Digihost provides October 2024 production update

Digihost (DGHI) Technology provided unaudited comparative Bitcoin production results for October 2024, combined with an operations update. The company held cash, BTC and cash deposits of approximately $9.0M as of October 31 vs. $9.2M as of September 30. Between self-mining and hosting agreements, miners at the company’s facilities mined approximately 38 BTC during October, representing an increase over the prior month of approximately 10%. The company spent approximately $0.4M on capital expenditures, mining infrastructure support equipment, and deposits. Digihost continues to monitor its capital expenditures closely, using self-funding to limit equity dilution for its shareholders when commercially viable. Presently, Digihost’s consolidated operating capacity across its three sites represents approximately 90MW of available power, and Digihost is mining at a hashrate of 2 EH/s. Following the completion of ongoing site maintenance, the Company anticipates mining at a hashrate of 3 EH/s by the end of December. The company is in the process of building its initial Tier 3 data center with a target completion date at the end of 2025 or Q1 2026.