11:39 AM EDT, 09/04/2024 (MT Newswires) -- Digihost Technology ( DGHI ) reported on Wednesday a month-over-month increase in Bitcoin (BTC) production in August.

The U.S.-based blockchain technology and computer infrastructure company said its BTC production totaled 55 BTC in August, a 30% increase from July.

Digihost ( DGHI ) held cash, BTC and cash deposits of US$10.4 million as of Aug. 31, rising from US$6.9 million as of July 31.

The company said it spent about US$800,000 on capital expenditures, mining infrastructure support equipment and deposits.

Digihost ( DGHI ) said it is currently exploring opportunities to build its initial Tier 3 data center with a target completion date of end of 2025.

The company's shares were last seen up $0.02 to $1.59 on the TSX Venture Exchange.

Price: 1.59, Change: +0.02, Percent Change: +1.27