Digihost Technology Inc. Bolsters Operations with New Acquisition of Bitcoin Miners

Digihost Technology Inc. DGHI has recently announced an expansion to their Bitcoin mining capabilities with the procurement of 4,640 additional Bitmain S19 XP miners. This expansion is part of a hosting agreement that is set to enhance the company's operational capacity over the coming years.

Strategic Growth Through Acquisition

In an assertive move to scale their operations and increase their blockchain computational power, DGHI has acquired a new fleet of S19 XPs 150TH miners. These high-performance miners are expected to significantly boost Digihost’s Bitcoin production capabilities. The new machines are part of a long-term hosting agreement struck between Digihost and Bitmain, marking a notable development in DGHI's growth strategy.

Strengthening Market Position

The addition of these miners is anticipated to promote DGHI's position within the cryptocurrency mining sector. This move underscores the company's commitment to optimizing their mining operations and securing a competitive edge in the increasingly popular field of Bitcoin mining.

Furthermore, this announcement has been identified as a "designated news release" in the context of the company's prospectus supplement dated March 4, 2022, and its short form base shelf prospectus dated February 23, 2022.

expansion, mining, bitcoin