Digihost Technology (NASDAQ: DGHI) has recently announced a new partnership and profit-sharing agreement with a strategic partner. This agreement will involve integrating 11,000 S21 miners into the company’s facilities. As part of the agreement, Digihost will receive 60% of the daily Bitcoin mining rewards generated by these miners in exchange for providing capacity and electrical infrastructure support.
This strategic move is expected to significantly increase Digihost’s presence and capabilities in the Bitcoin mining industry. The deployment of the miners will be completed in phases, with an anticipated hash rate increase of 1.2 EH/s by the end of Q3 2024. This will bring the total targeted hash rate to 3.2 EH/s.
Overall, this profit-sharing agreement represents a promising opportunity for Digihost Technology to enhance its mining capabilities and maximize its potential returns in the rapidly expanding cryptocurrency market. This partnership reflects the company’s commitment to growth and innovation in the digital asset space.
