- Digihost Technology Inc. (DGHI) has released its unaudited Bitcoin production updates for August 2021
- The company increased the amount of Bitcoin mined by 33 per cent compared to the first two months of the previous quarter
- Digihost is on track to produce a higher fair market value in the third quarter than any previous quarter
- The company continues to find ways to remain environmentally responsible while creating value for its shareholders
- Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
- Digihost Technology Inc. (DGHI) is down 0.88 per cent, trading at $2.25 per share
Digihost Technology Inc. (DGHI) has released its unaudited Bitcoin production updates for August 2021.
The company continued its trend from the previous month, increasing Bitcoin mined by 33 per cent compared to the first two months of the previous quarter.
As of the end of August, Digihost has increased its total holdings to 446.2 BTC, representing a fair market value of approximately $21 million.
The company produced an additional 44.07 Bitcoin during the month, down slightly from a record 51.28 produced in July but still significantly higher than monthly production in the first and second quarters of 2021.
Based on the BTC prices in these respective quarters and the increase in production of BTC mined, the fair market value of the company’s BTC mined on a quarter-over-quarter basis increased by approximately $821k.
Michel Amar, Digihost CEO, commented on this month’s results.
“We are proud of the tremendous growth in our mining operations, as we are on track to mine a higher fair market value of Bitcoin in Q3 compared to any previous quarter to-date,” he said.
“Consistent with the company’s objective to maintain continuous ESG compliance,” he added, “we are pleased to report that we voluntarily gave up peak hours of mining for five days during the month of August in the middle of the heatwave, providing our power to the grid in order to sustain air conditioning for the local community.”
The company continues to find ways to remain environmentally responsible while creating value for its shareholders.
Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.
Digihost Technology Inc. (DGHI) is down 0.88 per cent, trading at $2.25 per share as of 3:59 pm ET.