Digihost Technology Inc (TSE:DGHI) has released an update.
Digihost Technology Inc. reported a significant year-over-year increase of 45% in daily Bitcoin mining for February 2024, despite an 11% decrease in daily BTC mined from the previous month due to increased mining difficulty. The company’s financial strength improved, with cash and BTC holdings rising to $3.9 million, and they made substantial investments in mining infrastructure and energy credits. CEO Michel Amar expressed optimism about leveraging the company’s infrastructure for growth and minimizing shareholder equity dilution.
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