HSSHF - Digihost Technology acquires Digifactory1 increasing hashrate capacity to 3 EH

Digihost Technology (HSSHF) signed a binding agreement for the purchase of New York based 60 MW power plant, Digifactory1, taking the company's total power capacity to ~102 MW, for cash consideration of $3.5M and 437,318 shares issued to the vendor.Generating its own power will lead to significantly reduce electricity costs, its largest operating expense for its cryptocurrency mining operations; estimated that with the acquisition of Digifactory1, the all-in cost of electricity will be reduced to under $0.03 per kw/h.Digifactory1 will have the capacity to operate an additional 18K top tier Bitcoin miners; added to the existing fleet of 11.5K miners already in operation, would combine for a total Bitcoin mining capacity of ~400 Bitcoins per month as of today's mining difficulty factor.The expanded capacity would allow for a potential increase to the existing hashrate of 190 PH to up to 3 EH.Transaction is expected to close within 90 days subject to approvals.

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Digihost Technology acquires Digifactory1 increasing hashrate capacity to 3 EH