06:33 AM EST, 03/05/2024 (MT Newswires) -- Digihost Technology Inc. ( DGHI ) , an innovative US-based blockchain technology and computer infrastructure company, said Tuesday that it has reached a multi-year hosting agreement with a manufacturer of digital currency mining servers.

Under the agreement, Digihost ( DGHI ) will receive an upfront deposit of about $1.8 million, and 4,640 S19 XPs, reflecting about 14 megawatts of hosting.

Digihost ( DGHI ) plans to deploy the miners before to the next Bitcoin halving. The deployment will result in an expected hash rate increase of about 700 PH/s, bringing Digihost's ( DGHI ) total hash rate to 2.4 EH/s.

Digihost's ( DGHI ) consolidated operating capacity across its three sites represents about 90MW of available power, and Digihost ( DGHI ) is mining at hash rate of 2 EH/s.

The company's shares fell nearly 5% in Canada yesterday.