Seeking Alpha
2021-10-04 11:34:41

Digihost reports 218% growth in Q3 bitcoin mining production

Digihost Technology (OTCQB:HSSHF) produced 133.02 BTC during the quarter (+21% Q/Q, +218% Y/Y), increasing total holdings to 452.24 BTC and representing fair market value of ~$19.9M as of Sep.30. The company diversified holdings with the conversion of 31.62 BTC into Ethereum during the quarter thereby bringing total ETH holdings to 1,000.89 representing a fair market value of ~$3M. Total digital asset inventory value consisting of BTC and ETH of ~$22.9M while total cash on hand stood at ~$17.2M. YTD, deposits on equipment and infrastructure to be completed in Q4 related to the company's core business of ~$24.8M. The company is on target to bring online ~9.9K newest generation miners it has purchased before 2021 end and which post installation will increase its current hashrate to between ~925PH and 1.1EH.

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