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Digihost Technology has received 1,040 advanced M30 Bitcoin miners, bringing its total to 6,000 new miners since mid-October. This expansion is expected to increase the company's hashrate from approximately 300PH to 500PH by mid-November, marking a 150% increase since September 2021. CEO Michel Amar emphasized the company's commitment to scaling operations and enhancing mining capabilities. Digihost aims to reach a hashrate of 3.6 EH by the end of 2022, bolstering its position in the competitive Bitcoin mining sector.
Digihost Technology Inc. (OTCQB: HSSHF) has announced a consolidation of its shares at a 3-for-1 ratio, effective October 28, 2021. This move aims to meet Nasdaq's minimum share price requirement for a proposed listing, enhancing liquidity and investor profile. Following the consolidation, approximately 25 million shares will remain outstanding. The company intends to maintain its TSX Venture Exchange listing under the symbol DGHI and will not change its trading symbol. The successful Nasdaq listing is subject to regulatory approval.
Digihost Technology Inc. (OTCQB: HSSHF) reported impressive Q3 2021 results, with revenue from digital currency mining reaching $5.5 million, marking a 1,153% increase year-over-year and an 8% increase from Q2. The company achieved a comprehensive income of $2.9 million, contrasting a loss of $1.7 million in Q3 2020. Key highlights include a robust gross profit margin of 49% and a cash reserve of $17.3 million. Further growth is expected with the arrival of new miners and the ongoing collaboration with Bit Digital.
Digihost Technology Inc. (TSXV: DGHI; OTCQB: HSSHF) announced the acquisition of 1,952 advanced M30 Bitcoin miners, enhancing its mining capacity. The new miners are set to become operational within two weeks, contributing to an increase in the company’s overall hashrate. Digihost aims to upgrade its mining operations, with plans to attain a hashrate of approximately 3.6 EH by the end of 2022. CEO Michel Amar emphasized this milestone as part of efforts to deliver growth and shareholder value.
Digihost Technology Inc. (HSSHF) announced plans for a share consolidation to meet Nasdaq Capital Market listing requirements, consolidating three subordinate voting shares into one. Post-consolidation, the expected shares will be approximately 25 million subordinate and 3,333 proportionate voting shares. The consolidation aims to enhance investor liquidity and access to capital. However, the listing is subject to Nasdaq's approval, with no guarantees of success. Currently, the company is hashing at 200PH and aims for 3.6 EH by mid-2022.
Digihost Technology reported a productive Q3 2021, mining 133.02 BTC, a 21% increase from Q2, raising total production to 348.25 BTC for the year. As of September 30, 2021, the company's BTC holdings reached 452.24 BTC valued at around $19.9 million. Additionally, Diversifying its assets, it converted 31.62 BTC into 1,000.89 ETH valued at $3.0 million. Cash reserves totaled approximately $17.2 million, and overall digital asset holdings amounted to $40.1 million, showcasing growth potential and a robust balance sheet.
Digihost Technology Inc. (HSSHF) reported significant growth in Bitcoin mining for August 2021, producing 44.07 BTC, which increased total holdings to 446.2 BTC valued at approximately $21 million. The company's Ethereum holdings reached 563.89 ETH, valued at around $1.9 million. Cash on hand was approximately $18.9 million, contributing to total assets of $41.7 million. Notably, BTC production increased by 33% quarter-over-quarter and 185% year-over-year, resulting in a fair market value increase of approximately $1.9 million compared to August 2020.
Digihost Technology Inc. (HSSHF) reports impressive financial results for Q2 2021, with revenue from digital currency mining at $5.1 million, representing a 369% increase year-over-year. The company achieved cash flow of $20.3 million, significantly up from $95k in Q2 2020. Gross profit rose to $2.9 million, reversing a loss of $1.0 million from the previous year. Assets increased to $68.4 million with total liabilities down to $4.8 million. Digihost is focused on expanding mining capacity to enhance shareholder value.
Digihost Technology Inc. (HSSHF) reported significant growth in Bitcoin production for July 2021. The company mined 51.28 BTC, increasing its total holdings to 402.1 BTC valued at approximately $16.7 million. Year-to-date, Digihost has invested $23.5 million in infrastructure, with cash and digital asset holdings totaling around $36.9 million. The month-over-month production increased by 34%, while year-over-year production surged by 291%. Digihost emphasizes its commitment to renewable energy sources in its mining operations.
Digihost Technology Inc. (HSSHF) and Bit Digital, Inc. have signed a second strategic co-mining agreement to enhance Bitcoin mining capabilities. The collaboration aims to add approximately 2 EH to their hashrate, reaching a total of 2.4 EH. Digihost will provide power and management services for a 100 MW Bitcoin mining system in exchange for profit-sharing, commencing January 2022. CEO Michel Amar emphasizes growth through infrastructure expansion and green energy, while Bit Digital anticipates significant miner activity due to market opportunities. Digihost targets a hashrate of 3.6 EH by mid-2022.
