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Be the first with the news that moves the market - Digihost (DGHI) is reporting that over 90 per cent of the energy used in its Bitcoin mining operation creates zero carbon emissions
- This is in addition to 50 per cent of that energy stemming from renewable resources
- Mining BTC in an efficient and environmentally conscious manner is central to Digihost’s business strategy
- Digihost Technology is a growth-oriented blockchain company focused on Bitcoin mining
- Digihost (DGHI) is up by 3.67 per cent and is currently trading at $2.54 per share
Digihost (DGHI) is reporting that over 90 per cent of the energy used in its Bitcoin mining operation creates zero carbon emissions.
This is in addition to 50 per cent of that energy stemming from renewable resources.
The following table breaks down the sources of energy consumed by Digihost's BTC mining operation in 2020:
SOURCE OF ENERGY |
% |
| Hydro | 42.68 |
| Nuclear | 41.19 |
| Wind | 6.45 |
| Hydro pumped storage | 0.56 |
| Other renewables | 1.15 |
| Gas | 7.00 |
| Duel fuel | 0.72 |
| Coal | 0.23 |
| Oil | 0.02 |
Mining BTC in an efficient and environmentally conscious manner is central to Digihost’s business strategy.
The company is assessing a number of alternatives, including the purchase of carbon credits, to further reduce its already low carbon footprint.
Digihost's long-term growth plans include vertically integrating its power production from low-cost, clean and renewable sources of energy.
Michel Amar, Digihost's CEO, commented,
"As a company, we have always been cognizant of the potential impact Bitcoin mining could have on the environment and therefore have planned our growth and expansion to be environmentally conscious, in our pursuit of opportunities that maximize value for our shareholders."
Digihost Technology is a growth-oriented blockchain company focused on Bitcoin mining.
Digihost (DGHI) is up by 3.67 per cent and is currently trading at $2.54 per share as of 11:17 am ET.