Digihost Announces 60% Month-over-month Increase In Cash And Crypto Position And Provides March 2024 Production Update
$DGHI
Finance: Consumer Services
Finance
- The Company held cash, BTC and cash deposits of approximately $6.2 million as of March 31, 2024 (based on a BTC price of $71,200 as of March 31, 2024 per CoinMarketCap), as compared to $3.9 million as of January 31, 2024 (based on a BTC price of $61,198 as of February 29, 2024 per CoinMarketCap), representing an increase over the previous month of approximately 60%.
- Mined approximately 91 BTC during the month of March, representing a decrease of Daily BTC mined during the month decrease of 2% compared to February 2024, as overall BTC difficulty increased by approximately 5% during the month due to the continued rise in prices of certain cryptocurrencies during the month of March. Despite the increase in mining difficulty, the Company's ending BTC position increased over the previous month by approximately $1.4 million.