11:41 AM EDT, 11/01/2024 (MT Newswires) -- Digihost Technology ( DGHI ) , a U.S. based blockchain technology and computer infrastructure company, on Friday said miners at its facilities mined about 38 bitcoin in October, a 10% increase over the prior month.

The company held cash, bitcoin and cash deposits of about US$9 million as of Oct. 31, down from US$9.2 million a month ago. Digihost ( DGHI ) spent around US$400,000 on capital expenditures, mining infrastructure support equipment and deposits.

The company's consolidated operating capacity across its three sites represents about 90 megawatts of available power. Digihost ( DGHI ) is mining at a hashrate of 2 EH/s. Upon completion of site maintenance, Digihost ( DGHI ) expects mining at a hashrate of 3 EH/s by the end of December.

The company is in the process of building its initial Tier 3 data center with a target completion date at the end of 2025 or in the first quarter of 2026.

Digihost ( DGHI ) shares were last seen down $0.14 to $2.10 on the TSX Venture Exchange.

Price: 2.10, Change: -0.14, Percent Change: -6.25