Digihost Technology (NASDAQ: DGHI) has recently announced a strategic partnership that will see it integrate 11,000 S21 miners into its facilities. The company will receive 60% of the daily Bitcoin mining rewards generated by these miners in exchange for providing the necessary capacity and electrical infrastructure support.
As part of the deal, the deployment of the S21 miners will occur in phases, with an anticipated hash rate increase of 1.2 EH/s. By Q3 2024, Digihost Technology aims to reach a total hash rate of 3.2 EH/s with this strategic partnership. This milestone signifies a significant expansion for Digihost Technology’s mining operations and increased Bitcoin mining capacity.
This partnership is expected to help Digihost Technology strengthen its position in the cryptocurrency mining industry by leveraging its partner’s expertise and resources. The growing demand for Bitcoin mining services presents an opportunity for the company to capitalize on this trend and continue to grow its business.
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