Digihost increases mining power, uses green energy

Digihost Technology (TSE:DGHI) has released an update.

Digihost Technology Inc. significantly expands its Bitcoin mining operations through a profit-sharing agreement to integrate 11,000 S21 miners, increasing their hash rate by almost 50% to 3.2 EH/s by Q3 2024, while maintaining energy consumption. The company emphasizes sustainability, planning to fully offset energy consumption with renewable energy certificates and supporting a community photovoltaic project. Digihost intends to scale its compute capacity sustainably, achieving a hash rate of 5 EH/s by the end of the year without incurring debt.

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