Crypto Miner Digihost's December Bitcoin Production Falls 11%

Nasdaq and TSX listed crypto miner Digihost (DGHI) saw a driblet successful bitcoin accumulation successful December 2021, according to a press release connected Wednesday.

• The institution mined 61.53 bitcoin successful December, down 11% compared to 69.01 successful November, according to the statement.

• Mining difficulty connected the bitcoin web has been expanding since a July low, arsenic much miners are coming online.

• The fig brings Digihost's full bitcoin mined for the 4th fourth to 172.4, its highest connected record. The December output took its full bitcoin holdings to 631.9 ($27.4 million).

• In May, Digihost bought 10,000 machines from Northern Data, which person been gradually shipped to its facilities. The remaining 3,400 mining rigs volition get astatine its information halfway by the extremity of February, the institution said.

• In July, it besides signed a co-mining woody with Bit Digital for a 100 megawatt facility. It expects the mining machines to beryllium deployed successful Q2 2022.

• The miner has besides received "all readying committee permits and compliance approvals" to ramp up the improvement of a 60MW powerfulness works successful New York, which it expects to beryllium completed by mid-February. However, it is inactive waiting for the last support from utilities regulator, Public Service Commission, for the acquisition of the building.

• Digihost besides changed its Q3 net connection to relationship for a $1,498,085 deferred taxation proviso arsenic an expense, turning a reported Q3 2021 nett of $762,931, to a nonaccomplishment of $771,154.