Digihost Technology reports 328% increase in Q4 bitcoin production, restates Q3 financials

Digihost Technology (NASDAQ:DGHI) mined ~108.11 more BTC in Q4 from year ago levels, marking a ~168% increase. Using the Dec.31, 2021 and Dec.31, 2020 closing BTC prices, the value of the company's BTC mined in Q4 increased by ~$6.6M, or 328% compared to 4Q20. During December, the company mined 61.53 BTC increasing total holdings to 631.86 BTC valued at ~$29.3M as of Dec.31. Total Ethereum holdings of 1,000.89 ETH valued at ~$3.7M as of Dec.31; total digital asset inventory value consisting of BTC and ETH of ~$33M as of Dec. 31, 2021. YTD deposits of ~$34.5M on equipment and infrastructure targeted to be installed in 1Q22 related to the company's BTC mining operations. As of Dec.31, 2021, the company's current hashrate was ~415PH and is expected to increase to ~1.2EH by 1Q22 end. For the 12-month period ended Dec.31, 2021, the company's mining fleet produced 520.63 BTC. Separately, the company granted 1.4M