Digihost Technology Inc (TSE:DGHI) has released an update.
Digihost Technology Inc. has reported a significant 60% month-over-month increase in its cash and cryptocurrency holdings, reaching $6.2 million in March 2024, and has entered into a substantial hosting agreement expected to boost its mining capacity. Despite a 2% decrease in daily Bitcoin mining due to heightened difficulty, the company’s strategic moves, including paying off a Bitcoin loan and careful capital expenditure, are poised to enhance its mining efficiency and hash rate without diluting shareholder equity.
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