Digihost updates September 2024 production and data center initiative

Digihost provided unaudited comparative Bitcoin production results for September 2024, combined with an operations update. The company held cash, BTC and cash deposits of approximately $9.2M as of September 30, 2024 vs. $10.4M as of August 31. Between self-mining and hosting agreements, miners at the company’s facilities produced approximately 35 BTC during the month of September. The company anticipates an increase in mining efficiencies, greater asset longevity and a reduction of downtime in the future at that facility as a result of the completed maintenance. Officers and directors of the Company entered agreements to acquire 685,038 subordinate voting shares of the company in private transactions. The company spent approximately $0.3M on capital expenditures, mining infrastructure support equipment, and deposits. 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. CEO Michel Amar and Alec Amar, director and President of Digihost, entered into share purchase agreements with a seller to acquire 150,000 and 535,038 subordinate voting shares of the company, respectively, by way of a private transaction at a price of $1.18 per share. Presently, Digihost’s consolidated operating capacity across its three sites represents approximately 90MW of available power, and Digihost is mining at a hashrate of 2.75 EH/s.