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The Toronto-based firm was able to pay for the plant with cash, so avoided taking on debt or diluting existing shareholders' equity, CEO Michel Amar said in a Wednesday press release. In March 2021, the company said it would pay $4.25 million in cash and stock. It hadn't responded to
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Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs.In a Tuesday announcement, Digihost said its 55-megawatt (MW) facility in Alabama — which the company acquired in June — will host some
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The miner also expects a 1.5 exahash pre second (EH/s) of average hashrate for 2022, which is about 5.5x more than its 2021 mining power. Source
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Shares are down 13% as the capital raise news combines with sharply lower bitcoin prices. Original Source
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