Bitcoin miner Digihost is planning to maneuver a few of its fleet from New York to a brand new web site in Alabama.
The corporate has simply damaged floor on the brand new 55-megawatt facility, in line with an announcement launched Tuesday. The machine switch will permit the miner to learn from decrease direct vitality prices negotiated with Alabama Energy.
The primary 28 megawatts of vitality capability are scheduled to be prepared by the tip of the third quarter of 2022 and the total 55 by the primary quarter of 2023.
The corporate stated that it offered a few of its bitcoin to fund vitality prices.
Digihost mined 64.17 BTC in July. It had 220.09 BTC on the finish of July, down from 293.30 BTC in June, which signifies that it offered about 137.38 BTC final month.
The corporate additionally held 1,000.89 ETH on the finish of July. Its complete digital asset holdings have been valued at about $6.82 million primarily based on present costs. Digihost additionally held $4.5 million in money and $500,000 in derivatives.
