In a strategic move to strengthen its position in the cryptocurrency mining industry, Digihost Technology (NASDAQ:DGHI) has announced a profit-sharing agreement with a strategic partner. Under the terms of the agreement, 11,000 S21 miners will be integrated into the company’s facilities, with Digihost Technology receiving 60% of the daily Bitcoin mining rewards earned from these miners in exchange for providing capacity and electrical infrastructure support.
As part of the deal, 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.
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 rapidly evolving world of cryptocurrency. With this new agreement in place, the company is well on its way to becoming a major player in the industry.
