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Digihost Technology Inc V.DGHI

Alternate Symbol(s):  DGHI

Digihost Technology Inc. is a Canada-based blockchain technology and computer infrastructure company. The Company is engaged in cryptocurrency mining. The operations of the Company are located in two geographic locations: Canada and the United States. The Company focuses on its network development, hosting, and mining operations supported by renewable and sustainable energy. The 90% of the energy consumed by the Company is from sources that create zero-carbon emissions, while 50% of the energy consumed is being generated from renewable energy sources. The Company operate its own power generation facilities, which focuses on using bridge power sources where available for low-carbon or renewable sources of energy by creating applications for existing power supplies and transforming the way power is used and the way blockchain is applied. The Company operates approximately 60-megawatt (MW) power plant in North Tonawanda, New York State. It operates from three sites in the United States.


TSXV:DGHI - Post by User

Bullboard Posts
Comment by DC01234on Jul 28, 2018 6:26am
99 Views
Post# 28380579

RE:RE:RE:Financials out. Business model isn't viable

RE:RE:RE:Financials out. Business model isn't viable
well they are building infrastructure to basically mine another exchange for possible rewards. any crypto mining company is betting that the whole crypto system grows. so ya it really does count on bitcoin going up and being profitable as well as ether and other minor cryptos. and we are all betting on that same thing. they've spent a lot of initial capital to get up a large supply of machines in a short period of time, and i think they've done a good job of it. coming online to take advantage and catch up to miners like HIVE. take into account the fact that the 5000 rigs they just got, the shares are subject to an escrow type release at 35 cents. plus the recent 2500 rigs are probably just staying where they are to start mining upon the signing over of shares. they are buying the whole company in its entirety, and the 57.4 million shares aren't likely to get sold immediately. they might play with some, but keep most to cash in at a higher price. just my take on it though. it's all there in the same NR's your reading.
Bullboard Posts