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Digihost Reports 18% Month-Over-Month Increase in Cash, Crypto Position; Provides June Production Update
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Digihost Reports 18% Month-Over-Month Increase in Cash, Crypto Position; Provides June Production Update
Jul 2, 2024 3:47 AM

06:37 AM EDT, 07/02/2024 (MT Newswires) -- Digihost Technology ( DGHI ) , a U.S.-based blockchain technology and computer infrastructure company, provided Tuesday unaudited comparative Bitcoin production results for the month ended June 30.

As of June 30, the company reported cash, Bitcoin, and cash deposits of about U.S.$7.1 million ($9.7 million), up from U.S.$6 million as of May 31, an 18% increase over the previous month.

Additionally, the company said miners at its facilities produced about 45 BTC in June. Digihost ( DGHI ) in June also signed an agreement to integrate 11,000 S21 miners into its facilities, representing about 44 megawatts of shared revenue. The deployment of these miners will be completed in phases, with an expected hash rate increase of 1.2 EH/s, to a targeted total of 3.2 EH/s, by the end of the third quarter.

Digihost ( DGHI ) spent about U.S.$0.4 million on capital expenditures, mining infrastructure support equipment, and deposits.

Digihost's ( DGHI ) 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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