- Digihost Technology (DGHI) has announced production results for February
- Mined 58.18 BTC, resulting in total holdings of 12.59 BTC at the end of February
- Ended the month with cash and BTC totalling approximately US$2.4 million
- Digihost is a technology company focused on the blockchain industry, managing its own operations, and providing joint venture partners with hosting arrangements
- Digihost Technology Inc. (DGHI) opened trading at C$1.75
Digihost Technology (DGHI) has announced production results and provided an operations update for the month of February.
February production highlights:
- Mined 58.18 BTC, resulting in total holdings of 12.59 BTC at the end of February
- Cash, BTC and cash deposits of approximately US$2.4 million as of February 28, 2023
- Used cash and digital asset inventory to fully fund the acquisition of its 60 MW power plant
- The company sold a portion of its BTC production in February to fund its energy costs
The company began February with approximately US$5.6 million in cash, cryptocurrencies and cash deposits, provided the vendor of the power plant with US$4.6 million in cash proceeds and ended February with total cash, BTC and cash deposits of approximately US$2.4 million.
With the completion of the Phase 1 build-out at the company’s site in Alabama, Digihost’s operating capacity at the end of February is close to 100 MW. Digihost now has the ability to increase its computing power from approximately 0.75 EH up to approximately 2.0 EH early in Q2, an increase of close to 167 per cent.
About Digihost
Digihost is a technology company focused on the blockchain industry. The company operates from three sites in the U.S. and, in addition to managing its own operations, provides joint venture partners with hosting arrangements at its facilities.
Digihost Technology Inc. (DGHI) opened trading at C$1.75.