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    blockchain investing

    Digihost Expands Production Capacity, Reduces Operating Costs

    Danielle Edwards
    Feb. 27, 2020 05:25AM PST
    Blockchain Investing

    Digihost has provided operational highlights resulting from the company’s recent reverse takeover transaction.

    Digihost Technology (TSXV:DGHI) has provided operational highlights resulting from the company’s recent reverse takeover transaction which was completed on February 14, 2020.

    As quoted in the press release:

    As a result of these operational improvements the Company has significantly enhanced its competitive position in the blockchain sector.

    • The vertical integration of Digihost’s cryptocurrency mining operations with the Company’s previously leased hosting infrastructure and equipment has resulted in a material reduction in operating costs.  Electricity costs, which comprise a significant percentage of the Company’s operating and maintenance costs, have now been reduced to an industry  competitive average supply cost of approximately US$0.038/kWh.  This reduction in electricity costs will result in a significant reduction to Digihost’s total operating costs going forward.

    Click here to read the full press release.

    blockchain investingdigihost technologytsxv:dghi
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