- Produced 41.84 BTC during the month, increasing total holdings to 494.08 BTC representing a fair market value of approximately $30.3 million
- Total Ethereum holdings of 1,000.89 ETH representing a fair market value of approximately $4.3 million
- Cash on hand at October 31st of approximately $9.7 million, and total cash and digital asset holdings of approximately $44.3 million
- Current hashrate is approximately 400PH, expected to increase to approximately 500PH by the end of November
- Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
- Digihost Technology Inc. (DGHI) opened trading at C$9.42 per share
Digihost Technology Inc. (DGHI) has released its unaudited Bitcoin production updates for October 2021.
Corporate highlights for October 2021:
- Produced 41.84 BTC, increasing total holdings to 494.08 BTC representing a fair market value of approximately $30.3 million as of October 31, 2021.
- Total Ethereum holdings of 1,000.89 ETH representing a fair market value of approximately $4.3 million as at October 31, 2021.
- Total digital asset inventory value consisting of BTC and ETH of approximately $34.6 million at the end of October.
- Cash on hand at October 31st was approximately $9.7 million, and total cash and digital asset holdings was approximately $44.3 million.
- Received 4,932 M30 Bitcoin miners, with over 1,000 additional miners in transit to the company’s data center.
- Current hashrate is approximately 400PH and is expected to increase to approximately 500PH by the end of November, representing an increase of approximately 150 per cent since September of 2021.
Bitcoin mining update
For the ten-month period ended October 31, 2021, the company’s mining fleet produced 390.09 BTC with production broken down as follows:
- Quarter 1, 2021: 105.26 BTC
- January: 33.70
- February: 35.02
- March: 36.54
- Quarter 2, 2021: 109.97 BTC
- April: 37.52
- May: 34.26
- June: 38.19
- Quarter 3, 2021: 133.02 BTC
- July: 51.28
- August: 44.07
- September: 37.67
- Quarter 4, 2021: 41.84 BTC
- October: 41.84
Michel Amar, CEO of Digihost commented on the results.
“The increase in BTC production in October 2021 signifies continued operational success for Digihost and demonstrates the preliminary incremental mining rewards being generated as result of the arrival and deployment of new advanced machines at our data center. With additional miners expected to arrive in the weeks ahead, we will focus on optimizing our mining fleet as older machines are cycled out of production and replaced with cutting-edge models, which should enable us to substantially grow our hashrate and continue our strategy of increasing monthly coin production.”
Digihost is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.
Digihost Technology Inc. (DGHI) opened trading at C$9.42 per share.