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Seeking Alpha 2021-09-07 12:24:51

Dgihost reports 185% Y/Y increase ($1.9M) in monthly bitcoin production

Digihost Technology (OTCQB:HSSHF) produced 44.07 BTC during August thereby increasing total holdings to 446.2 BTC representing a fair market value of ~$21M as of Aug.31. Total Ethereum holdings of 563.89 ETH representing a fair market value of ~$1.9M as at Aug. 31, 2021. Total digital asset inventory value consisting of BTC and ETH of ~$22.9M at the end of August. Cash on hand stood at ~$18.9M and total cash and digital asset holdings was ~$41.7M. YTD deposits on equipment and infrastructure to be completed in Q4 related to the company's core business of ~$24.1M. For the eight-month period ended Aug. 31, 2021, the company’s mining fleet produced 310.58 BTC; company mined ~23.57 more (+33%) BTC in the first two months of Q3 compared to first two months of the previous quarter. On a Y/Y basis, the company mined 185% more BTC in August 2021; based on Aug, 31, 2021, BTC prices compared to

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