checkAd

     108  0 Kommentare Digihost Announces Y/Y 129% Increase in Quarterly Bitcoin Production and Provides Operations Update

    This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 4, 2022 to its short form base shelf prospectus dated February 23, 2022.

    TORONTO, July 05, 2022 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based Bitcoin (“BTC”) mining company, is pleased to provide unaudited comparative BTC production results for the month and quarter ended June 30, 2022, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated.

    Production Highlights for June 2022

    • Mined 72.18 BTC, resulting in total holdings of 293.30 BTC at the end of June valued at approximately $5.8 million based on a BTC price of $19,785 as of June 30, 2022.
    • Ethereum (“ETH”) holdings of 1,000.89 ETH at the end of June valued at approximately $1.07 million based on an ETH price of $1,067.29 as of June 30, 2022.
    • Total digital asset inventory value, consisting of BTC and ETH, of approximately $6.87 million as of June 30, 2022. In addition, the Company held cash of approximately $5 million and derivative instruments of approximately $500,000 as of June 30, 2022. Cash and liquid assets as of June 30, 2022 totalled approximately $12.4 million.
    • On June 14, 2022, the Company repaid its $10 million collateralized loan facility by monetizing a portion of its BTC holdings. The Company currently has no debt.
    • To avoid equity dilution for its shareholders, management sold a portion of its BTC production during the month to fund its energy costs.

    Year-Over-Year Quarterly Comparison

    The Company mined approximately 141.71 more BTC in Q2 2022, compared to Q2 2021, representing an increase of approximately 128.9%. Using the June 30, 2022 and June 30, 2021 closing BTC prices (from CoinDesk), the value of the Company’s BTC mined in Q2 2022 increased by approximately $1.1 million, or 29% compared to Q2 2021.

    Figure 1. Year-over-year Quarterly BTC Production

           
      Q2 2022 Q2 2021 QoQ Increase
           
    Mined BTC 251.68 109.97 141.71  
    Approximate BTC value $19,785 $35,041 ($15,256 )
    Production Value $4,979,489 $3,853,459 $1,126,030  
           

    Quarter-Over-Quarter Comparison

    Seite 1 von 4


    globenewswire
    0 Follower
    Autor folgen

    Verfasst von globenewswire
    Digihost Announces Y/Y 129% Increase in Quarterly Bitcoin Production and Provides Operations Update This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 4, 2022 to its short form base shelf prospectus dated February 23, 2022.TORONTO, July 05, 2022 (GLOBE NEWSWIRE) - …

    Schreibe Deinen Kommentar

    Disclaimer