite useful life. Digital currencies are recorded at cost less any impairment. Currently Bitcoin constitutes the only cryptocurrency the Company mines or holds in material amounts. Cryptocurrencies held are accounted for as intangible assets with indefinite useful lives. An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value, which is measured using the quoted price of the cryptocurrency at the time its fair value is being measured. In testing for impairment, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that an impairment exists. If it is determined that it is not more likely than not that an impairment exists, a quantitative impairment test is not necessary. However, in most cases the Company’s qualitative assessment indicates impairment when the quoted price of the cryptocurrency subsequently falls below its carrying amount and we are required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted.
Accounts Receivable	Accounts receivable are stated at the amount management expects to collect from balances outstanding at year end. An allowance for doubtful accounts is provided when necessary and is based upon management’s evaluation of outstanding accounts receivable at year end. The potential risk is limited to the amount recorded in the financial statements.
Inventory	Waste coal, fuel oil and limestone are valued at the lower of average cost or net realizable value and includes all related transportation and handling costs. The Company performs periodic assessments to determine the existence of obsolete, slow-moving, and unusable inventory and records necessary provisions to reduce such inventories to net realizable value.
Derivative Contracts	In accordance with guidance on accounting for derivative instruments and hedging activities all derivatives should be recognized at fair value. Derivatives or any portion thereof, that are not designated as, and effective as, hedges must be adjusted to fair value through earnings. Derivative contracts are classified as either assets or liabilities on the accompanying combined balance sheets. Certain contracts that require physical delivery may qualify for and be designated as normal purchases/normal sales. Such contracts are accounted for on an accrual basis. The Company uses derivative instruments to mitigate its exposure to various energy commodity market risks. The Company does not enter into any derivative contracts or similar arrangements for speculative or trading purposes. The Company will, at times, sell its forward unhedged electricity capacity to stabilize its future operating margins. As of December 31, 2021 and December 31, 2020, there are no open energy commodity derivatives outstanding. The Company also uses derivative instruments to mitigate the risks of Bitcoin market pricing volatility. The Company entered into a variable prepaid forward sale contract that mitigates Bitcoin market pricing volatility risks between a low and high collar of Bitcoin market prices during the contract term. This contract settles in September 2022. The contract meets the definition of a derivative transaction pursuant to guidance under ASC 815 and is considered a compound derivative instrument which is required to be presented at fair value subject to remeasurement each reporting period. The changes in fair value are recorded as changes in fair value of forward sale derivative as part of earnings.
Fair Value Measurements	The Company measures at fair value certain of its financial and non-financial assets and liabilities by using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The levels of the fair value hierarchy are: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities; Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data; and Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
Property, Equipment and Cryptocurrency Machines	Property and equipment are recorded at cost. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance and repairs are charged to expense as incurred. The Company records all assets associated with the cryptocurrency mining operations at cost. These assets are comprised of storage trailers and the related electrical components. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the remaining estimated useful lives (“EUL”) of the related assets using the straight-line method. The Company’s depreciation is based on its Facility being considered a single property unit. Certain components of the Facility may require replacement or overhaul several times over its estimated life. Costs associated with overhauls are recorded as an expense in the period incurred. However, in instances where a replacement of a Facility component is significant and the Company can reasonably estimate the original cost of the component being replaced, the Company will write-off the replaced component and capitalize the cost of the replacement. The component will be depreciated over the lesser of the EUL of the component or the remaining useful life of the Facility. The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of property and equipment may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of property and equipment. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property and equipment is used, and the effects of obsolescence, demand, competition, and other economic factors. Management has assessed the basis of depreciation of the Company’s cryptocurrency machines used to verify digital currency transactions and generate digital currencies and believes they should be depreciated over a two-year period. The rate at which the Company generates digital assets and, therefore, consumes the economic benefits of its transaction verification servers, is influenced by a number of factors including the following: 1.The complexity of the transaction verification process which is driven by the algorithms contained within the Bitcoin open source software; 2.The general availability of appropriate computer processing capacity on a global basis (commonly referred to in the industry as hashing capacity which is measured in petahash units); and 3.Technological obsolescence reflecting rapid development in the transaction verification server industry such that more recently developed hardware is more economically efficient to run in terms of digital assets generated as a function of operating costs, primarily power costs, (i.e., the speed of hardware evolution in the industry is such that later hardware models generally have faster processing capacity combined with lower operating costs and a lower cost of purchase). The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has determined that two years best reflects the current expected useful life of transaction verification servers. This assessment takes into consideration the availability of historical data and management’s expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimate as and when data becomes available. To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period either as a result of changes in circumstances or through the availability of greater quantities of data then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets.
Asset Retirement Obligations	Asset retirement obligations, including those conditioned on future events, are recorded at fair value in the period in which they are incurred, if a reasonable estimate of fair value can be made. The associated asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset in the same period. In each subsequent period, the liability is accreted to its present value and the capitalized cost is depreciated over the EUL of the long-lived asset. If the asset retirement obligation is settled for other than the carrying amount of the liability, the Company recognizes a gain or loss on settlement. The Company’s asset retirement obligation represents the cost the Company would incur to perform environmental clean-up or dismantle certain portions of the Facility.
Impairment of Long-Lived Assets	In conjunction with ASC 360 - Property, Plant and Equipment, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. A long-lived asset or asset group that is held and used must be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset or asset group might not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to undiscounted future cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.
Revenue Recognition	The Company recognizes revenue under ASC 606, Revenue from Contracts with Customers. The core principle of this revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle: 1.Step 1: Identify the contract with the customer 2.Step 2: Identify the performance obligations in the contract 3.Step 3: Determine the transaction price 4.Step 4: Allocate the transaction price to the performance obligations in the contract 5.Step 5: Recognize revenue when the Company satisfies a performance obligation In order to identify the performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised good or service that is distinct. A performance obligation meets ASC 606’s definition of a “distinct” good or service (or bundle of goods or services) if both of the following criteria are met: the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer (i.e., the good or service is capable of being distinct), and the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the good or service is distinct within the context of the contract). If a good or service is not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity must consider the effects of all of the following: •Variable consideration •Constraining estimates of variable consideration •The existence of a significant financing component in the contract •Noncash consideration •Consideration payable to a customer Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The transaction price is allocated to each performance obligation on a relative standalone selling price basis. The transaction price allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over time as appropriate. There is currently no specific definitive guidance under GAAP or alternative accounting framework for the accounting for cryptocurrencies recognized as revenue or held, and management has exercised significant judgment in determining the appropriate accounting treatment. In the event authoritative guidance is enacted by the Financial Accounting Standards Board (the "FASB"), the Company may be required to change its policies, which could have an effect on the Company’s consolidated financial position and results from operations. Fair value of the digital asset award received is determined using the quoted price of the related cryptocurrency at the time of receipt. The Company’s policies with respect to its revenue streams are detailed below. Energy Revenue The Company operates as a market participant through PJM Interconnection, a Regional Transmission Organization (“RTO”) that coordinates the movement of wholesale electricity. The Company sells energy in the wholesale generation market in the PJM RTO. Energy revenues are delivered as a series of distinct units that are substantially the same and that have the same pattern of transfer to the customer over time and are therefore accounted for as a distinct performance obligation. The transaction price is based on pricing published in the day ahead market which constitute the stand-alone selling price. Energy revenue is recognized over time as energy volumes are generated and delivered to the RTO (which is contemporaneous with generation), using the output method for measuring progress of satisfaction of the performance obligation. The Company applies the invoice practical expedient in recognizing energy revenue. Under the invoice practical expedient, energy revenue is recognized based on the invoiced amount which is considered equal to the value provided to the customer for the Company’s performance obligation completed to date. Reactive energy power is provided to maintain a continuous voltage level. Revenue from reactive power is recognized ratably over time as the Company stands ready to provide it if called upon by the PJM RTO. Capacity Revenue The Company provides capacity to a customer through participation in capacity auctions held by the PJM RTO. Capacity revenues are a series of distinct performance obligations that are substantially the same and that have the same pattern of transfer to the customer over time and are therefore accounted for as a distinct performance obligation. The transaction price for capacity is market-based and constitutes the stand-alone selling price. As capacity represents the Company’s stand-ready obligation, capacity revenue is recognized as the performance obligation is satisfied ratably over time, on a monthly basis, since the Company stands ready equally throughout the period to deliver power to the PJM RTO if called upon. The Company applies the invoice practical expedient in recognizing capacity revenue. Under the invoice practical expedient, capacity revenue is recognized based on the invoiced amount which is considered equal to the value provided to the customer for the Company’s performance obligation completed to date. Penalties may be assessed by the PJM RTO against generation facilities if the facility is not available during the capacity period. The penalties assessed by the PJM RTO, if any, are recorded as a reduction to capacity revenue when incurred. Cryptocurrency Hosting The Company has entered into customer hosting contracts whereby the Company provides electrical power to cryptocurrency mining customers, and the customers pay a stated amount per megawatt-hour (“MWh”) (“Contract Capacity”). This amount is paid monthly in advance. Amounts used in excess of the Contract Capacity are billed based upon calculated formulas as contained in the contracts. If any shortfalls occur to due to outages, make-whole payment provisions contained in the contracts are used to offset the billings to the customer which prevented them from cryptocurrency mining. Advanced payments and customer deposits are reflected as contract liabilities. Cryptocurrency Mining The Company has entered into digital asset mining pools by executing contracts, as amended from time to time, with the mining pool operators to provide computing power to the mining pool. The contracts are terminable at any time by either party and the Company’s enforceable right to compensation only begins when the Company provides computing power to the mining pool operator. In exchange for providing computing power, the Company is entitled to a fractional share of the fixed cryptocurrency award the mining pool operator receives (less digital asset transaction fees to the mining pool operator which are recorded as a component of cost of revenues), for successfully adding a block to the blockchain. The terms of the agreement provide that neither party can dispute settlement terms after thirty-five days following settlement. The Company’s fractional share is based on the proportion of computing power the Company contributed to the mining pool operator to the total computing power contributed by all mining pool participants in solving the current algorithm. Providing computing power in digital asset transaction verification services is an output of the Company’s ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contracts with mining pool operators. The transaction consideration the Company receives, if any, is noncash consideration, which the Company measures at fair value on the date received, which is not materially different than the fair value at contract inception or the time the Company has earned the award from the pools. The consideration is all variable. Because it is not probable that a significant reversal of cumulative revenue will not occur, the consideration is constrained until the mining pool operator successfully places a block (by being the first to solve an algorithm) and the Company receives confirmation of the consideration it will receive, at which time revenue is recognized. There is no significant financing component in these transactions. Fair value of the cryptocurrency award received is determined using the quoted price of the related cryptocurrency at the time of receipt. There is currently no specific definitive guidance under GAAP or alternative accounting framework for the accounting for cryptocurrencies recognized as revenue or held, and management has exercised significant judgment in determining the appropriate accounting treatment. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies, which could have an effect on the Company’s consolidated financial position and results from operations.
Waste Coal Credits	Waste coal credits are issued by the Commonwealth of Pennsylvania. Facilities that generate electricity by using coal refuse for power generation, control acid gases for emission control, and use the ash produced to reclaim mining-affected sites are eligible for such credits. Income related to these credits is recorded upon cash receipt and within other income.Renewable Energy Credits (“RECs”)The Company uses coal refuse, which is classified as a Tier II Alternative Energy Source under Pennsylvania law, to produce energy to sell to the open market (“the grid”). A third party acts as the benefactor, on behalf of the Company, in the open market and is invoiced as RECs are realized. These credits are recognized as a contra-expense to offset the fuel costs to produce this refuse.
Waste Ash Sales	The Company sells fly ash and scrubber material collected. This is a by-product from their coal refuse reclamation used as fuel. Buyer pays 50% of a resale price, up to 50,000 tons, unless agreed to in writing to exceed this weight limit, Income related to these sales are recorded within other income.
Stock Based Compensation	For equity-classified awards, compensation expense is recognized over the requisite service period based on the computed fair value on the grant date of the award. Equity classified awards include the issuance of stock options and restricted stock units (“RSUs”).
Notes Payable	The Company records notes payable net of any discounts or premiums. Discounts and premiums are amortized as interest expense or income over the life of the note in such a way as to result in a constant rate of interest when applied to the amount outstanding at the beginning of any given period.
Warrant Liabilities	The Company records warrant liabilities at their fair value as of the balance sheet date, and recognizes changes in the balances, over the comparative periods of either the issuance date or the last reporting date, as part of changes in fair value of warrant liabilities expense. At the issuance date, each series of warrants were convertible and redeemable to preferred stock. As of October 22, 2021 (the closing date of the IPO (as defined below)), all preferred stock converted to common stock one for one. As such, the warrant liability was revalued and reclassified to equity due to the equity offering and conversion as common shares.
Segment Information	Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”). The role of the CODM is to make decisions about allocating resources and assessing performance. The Company’s operations are based on its Energy Operations and Cryptocurrency Operations and thus the Company concluded its business operates in two operating segments. The CODM reviews financial information presented on each of these two operating segments for purposes of allocating resources and evaluating financial performance. The Company’s chief executive officer has been identified as its CODM. The Company's two operating segments are also its reportable segments: Energy Operations and Cryptocurrency Operations.
Common Stock - Class V	The Company accounts for the 56.1% interest represented by the Class V common stock outside of permanent equity as a result of certain redemption rights held by the holders that are outside the control of the Company. As such, the Company adjusts the Common Stock - Class V to its maximum redemption amount at the balance sheet date, if higher than the carrying amount. The redemption amount is based on a third-party valuation methodology of the Company’s Class A common stock at the end of the reporting period. Changes in the redemption value are recognized immediately as they occur, as if the end of the reporting period was also the redemption date for the instrument, with an offsetting entry to accumulated deficit. For each share of Class V common stock outstanding, there is a corresponding outstanding Class A common unit of Stronghold LLC. The redemption of any share of Class V common stock would be accompanied by a concurrent redemption of the corresponding Class A common unit of Stronghold LLC, such that both the share of Class V common stock and the corresponding Class A common unit of Stronghold LLC are redeemed as a combined unit in exchange for either a single share of Class A common stock or cash of equivalent value based on the fair value of the Class A common stock at the time of the redemption. For accounting purposes, the value of the Class A common units of Stronghold LLC is attributed to the corresponding shares of Class V common stock on the December 31, 2021 balance sheet.
Loss per Share	Basic net (loss) income per share (“EPS”) of common stock is computed by dividing net loss by the weighted average number of shares of common stock outstanding or shares subject to exercise for a nominal value during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.
Income Taxes	Reorganization Upon completion of the Reorganization, the Company is organized as an “Up-C” structure in which substantially all of the assets and business of the consolidated Company are held by Stronghold Inc. through its subsidiaries, and the Company’s direct assets largely consist of cash and investments in subsidiaries. For income tax purposes, the portion of the Company’s earnings allocable to Stronghold Inc. is subject to corporate income tax rates at the federal and state levels. Therefore, the income taxes recorded prior to the Reorganization are not representative of the income taxes after the Reorganization. The Company accounts for income taxes under the asset and liability method, in which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is required to the extent any deferred tax assets may not be realizable. Based on the Company’s evaluation and application of ASC Topic 740, Income Taxes (“ASC 740”), the Company has determined that the utilization of the deferred tax assets is not more likely than not, and therefore the Company has recorded a valuation allowance against the net deferred tax assets of the Company. Factors contributing to this assessment include the Company’s cumulative and current losses, as well as the evaluation of other sources of income as outlined in ASC 740. The Company continues to evaluate the likelihood of the utilization of deferred tax assets, and while the valuation allowance remains in place, we expect to record no deferred income tax expense or benefit. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. Based on the Company's evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company's consolidated financial statements. Although the Company has not yet filed a corporate tax return, the basis of tax positions applied to our tax provisions substantially comply with applicable federal and state regulations. We acknowledge the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made. As of December 31, 2021, the Company's tax years ended December 31, 2018 through 2021 are open for potential examination by taxing authorities. Certain of Stronghold Inc.’s subsidiaries are structured as flow-through entities; and therefore the taxable income or loss of such subsidiaries is included in the income tax returns of the partners, including Stronghold Inc. Application of ASC 740 to these entities results in no recognition of federal or state income taxes at the entity level. The portion of such subsidiaries' activities that are allocable to the Company will increase the Company’s taxable income or loss and be accounted for under ASC 740 at the Company. Prior to the Reorganization Scrubgrass and Stronghold LLC were structured as a limited partnership and limited liability company, respectively; therefore the taxable income or loss of the Company is included in the income tax returns of the individual partners. Accordingly, no recognition has been given to federal or state income taxes in the accompanying financial statements. Two of Scrubgrass' subsidiaries, Clearfield and Leechburg, are corporations for federal and state income tax purposes. Income taxes attributable to Clearfield and Leechburg are provided based on the asset and liability method of accounting pursuant to the Income Taxes Topic of FASB ASC 740, both prior to and subsequent to the Reorganization. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all, of the deferred tax asset will not be realized. Clearfield and Leechburg have not recorded any temporary differences resulting in either a deferred tax asset or liability as of December 31, 2021, or 2020.
Recently Issued Accounting Standards	Recently Issued Accounting StandardsIn February 2016, FASB issued ASU 2016-02, Leases (“Topic 842”), which supersedes ASC Topic 840, Leases. Topic 842 requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. Topic 842 will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. In November 2020, FASB deferred the effective date for implementation of Topic 842 by one year and, in June 2020, FASB deferred the effective date by an additional year. Topic 842 is effective for the Company on January 1, 2022. The Company is currently in the process of developing its new accounting policies and determining the potential aggregate impact that the adoption of Topic 842 will have on its financial statements. The Company does not believe the adoption of this standard will have a material impact on the consolidated financial statements.

HOSTING SERVICES AGREEMENT (Details)		1 Months Ended
HOSTING SERVICES AGREEMENT (Details)	Mar. 28, 2022 miner $ / terahash	Oct. 31, 2021 $ / kWh	Dec. 31, 2021 miner	Apr. 14, 2021 miner
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners			43,580
Price deducted for power used (in USD per kilowatt-hours) \| $ / kWh		0.027
Percentage of revenue for company		65.00%
Percentage of revenue for counterparty		35.00%
Northern Data, MicroBT
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners			9,900	9,900
Northern Data, MicroBT \| Subsequent Event
Unrecorded Unconditional Purchase Obligation [Line Items]
Number of miners	2,675
Period obligation due after delivery of miner equipment	5 months
Miner equipment, cost per terrahash (in USD per terrahash) \| $ / terahash	37.5

CONCENTRATIONS (Details) - miner			12 Months Ended
CONCENTRATIONS (Details) - miner	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Concentration Risk [Line Items]
Number of miners	43,580		43,580
Revenue \| Direct Energy Business Marketing LLC (DEBM) \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage			100.00%	100.00%
Accounts receivable \| Direct Energy Business Marketing LLC (DEBM) \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	100.00%	14.00%
Purchased Coal \| Related Party Concentration Risk \| Related Party One
Concentration Risk [Line Items]
Concentration risk, percentage			30.00%
Purchased Coal \| Related Party Concentration Risk \| Related Party Two
Concentration Risk [Line Items]
Concentration risk, percentage				63.00%

PAYCHECK PROTECTION PROGRAM LOAN, ECONOMIC INJURY DISASTER LOAN (Details) - Loans payable - USD ($)			1 Months Ended
	Jun. 08, 2021	Mar. 16, 2021	Jan. 31, 2021
Round 2, Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Proceeds from issuance of debt		$ 841,670
Interest rate		1.00%
Debt instrument term		5 years
Round 1, Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Forgiveness for loan			$ 638,800
Economic Injury Disaster Loan (“EIDL”)
Debt Instrument [Line Items]
Repayment of debt	$ 150,000

PREPAID INSURANCE (Details) - USD ($)		12 Months Ended
PREPAID INSURANCE (Details) - USD ($)	Oct. 21, 2021	Dec. 31, 2021	Dec. 31, 2020
Other Current Assets [Line Items]
Prepaid Insurance		$ 6,301,701	$ 0
Directors and Officers Liability Insurance
Other Current Assets [Line Items]
Prepaid Insurance		5,519,816
Prepaid insurance, premium	$ 6,900,000	$ 6,890,509
Prepaid insurance, term		12 months
Prepaid insurance, monthly premium		$ 574,209
Commercial Property and Risk Coverages
Other Current Assets [Line Items]
Prepaid Insurance		781,885
financing agreement for insurance with interest at 3.45% due July 2022. \| Loans payable
Other Current Assets [Line Items]
Down payment	$ 1,400,000	$ 1,378,102

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consist of the following as of:


	Useful Lives (Years)	December 31, 2021		Dec 31, 2020

Electric Plant	10 - 60	$	66,153,985	$	30,288,979
Power Transformers	8 - 30	7,489,472		—
Machinery and equipment	5 - 20	12,015,811		2,862,736
Rolling Stock	5 - 7	261,000		—
Cryptocurrency Machines & Powering Supplies	2 - 3	78,505,675		—
Computer hardware and software	2 - 5	56,620		5,062
Vehicles & Trailers	2 - 7	155,564		81,733
Construction in progress	Not Depreciable	36,067,776		1,544,536
Asset retirement obligation	10 - 30	580,452		79,848
		201,286,355		34,862,894
Accumulated depreciation and amortization		(34,629,200)		(27,048,695)
TOTALS		$	166,657,155	$	7,814,199

COMMITMENTS AND CONTINGENCIES - Installments Remaining (Details) - USD ($)																			9 Months Ended
	Sep. 01, 2022	Aug. 01, 2022	Jul. 01, 2022	Jun. 01, 2022	May 01, 2022	Apr. 01, 2022	Mar. 01, 2022	Feb. 01, 2022	Jan. 01, 2022	Dec. 01, 2021	Nov. 01, 2021	Oct. 01, 2021	Sep. 01, 2021	Aug. 01, 2021	Jul. 01, 2021	Jun. 01, 2021	May 01, 2021	Apr. 01, 2021	Dec. 31, 2021	Dec. 07, 2021	Apr. 02, 2021
Unrecorded Unconditional Purchase Obligation [Line Items]
Total Commitments																			$ 190,449,776
Purchases											$ (738,500)
Unpaid amount																			$ 44,191,094
Miner Equipment, Cryptech, Bitmain
Unrecorded Unconditional Purchase Obligation [Line Items]
Percentage of purchase price																		30.00%	70.00%
Total Commitments													$ 7,807,000	$ 8,018,000	$ 8,229,000	$ 8,440,000	$ 8,651,000	$ 12,660,000	$ 12,660,000	$ 8,592,000	$ 8,862,000
Purchases										$ (738,500)		$ (738,500)	$ (211,000)	$ (211,000)	$ (211,000)	$ (211,000)	$ (211,000)	$ (3,798,000)	(3,270,500)
Unpaid amount										$ 5,591,500	$ 6,330,000	$ 7,068,500							$ 5,591,500		$ 8,862,000
Miner Equipment, Cryptech, Bitmain \| Forecast
Unrecorded Unconditional Purchase Obligation [Line Items]
Unpaid amount	$ 0	$ 527,500	$ 1,055,000	$ 1,582,500	$ 2,110,000	$ 2,637,500
Miner Equipment, Cryptech, Bitmain \| Subsequent Event
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchases							$ (738,500)	$ (738,500)	$ (738,500)
Unpaid amount							$ 3,376,000	$ 4,114,500	$ 4,853,000
Miner Equipment, Cryptech, Bitmain \| Subsequent Event \| Forecast
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchases	$ (527,500)	$ (527,500)	$ (527,500)	$ (527,500)	$ (527,500)	$ (738,500)

TAX RECEIVABLE AGREEMENT (Details) - USD ($)	Apr. 01, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax receivable agreement, percentage	85.00%
Tax receivable agreement, deferred tax asset		$ 0
Tax receivable agreement, deferred tax liability		$ 0

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Total Stock-Based Compensation Expense

The Company recognized total stock-based compensation expense during the years ended December 31, 2021 and 2020, from the following categories:


	December 31, 2021		December 31, 2020
Restricted stock awards under the Plan	172,800		—
Stock option awards under the Plan	3,842,524		—
Total stock-based compensation	$	4,015,324	$	—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following are the weighted average assumptions used in calculating the fair value of the total stock options granted in 2021 using the Black-Scholes method.


	December 31, 2021
Weighted-average fair value of options granted	$	7.64
Expected volatility	128.14		%
Expected life (in years)	5.77
Risk-free interest rate	0.93		%
Expected dividend yield	0.00		%

Schedule of Stock Options Roll Forward

The following table summarizes the stock option activity (as adjusted) under the plans for the year ended December 31, 2021:


	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2021	—	$	—		$	—
Granted	3,379,083	$	8.91	9.61	$	—
Exercised	—	$	—		$	—
Cancelled/forfeited	—	$	—		$	—
Outstanding at December 31, 2021	3,379,083	$	8.91	9.61	$	30,906
Shares vested and expected to vest	3,379,083	$	8.91	9.61	$	30,906
Exercisable as of December 31, 2021	428,827	$	8.48	9.55	$	4,107
Exercisable as of December 31, 2020	—	$	—		$	—

Nonvested Restricted Stock Shares Activity

A summary of the Company's RSU activity in the years ended December 31, 2021 and 2020 is as follows:


	Number of Shares	Weighted Average Grant-Date Fair Value
Unvested at January 1, 2020	—	$	—
Vested	—	$	—
Granted	60,737	$	11.10
Forfeited	—	$	—
Unvested at December 31, 2021	60,737	$	11.10

REDEEMABLE COMMON STOCK

12 Months Ended

Dec. 31, 2021

Temporary Equity Disclosure [Abstract]

REDEEMABLE COMMON STOCK

Private Placements- Mezzanine Equity Series A & B

On April 1, 2021 the Company entered into a Series A Preferred Stock Purchase Agreement pursuant to which the Company issued and sold 9,792,000 shares of Series A Preferred Stock in the Series A Private Placement at a price of $8.68 per share to various accredited individuals in reliance upon exemptions from registration pursuant to Section 4(a)(2) of the Securities Act, and Regulation D thereunder for aggregate consideration of approximately $85.0 million. In connection with the Series A Private Placement, the Company incurred approximately $6.3 million in fees and $631,897 as debt issuance costs for warrants issued as part of the Series A Private Placement.

Further, pursuant to the Series A Private Placement, the Company, the investors in the Series A Private Placement and key holders entered into a Right of First Refusal Agreement ("ROFR Agreement"). Under the ROFR Agreement, the key holders agreed to grant a right of first refusal to Stronghold Inc. to purchase all or any portion of capital stock of Stronghold Inc., held by a key holder or issued to a key holder after the date of the ROFR Agreement, not including any shares of Series A Preferred Stock or common stock issued or issuable upon conversion of the Series A Preferred Stock. The key holders also granted a right of refusal to the investors in the Series A Private Placement to purchase all or any eligible capital stock not purchased by the Company pursuant to its right of first refusal.

The ROFR Agreement also provided certain co-sale rights to investors in the Series A Private Placement to participate in any sale or similar transfer of any shares of common stock owned by a key holder or issued to a key holder after the Series A Private Placement, on the terms and conditions specified in a written notice from a key holder. The investors, however, are not obligated to participate in such sales or similar transfers. The co-sale and rights of first refusal under the ROFR Agreement terminated when the Preferred Stock converted into shares of Class A common stock.

On May 14, 2021, the Company completed the Series B Private Placement. The terms of the Series B Preferred Stock were substantially similar to the Series A Preferred Stock, except for differences in the stated value of such shares in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company or certain deemed liquidation events. In connection with the Series B Private Placement, the Company sold 1,817,035 shares of its Series B Preferred Stock for an aggregate purchase price of $20.0 million. In connection with the Series B Private Placement, the Company incurred approximately $1.6 million in fees and expenses and $148,575 as debt issuance costs for warrants issued as part of the Series B Private Placement.

The Company entered into registration rights agreements with the investors in the Private Placements concurrently with the closing of each Private Placement, with certain filing deadlines as defined in the agreements.

On October 22, 2021 (the closing date of the IPO), the net proceeds from the 9,792,000 shares of the Series A Preferred Stock and the 1,816,994 shares of the Series B Preferred Stock were converted to shares of Class A common stock on a one-for-one share basis at a par value of $.0001 per share. As of December 31, 2021, these shares are no longer reported as Redeemable Common Stock.

The following is a summary of the Series A and Series B valuations and conversions to common equity:


	Series A		Series B
Proceeds	$	85,000,000	$	20,000,305
Transaction Fees (1):
B. Riley Securities	(5,100,000)		(1,200,000)
Legal and Filing Fees	(1,226,990)		(408,997)
Debt issuance costs pertaining to stock registration warrants - refer to Note 14	(631,897)		(148,575)
Total net mezzanine equity	$	78,041,113	$	18,242,733
Conversion to common Class A shares	$	(78,041,113)	$	(18,242,733)
Remaining in net mezzanine equity	$	—	$	—

Common Stock – Class V

In connection with the Reorganization on April 1, 2021, Stronghold LLC immediately thereafter distributed the 27,072,000 shares of Class V common stock to Q Power. In addition, effective as of April 1, 2021, Stronghold Inc. acquired 14,400 Stronghold LLC Units held by Q Power (along with an equal number of shares of Class V common stock) in exchange for 14,400 newly issued shares of Class A common stock.

Common Stock – Class V represents a 56.1% ownership of Stronghold LLC, granting the original owners of Q Power economic rights and, as a holder, one vote on all matters to be voted on by our stockholders generally, and a redemption right into Class A shares.

The Company classifies shares of Class V common stock held by Q Power as mezzanine equity based on its assessment of (i) the right (the “Redemption Right”) to cause Stronghold LLC to acquire all or a portion of its Stronghold LLC Units for, at Stronghold LLC’s election, (x) shares of Stronghold Inc.’s Class A common stock at a redemption ratio of one share of Class A common stock for each Stronghold LLC Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions or (y) an approximately equivalent amount of cash as determined pursuant to the Stronghold LLC Agreement, and (ii) the right (the “Call Right”), for administrative convenience, to acquire each tendered Stronghold LLC Unit directly from the redeeming Stronghold Unit Holder for, at its election, (x) one share of Class A common stock, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an approximately equivalent amount of cash as determined pursuant to the terms of the Stronghold LLC Agreement pursuant to ASC 480-10-S99-3A. For each share of Class V common stock outstanding, there is a corresponding outstanding Class A common unit of Stronghold LLC. The redemption of any share of Class V common stock would be accompanied by a concurrent redemption of the corresponding Class A common unit of Stronghold LLC, such that both the share of Class V common stock and the corresponding Class A common unit of Stronghold LLC are redeemed as a combined unit in exchange for either a single share of Class A common stock or cash of equivalent value based on the fair market value of the Class A common stock at the time of the redemption. For accounting purposes, the value of the Class A common units of Stronghold LLC is attributed to the corresponding shares of Class V common stock on the balance sheet.

Common Stock – Class V is classified as redeemable common stock in the consolidated balance sheet as, pursuant to the Stronghold LLC Agreement, the Redemption Rights of each unit held by Q Power for either shares of Class A common stock or an equivalent amount of cash is not solely within the Company’s control. This is due to the holders of the Class V common stock collectively owning a majority of the voting stock of the Company, which allows the holders of Class V common stock to elect the members of the Board, including those directors that determine whether to make a cash payment upon a Stronghold LLC Unit Holder’s exercise of its Redemption Right. Redeemable common stock is recorded at the greater of the book value or redemption amount from the date of the issuance, April 1, 2021, and the reporting date as of December 31, 2021.

The Company recorded redeemable common stock as presented in the table below:



	Non- controlling Interest(1)		Series A			Series B		Common Class V
			Preferred Shares	Amount		Amount		Shares	Amount		Total
Balance - December 31, 2020	$	(2,710,323)	—	$	—	$	—	—	$	—	$	(2,710,323)
Net loss - January 1 to March 31, 2021	(167,261)		—	—		—		—	—		(167,261)
Balance prior to the reorganization on April 1, 2021	(2,877,584)										(2,877,584)
Effect of reorganizations
Exchange of common shares - Class V	—		—	—		—		27,072,000	—		—
Buyout of Aspen Interest	—		576,000	58		—		—	—		58
Converted to Common Class A	—		(576,000)	(58)		—		—	—		(58)
Issuance of Series A convertible redeemable preferred units	—		9,792,000	78,673,010		—		—	—		78,673,010
Warrants issued as part of stock registrations	—		—	(631,897)		—		—	—		(631,897)
Conversion of Series A convertible redeemable preferred units to common stock	—		(9,792,000)	(78,041,113)		—		—	—		(78,041,113)
Exchange of common units for Class A common shares	—		—	—		—		(14,400)	—		—
Issuance of Series B convertible redeemable preferred units	—		—	—		18,391,308		—			18,391,308
Net losses for the three months ended Warrants issued as part of stock registrations	—		—	—		(148,575)		—	—		(148,575)
Net losses for the three months ended Conversion of Series B convertible redeemable preferred units to common stock	—		—	—		(18,242,733)		—	—		(18,242,733)
Net losses for the nine months ended December 31, 2021	(15,157,875)		—	—		—		—	—		(15,157,875)
Maximum redemption right valuation	18,035,459		—	—		—		—	301,052,617		319,088,076
Balance- December 31, 2021	$	—	—	$	—	$	—	27,057,600	$	301,052,617	$	301,052,617

_______________

1Refer to Note 16- Non-controlling Interests for further discussions

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Other accrued liabilities consisted of the following:


	December 31, 2021		December 31, 2020
Other Accrued Liabilities:
Legal & Professional Fees	$	1,457,727	$	—
Payroll & Taxes	73,819		—
Shipping & Handling	230,779
Interest expense	79,267
Sales & Use Taxes	2,609,664		—
Upcharge penalties reserve	420,126		—
Accrued miscellaneous expenses	182,575		828
Total	$	5,053,957	$	828

NON-CONTROLLING INTERESTS

12 Months Ended

Dec. 31, 2021

Noncontrolling Interest [Abstract]

NON-CONTROLLING INTERESTS

Common Stock - Class V

The Company is the sole managing member of Stronghold LLC and as a result consolidates the financial results of Stronghold LLC and reports a non-controlling interest representing the Common Units of Stronghold LLC held by Q Power. Changes in the Company’s ownership interest in Stronghold LLC while the Company retains its controlling interest in Stronghold LLC will be accounted for as mezzanine equity transactions. As such, future redemptions or direct exchanges of common units of Stronghold LLC by the Continuing Equity Owners will result in a change in ownership and reduce or increase the amount recorded as non-controlling interest. Refer to Note 15- Redeemable Common Stock - Class V that describes the Redemption Rights of the non-controlling interest.

Common Stock – Class V represents 56.1% ownership of Stronghold LLC, granting the owners of Q Power economic rights and, as a holder, one vote on all matters to be voted on by our stockholders generally, and a redemption right into Class A shares.

The following summarizes the redeemable common stock adjustments pertaining to the non-controlling interest from April 1, 2021 through December 31, 2021:


	Temporary Equity Adjustments
Balance- April 1, 2021 (1)	$	(2,877,584)
Net losses for the three months ended June 30, 2021	(2,235,219)
Maximum redemption right valuation (2)	172,774,052
Balance- June 30, 2021	$	167,661,249
Net losses for the three months ended September 30, 2021	(4,328,460)


Adjustment of mezzanine equity to redemption amount (3)	79,669,600
Balance- September 30, 2021	$	243,002,389
Net losses for the three months ended December 31, 2021	(8,594,196)
Adjustment of mezzanine equity to redemption amount (4)	66,644,424
Balance- December 31, 2021	$	301,052,617

1 As of the date of reorganization- refer to Note 1
2 Based on 27,057,600 Common Class V shares outstanding at $6.39 issuance price as of April 1, 2021
3 Based on 27,057,600 Common Class V shares outstanding at $9.33 fair valuation price as of September 30, 2021
4 Based on 27,057,600 Common Class V shares outstanding at $11.79 fair valuation price as of December 31, 2021, using a 10-day variable weighted average price of trading dates; including the closing date

Common Units

The Company is the sole managing member of Stronghold LLC and as a result consolidates the financial results of Stronghold LLC and reports a non-controlling interest representing the Common Units of Stronghold LLC held by Olympus Power, LLC plus a corresponding number of Class V vote-only shares of common stock in the Company. Olympus Power, LLC can exchange these Common Units along with corresponding shares of Class V common stock, on a one-for-one basis, for shares of Class A common stock. Because of the Class V voting rights, the Company has assessed the exchange right as a “Redemption Right” to cause Stronghold LLC to acquire all or a portion of its Stronghold LLC Units for, at Stronghold LLC’s election, one share of Stronghold Inc.’s Class A common stock at a redemption ratio of one share of Class A common stock for each Stronghold LLC Unit.

Common Units represent 2.4% ownership of Stronghold LLC. where the original owners of Olympus Power LLC have economic rights and, as a holder, one vote on all matters to be voted on by our stockholders generally, and a redemption right into Class A shares.

Changes in the Company's ownership interest in Stronghold LLC while the Company retains its controlling interest in Stronghold LLC will be accounted for as permanent equity. As such, future redemptions or direct exchanges of common units of Stronghold LLC by the Continuing Equity Owners will result in a change in ownership and reduce or increase the amount recorded as non-controlling interest.

The following summarizes the permanent equity adjustments pertaining to the non-controlling interest from November 2, 2021 (date of issuance) through December 31, 2021:


	Permanent Equity Adjustments
Balance- November 2, 2021 (1)	$	38,315,520
Net losses	(645,359)
Balance- December 31, 2021	$	37,670,161

1 As of November 2, 2021, the date of issuance. 1,152,000 Series A Preferred units outstanding at $33.26 per public trading share price (Nasdaq closing price)

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Outstanding Future Commitments

The following table details the total equipment deposits of $130,999,398 as of December 31, 2021:


Vendor	Model	Count	Delivery Timeframe	Total Commitments		Unpaid [A]		Transferred to PP&E [B]		Equipment Deposits
MinerVa [C]	MinerVA	15,000	Oct '21 - Apr '22	$	69,387,550	$	—	$	(4,542,572)	$	64,844,978
Cryptech	Bitmain	2,400	Nov '21 - Oct '22	12,660,000		(5,591,500)		—		7,068,500
Northern Data	MicroBT	9,900	Oct '21 - Jan '22	22,061,852		—		(10,716,712)		11,345,140
Bitmain Technologies Limited	Antminer	12,000	Apr '22 - Dec '22	75,000,000		(35,764,500)		—		39,235,500
Northern Data PA. LLC	WharsMiners	4,280	Jan '22 - June '22	11,340,374		(2,835,094)		—		8,505,280
Totals		43,580		$	190,449,776	$	(44,191,094)	$	(15,259,284)	$	130,999,398

[A] Future commitments still owed to each vendor. Refer to Note 8 - Commitments and Contingencies for further details.

[B] Miners that are delivered and physically placed in service are transferred to a fixed asset account at the respective unit price as defined in the agreement.

[C] Refer to Note 8 - Commitments and Contingencies for a $3,999,980 refund that reduced the total commitments to $69,387,550 for this vendor.

Representing nine installments remaining through September 2022:


				Remaining
		Purchase Price		$	12,660,000
		April 2021 - 30%		$	(3,798,000)
#	Date	After down payment		$	8,862,000
1	05/01/21	$	(211,000)	$	8,651,000
3	06/01/21	$	(211,000)	$	8,440,000
4	07/01/21	$	(211,000)	$	8,229,000
5	08/01/21	$	(211,000)	$	8,018,000
6	09/01/21	$	(211,000)	$	7,807,000
7	10/01/21	$	(738,500)	$	7,068,500
8	11/01/21	$	(738,500)	$	6,330,000
9	12/01/21	$	(738,500)	$	5,591,500
10	01/01/22	$	(738,500)	$	4,853,000
11	02/01/22	$	(738,500)	$	4,114,500
12	03/01/22	$	(738,500)	$	3,376,000
13	04/01/22	$	(738,500)	$	2,637,500
14	05/01/22	$	(527,500)	$	2,110,000
15	06/01/22	$	(527,500)	$	1,582,500
16	07/01/22	$	(527,500)	$	1,055,000
17	08/01/22	$	(527,500)	$	527,500
18	09/01/22	$	(527,500)	$	—

PROVISIONS FOR INCOME TAXES - Components of Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current income tax provision (benefit):
Federal	$ 0	$ 0
State	0	0
Total current income tax provision	0	0
Deferred income tax provision (benefit):
Federal	0	0
State	0	0
Total deferred income tax provision (benefit)	0	0
Total	$ 0	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

RELATED-PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2021

RELATED-PARTY TRANSACTIONS

Waste Coal Agreement

The Company is obligated under a Waste Coal Agreement (the “WCA”) to take minimum annual delivery of 200,000 tons of waste coal as long as there is a sufficient quantity of waste coal that meets the Average Quality Characteristics (as defined in the WCA). Under the terms of the WCA, the Company is not charged for the waste coal itself but is charged a $6.07 per ton base handling fee as it is obligated to mine, process, load and otherwise handle the waste coal for itself and also for other customers of Coal Valley Sales, LLC (“CVS”) from the Russellton site specifically. The Company is also obligated to unload and properly dispose of ash at the Russellton site.

A reduced handling fee is charged at $1.00 per ton for any tons in excess of the minimum take of 200,000 tons.

The Company is the designated operator at the Russellton site and therefore is responsible for complying with all state and federal requirements and regulations.

In December 2020, the Company notified CVS by letter that it intends to restart operations at Russellton during the first quarter of 2021. The Company a ramp-up of tons and payments at $25,000 a month until the economics of the plant steady and return to the minimum take per the contract. Subsequent to March 31, 2021, the Company has resumed the semi-monthly minimum payments of approximately $51,000 per the WCA.

The Company purchased coal from Coal Valley Properties, LLC, a single-member LLC which is entirely owned by one individual that has ownership in Q Power, and from CVS. CVS is a single-member LLC which is owned by a coal reclamation partnership of which an owner of Q Power has a direct and an indirect interest in the partnership of 16.26%.

For the year ended December 31, 2021, the Company expensed approximately $303,500, which is included in fuel expense in the accompanying statement of operations. The Company owed CVS approximately $134,452 as of December 31, 2021, which is included in Due to Related Parties.

Fuel Service and Beneficial Use Agreement

The Company has a Fuel Service and Beneficial Use Agreement (“FBUA”) with Northampton Fuel Supply Company, Inc. (“NFS”), a wholly-owned subsidiary of Olympus Power. The Company buys fuel from and sends ash to NFS, for the mutual benefit of both facilities, under the terms and rates established in the FBUA. The FBUA expires December 31, 2023. For the year December 31, 2021, the Company expensed approximately $163,412, which is included in fuel expense in the accompanying statement of operations. The Company owed NFS approximately $321,738 as of December 31, 2021, which is included in Due to Related Parties.

Fuel purchases under these agreements for the years ended December 31, 2021 and December 31, 2020 are as follows:


	December 31, 2021		December 31, 2020
Coal Purchases:
Northampton Fuel Supply Company, Inc.	$	163,412	$	—
Coal Valley Sales, LLC	934,916		—
TOTALS	$	1,098,328	$	—

Fuel Management Agreement

Effective August 1, 2012, the Company entered into the Fuel Management Agreement (the “Fuel Agreement”) with Panther Creek Fuel Services LLC, a wholly-owned subsidiary of Olympus Services LLC, which in turn, is a wholly-owned subsidiary of Olympus Power LLC. Under the Fuel Agreement, Panther Creek Fuel Services LLC provides the Company with operations and maintenance services with respect to the Facility. The Company reimburses Panther Creek Energy

Services LLC for actual wages and salaries. The amount expensed for the year December 31, 2021, was $303,500, of which $47,967 was included in Due to Related Parties.

O&M Agreements

Olympus Power LLC

On November 2, 2021, Stronghold LLC entered into an Operations, Maintenance and Ancillary Services Agreement (the “Omnibus Services Agreement”) with Olympus Stronghold Services, LLC (“Olympus Stronghold Services”), whereby Olympus Stronghold Services will provide certain operations and maintenance services to Stronghold LLC, as well as employ certain personnel to operate the Panther Creek Plant and the Scrubgrass Plant. Stronghold LLC will reimburse Olympus Stronghold Services for those costs incurred by Olympus Stronghold Services and approved by Stronghold LLC in the course of providing services under the Omnibus Services Agreement, including payroll and benefits costs and insurance costs. The material costs incurred by Olympus Stronghold Services shall be approved by Stronghold LLC. Stronghold LLC will also pay Olympus Stronghold Services a management fee at the rate of $1,000,000 per year, payable monthly, and an additional one-time mobilization fee of $150,000 upon the effective date of the Omnibus Services Agreement. The amount expensed in December 31, 2021 was $129,735 (excluding the one time mobilization fee of $150,000 that has been deferred until 2022 for payment).

Panther Creek Energy Services LLC

Effective August 2, 2021, the Company entered into the Operations and Maintenance Agreement (the “O&M Agreement”) with Panther Creek Energy Services LLC, a wholly-owned subsidiary of Olympus Services LLC, which in turn, is a wholly-owned subsidiary of Olympus Power LLC. Under the O&M Agreement, Panther Creek Energy Services LLC provides the Company with operations and maintenance services with respect to the Facility. The Company reimburses Panther Creek Energy Services LLC for actual wages and salaries. The Company also pays a management fee of $175,000 per operating year, which is payable monthly and is adjusted by the consumer price index on each anniversary date of the effective date. The amount expensed for the year ended December 31, 2021 was $1,027,860 of which $94,434 was included in Due to Related Parties. In connection with the Equity Contribution Agreement entered into on July 9, 2021, the Company entered into the Amended and Restated Operations and Maintenance Agreement (the “Amended O&M Agreement”) with Panther Creek Energy Services LLC. Under the Amended O&M Agreement, the management fee is $250,000 for the twelve-month period following the effective date and $325,000 per year thereafter. The effective date of the Amended O&M Agreement is the closing date of the Equity Contribution Agreement.

Management Services Agreement

On May 10, 2021, a new management and advisory agreement was entered into between Q Power and William Spence (the "Spence Agreement"). In consideration of consultant’s performance of the services thereunder, Q Power will pay Mr. Spence a fee at the rate of $50,000 per complete calendar month (pro-rated for partial months) that Mr. Spence provides services thereunder, payable in arrears. The previous agreement requiring monthly payments of $25,000 was terminated. Q Power will not be liable for any other payments to Mr. Spence including, but not limited to, any cost or expenses incurred by Mr. Spence in the course of performing his obligations thereunder.

The Company has made total payments under the Spence Agreement of $600,000 for the year ended December 31, 2021.

In September 2021, the Company repaid $2,093,018, plus accrued interest, in related party notes with Greg Beard and William Spence.

Amounts due to related parties as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Payables:
Coal Valley Properties, LLC	$	134,452	$	188,338
Q Power LLC	500,000		510,000
Coal Valley Sales, LLC	202,334		—
Panther Creek Energy Services	94,434
Panther Creek Fuel Services	47,967
Northampton Generating Co LP	321,738
Olympus Services LLC	129,735
TOTALS	$	1,430,660	$	698,338

The Company paid $69,000 to Beard Aviation LLC for various company-related business trips for the year ended December 31, 2021. Beard Aviation LLC is owned by Greg Beard, the Chief Executive Officer (“CEO”) of the Company.

PROVISIONS FOR INCOME TAXES - Components of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Net operating loss and other carryforwards	$ 6,243,820	$ 0
Investment in Stronghold LLC	3,999,780	0
Other	0	0
Total deferred tax assets	10,243,600	0
Valuation allowance	(10,243,600)	0
Net deferred tax assets	0	0
Net deferred tax assets	0	0
Deferred tax liabilities	$ 0	$ 0

INVENTORY (Tables)

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory consisted of the following components as of:


	December 31, 2021		December 31, 2020

Waste coal	$	3,238,383	$	342,476
Fuel oil	94,913		33,243
Limestone	38,958		21,173
TOTALS	$	3,372,254	$	396,892

NON-EMPLOYEE DIRECTORS COMPENSATION POLICY (Details)	Dec. 31, 2021 USD ($)
Equity [Abstract]
Accrued compensation costs for non-employee directors	$ 75,000

COVENANTS (Details) - Loan for equipment due June 2023, one - Loans payable	Dec. 31, 2021 USD ($)
Debt Disclosure [Abstract]
Amendment fee	$ 250,000
Debt Instrument [Line Items]
Amendment fee	$ 250,000

ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

ACCRUED LIABILITIES

Other accrued liabilities consisted of the following:


	December 31, 2021		December 31, 2020
Other Accrued Liabilities:
Legal & Professional Fees	$	1,457,727	$	—
Payroll & Taxes	73,819		—
Shipping & Handling	230,779
Interest expense	79,267
Sales & Use Taxes	2,609,664		—
Upcharge penalties reserve	420,126		—
Accrued miscellaneous expenses	182,575		828
Total	$	5,053,957	$	828

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable, Cryptocurrency Machines and Waste Ash Sales (Details)	12 Months Ended
	Dec. 31, 2021 USD ($) T	Dec. 31, 2020 USD ($)
Property, Plant and Equipment [Line Items]
Accounts receivable, allowance for credit loss, writeoff	$ 244,924
Accounts receivable, allowance for credit loss	$ 0	$ 0
Settlement terms dispute, term	35 days
Percentage paid by buyer of resale price	50.00%
Weight limit purchased by buyer (in tons) \| T	50,000
Cryptocurrency machines
Property, Plant and Equipment [Line Items]
Estimated useful lives	two

COVENANTS

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

COVENANTS

LONG-TERM DEBT

Long-term debt consisted of the following as of:


	December 31, 2021			December 31, 2020
$66,076 loan, with interest at 5.55%, due July 2021.	$	3,054		$	16,440
$75,000 loan, with interest at 12.67%, due April 2021.	7,312			14,934
$142,000 loan, with interest at 11.21%, due April 2021.	—			18,056
$70,000 loan, with interest at 11.92%, due April 2021.	—			8,974
$499,520 loan, with interest at 2.49% due December 2023.	232,337			333,599
$499,895 loan, with interest at 2.95% due July 2023.	246,720			371,490
$212,675 loan, with interest at 6.75% due October 2022.	103,857			168,397
$517,465 loan, with interest at 4.78% due October 2024.	490,600			—
$431,825 loan, with interest at 7.60% due April 2024.	204,833			—
financing agreement for insurance with interest at 3.45% due July 2022.	4,299,721			—
$40,000,000 loan, with interest at 10.00% due June 2023.	30,734,045		[A]	—
$10,641,362 loan, with interest at 10.00% due June 2023.	8,176,302		[B]	—
$14,077,800 loan, with interest at 10.00% due June 2023.	10,816,694		[C]	—
$17,984,000 maximum advance loan, interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	10,790,400		[D]	—
$17,984,000 maximum advance loan, with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	7,769,088		[E]	—
$17,984,000 maximum advance loan, 2022 with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	—		[F]	—
	73,874,963			931,890
Less current portions, deferred costs, & discounts
Outstanding loans	50,099,372			449,447
Deferred debt issuance costs	2,854,787			—
Discounts from issuance of stock	1,042,416			—
Discounts from issuance of warrants	1,499,547			—
	$	18,378,841		$	482,443

Future scheduled maturities on the outstanding borrowings for each of the next three years as of December 31, 2021 are as follows:


Years ending December 31:
2022	$	51,777,764
2023	21,955,328
2024	141,871
	$	73,874,963

PAYCHECK PROTECTION PROGRAM LOAN, ECONOMIC INJURY DISASTER LOAN

- Definition

+ References

+ Details

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES - Income Taxes (Details) - subsidiary	Dec. 31, 2021	Mar. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of subsidiaries	2	2

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of:


	Useful Lives (Years)	December 31, 2021		Dec 31, 2020

Electric Plant	10 - 60	$	66,153,985	$	30,288,979
Power Transformers	8 - 30	7,489,472		—
Machinery and equipment	5 - 20	12,015,811		2,862,736
Rolling Stock	5 - 7	261,000		—
Cryptocurrency Machines & Powering Supplies	2 - 3	78,505,675		—
Computer hardware and software	2 - 5	56,620		5,062
Vehicles & Trailers	2 - 7	155,564		81,733
Construction in progress	Not Depreciable	36,067,776		1,544,536
Asset retirement obligation	10 - 30	580,452		79,848
		201,286,355		34,862,894
Accumulated depreciation and amortization		(34,629,200)		(27,048,695)
TOTALS		$	166,657,155	$	7,814,199

Construction in Progress

Construction in progress consists of various projects to build out the cryptocurrency machine power infrastructure and is not depreciable until the asset is considered in service and successfully powers and runs the attached cryptocurrency machines. Completion of these projects will have various rollouts of energized transformed containers and are designed to calibrate power from the plant to the container that houses multiple cryptocurrency machines. Currently, the balance of $36,067,776, as of December 31, 2021, represents open contracts with a vendor that have future completion dates scheduled for 2022.

Depreciation and Amortization

Depreciation and amortization charged to operations was $7,607,721 and $558,630 for the years ended December 31, 2021 and 2020 respectively.

LONG-TERM DEBT - Future Scheduled Maturities on the Outstanding Borrowings (Details)	Dec. 31, 2021 USD ($)
Debt Disclosure [Abstract]
2022	$ 51,777,764
2023	21,955,328
2024	141,871
Long-term debt	$ 73,874,963

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

VARIABLE PREPAID FORWARD SALES CONTRACT DERIVATIVE	12 Months Ended
VARIABLE PREPAID FORWARD SALES CONTRACT DERIVATIVE	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
VARIABLE PREPAID FORWARD SALES CONTRACT DERIVATIVE	VARIABLE PREPAID FORWARD SALES CONTRACT DERIVATIVE On December 15, 2021, the Company entered into a Prepaid Variable Digital Asset Forward Transaction with NYDIG Trading providing for the sale of 250 Bitcoin (the “Sold Bitcoin”) at a floor price of $28,000 per Bitcoin (such sale, the “Forward Sale”). Pursuant to the Forward Sale, NYDIG Trading paid SDM $7.0 million; an amount equal to the floor price per Bitcoin (the “Initial Sale Price”) on December 16, 2021, times the 250 Bitcoins provided for sale. On September 24, 2022, the Forward Sale will be settled and sold Bitcoin will be sold to NYDIG Trading at a price equal to the market price for Bitcoin on September 23, 2022, less the Initial Sale Price of $7.0 million, subject to a capped final sale price of $85,500 per Bitcoin. As a result of the embedded price floor and cap mechanisms, this transaction is considered as a compound derivative instrument which is required to be presented at fair value and is subject to remeasurement each reporting period. The Company has not formally designated this instrument as a hedge and such the changes in fair value is recorded in earnings as "changes in fair value of forward sale derivative". To determine the fair value of the compound derivative instrument, the Company uses a Black-Scholes option pricing model to assess the combined net value of the embedded call feature and the embedded put feature. The Company will continue to update the fair value of the derivative instrument until the contract is settled. The changes in fair value will be adjusted as "changes in fair value of forward sale derivative". As of December 31, 2021, the Company recognized a current liability of $7.1 million, which includes the prepaid portion of $7.0 million received at the transaction date; and $116.5 thousand of changes in fair value of derivatives.

RELATED-PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

Related Party Transactions

Fuel purchases under these agreements for the years ended December 31, 2021 and December 31, 2020 are as follows:


	December 31, 2021		December 31, 2020
Coal Purchases:
Northampton Fuel Supply Company, Inc.	$	163,412	$	—
Coal Valley Sales, LLC	934,916		—
TOTALS	$	1,098,328	$	—

Amounts due to related parties as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Payables:
Coal Valley Properties, LLC	$	134,452	$	188,338
Q Power LLC	500,000		510,000
Coal Valley Sales, LLC	202,334		—
Panther Creek Energy Services	94,434
Panther Creek Fuel Services	47,967
Northampton Generating Co LP	321,738
Olympus Services LLC	129,735
TOTALS	$	1,430,660	$	698,338

ASPEN INTEREST (“OLYMPUS”) BUYOUT - Partners' Deficit of Aspen Interest (Details)	3 Months Ended
	Mar. 31, 2021 USD ($)
Increase (Decrease) in Partners' Capital [Roll Forward]
Limited partners, beginning balance	$ (1,336,784)
Net losses - three months ended March 31, 2021	$ (71,687)

REDEEMABLE COMMON STOCK - Narrative (Details)					12 Months Ended
REDEEMABLE COMMON STOCK - Narrative (Details)	Oct. 22, 2021 $ / shares shares	Oct. 19, 2021 USD ($) $ / shares	May 14, 2021 USD ($) shares	Apr. 01, 2021 USD ($) $ / shares shares	Dec. 31, 2021 vote $ / shares
Temporary Equity [Line Items]
Sale of stock (in USD per share) \| $ / shares		$ 19.00
Sale of stock, consideration received \| $		$ 131,500,000
Conversion ratio	1
Common stock, par value (in USD per share) \| $ / shares	$ 0.0001	$ 0.0001			$ 0.0001
Shares exchanged (in shares)				14,400
Redemption ratio					100.00%
Stronghold LLC
Temporary Equity [Line Items]
Ownership interest				69.00%	2.40%
Number of votes \| vote					1
Q Power LLC
Temporary Equity [Line Items]
Shares exchanged (in shares)				14,400
Stronghold LLC
Temporary Equity [Line Items]
Shares exchanged in business reorganization (in shares)				14,400
Common Stock - Class V \| Q Power LLC
Temporary Equity [Line Items]
Shares distributed in business reorganization (in shares)				27,072,000
Common Stock - Class V \| Stronghold LLC
Temporary Equity [Line Items]
Shares exchanged in business reorganization (in shares)				27,072,000
Redeemable Convertible Preferred Stock, Series A
Temporary Equity [Line Items]
Number of shares converted	9,792,000
Redeemable Convertible Preferred Stock, Series A \| Private Placement
Temporary Equity [Line Items]
Stock issued and sold during period (in shares)				9,792,000
Sale of stock (in USD per share) \| $ / shares				$ 8.68
Sale of stock, consideration received \| $				$ 85,000,000
Payments of fees \| $				6,300,000
Payments of debt issuance costs \| $				$ 631,897
Redeemable Convertible Preferred Stock, Series B
Temporary Equity [Line Items]
Number of shares converted	1,816,994
Redeemable Convertible Preferred Stock, Series B \| Private Placement
Temporary Equity [Line Items]
Stock issued and sold during period (in shares)			1,817,035
Sale of stock, consideration received \| $			$ 20,000,305
Payments of fees \| $			1,600,000
Payments of debt issuance costs \| $			$ 148,575
Common Class A
Temporary Equity [Line Items]
Conversion ratio	1				1
Redemption ratio					100.00%

NON-CONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2021

Noncontrolling Interest [Abstract]

Schedule of Noncontrolling Ownership Interest

The following summarizes the redeemable common stock adjustments pertaining to the non-controlling interest from April 1, 2021 through December 31, 2021:


	Temporary Equity Adjustments
Balance- April 1, 2021 (1)	$	(2,877,584)
Net losses for the three months ended June 30, 2021	(2,235,219)
Maximum redemption right valuation (2)	172,774,052
Balance- June 30, 2021	$	167,661,249
Net losses for the three months ended September 30, 2021	(4,328,460)


Adjustment of mezzanine equity to redemption amount (3)	79,669,600
Balance- September 30, 2021	$	243,002,389
Net losses for the three months ended December 31, 2021	(8,594,196)
Adjustment of mezzanine equity to redemption amount (4)	66,644,424
Balance- December 31, 2021	$	301,052,617

1 As of the date of reorganization- refer to Note 1
2 Based on 27,057,600 Common Class V shares outstanding at $6.39 issuance price as of April 1, 2021
3 Based on 27,057,600 Common Class V shares outstanding at $9.33 fair valuation price as of September 30, 2021
4 Based on 27,057,600 Common Class V shares outstanding at $11.79 fair valuation price as of December 31, 2021, using a 10-day variable weighted average price of trading dates; including the closing date

Schedule of Stockholders Equity

The following summarizes the permanent equity adjustments pertaining to the non-controlling interest from November 2, 2021 (date of issuance) through December 31, 2021:


	Permanent Equity Adjustments
Balance- November 2, 2021 (1)	$	38,315,520
Net losses	(645,359)
Balance- December 31, 2021	$	37,670,161

1 As of November 2, 2021, the date of issuance. 1,152,000 Series A Preferred units outstanding at $33.26 per public trading share price (Nasdaq closing price)

NON-CONTROLLING INTERESTS - Redeemable Common Stock Adjustments (Details) - USD ($)	3 Months Ended			9 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2021	Apr. 01, 2021
Increase (Decrease) in Partners' Capital [Roll Forward]
Redeemable common stock, beginning balance	$ 243,002,389	$ 167,661,249	$ (2,877,584)	$ (2,877,584)
Net losses attributable to non controlling interest				(15,803,234)	$ (15,803,234)
Maximum redemption right valuation and adjustments	66,644,424	79,669,600	172,774,052	319,088,076
Redeemable common stock, ending balance	301,052,617	243,002,389	167,661,249	301,052,617	301,052,617
Accumulated Deficit
Increase (Decrease) in Partners' Capital [Roll Forward]
Net losses attributable to non controlling interest	(8,594,196)	$ (4,328,460)	$ (2,235,219)	(15,157,875)
Common Stock - Class V
Increase (Decrease) in Partners' Capital [Roll Forward]
Maximum redemption right valuation and adjustments				301,052,617
Redeemable common stock, ending balance	$ 301,052,617			$ 301,052,617	$ 301,052,617
Common stock - Class V, outstanding (in shares)	27,057,600	27,057,600		27,057,600	27,057,600	27,057,600
Mezzanine equity, fair value per share (in USD per share)	$ 11.79	$ 9.33		$ 11.79	$ 11.79	$ 6.39

- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References + Details

ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Fair Value of Identifiable Assets and Liabilities as of Acquisition Date

The following represents the fair value of the identifiable assets and liabilities as of the acquisition date of November 2, 2021:


The purchase price allocation is as follows (in thousands):
Cash and cash equivalents	$	491
Accounts receivable - trade	$	831
Prepaids and other current assets	$	429
Materials and supplies	$	1,559
Land and Rights of Way	$	1,727
Property, plant and equipment	$	43,782
Accounts payable	$	(2,943)
Accrued expenses	$	(298)
Due to related parties	$	(73)
Total identifiable assets and liabilities	$	45,505
Total purchase consideration 1	$	45,505

NON-CONTROLLING INTERESTS - Permanent Equity Adjustments (Details)	2 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2021 USD ($) shares	Nov. 02, 2021 $ / shares shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net losses attributable to non controlling interest		$ (15,803,234)	$ (15,803,234)
Ending balance	$ (59,164,778)	$ (59,164,778)	$ (59,164,778)
Preferred stock, issued (in shares) \| shares	1,152,000	1,152,000	1,152,000	1,152,000
Redeemable Convertible Preferred Stock, Series A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock, issued (in USD per share) \| $ / shares				$ 33.26
Preferred Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 38,315,520
Net losses attributable to non controlling interest	(645,359)	$ (645,359)
Ending balance	$ 37,670,161	$ 37,670,161	$ 37,670,161

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

STOCK-BASED COMPENSATION - Valuation Assumptions (Details) - Share-based Payment Arrangement, Option	12 Months Ended
	Dec. 31, 2021 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of options granted (in USD per share)	$ 7.64
Expected volatility	128.14%
Expected life (in years)	5 years 9 months 7 days
Risk-free interest rate	0.93%
Expected dividend yield	0.00%

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES - Warrant Liabilities, Segments, Mezzanine Equity and Loss per Share (Details)		12 Months Ended
	Apr. 01, 2021	Dec. 31, 2021 segment shares	Dec. 31, 2020 shares	Oct. 22, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Conversion ratio				1
Number of operating segments \| segment		2
Antidilutive securities excluded from computation of earnings per share (in shares) \| shares		28,209,600	0
Stronghold LLC
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership interest	69.00%	2.40%

BUSINESS COMBINATIONS (Details)							12 Months Ended
BUSINESS COMBINATIONS (Details)	Oct. 19, 2021 USD ($) $ / shares	May 14, 2021 USD ($) shares	Apr. 01, 2021 USD ($) $ / shares shares	Mar. 31, 2021 a subsidiary	Sep. 24, 2020 owner	Feb. 12, 2020	Dec. 31, 2021 USD ($) subsidiary shares	Dec. 31, 2020 USD ($)
Preferred Units [Line Items]
Sale of stock (in USD per share) \| $ / shares	$ 19.00
Sale of stock, consideration received \| $	$ 131,500,000
Shares issued in business reorganization (in shares)			576,000
Payment for business reorganization \| $			$ 2,000,000				$ 2,000,000	$ 0
Consideration transferred \| $			7,000,000
Equity interest issued value \| $			$ 5,000,000
Issuance price (in USD per share) \| $ / shares			$ 8.68
Shares exchanged (in shares)			14,400
Common stock outstanding (in shares)							20,016,067
Conversion ratio			100.00%				100.00%
Number of subsidiaries \| subsidiary				2			2
Area of land (in acres) \| a				175
Ownership interest per member					50.00%
Number of owners \| owner					2
Redeemable Convertible Preferred Stock, Series A \| Private Placement
Preferred Units [Line Items]
Stock issued and sold during period (in shares)			9,792,000
Sale of stock (in USD per share) \| $ / shares			$ 8.68
Sale of stock, consideration received \| $			$ 85,000,000
Payments of fees \| $			6,300,000
Payments of debt issuance costs \| $			$ 631,897
Redeemable Convertible Preferred Stock, Series B \| Private Placement
Preferred Units [Line Items]
Stock issued and sold during period (in shares)		1,817,035
Sale of stock, consideration received \| $		$ 20,000,305
Payments of fees \| $		1,600,000
Payments of debt issuance costs \| $		$ 148,575
Stronghold LLC
Preferred Units [Line Items]
Shares received in business reorganization (in shares)			27,072,000
Shares exchanged in business reorganization (in shares)			14,400
Stronghold LLC \| Common Stock - Class V
Preferred Units [Line Items]
Shares exchanged in business reorganization (in shares)			27,072,000
Stronghold Inc.
Preferred Units [Line Items]
Shares exchanged in business reorganization (in shares)			10,368,000
Limited partners' capital units outstanding (in shares)			14,400
Preferred units outstanding (in shares)			10,368,000
Q Power LLC
Preferred Units [Line Items]
Shares exchanged (in shares)			14,400
Common unit outstanding (in shares)			27,057,600
Q Power LLC \| Common Stock - Class V
Preferred Units [Line Items]
Shares distributed in business reorganization (in shares)			27,072,000
Common stock outstanding (in shares)			27,057,600
Q Power LLC \| Common Class A
Preferred Units [Line Items]
Common stock outstanding (in shares)			14,400
Scrubgrass LP
Preferred Units [Line Items]
Ownership interest				30.00%
Stronghold Inc.
Preferred Units [Line Items]
Common stock, ownership percentage			69.00%
Stronghold LLC
Preferred Units [Line Items]
Ownership interest			69.00%				2.40%
Ownership percentage by noncontrolling owners			31.00%
Stronghold Power LLC
Preferred Units [Line Items]
Ownership interest						100.00%

PREMIUM FINANCING AGREEMENT (Details) - USD ($)		12 Months Ended
PREMIUM FINANCING AGREEMENT (Details) - USD ($)	Oct. 21, 2021	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross		$ 73,874,963	$ 931,890
Directors and Officers Liability Insurance
Debt Instrument [Line Items]
Prepaid insurance, premium	$ 6,900,000	$ 6,890,509
financing agreement for insurance with interest at 3.45% due July 2022. \| Loans payable
Debt Instrument [Line Items]
Debt instrument term	9 months
Interest rate	3.454%	3.45%
Down payment	$ 1,400,000	$ 1,378,102
Monthly payments	621,300
Long-term debt, gross	$ 5,500,000	$ 4,299,721	$ 0

RENEWABLE ENERGY CREDITS (Details) - USD ($)	12 Months Ended
RENEWABLE ENERGY CREDITS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Renewable Energy Credits [Abstract]
Renewable energy credits, utilized	$ (1,736,071)	$ (35,493)

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

In most instances, Stronghold Inc. and its subsidiaries will collectively be referred to as the “Company” if a discussion applies to all. Where it may not apply to all, then each company, described as itself, will be specifically noted.

Nature of Operations

The Company operates as a qualifying cogeneration facility (“Facility”) under the provisions of the Public Utilities Regulatory Policies Act of 1978 and sells its electricity into the PJM Interconnection Merchant Market (“PJM”) under an Energy Management Agreement (“EMA”) with Direct Energy Business Marketing, LLC (“DEBM”) effective February 1, 2015. The Company’s primary fuel source is waste coal which is provided by various third parties. Waste coal credits are earned by the Company by generating electricity utilizing coal refuse.

Under the EMA, which was entered into as of January 23, 2015, DEBM agreed to act as the exclusive provider of services for the benefit of the Company related to interfacing with PJM, including handling daily operations of the facility, daily marketing and managing of a certain electric generating facility located in Kennerdell, Pennsylvania, energy management, capacity management and providing market and system information. The term of the agreement was initially through January 31, 2018, with three additional automatic renewal terms that now extends through January 31, 2022. DEBM was paid a monthly fee of $7,500 in satisfaction of its performance obligation during the term. The total revenue recognized under the EMA is 100% of the reported energy revenue and the total transaction price for the performance obligations varies depending upon market conditions and demand, such as usage and available capacities.

The Company is also a vertically integrated digital currency mining business. The Company buys and maintains a fleet of digital/cryptocurrency mining equipment and the required infrastructure, it also provides power to third party digital currency miners under favorable Power Purchase Agreement (“PPA”) agreements, and it sells energy as a merchant power producer and receives capacity payments from PJM for making its energy available to the grid. The Digital currency mining operations are in their early stages, and digital currencies and energy pricing mining economics are volatile and subject to uncertainty. The Company’s current strategy will continue to expose it to the numerous risks and volatility associated with the digital mining and power generation sectors, including fluctuating Bitcoin-to-U.S.-Dollar prices, the costs and availability of miners, the number of market participants mining Bitcoin, the availability of other power generation facilities to expand operations and regulatory changes.

Basis of Presentation

The consolidated financial statements have been prepared in accordance with existing accounting principles generally accepted in the United States of America (“GAAP”), under the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”).

Additionally, since there are no differences between net income and comprehensive income, all references to comprehensive income have been excluded from the consolidated financial statements.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash

Cash and cash equivalents consist of short-term, highly liquid investments with original maturities of three months or less. The Company maintains its cash in non-interest bearing accounts that are insured by the Federal Deposit Insurance Company up to $250,000. The Company’s deposits may, from time to time, exceed the $250,000 limit; however, management believes that there is no unusual risk present, as the Company places its cash with financial institutions which management considers being of high quality.

Digital Currencies

Digital currencies are included in current assets in the reported balance sheets and are considered an intangible asset with an indefinite useful life. Digital currencies are recorded at cost less any impairment. Currently Bitcoin constitutes the only cryptocurrency the Company mines or holds in material amounts.

Cryptocurrencies held are accounted for as intangible assets with indefinite useful lives. An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value, which is measured using the quoted price of the cryptocurrency at the time its fair value is being measured. In testing for impairment, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that an impairment exists. If it is determined that it is not more likely than not that an impairment exists, a quantitative impairment test is not necessary. However, in most cases the Company’s qualitative assessment indicates impairment when the quoted price of the cryptocurrency subsequently falls below its carrying amount and we are required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted.

The Company performed an impairment test on its digital currencies and $(1,870,274) and $0 are recognized as impairment expenses for the years ended December 31, 2021 and 2020, respectively.

The following table presents the activities of the digital currencies for the years ended December 31, 2021 and December 31, 2020:


	December 31, 2021		December 31, 2020

Digital currencies at beginning of year	$	228,087	$	15,436
Additions of digital currencies	12,494,581		339,456
Realized gain on sale of digital currencies	149,858		31,810
Impairments	(1,870,274)		—
Proceeds from sale of digital currencies	(584,387)		(158,615)
Digital currencies, including restricted amounts	$	10,417,865	$	228,087

On December 15, 2021, the Company entered into a Prepaid Variable Digital Asset Forward Transaction with NYDIG Derivatives Trading LLC (“NYDIG Trading”) providing for the sale of 250 Bitcoin (the “Sold Bitcoin”) at a floor price of $28,000 per Bitcoin (the “Forward Sale”). Pursuant to the Forward Sale, NYDIG Trading paid SDMI an amount equal to the floor price per Bitcoin (the “Initial Sale Price”) on December 16, 2021. On September 24, 2022, the Sold Bitcoin will be sold to NYDIG Trading at a price equal to the market price for Bitcoin on September 23, 2022, less the Initial Sale Price, subject to a capped final sale price of $85,500 per Bitcoin. The Company was advanced $7,000,000 and, in return, is required to pledge 250 Bitcoins as collateral. As of December 31, 2021, the Company held an aggregate amount of digital currencies that comprised of restricted and unrestricted Bitcoin of $10,417,865. Of that amount, $2,699,644 and $7,718,221 was restricted and unrestricted, respectively.

Accounts Receivable

Accounts receivable are stated at the amount management expects to collect from balances outstanding at year end. An allowance for doubtful accounts is provided when necessary and is based upon management’s evaluation of outstanding accounts receivable at year end. The potential risk is limited to the amount recorded in the financial statements. For the year ended December 31, 2021, outstanding customer balances totaling $244,924 were considered not collectable and written off to bad debts expense. No further allowance was considered necessary as of December 31, 2021 and 2020.

Inventory

Waste coal, fuel oil and limestone are valued at the lower of average cost or net realizable value and includes all related transportation and handling costs.

The Company performs periodic assessments to determine the existence of obsolete, slow-moving, and unusable inventory and records necessary provisions to reduce such inventories to net realizable value.

Derivative Contracts

In accordance with guidance on accounting for derivative instruments and hedging activities all derivatives should be recognized at fair value. Derivatives or any portion thereof, that are not designated as, and effective as, hedges must be adjusted to fair value through earnings. Derivative contracts are classified as either assets or liabilities on the accompanying combined balance sheets. Certain contracts that require physical delivery may qualify for and be designated as normal purchases/normal sales. Such contracts are accounted for on an accrual basis.

The Company uses derivative instruments to mitigate its exposure to various energy commodity market risks. The Company does not enter into any derivative contracts or similar arrangements for speculative or trading purposes. The Company will, at times, sell its forward unhedged electricity capacity to stabilize its future operating margins. As of December 31, 2021 and December 31, 2020, there are no open energy commodity derivatives outstanding.

The Company also uses derivative instruments to mitigate the risks of Bitcoin market pricing volatility. The Company entered into a variable prepaid forward sale contract that mitigates Bitcoin market pricing volatility risks between a low and high collar of Bitcoin market prices during the contract term. This contract settles in September 2022. The contract meets the definition of a derivative transaction pursuant to guidance under ASC 815 and is considered a compound derivative

instrument which is required to be presented at fair value subject to remeasurement each reporting period. The changes in fair value are recorded as changes in fair value of forward sale derivative as part of earnings. Refer to Note 26 - Variable Prepaid Forward Sales Contract Derivative. As of December 31, 2021, this is the only derivative contract open. As of December 31, 2020, there are no similar derivative contracts open.

Fair Value Measurements

The Company measures at fair value certain of its financial and non-financial assets and liabilities by using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The levels of the fair value hierarchy are:

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities;

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data; and

Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. As of December 31, 2021, the Company’s redeemable preferred warrants are recorded at fair value. Refer to Note 14 – Stock Issued Under Master Financing Agreements and Warrants. As of December 31, 2020, the Company did not have any assets or liabilities remeasured at fair value.

Property and Equipment

Property and equipment are recorded at cost. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance and repairs are charged to expense as incurred. The Company records all assets associated with the cryptocurrency mining operations at cost. These assets are comprised of storage trailers and the related electrical components. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the remaining estimated useful lives (“EUL”) of the related assets using the straight-line method.

The Company’s depreciation is based on its Facility being considered a single property unit. Certain components of the Facility may require replacement or overhaul several times over its estimated life. Costs associated with overhauls are recorded as an expense in the period incurred. However, in instances where a replacement of a Facility component is significant and the Company can reasonably estimate the original cost of the component being replaced, the Company will write-off the replaced component and capitalize the cost of the replacement. The component will be depreciated over the lesser of the EUL of the component or the remaining useful life of the Facility.

The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of property and equipment may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of property and equipment. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property and equipment is used, and the effects of obsolescence, demand, competition, and other economic factors.

Cryptocurrency Machines

Management has assessed the basis of depreciation of the Company’s cryptocurrency machines used to verify digital currency transactions and generate digital currencies and believes they should be depreciated over a two-year period. The rate at which the Company generates digital assets and, therefore, consumes the economic benefits of its transaction verification servers, is influenced by a number of factors including the following:

1.The complexity of the transaction verification process which is driven by the algorithms contained within the Bitcoin open source software;

2.The general availability of appropriate computer processing capacity on a global basis (commonly referred to in the industry as hashing capacity which is measured in petahash units); and

3.Technological obsolescence reflecting rapid development in the transaction verification server industry such that more recently developed hardware is more economically efficient to run in terms of digital assets generated as a function of operating costs, primarily power costs, (i.e., the speed of hardware evolution in the industry is such that later hardware models generally have faster processing capacity combined with lower operating costs and a lower cost of purchase).

The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has determined that two years best reflects the current expected useful life of transaction verification servers. This assessment takes into consideration the availability of historical data and management’s expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimate as and when data becomes available.

To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period either as a result of changes in circumstances or through the availability of greater quantities of data then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets.

Asset Retirement Obligations

Asset retirement obligations, including those conditioned on future events, are recorded at fair value in the period in which they are incurred, if a reasonable estimate of fair value can be made. The associated asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset in the same period. In each subsequent period, the liability is accreted to its present value and the capitalized cost is depreciated over the EUL of the long-lived asset. If the asset retirement obligation is settled for other than the carrying amount of the liability, the Company recognizes a gain or loss on settlement. The Company’s asset retirement obligation represents the cost the Company would incur to perform environmental clean-up or dismantle certain portions of the Facility.

Impairment of Long-Lived Assets

In conjunction with ASC 360 - Property, Plant and Equipment, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. A long-lived asset or asset group that is held and used must be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset or asset group might not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to undiscounted future cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.

Based on the Company’s analysis, no impairment indicators existed as of December 31, 2021 and 2020, respectively, that would require impairment testing of the Company’s long-lived assets.

Revenue Recognition

The Company recognizes revenue under ASC 606, Revenue from Contracts with Customers. The core principle of this revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle:

1.Step 1: Identify the contract with the customer

2.Step 2: Identify the performance obligations in the contract

3.Step 3: Determine the transaction price

4.Step 4: Allocate the transaction price to the performance obligations in the contract

5.Step 5: Recognize revenue when the Company satisfies a performance obligation

In order to identify the performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised good or service that is distinct. A performance obligation meets ASC 606’s definition of a “distinct” good or service (or bundle of goods or services) if both of the following criteria are met: the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer (i.e., the good or service is capable of being distinct), and the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the good or service is distinct within the context of the contract).

If a good or service is not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct.

The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both.

When determining the transaction price, an entity must consider the effects of all of the following:

•Variable consideration

•Constraining estimates of variable consideration

•The existence of a significant financing component in the contract

•Noncash consideration

•Consideration payable to a customer

Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The transaction price is allocated to each performance obligation on a relative standalone selling price basis. The transaction price allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over time as appropriate.

There is currently no specific definitive guidance under GAAP or alternative accounting framework for the accounting for cryptocurrencies recognized as revenue or held, and management has exercised significant judgment in determining the appropriate accounting treatment. In the event authoritative guidance is enacted by the Financial Accounting Standards Board (the "FASB"), the Company may be required to change its policies, which could have an effect on the Company’s consolidated financial position and results from operations.

Fair value of the digital asset award received is determined using the quoted price of the related cryptocurrency at the time of receipt.

The Company’s policies with respect to its revenue streams are detailed below.

Energy Revenue

The Company operates as a market participant through PJM Interconnection, a Regional Transmission Organization (“RTO”) that coordinates the movement of wholesale electricity. The Company sells energy in the wholesale generation market in the PJM RTO. Energy revenues are delivered as a series of distinct units that are substantially the same and that have the same pattern of transfer to the customer over time and are therefore accounted for as a distinct performance obligation. The transaction price is based on pricing published in the day ahead market which constitute the stand-alone selling price.

Energy revenue is recognized over time as energy volumes are generated and delivered to the RTO (which is contemporaneous with generation), using the output method for measuring progress of satisfaction of the performance obligation. The Company applies the invoice practical expedient in recognizing energy revenue. Under the invoice practical expedient, energy revenue is recognized based on the invoiced amount which is considered equal to the value provided to the customer for the Company’s performance obligation completed to date.

Reactive energy power is provided to maintain a continuous voltage level. Revenue from reactive power is recognized ratably over time as the Company stands ready to provide it if called upon by the PJM RTO.

Capacity Revenue

The Company provides capacity to a customer through participation in capacity auctions held by the PJM RTO. Capacity revenues are a series of distinct performance obligations that are substantially the same and that have the same pattern of transfer to the customer over time and are therefore accounted for as a distinct performance obligation. The transaction price for capacity is market-based and constitutes the stand-alone selling price. As capacity represents the Company’s stand-ready obligation, capacity revenue is recognized as the performance obligation is satisfied ratably over time, on a monthly basis, since the Company stands ready equally throughout the period to deliver power to the PJM RTO if called upon. The Company applies the invoice practical expedient in recognizing capacity revenue. Under the invoice practical expedient, capacity revenue is recognized based on the invoiced amount which is considered equal to the value provided to the customer for the Company’s performance obligation completed to date. Penalties may be assessed by the PJM RTO against generation facilities if the facility is not available during the capacity period. The penalties assessed by the PJM RTO, if any, are recorded as a reduction to capacity revenue when incurred.

Cryptocurrency Hosting

The Company has entered into customer hosting contracts whereby the Company provides electrical power to cryptocurrency mining customers, and the customers pay a stated amount per megawatt-hour (“MWh”) (“Contract Capacity”). This amount is paid monthly in advance. Amounts used in excess of the Contract Capacity are billed based upon calculated formulas as contained in the contracts. If any shortfalls occur to due to outages, make-whole payment provisions contained in the contracts are used to offset the billings to the customer which prevented them from cryptocurrency mining. Advanced payments and customer deposits are reflected as contract liabilities.

Cryptocurrency Mining

The Company has entered into digital asset mining pools by executing contracts, as amended from time to time, with the mining pool operators to provide computing power to the mining pool. The contracts are terminable at any time by either party and the Company’s enforceable right to compensation only begins when the Company provides computing power to the mining pool operator. In exchange for providing computing power, the Company is entitled to a fractional share of the fixed cryptocurrency award the mining pool operator receives (less digital asset transaction fees to the mining pool operator which are recorded as a component of cost of revenues), for successfully adding a block to the blockchain. The terms of the agreement provide that neither party can dispute settlement terms after thirty-five days following settlement. The Company’s fractional share is based on the proportion of computing power the Company contributed to the mining pool operator to the total computing power contributed by all mining pool participants in solving the current algorithm.

Providing computing power in digital asset transaction verification services is an output of the Company’s ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contracts with mining pool operators. The transaction consideration the Company receives, if any, is noncash consideration, which the Company measures at fair value on the date received, which is not materially different than the fair value at contract inception or the time the Company has earned the award from the pools. The consideration is all variable. Because it is not probable that a significant reversal of cumulative revenue will not occur, the consideration is constrained until the mining pool operator successfully places a block (by being the first to solve an algorithm) and the Company receives confirmation of the consideration it will receive, at which time revenue is recognized. There is no significant financing component in these transactions.

Fair value of the cryptocurrency award received is determined using the quoted price of the related cryptocurrency at the time of receipt. There is currently no specific definitive guidance under GAAP or alternative accounting framework for the accounting for cryptocurrencies recognized as revenue or held, and management has exercised significant judgment in determining the appropriate accounting treatment. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies, which could have an effect on the Company’s consolidated financial position and results from operations.

Waste Coal Credits

Waste coal credits are issued by the Commonwealth of Pennsylvania. Facilities that generate electricity by using coal refuse for power generation, control acid gases for emission control, and use the ash produced to reclaim mining-affected sites are eligible for such credits. Income related to these credits is recorded upon cash receipt and within other income.

Renewable Energy Credits (“RECs”)

The Company uses coal refuse, which is classified as a Tier II Alternative Energy Source under Pennsylvania law, to produce energy to sell to the open market (“the grid”). A third party acts as the benefactor, on behalf of the Company, in the open market and is invoiced as RECs are realized. These credits are recognized as a contra-expense to offset the fuel costs to produce this refuse.

Waste Ash Sales

The Company sells fly ash and scrubber material collected. This is a by-product from their coal refuse reclamation used as fuel. Buyer pays 50% of a resale price, up to 50,000 tons, unless agreed to in writing to exceed this weight limit, Income related to these sales are recorded within other income. The Company has executed a Sales Order with Waste Management National Services, Inc. for December 3, 2021 through March 1, 2022, and has not yet realized any income as of December 31, 2021.

Stock Based Compensation

For equity-classified awards, compensation expense is recognized over the requisite service period based on the computed fair value on the grant date of the award. Equity classified awards include the issuance of stock options and restricted stock units (“RSUs”).

Notes Payable

The Company records notes payable net of any discounts or premiums. Discounts and premiums are amortized as interest expense or income over the life of the note in such a way as to result in a constant rate of interest when applied to the amount outstanding at the beginning of any given period.

Warrant Liabilities

The Company records warrant liabilities at their fair value as of the balance sheet date, and recognizes changes in the balances, over the comparative periods of either the issuance date or the last reporting date, as part of changes in fair value of warrant liabilities expense. At the issuance date, each series of warrants were convertible and redeemable to preferred stock. As of October 22, 2021 (the closing date of the IPO (as defined below)), all preferred stock converted to common stock one for one. As such, the warrant liability was revalued and reclassified to equity due to the equity offering and conversion as common shares.

Segment Information

Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”). The role of the CODM is to make decisions about allocating resources and assessing performance. The Company’s operations are based on its Energy Operations and Cryptocurrency Operations and thus the Company concluded its business operates in two operating segments. The CODM reviews financial information presented on each of these two operating segments for purposes of allocating resources and evaluating financial performance. The Company’s chief executive officer has been identified as its CODM. The Company's two operating segments are also its reportable segments: Energy Operations and Cryptocurrency Operations.

Common Stock – Class V

The Company accounts for the 56.1% interest represented by the Class V common stock outside of permanent equity as a result of certain redemption rights held by the holders that are outside the control of the Company. As such, the Company adjusts the Common Stock - Class V to its maximum redemption amount at the balance sheet date, if higher than the carrying amount. The redemption amount is based on a third-party valuation methodology of the Company’s Class A common stock at the end of the reporting period. Changes in the redemption value are recognized immediately as they occur, as if the end of the reporting period was also the redemption date for the instrument, with an offsetting entry to accumulated deficit.

For each share of Class V common stock outstanding, there is a corresponding outstanding Class A common unit of Stronghold LLC. The redemption of any share of Class V common stock would be accompanied by a concurrent redemption of the corresponding Class A common unit of Stronghold LLC, such that both the share of Class V common stock and the corresponding Class A common unit of Stronghold LLC are redeemed as a combined unit in exchange for

either a single share of Class A common stock or cash of equivalent value based on the fair value of the Class A common stock at the time of the redemption. For accounting purposes, the value of the Class A common units of Stronghold LLC is attributed to the corresponding shares of Class V common stock on the December 31, 2021 balance sheet.

Loss per Share

Basic net (loss) income per share (“EPS”) of common stock is computed by dividing net loss by the weighted average number of shares of common stock outstanding or shares subject to exercise for a nominal value during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.

Since the Company has incurred a loss for the period ended December 31, 2021, basic and diluted net loss per share is the same. At December 31, 2020 there were no potentially dilutive securities outstanding.

Income Taxes

Reorganization

Upon completion of the Reorganization, the Company is organized as an “Up-C” structure in which substantially all of the assets and business of the consolidated Company are held by Stronghold Inc. through its subsidiaries, and the Company’s direct assets largely consist of cash and investments in subsidiaries. For income tax purposes, the portion of the Company’s earnings allocable to Stronghold Inc. is subject to corporate income tax rates at the federal and state levels. Therefore, the income taxes recorded prior to the Reorganization are not representative of the income taxes after the Reorganization.

The Company accounts for income taxes under the asset and liability method, in which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is required to the extent any deferred tax assets may not be realizable. Based on the Company’s evaluation and application of ASC Topic 740, Income Taxes (“ASC 740”), the Company has determined that the utilization of the deferred tax assets is not more likely than not, and therefore the Company has recorded a valuation allowance against the net deferred tax assets of the Company. Factors contributing to this assessment include the Company’s cumulative and current losses, as well as the evaluation of other sources of income as outlined in ASC 740. The Company continues to evaluate the likelihood of the utilization of deferred tax assets, and while the valuation allowance remains in place, we expect to record no deferred income tax expense or benefit.

ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. Based on the Company's evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company's consolidated financial statements. Although the Company has not yet filed a corporate tax return, the basis of tax positions applied to our tax provisions substantially comply with applicable federal and state regulations. We acknowledge the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made. As of December 31, 2021, the Company's tax years ended December 31, 2018 through 2021 are open for potential examination by taxing authorities.

Certain of Stronghold Inc.’s subsidiaries are structured as flow-through entities; and therefore the taxable income or loss of such subsidiaries is included in the income tax returns of the partners, including Stronghold Inc. Application of ASC 740 to these entities results in no recognition of federal or state income taxes at the entity level. The portion of such subsidiaries' activities that are allocable to the Company will increase the Company’s taxable income or loss and be accounted for under ASC 740 at the Company.

Prior to the Reorganization

Scrubgrass and Stronghold LLC were structured as a limited partnership and limited liability company, respectively; therefore the taxable income or loss of the Company is included in the income tax returns of the individual partners. Accordingly, no recognition has been given to federal or state income taxes in the accompanying financial statements.

Two of Scrubgrass' subsidiaries, Clearfield and Leechburg, are corporations for federal and state income tax purposes. Income taxes attributable to Clearfield and Leechburg are provided based on the asset and liability method of accounting pursuant to the Income Taxes Topic of FASB ASC 740, both prior to and subsequent to the Reorganization. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all, of the deferred tax asset will not be realized. Clearfield and Leechburg have not recorded any temporary differences resulting in either a deferred tax asset or liability as of December 31, 2021, or 2020.

Recently Issued Accounting Standards

In February 2016, FASB issued ASU 2016-02, Leases (“Topic 842”), which supersedes ASC Topic 840, Leases. Topic 842 requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. Topic 842 will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. In November 2020, FASB deferred the effective date for implementation of Topic 842 by one year and, in June 2020, FASB deferred the effective date by an additional year. Topic 842 is effective for the Company on January 1, 2022. The Company is currently in the process of developing its new accounting policies and determining the potential aggregate impact that the adoption of Topic 842 will have on its financial statements. The Company does not believe the adoption of this standard will have a material impact on the consolidated financial statements.

PROPERTY AND EQUIPMENT (Details) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 7,607,721	$ 558,630
Property, Plant And Equipment, Excluding Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	201,286,355	34,862,894
Accumulated depreciation and amortization	(34,629,200)	(27,048,695)
TOTALS	166,657,155	7,814,199
Electric Plant
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 66,153,985	30,288,979
Electric Plant \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	10 years
Electric Plant \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	60 years
Power Transformers
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,489,472	0
Power Transformers \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	8 years
Power Transformers \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	30 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 12,015,811	2,862,736
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	5 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	20 years
Rolling Stock
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 261,000	0
Rolling Stock \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	5 years
Rolling Stock \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	7 years
Cryptocurrency Machines & Powering Supplies
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 78,505,675	0
Cryptocurrency Machines & Powering Supplies \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	2 years
Cryptocurrency Machines & Powering Supplies \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	3 years
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 56,620	5,062
Computer hardware and software \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	2 years
Computer hardware and software \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	5 years
Vehicles & Trailers
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 155,564	81,733
Vehicles & Trailers \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	2 years
Vehicles & Trailers \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	7 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 36,067,776	1,544,536
Asset retirement obligation
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 580,452	$ 79,848
Asset retirement obligation \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	10 years
Asset retirement obligation \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	30 years

REDEEMABLE COMMON STOCK - Schedule of Redeemable Common Stock (Details) - USD ($)			3 Months Ended				9 Months Ended	12 Months Ended
	May 14, 2021	Apr. 01, 2021	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2021
Increase (Decrease) in Partners' Capital [Roll Forward]
General partners, beginning balance		$ (2,877,584)			$ (2,877,584)	$ (2,710,323)	$ (2,877,584)	$ (2,710,323)
Net losses attributable to non controlling interest							(15,803,234)	(15,803,234)
General partners, ending balance						(2,877,584)
Increase (Decrease) in Temporary Equity [Roll Forward]
Buyout of Aspen Interest							58
Converted to Common Class A							(58)
Maximum redemption right valuation			$ 66,644,424	$ 79,669,600	172,774,052		319,088,076
Ending balance			301,052,617				301,052,617	$ 301,052,617
Accumulated Deficit
Increase (Decrease) in Partners' Capital [Roll Forward]
Net losses attributable to non controlling interest			$ (8,594,196)	$ (4,328,460)	$ (2,235,219)		(15,157,875)
General Partners
Increase (Decrease) in Partners' Capital [Roll Forward]
Net losses attributable to non controlling interest						$ (167,261)
Increase (Decrease) in Temporary Equity [Roll Forward]
Maximum redemption right valuation							$ 18,035,459
Redeemable Convertible Preferred Stock, Series A
Increase (Decrease) in Temporary Equity [Roll Forward]
Buyout of Aspen Interest (in shares)							576,000
Buyout of Aspen Interest							$ 58
Converted to Common Class A (in shares)							(576,000)
Converted to Common Class A							$ (58)
Issuance of convertible redeemable preferred units (in shares)							9,792,000
Issuance of convertible redeemable preferred units							$ 78,673,010
Warrants issued as part of stock registrations		$ (631,897)					$ (631,897)
Conversion of units (in shares)							(9,792,000)
Conversion of units							$ (78,041,113)
Ending balance (in shares)			0				0	0
Ending balance			$ 0				$ 0	$ 0
Redeemable Convertible Preferred Stock, Series B
Increase (Decrease) in Temporary Equity [Roll Forward]
Issuance of convertible redeemable preferred units							18,391,308
Warrants issued as part of stock registrations	$ (148,575)						(148,575)
Conversion of units							(18,242,733)
Ending balance			$ 0				$ 0	$ 0
Common Stock - Class V
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance (in shares)			27,057,600
Exchange of common shares - Class V (in shares)							27,072,000
Conversion of units (in shares)							(14,400)
Maximum redemption right valuation							$ 301,052,617
Ending balance (in shares)		27,057,600	27,057,600	27,057,600			27,057,600	27,057,600
Ending balance			$ 301,052,617				$ 301,052,617	$ 301,052,617

STOCK-BASED COMPENSATION - Total Stock-Based Compensation Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock compensation expense	$ 4,015,324	$ 0
Restricted stock awards under the Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock compensation expense	172,800	0
Stock option awards under the Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock compensation expense	$ 3,842,524	$ 0

PAYCHECK PROTECTION PROGRAM LOAN, ECONOMIC INJURY DISASTER LOAN

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

PAYCHECK PROTECTION PROGRAM LOAN, ECONOMIC INJURY DISASTER LOAN

LONG-TERM DEBT

Long-term debt consisted of the following as of:


	December 31, 2021			December 31, 2020
$66,076 loan, with interest at 5.55%, due July 2021.	$	3,054		$	16,440
$75,000 loan, with interest at 12.67%, due April 2021.	7,312			14,934
$142,000 loan, with interest at 11.21%, due April 2021.	—			18,056
$70,000 loan, with interest at 11.92%, due April 2021.	—			8,974
$499,520 loan, with interest at 2.49% due December 2023.	232,337			333,599
$499,895 loan, with interest at 2.95% due July 2023.	246,720			371,490
$212,675 loan, with interest at 6.75% due October 2022.	103,857			168,397
$517,465 loan, with interest at 4.78% due October 2024.	490,600			—
$431,825 loan, with interest at 7.60% due April 2024.	204,833			—
financing agreement for insurance with interest at 3.45% due July 2022.	4,299,721			—
$40,000,000 loan, with interest at 10.00% due June 2023.	30,734,045		[A]	—
$10,641,362 loan, with interest at 10.00% due June 2023.	8,176,302		[B]	—
$14,077,800 loan, with interest at 10.00% due June 2023.	10,816,694		[C]	—
$17,984,000 maximum advance loan, interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	10,790,400		[D]	—
$17,984,000 maximum advance loan, with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	7,769,088		[E]	—
$17,984,000 maximum advance loan, 2022 with interest at 9.99% due December 2023. Balance is what has been advanced as of December 31, 2021.	—		[F]	—
	73,874,963			931,890
Less current portions, deferred costs, & discounts
Outstanding loans	50,099,372			449,447
Deferred debt issuance costs	2,854,787			—
Discounts from issuance of stock	1,042,416			—
Discounts from issuance of warrants	1,499,547			—
	$	18,378,841		$	482,443

Future scheduled maturities on the outstanding borrowings for each of the next three years as of December 31, 2021 are as follows:


Years ending December 31:
2022	$	51,777,764
2023	21,955,328
2024	141,871
	$	73,874,963

PAYCHECK PROTECTION PROGRAM LOAN, ECONOMIC INJURY DISASTER LOAN

- Definition

+ References

+ Details