Digihost Announces Over 6,000 M30 Bitcoin Miners Received or in Transit Since Mid-October
October 28 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 the Company has received 1,040 new,
technologically advanced, high-performance M30 Bitcoin
(“
BTC”) miners
(the
“Miners”) anticipated to be online and
fully operational by the end of next week. These new Miners are in
addition to the 1,952 M30 miners received in mid-October (please
refer to the Company’s October 13, 2021 press release).
Additionally, Digihost is pleased to announce
that 3,040 M30 miners are currently in transit to the Company’s
data center. Once received and fully operational, Digihost will
have added approximately 6,000 new M30 miners since mid-October.
The Company’s current hashrate of approximately 300PH, which
includes the 1,952 M30 miners and the removal of old, less
efficient miners, is expected to increase to approximately 500PH by
the middle of November, representing an approximate increase of
150% since September of 2021.
Michel Amar, the Company’s CEO, stated: “With
2,992 new generation miners having arrived at our facility in the
last two weeks and with 3,040 more M30s currently en route, the
Company is significantly scaling up its operational capabilities
and placing a greater hashrate online. As further deliveries of
high efficiency miners arrive at our data center, the Company will
build upon the momentum of last quarter’s mining results and
continue to execute on our multiyear growth strategy as we head
into 2022.”
About Digihost Technology
Inc.
Digihost is a growth-oriented blockchain
technology company primarily focused on Bitcoin mining. The Company
is currently hashing at a rate of 300PH with plans to expand to a
hashrate of 3.6 EH 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
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 are based on
expectations, estimates and projections as at the date of this news
release. Forward-looking information in this news release includes
information about the proposed consolidation, expectations in
respect to listing and trading on Nasdaq and future plans and
objectives of the Company. Other forward-looking information
includes, but is not limited to, information concerning: 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 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: completion of the proposed consolidation;
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; a
decrease in cryptocurrency pricing, volume of transaction activity
or generally, the profitability of cryptocurrency mining; 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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