Digihost Provides May 2024 Production Details: Says Company Holds Cash, BTC And Cash Deposits Of Approximately $6M As Of May 30; Spent $2.2M On Capital Expenditures, Mining Infrastructure Support Equipment And Deposits
Portfolio Pulse from Benzinga Newsdesk
Digihost has released its production details for May 2024, reporting that it holds cash, BTC, and cash deposits totaling approximately $6 million as of May 30. The company also spent $2.2 million on capital expenditures, mining infrastructure support equipment, and deposits.
May 31, 2024 | 10:04 am
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Digihost reported holding $6 million in cash, BTC, and deposits as of May 30, 2024, and spent $2.2 million on capital expenditures and mining infrastructure.
The report of substantial cash and BTC holdings, along with significant investment in mining infrastructure, indicates a strong financial position and commitment to growth, likely boosting investor confidence in the short term.
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