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.