“Collectively, the NYDIG, WhiteHawk, and Convertible Notes and Warrants restructurings (i) scale back principal quantity excellent by roughly $79 million (roughly 55% of complete principal quantity excellent as of June 30, 2022), (ii) scale back money curiosity and principal funds by year-end 2023 by roughly $113 million, and (iii) enhance Stronghold’s forecasted money movement by roughly $40 million by year-end 2023 by a discount in curiosity and principal funds and monetization of the facility capability previously devoted to miners,” the corporate wrote in a press launch.
