- Digihost Technology (DGHI) has entered into a long-term deal to purchase community solar credits from a nearby community solar farm
- The project is located in National Grid territory, and is being managed by the Williamsville, New York based energy supplier, EnergyMark
- The community solar project is 5MW in size and will produce roughly 9,500,000 kWh’s of clean electricity annually – enough to power more than 1,000 homes
- Digihost Technology Inc is a blockchain company focused on Bitcoin mining
- Digihost Technology Inc. was up 3.982 per cent, trading at C$2.35 at 4:17 PM ET
Digihost Technology (DGHI) has entered into a long-term deal to purchase community solar credits from a nearby community solar farm.
The project is situated in National Grid territory, and is being managed by the Williamsville, New York-based energy supplier, EnergyMark.
The community solar project is 5MW in size and will produce roughly 9,500,000 kWh’s of clean electricity annually – enough to power more than 1,000 homes.
Digihost’s current East Delavan, New York facility will be the anchor subscriber to the project. This facility is located in New York’s Zone-A region, where more than 90 per cent of the power consumed is from zero emissions generation.
The long-term agreement will further reduce Digihost’s already low carbon footprint for its BTC mining operations and allow the company to apply the community solar credits received pursuant to the agreement against future utility bills.
The solar farm is expected to begin generating renewable electricity by Q4 2022.
“Continued investment and support from the Blockchain industry will accelerate the growth of renewable electricity in the United States,” noted Luke Marchiori, Digihost’s Chief Renewable Energy Officer.
“This long-term community solar agreement with EnergyMark demonstrates our continued commitment to sustainable mining and renewable energy development,” he added.
At an operational level, Digihost increased its current hashing capacity from 450 PH/s to 650 PH/s.
With regards to its infrastructure buildout in North Tonawanda for its proposed power plant acquisition, the company is still awaiting approval from the Public Service Commission to finalize that acquisition.
Digihost Technology Inc is a blockchain company focused on Bitcoin mining.
Digihost Technology Inc was up 3.982 per cent, trading at C$2.35 at 4:17 PM ET.