Digihost Bucks Bearish Trend Among Bitcoin Miners, Remains Cash-Flow Positive
Canadian bitcoin miner Digihost (DGHI) remains debt free and cash-flow positive despite a wider downturn across the crypto-mining industry, according to a press release from the company on Tuesday. The Nasdaq-listed company mined 74.58 bitcoins (BTC) in October, a 78% increase from last October.
The crypto-mining industry has been thrust into uncertainty this year because of soaring energy prices and a market downtrend. Bitcoin miners have felt the squeeze, including Core Scientific (CORZ), which said that it may explore bankruptcy if its financial situation fails to improve. Digihost, meanwhile, now holds about $2.45 million worth of bitcoin and $1.29 million of ether (ETH) based on crypto prices on Oct. 31. It also holds $3.42 million in cash.
Source
t.me/Mining_Crypto_Miner
