TORONTO – Digihost Technology Inc. (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based Bitcoin mining company, provided an unaudited BTC production results for the month ended April 30, 2022, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated.
Production Highlights for April 2022
- Mined 109.03 BTC, resulting in total holdings of 797.28 BTC at the end of April valued at approximately $30.1 million based on a BTC price of $37,715 as of April 30, 2022.
- Ethereum holdings of 1,000.89 ETH at the end of April valued at approximately $2.7 million based on an ETH price of $2,730 as of April 30, 2022.
- Total digital asset inventory value, consisting of BTC and ETH, of approximately $32.8 million as of April 30, 2022.
- Consistent with the Company’s stated objective to avoid equity dilution for its shareholders, management sold a portion of BTC production during the month to fund its energy costs.
The Company mined an additional 33.44 BTC during April 2022 compared to March 2022, an increase of 44%. Based on closing BTC prices on April 30, 2022 and March 30, 2022, the value of the Company’s BTC mined in April increased by approximately $0.7 million, or 20%, month over month.
Digihost is a growth-oriented blockchain technology company primarily focused on BTC mining. Through its self-mining operations and joint venture agreements, the Company is currently hashing at a rate of approximately 450 PH/s.