Digihost Provides Update on Green Initiatives, Operational Efficiencies and Sustainability - Seite 2

Monthly Production Highlights for June 2023

• Mined approximately 70 BTC. Of the 70 BTC mined, approximately 54 were self-mined with the remainder under JV hosting partnerships.
  
  
• Production of BTC mined is expected to continue to ramp up over the remainder of the year as the Company finalizes the infrastructure setup at its most recently acquired site. Infrastructure installation has been completed at the Company’s other two sites.
  
  
• The Company held cash, BTC and cash deposits of approximately $2.3 million as of June 30, 2023 (based on a BTC price of $30,477 as of June 30, 2023 per CoinMarketCap), which was in line with Digihost’s cash and crypto holdings of $2.7 million as of May 31, 2023 (based on a BTC price of $27,151 as of May 31, 2023 per CoinMarketCap).
  
  
• During the month of June, the Company spent approximately $0.4 million on capital expenditure and mining infrastructure support equipment. Digihost continues to monitor its capital expenditures closely with self-funding to avoid equity dilution for its shareholders.
  
  
• Consistent with management’s ongoing commitment to avoid equity dilution for its shareholders, the Company has continued to monetize a portion of its BTC production to fully fund its energy costs.
  
  
• The Company did not purchase or sell any miners during the month.
  

Operations Update

As a result of the Company’s recent site acquisition in Q1 2023, Digihost’s consolidated operating capacity across its three sites has increased to approximately 100MW, representing approximately 2 EH of computing power.

The Company projects that total capacity will be fully deployed by the end Q3 2023. The plant will continue flexible operations to ensure that 24/7 dispatchable electrical supply is made available to upstate New York area residents, businesses and industry to mitigate impacts of power interruptions.

About Digihost  

Digihost is a growth-oriented technology company focused on the blockchain industry. The Company operates from three sites in the U.S. and, in addition to managing its own operations, provides hosting arrangements at its facilities.

For further information, please contact:

Digihost Technology Inc.
www.digihost.ca
Michel Amar, Chief Executive Officer
T: 1-818-280-9758
Email: [e-mail]

Cautionary Statement

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.