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Seeking Alpha 2021-06-10 12:25:06

Digihost inks strategic collaboration with Bit Digital for increasing combined hashrates by 400 PH

Digihost Technology (HSSHF) entered into a strategic co-mining agreement with Bit Digital USA (BTBT) wherein the company will provide certain premises to BTBT for operation and storage of a 20 MW Bitcoin mining system to be delivered by BTBT.The company will also provide services to maintain the premises for a term of two years.The collaboration between Digihost and BTBT is expected to generate an increase in hashrate of ~400PH between the companies.Under agreement terms, Digihost will provide power for the operation of the miners and will also provide management services necessary to maintain 95% uptime on the Miners.Both the companies will participate in a profit sharing arrangement based on a fixed distribution formula."We are extremely pleased by this strategic collaboration with Digihost which marks our ongoing expansion in North America, as we continue to transition our mining fleet here," BTBT CEO Bryan Bullett commented.Miners will be delivered and installed during Q4.

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