Mr. Michel Amar reports
DIGIHOST ANNOUNCES OVER 6,000 M30 BITCOIN MINERS RECEIVED OR IN TRANSIT SINCE MID-OCTOBER
Digihost Technology Inc. has received 1,040 new, technologically advanced, high performance M30 bitcoin (BTC) miners, anticipated to be on-line 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 Oct. 13, 2021, press release).
Additionally, Digihost has noted that 3,040 M30 miners are currently in transit to the company's data centre. Once received and fully operational, Digihost will have added approximately 6,000 new M30 miners since mid-October. The company's current hash rate of approximately 300 petahashes, which includes the 1,952 M30 miners and the removal of old, less efficient miners, is expected to increase to approximately 500 petahashes by the middle of November, representing an approximate increase of 150 per cent since September, 2021.
Michel Amar, the company's chief executive officer, 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 hash rate on-line. As further deliveries of high-efficiency miners arrive at our data centre, 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 300 petahashes, with plans to expand to a hash rate of 3.6 exahashes by the end of 2022.
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