Digihost Technology Increases Bitcoin Mining Operations (NASDAQ:DGHI)

In recent news, Digihost Technology (NASDAQ: DGHI) has announced a new partnership and profit-sharing agreement with a strategic partner. As part of this agreement, the company will be integrating 11,000 S21 miners into its facilities. In exchange for providing capacity and electrical infrastructure support, Digihost will receive 60% of the daily Bitcoin mining rewards generated by these miners.

The deployment of the miners will occur in phases, with an anticipated hash rate increase of 1.2 EH/s by the end of Q3 2024. This will bring the total targeted hash rate to 3.2 EH/s. This strategic move is expected to significantly enhance Digihost’s presence and capabilities in the Bitcoin mining industry.

This profit-sharing agreement represents a promising opportunity for Digihost Technology to 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.

By Sophia Gonzalez

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