Crypto miner Digihost plans to move rigs from New York to Alabama
The mining company said it aims to have 28 MW of hash capacity on the Alabama facility of by the fourth quarter and 55 MW by the second quarter of 2023.
New
Digihost, a US-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to reduce energy costs.
In an announcement on Tuesday, Digihost said its 55 megawatt (MW) facility in Alabama — which the company acquired in June — will house some of its New York crypto miners, bringing costs down operating. According to the mining company, it aims to have 28 MW of hash capacity at the Alabama facility by the fourth quarter of 2022 and 55 MW by the second quarter of 2023.
>Like other crypto miners facing rising energy costs in a bear market and record heat in parts of the United States, Digihost said it sold Bitcoin (BTC) produced in July . As of July 31, the company said it held approximately 220 BTC and 1,000 Ether (ETH), with a total value of $6.8 million, and had no debt.
Canadian crypto-mining firm Bitfarms and Core Scientific both said they sold some of their BTC holdings in June and July, respectively, as part of a strategy to settle debts and increase liquidity. ability. In addition, Riot Blockchain announced in July that it would relocate part of it...
The mining company said it aims to have 28 MW of hash capacity on the Alabama facility of by the fourth quarter and 55 MW by the second quarter of 2023.
New
Digihost, a US-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to reduce energy costs.
In an announcement on Tuesday, Digihost said its 55 megawatt (MW) facility in Alabama — which the company acquired in June — will house some of its New York crypto miners, bringing costs down operating. According to the mining company, it aims to have 28 MW of hash capacity at the Alabama facility by the fourth quarter of 2022 and 55 MW by the second quarter of 2023.
>Like other crypto miners facing rising energy costs in a bear market and record heat in parts of the United States, Digihost said it sold Bitcoin (BTC) produced in July . As of July 31, the company said it held approximately 220 BTC and 1,000 Ether (ETH), with a total value of $6.8 million, and had no debt.
Canadian crypto-mining firm Bitfarms and Core Scientific both said they sold some of their BTC holdings in June and July, respectively, as part of a strategy to settle debts and increase liquidity. ability. In addition, Riot Blockchain announced in July that it would relocate part of it...
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