Total
0
Shares
The company that’s bringing customers to crypto … fast, easy & secure
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Digihost (DGHI) acquires 700 S17+ 76TH bitcoin miners for immediate delivery
  • The Bitmain S17+ miners are scheduled for delivery in early April and will be deployed immediately
  • This would translate to an additional US$400,000 of operating profit per month
  • Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
  • Digihost Technology Inc. (DGHI) is up 2.70 and is trading at C$2.66 at 2:18 pm ET

Digihost Technology Inc. (DGHI) acquires 700 Bitmain S17+ 76TH miners for a total purchase price of US$4.025 million.

This would increase Digihost's hashrate by 50PH, or approximately 20 per cent, in the second quarter of 2021.

The Bitmain S17+ miners are scheduled for delivery in early April and will be deployed immediately.

The addition of the 700 Bitmain S17+ miners, based on the current price of Bitcoin and level of mining difficulty, would increase Digihost's monthly mined BTC by approximately 9 BTC, which would translate to an additional US$400,000 of operating profit per month.

The new miners will be installed at Digihost's existing mining facility in Upstate New York.

Michel Amar, the Company’s CEO, stated,

“We continue to aggressively pursue every new opportunity that aligns with our goal to expand operations through the strategic acquisition of Bitcoin miners and low-cost sources of clean energy."

"We are excited to implement our plan to utilize the expanded 3EH hashing capacity from our recently announced acquisition of a 60MW power plant, where it is expected that the Company’s energy cost would be further reduced by up to 40 per cent,” added Amar.

The total purchase price of US$4,025,000 will be comprised of cash consideration of US$2.975 million and issuance to the vendor of 533,781 common shares of Digihost with a deemed value of US$1,050,000.

Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.

Digihost Technology Inc. (DGHI) is up 2.70 and is trading at C$2.66 at 2:18 pm ET.

More From The Market Herald
LUXXFOLIO (CSE:LUXX) announces DTC eligibility and listing on the Börse Berlin

" LUXXFOLIO (CSE:LUXX) announces DTC eligibility and listing on the Börse Berlin

LUXXFOLIO Holdings (LUXX) has received confirmation that its common shares are now eligible to be electronically cleared and settled through the DTC.
DMG Blockchain (TSXV:DMGI) takes position in Black Box Manufacturing

" LUXXFOLIO (CSE:LUXX) lists on the Frankfurt Exchange

LUXXFOLIO Holdings (LUXX) is pleased to announce that the company’s shares are now available for trading on the Frankfurt Exchange.
Featured Video Play Icon

" HIVE (TSXV:HIVE) announces record annual revenue and earnings of US$43.5M

HIVE Blockchain Technologies (HIVE) has announced results for the full year ended March 31, 2021.
CurrencyWorks (CSE:CWRK) to launch Anthony Hopkins thriller tomorrow

" CurrencyWorks (CSE:CWRK) to launch Anthony Hopkins thriller tomorrow

CurrencyWorks’ (CWRK) NFT platform, VUELE, will launch Anthony Hopkins’ thriller ZERO CONTACT on September 24.