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Digihost (TSXV:DGHI) mines 35.02 Bitcoins in February

Cryptocurrency
TSXV:DGHI
04 March 2021 14:30 (EDT)

Digihost (DGHI) mined 35.02 Bitcoins in the month of February.

The company’s total mined Bitcoin balance stands at 219.72 as of February 28, 2021.

Based on an approximate current Bitcoin price of US$51,000, the total value of the Bitcoins in Digihost’s possession is approximately US$11,206,000.

Digihost also increased its hashrate to approximately 189 Petahash on February 28 from a hashrate of 184 Petahash on January 31.

Michel Amar, Digihost’s CEO, stated,

“We are extremely excited by the results of our Bitcoin mining operations at our highly efficient mining facilities. During the shorter month of February, we increased our Bitcoin mining output by approximately 3% over January.

Also, the increase in the company’s mining hashrate during the month demonstrates the optimization of our Bitcoin mining infrastructure and with that, coupled with the strength in Bitcoin, we continue to provide exceptional value and growth for our shareholders.”

Digihost is a growth-oriented blockchain company primarily focused on Bitcoin mining.

The company’s mining facility is located in Buffalo, N.Y., and is equipped with an 18.7MVA 115,000-kilovolt-ampere outdoor substation with an option to increase the power output to 42MVA.

The company is currently hashing approximately 1.2 Bitcoins per day, subject to difficulty. 

Digihost (DGHI) is down 22.51 per cent and is currently trading at C$3.03 per share as of 1:45 pm EST.

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