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Digihost Technology Inc. (HSSHF) addresses recent market volatility and reassures investors that all material information has been disclosed. CEO Michel Amar emphasized the company's strong fundamentals, with no long-term commercial debt and a Bitcoin balance of 219.72 BTC. In February 2021, Digihost mined 35.02 BTC, a 4% increase from January, and its hashrate rose to approximately 189 Petahash. The company is focused on growth in Bitcoin mining, energy efficiency, and enhancing shareholder value.
Digihost Technology Inc. (TSXV: DGHI; OTCQB: HSSHF) reported a notable increase in its Bitcoin holdings, mining 35.02 BTC in February 2021, totaling 219.72 BTC valued at approximately US$11,206,000. The company also raised its hashrate to 189 Petahash from 184 Petahash, enhancing its mining efficiency. CEO Michel Amar expressed optimism about operational improvements and the overall strength of the cryptocurrency sector, with a 3% increase in mining output compared to January.
Michel Amar, CEO of Digihost Technology, acquired 1,520,000 subordinate voting shares (SV Shares) at CAD$2.20 each, totaling CAD$3,344,000, increasing his ownership to 31.81% of outstanding shares. The acquisition, pending TSX Venture Exchange approval, signals Amar's confidence in the company's future within the blockchain economy and its Buffalo bitcoin mining facility. Digihost currently hashes approximately 1.2 Bitcoins per day and aims to boost its hashrate while reducing energy costs.
Digihost Technology Inc. (OTCQB: HSSHF) is now trading on the OTCQB Market as of February 8, 2021, which allows for greater access to investors and potentially increased liquidity. The company reported record trading volume exceeding $1 million in a single day. Digihost is focused on Bitcoin mining, with its facility located in Buffalo, N.Y., and plans to enhance its hashrate and margins. The Company remains listed on the TSX Venture Exchange under the symbol DGHI.
Digihost Technology has increased its Bitcoin holdings by 33.7 BTC to a total of 183.7 BTC, valued at approximately US$6,890,000 as of January 31, 2021. Additionally, the company's hashrate improved from 143 Petahash to 184 Petahash, positioning it for expansion and enhanced mining operations throughout 2021. The company focuses on Bitcoin mining and operates a facility in Buffalo, N.Y., equipped for substantial power output.