Digihost Technology (TSE:DGHI) has released an update.
Digihost Technology Inc. has reported an 18% growth in its cash and cryptocurrency holdings in June 2024, reaching $7.1 million, signaling a robust financial position. The company also announced the integration of 11,000 advanced S21 miners, which is expected to significantly increase its mining capacity by the end of Q3 2024. Additionally, Digihost is funding its energy costs through the monetization of its Bitcoin production, thereby minimizing equity dilution for shareholders.
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