- Digihost (DGHI) and Bit Digital have entered a co-mining agreement to further increase their combined hashrates by 2 EH
- Pursuant to the agreement, Bit Digital will operate a 100 MW Bitcoin mining system for two years
- Digihost will provide power and management services to operate the miners
- The miners will be delivered and installed beginning in January 2022
- Bit Digital is a Bitcoin mining company with one of the largest fleets among U.S.-listed Bitcoin miners
- Digihost Technology is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
- Digihost Technology (DGHI) is up by 15.17 per cent and is currently trading at $1.67 per share
Digihost (DGHI) and Bit Digital have entered a co-mining agreement to further increase their combined hashrates by 2 EH.
Pursuant to the agreement, Digihost will provide certain premises to Bit Digital to operate a 100 MW Bitcoin mining system for two years.
Digihost will also provide power and management services to operate the miners.
Excluding Digihost’s competitive rate for power, the companies will participate in a profit-sharing arrangement.
The miners will be delivered and installed beginning in January 2022.
The companies will have increased their hashrates by 2.4 EH since their initial collaboration was announced on June 10, 2021.
Michel Amar, Digihost’s CEO, commented,
“Our business strategy continues to be growth through the expansion of our mining infrastructure, vertical integration of green sources of energy and tactical partnerships with leading companies in the blockchain sector while striving to maintain our focus on being an industry-leading ESG company.
We are also excited to share with the marketplace that we are currently in the process of establishing a research and development facility in Houston, Texas, which will serve as the technology headquarters for the company from where we plan to explore cloud computing, artificial intelligence and deep learning applications.”
Bryan Bullett, Bit Digital’s CEO, added,
“By signing this agreement, we believe that Bit Digital has secured power and hosting sufficient to complete the migration of our current fleet to North America in full.
As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation in China and our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity and is expected to enable rapid deployment of newly purchased miners.”
Bit Digital is a Bitcoin mining company with one of the largest fleets among U.S.-listed Bitcoin miners at over 1.9 EH.
Digihost Technology is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.
Digihost Technology (DGHI) is up by 15.17 per cent and is currently trading at $1.67 per share as of 12:52 pm ET.