Digihost Technology (NASDAQ:DGHI) has announced a strategic partnership that includes the integration of 11,000 S21 miners into its facilities. Under this agreement, Digihost Technology will receive 60% of the daily Bitcoin mining rewards earned from these miners in exchange for providing capacity and electrical infrastructure support.
The deployment of these miners will be done in phases, with an expected hash rate increase of 1.2 EH/s to a targeted total of 3.2 EH/s by the end of Q3 2024. This partnership will enable Digihost Technology to expand its mining operations and increase its overall mining capabilities, positioning it for continued growth and success in the rapidly evolving world of cryptocurrency.
By partnering with a strategic ally and integrating a large number of miners into its facilities, Digihost Technology is poised for continued growth and success in the cryptocurrency mining industry. This move signifies a strategic decision to strengthen its position and expand its operations, making it an attractive investment opportunity for those looking to capitalize on the growing demand for cryptocurrencies.
