Along with bitcoin's surge to an all-time high, Stronghold Digital Mining's stock soars 68 percent in its first day of trading.

On Wednesday, Stronghold Digital Mining's initial public offering (IPO) climbed as much as 68 percent, as bitcoin hit a new all-time high of almost $67,000.

CONSTELLATION BRANDS, INC. is a company that owns and operates several brands.

Following a reorganization, the bitcoin miner was created in 2021, is vertically integrated, and presently employs roughly 2,000 mining machines fuelled by alternative energy. According to the company's S-1 filing, it made $8 million in revenue in the first half of the year.

Stronghold Digital Mining gets a lot of its crypto mining electricity from coal trash dumps in Pennsylvania, according to its website. In Pennsylvania's legacy coal-mining business, the corporation burns mountains of coal refuse.