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Digihost Closes Acquisition of 55 MW Site in Alabama, USA
Wednesday 22 June 2022

US-based Bitcoin mining company Digihost Technology Inc. (NASDAQ: DGHI) (TSX Venture: DGHI) has closed a transaction with Grede II, LLC to acquire property in the state of Alabama in order to expand the company's current operational capacity, the company said.

The total cash consideration paid for the property by the company was USD 1.5m, with an additional USD 1.25m to be paid in 25 equal monthly installments of USD 50,000 per month.

All monetary references in this press release are expressed in unless otherwise indicated.

Digihost plans to immediately commence construction and the development of the facilities in Alabama with the goal of bringing the property to a hashing capacity of 28mw by the end of 3Q22 and a total of 55mw by the end of the first quarter of 2023.

Digihost is a blockchain technology company primarily focused on BTC mining.
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Date Published: 22/06/2022

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