06:27 AM EDT, 10/01/2024 (MT Newswires) -- Digihost Technology ( DGHI ) , a U.S. based blockchain technology and computer infrastructure company, on Tuesday provided unaudited comparative Bitcoin production results for the month ended September 30, combined with an operations update.

On monthly production highlights for September 2024, the company said it held cash, BTC and cash deposits of approximately US$9.2 million as of September 30, 2024 (based on a BTC price of $63,900 as of August 31, 2024 per CoinMarketCap), as compared to $10.4 million as of August 31, 2024 (based on a BTC price of $58,970 as of August 31, 2024 per CoinMarketCap).

The company said it is in the process of building its initial Tier 3 data center with a target completion date at the end of 2025 or Q1 2026. Alec Amar, President of Digihost ( DGHI ), added: "We are excited to announce the launch of a new strategic initiative of the company focused on developing Tier 3 infrastructure. By utilizing the high-voltage assets from our current operations, we expect to significantly lower development costs and shorten the time to bring this infrastructure to market, driving innovation and growth in high-performance computing."

On purchase of shares, the company announced that Michel Amar, director and CEO of Digihost ( DGHI ), and Alec Amar, director and president, entered into share purchase agreements with a seller to acquire 150,000 and 535,038 subordinate voting shares of the company, respectively, increasing their personal holdings of Digihost ( DGHI ). It said the shares are being acquired by way of a private transaction at a price of $1.18 per share pursuant to share purchase agreements, and closing remains subject to the fulfillment of certain conditions.

In an operations update. Digihost ( DGHI ) said presently consolidated operating capacity across its three sites represents approximately 90MW of available power, and Digihost ( DGHI ) is mining at a hashrate of 2.75 EH/s.

DGHI eased $0.03 to $1.57 on the TSX yesterday.