Digihost Announces Y/Y 129% Increase in Quarterly Bitcoin Production and Provides Operations Update
— Diversify jurisdictional risk, Depreciating bitcoin prices, Approximately 128, Information, Improvements, Move, 9758email, Buffalo, Occur, Strategic plan — 1 min read
Digihost is pleased to provide unaudited comparative BTC production results for the month and quarter ended June 30, 2022. Company mined approximately 141.71 more BTC in Q2 2022, compared to Q2 2021, representing an increase of approximately 128.9%. The Company’s move to Alabama and the opening of a new head office in Houston, Texas earlier this year are milestones consistent with its strategic plan to diversify jurisdictional risk. Company currently has no debt and cash and liquid assets totalled approximately $12.4 million. Company plans to begin mining operations at its new Alabama site in Q4 with mining operations scheduled to commence in Q3 2022. The value of BTC mined in June 2022 increased by approximately $1.1 million, or 29% compared to Source