Digihost reports Februay bitcoin production

Monthly production highlights for February 2024: The Company held cash, BTC and cash deposits of approximately $3.9M as of February 29, 2024, an increase compared to Digihost’s cash, BTC and cash deposits of $3.7M as of January 31, 2024. Mined approximately 95 BTC. Daily BTC mined during the month decreased by 11% compared to January 2024, as overall BTC difficulty increased by approximately 16% during the month due to the surge of prices of certain cryptocurrencies during the month of February. Despite the increase in mining difficulty, the company’s ending BTC position increased over the previous month by approximately $0.3M. On a year-over-year basis, the company increased its daily BTC mined by 45% compared to February 2023. Spent approximately $1.3M on capital expenditures, mining infrastructure support equipment, energy credits and collateral deposits, an increase of 333% over January 2024. Digihost continues to monitor its capital expenditures closely with self-funding to limit equity dilution for its shareholders. Consistent with management’s ongoing commitment to minimize equity dilution for its shareholders, the company has continued to monetize a portion of its BTC production to fully fund its energy costs.