Digihost Expands Production Capacity, Reduces Operating Costs

Digihost Technology (TSXV:DGHI) has provided operational highlights resulting from the company’s recent reverse takeover transaction which was completed on February 14, 2020.

As quoted in the press release:

As a result of these operational improvements the Company has significantly enhanced its competitive position in the blockchain sector.

• The vertical integration of Digihost’s cryptocurrency mining operations with the Company’s previously leased hosting infrastructure and equipment has resulted in a material reduction in operating costs. Electricity costs, which comprise a significant percentage of the Company’s operating and maintenance costs, have now been reduced to an industry competitive average supply cost of approximately US$0.038/kWh. This reduction in electricity costs will result in a significant reduction to Digihost’s total operating costs going forward.

Click here to read the full press release.