- Digihost (DGHI) has acquired 10,000 Bitcoin miners from Northern Data AG, increasing its hashrate by 925 PH
- Northern Data is a leading infrastructure supplier for BTC mining and other high-performance computing infrastructure solutions
- Northern will install and host the miners in proprietary mobile data centers to be located in Digihost’s facility
- Net revenue from BTC mining operations will be allocated between Digihost and Northern Data according to a fixed distribution formula
- Digihost intends to utilize renewable natural gas and acquire renewable energy certificates to mitigate its carbon footprint
- Digihost Technology is a growth-oriented blockchain company focused on Bitcoin mining
- Digihost (DGHI) is up by 9.52 per cent and is currently trading at $1.38 per share
Digihost (DGHI) has acquired 10,000 Bitcoin miners from Northern Data AG, increasing its hashrate by 925 PH.
Northern Data is a leading infrastructure supplier for BTC mining and other high-performance computing infrastructure solutions.
The miners will be delivered between August and December of this year.
Pursuant to the definitive purchase agreement, Digihost has concurrently entered into a hosting agreement with Northern Data whereby the latter will provide services to the company, including installing and hosting the miners in proprietary mobile data centers to be located in Digihost’s facility.
Digihost will provide power to the operation from its 60 MW power plant while Northern Data will be responsible for supplying and maintaining the dedicated data centre infrastructure.
Net revenue from BTC mining operations, after paying Digihost a very competitive power rate, will be allocated between Digihost and Northern Data according to a fixed distribution formula.
Digihost intends to utilize renewable natural gas to operate its power plant, Digifactory1, as well as acquire renewable energy certificates to mitigate its carbon footprint.
The companies are in advanced discussions to expand the purchase agreement up to a total of 30,000 miners, giving Digihost the potential to increase its current hashrate to approximately 3 EH.
Michel Amar, Digihost’s CEO, stated,
“Accelerating the company’s combined hashrate to more than 1.145 EH by the end of this year, which could result in approximately US$80 million of operating profit in 2022 based on current Bitcoin metrics, is a significant accomplishment for Digihost as we continue to evolve as a leader in the cryptocurrency mining sector.”
Digihost Technology is a growth-oriented blockchain company focused on Bitcoin mining.
Digihost (DGHI) is up by 9.52 per cent and is currently trading at $1.38 per share as of 1:44 pm ET.