June 23, 2024 9:56 pm
Digihost Technology Increases Bitcoin Mining Operations (NASDAQ:DGHI)

In the rapidly expanding cryptocurrency market, Digihost Technology (NASDAQ: DGHI) has recently announced a new partnership and profit-sharing agreement with a strategic partner. As part of this agreement, Digihost will receive 60% of the daily Bitcoin mining rewards generated by 11,000 S21 miners in exchange for providing capacity and electrical infrastructure support. The deployment of these miners will be completed in phases, with an anticipated hash rate increase of 1.2 EH/s by the end of Q3 2024.

This strategic move is expected to significantly increase Digihost’s presence and capabilities in the Bitcoin mining industry, bringing its total targeted hash rate to 3.2 EH/s. Overall, this profit-sharing agreement represents a promising opportunity for Digihost Technology to enhance its mining capabilities and maximize its potential returns in the rapidly expanding cryptocurrency market. This partnership reflects the company’s commitment to growth and innovation in the digital asset space.

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