{"id":20921,"date":"2021-11-15T17:06:17","date_gmt":"2021-11-15T12:06:17","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=82477"},"modified":"2021-11-15T17:06:17","modified_gmt":"2021-11-15T12:06:17","slug":"digihosts-october-bitcoin-production-value-increases-1486-over-october-2020-and-up-56-from-september","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/digihosts-october-bitcoin-production-value-increases-1486-over-october-2020-and-up-56-from-september\/","title":{"rendered":"Digihost\u2019s October Bitcoin Production Value Increases 1,486% Over October 2020 and up 56% From September"},"content":{"rendered":"
TORONTO, Nov. 15, 2021 (GLOBE NEWSWIRE) — Digihost Technology Inc. (\u201cDigihost<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) (TSXV: DGHI; Nasdaq: DGHI), an innovative North American based Bitcoin self-mining company, is pleased to provide an unaudited Bitcoin (\u201cBTC<\/strong>\u201d) production update for the month ended October 31, 2021. All amounts are expressed in USD unless otherwise indicated. The Company is also pleased provide a reminder that trading on the Nasdaq Capital Market is expected to commence on the date hereof, under the symbol \u201cDGHI.\u201d<\/p>\n Corporate Highlights for October 2021: <\/strong><\/p>\n Bitcoin Mining Update<\/strong><\/p>\n For the ten-month period ended October 31, 2021, the Company\u2019s mining fleet produced 390.09 BTC, with production broken down as follows:<\/p>\n Year-Over-Year Monthly Comparison<\/strong><\/p>\n The Company mined approximately 30.10 more BTC in October of 2021, compared to October 2020, representing an increase of approximately 256%. Using the October 31, 2021 and the October 31, 2020 closing BTC prices (per CoinDesk) plus the increase in BTC mined in October 2021, the value of the Company\u2019s BTC mined in October 2021 increased by approximately $2.4 million, or 1,486% over October 2021.<\/p>\n Figure 1. Year-over-year Monthly BTC Production<\/p>\n\n
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