Digihost Technology (NASDAQ: DGHI) recently announced a profit-sharing agreement with a strategic partner, which will enable the company to expand its mining operations and increase its Bitcoin mining capacity. As part of the deal, the company will receive 60% of the daily Bitcoin mining rewards generated by 11,000 S21 miners that will be integrated into its facilities.
This strategic partnership signifies a significant milestone for Digihost Technology as it continues to strengthen its position in the cryptocurrency mining industry. By leveraging the expertise and resources of its strategic partner, the company is well-positioned to capitalize on the growing demand for Bitcoin mining services.
The deployment of the S21 miners will occur in phases, with an anticipated hash rate increase of 1.2 EH/s. The company aims to reach a total hash rate of 3.2 EH/s by the end of Q3 2024. This partnership is expected to help Digihost Technology expand its operations and increase its Bitcoin mining capacity significantly.
Overall, this partnership signifies a significant milestone for Digihost Technology as it continues to strengthen its position in the cryptocurrency mining industry. With this partnership, Digihost Technology is well-positioned to capitalize on the growing demand for Bitcoin mining services and take advantage of new opportunities in this rapidly evolving space.
In summary, Digihost Technology has announced a profit-sharing agreement with a strategic partner that involves integrating 11,000 S21 miners into its facilities. This strategic partnership is expected to help Digihost Technology expand its operations and increase its Bitcoin mining capacity significantly, further solidifying their position in the cryptocurrency mining industry.
