Digihost Expands Production Capacity, Reduces Operating Costs
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.
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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.
