10:45 AM EST, 12/02/2024 (MT Newswires) -- Digihost Technology ( DGHI ) was at last look up near 2.5% -- it was up nearer 5% -- after earlier on Monday saying it held cash, BTC and cash deposits of $10 million as of Nov. 30, a roughly 11% monthly increase over the previous month.

Miners at Digihost's ( DGHI ) facilities produced 37 BTC during the month of November.

Digihost ( DGHI ) operates with a 100MW of power across its three sites and has access to an additional 300MW of allocated power for future development. One of its plants was taken offline earlier in the quarter for scheduled maintenance and is expected to resume operations by the end of this month. The full utilization of this power capacity is projected to drive substantial revenue growth from early next year.

The company is currently contracted with a multi-billion dollar global engineering and consulting firm to initiate the pilot phase (up to 20MW) of its Tier 3 data center expansion in Alabama. It expects to complete the project by the end of 2025 or early 2026.

The company's shares were last seen up $0.07, to $2.93, on the TSX Venture Exchange.

Price: 3.00, Change: +0.14, Percent Change: +4.90