Digihost Announces Receipt of 1,952 New M30 Bitcoin Miners
October 13 2021 - 6:00AM
Digihost Technology Inc. (“
Digihost” or the
“
Company”) (TSXV: DGHI; OTCQB: HSSHF), an
innovative North American based Bitcoin self-mining company, is
pleased to announce that it has received 1,952 new, technologically
advanced, high-performance M30 Bitcoin (“
BTC”)
miners (the
“Miners”).
The Miners are currently being installed at the
Company’s data center and are expected to be fully operational
within the next two weeks. Once connected, the Miners’ additional
processing capacity will serve to increase Digihost’s existing
hashrate. Digihost expects additional Miners will be received and
deployed in the Company’s data center by early November as the
Company continues to execute on its strategy of upgrading older
miners to more efficient new generation miners.
Michel Amar, the Company’s CEO, stated: “We are
pleased to announce receipt of these 1,952 new generation miners,
representing another significant operational milestone as part of
our ongoing efforts to scale up our mining operations. The Company
anticipates receiving additional shipments of the same miners in
the coming weeks as we maintain focus on our strategy of generating
tremendous growth and value for our shareholders.”
About Digihost Technology
Inc.
Digihost Technology Inc. is a growth-oriented
blockchain technology company primarily focused on Bitcoin mining.
The Company is currently hashing at a rate of 200PH with plans to
expand to a hashrate of approximately 3.6 EH, through a combination
of self-mining and hosting arrangements with joint venture
partners, by the end of 2022.
For further information, please contact:
Digihost Technology
Inc.www.digihost.caMichel Amar, Chief Executive Officer T:
1-818-280-9758Email: michel@digihostblockchain.com
Cautionary StatementTrading in the securities
of the Company should be considered highly speculative. No stock
exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release.
Forward-Looking StatementsExcept for the
statements of historical fact, this news release contains
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking information”) that is based on
expectations, estimates and projections as at the date of this news
release. Forward-looking information in this news release includes
information about hashrate expansion, diversification of
operations, potential further improvements to profitability and
efficiency across mining operations, potential for the Company’s
long-term growth, and the business goals and objectives of the
Company. Factors that could cause actual results, performance or
achievements to differ materially from those described in such
forward-looking information include, but are not limited to:
continued effects of the COVID19 pandemic may have a material
adverse effect on the Company’s performance as supply chains are
disrupted and prevent the Company from operating its assets; the
ability to establish new facilities for the purpose of research
& development; a decrease in cryptocurrency pricing, volume of
transaction activity or generally, the profitability of
cryptocurrency mining; delivery of mining rigs for hosting may not
be realized in the number anticipated, or at all, and resulting
hashing power may materially differ from that anticipated; further
improvements to profitability and efficiency may not be realized;
the digital currency market; the Company’s ability to successfully
mine digital currency on the cloud; the Company may not be able to
profitably liquidate its current digital currency inventory, or at
all; a decline in digital currency prices may have a significant
negative impact on the Company’s operations; the volatility of
digital currency prices; and other related risks as more fully set
out in the Annual Information Form of the Company and other
documents disclosed under the Company’s filings at www.sedar.com.
The forward-looking information in this news release reflects the
current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about: the current
profitability in mining cryptocurrency (including pricing and
volume of current transaction activity); profitable use of the
Company’s assets going forward; the Company’s ability to profitably
liquidate its digital currency inventory as required; historical
prices of digital currencies and the ability of the Company to mine
digital currencies on the cloud will be consistent with historical
prices; and there will be no regulation or law that will prevent
the Company from operating its business. The Company has also
assumed that no significant events occur outside of the Company's
normal course of business. Although the Company believes that the
assumptions inherent in the forward-looking information are
reasonable, forward-looking information is not a guarantee of
future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein.
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