CA - Digihost bitcoin output down 21% sequentially due to voluntary curtailment

2023-08-02 08:51:08 ET

• Digihost Technology ( NASDAQ: DGHI ) said Wednesday it mined ~55 bitcoin ( BTC-USD ) in July, 21.4% lower than June's production, due to voluntary curtailment .
• As July was one of the warmest months ever recorded, Digihost ( DGHI ) voluntarily curtailed its burden to assist the energy needs of local communities in Western New York.
• Production is expected to ramp up by the end of Q3 as Digihost ( DGHI ) finalizes the infrastructure setup at its recently acquired site. Infrastructure installation has been completed at the other two sites.
• Cash, BTC and cash deposits totaled ~$2.4M as of July 31, in line with its cash and crypto holdings of $2.3M as of June 30.
• Digihost ( DGHI ) continued to monetize a portion of its BTC production to fully fund its energy costs, consistent with its commitment to avoid equity dilution for shareholders.
• As a result of Digihost's ( DGHI ) site acquisition in Q1, its consolidated operating capacity across three sites increased to ~100 MW, representing ~2 EH of computing power.
• Digihost ( DGHI ) projects that total capacity will be fully deployed by Q3-end.
• Earlier, Digihost ( DGHI ) mined ~70 bitcoin in June .

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