Mon. Jun 17th, 2024
Digihost Technology (NASDAQ:DGHI) announces expansion of its Bitcoin mining operations.

Digihost Technology (NASDAQ:DGHI) has announced a strategic partnership that includes the integration of 11,000 S21 miners into its facilities. This agreement signifies a significant move for the company to strengthen its position in the cryptocurrency mining industry.

Under the terms of the deal, Digihost Technology will receive 60% of the daily Bitcoin mining rewards earned from these miners in exchange for providing capacity and electrical infrastructure support. This partnership will enable Digihost Technology to expand its mining operations and increase its overall mining capabilities.

The deployment of these miners will be done in phases, with an expected hash rate increase of 1.2 EH/s to a targeted total of 3.2 EH/s by the end of Q3 2024. This growth is poised to make Digihost Technology a leader in the rapidly evolving world of cryptocurrency mining.

By partnering with a strategic ally and integrating a large number of miners into its facilities, Digihost Technology is positioned for continued growth and success in the rapidly evolving world of cryptocurrency mining.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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