06:27 AM EDT, 05/01/2024 (MT Newswires) -- Digihost Technology ( DGHI ) , a U.S. based blockchain technology and computer infrastructure company, provided unaudited comparative Bitcoin production results for the month ended April 30, 2024, combined with an operations update.

"The company is pleased to announce that it has been able to increase and secure its overall cash and cryptocurrency position over the course of the last few months," Michel Amar, Chairman and CEO of Digihost ( DGHI ), said in a statement, "Even though Digihost ( DGHI ) is facing similar challenges as other miners post-halving, the recent steps taken by the company to diversify its revenue streams and partner on hosting agreements will allow it to pursue additional opportunities to enhance its computing power in an environmentally conscious manner."

Among Monthly Production Highlights for April 2024, the company held cash, BTC and cash deposits of approximately US$6.7 million as of April 30 (based on BTC price on April 30 on CoinMarketCap), compared with $6.2 million as of March 31 (based on BTC price on March 30), an 8% increase.

Despite the halving and the decline in the price of BTC throughout April, as compared to the previous month, the company's ending BTC position increased over the March 2024 balance by approximately $0.8 million.

The company spent approximately $0.2 million on capital expenditures and mining infrastructure support equipment. Digihost ( DGHI ) said it continues to monitor its capital expenditures closely with self-funding to limit equity dilution for its shareholders.

Digihost ( DGHI ) said consistent with management's ongoing commitment to minimize equity dilution for its shareholders, it has continued to monetize a portion of its BTC production to fully fund its energy costs.

In an Operations Update, Digihost ( DGHI ) said presently consolidated operating capacity across its three sites represents approximately 90MW of available power and is mining at hashrate of 2 EH/s.