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Digihost Technology Provides Bitcoin Production Update For May, Reports Non-Compliance Notice From Nasdaq
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Digihost Technology Provides Bitcoin Production Update For May, Reports Non-Compliance Notice From Nasdaq
May 31, 2024 4:45 AM

07:16 AM EDT, 05/31/2024 (MT Newswires) -- Digihost Technology ( DGHI ) , a U.S.-based blockchain technology and computer infrastructure company, on Friday provided Bitcoin production results for May.

The company said it held cash, Bitcoin, and cash deposits of about US$6 million as of May 30, as compared with US$6.7 million as of April 30.

Also, the company said it received a non-compliance notice from the Nasdaq Stock Market that said Digihost ( DGHI ) isn't compliant with a listing rule as it has not filed on time its annual report on Form 20-F for the fiscal year ended Dec. 31, 2023.

Under Nasdaq's listing rules, the company has 60 days from the date of the notice to submit a plan of compliance. If accepted, Nasdaq will then grant the company an exception of up to 180 calendar days from the original due date of the Form 20-F to regain compliance.

The company could be subject to delisting from Nasdaq in case of failure to regain compliance.

Among other news, Digihost ( DGHI ) said its consolidated operating capacity across its three sites represents about 90 megawatts of available power and is mining at hashrate of 2 EH/s.

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