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Monday, February 15, 2021 10:15:31 PM
What will the $4m raised buy? Let’s work it out! I’ll assume $400k cash held for opex. So, how many PH/s can $3.6m buy?
Using a Whatsminer m30S++ as an example: $1,800 unit cost. 112TH’s (0.112PH/s). Works out to 2,111 mining rigs and 236PH/s. Increases hash rate from 184 to 420PH/s.
In the current market, it will be easier to source 2k rigs than 20-100k, like the big dogs, $RIOT $MARA & $ARBKF will be trying to find. 3472w, 112TH/s per unit, 4.5c all in costs inc electricity. $800 profit per month per rig. x 2,111 rigs = $1.68m profit per month (not bad for a $3.6m investment hey!) Equivalent to 36 $BTC.X per month, which makes sense since they already produce 33 BTC per month.
69 Bitcoin per month worth $3.2m, with BTC at $46k. Factoring in the $4m dilution, Digihost’s market cap is only $78m! Take the figures with a pinch of salt but it’s a fun exercise and highlights the extreme value on offer.
SURGE
Recent DGHI News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/11/2024 12:00:20 PM
- Digihost Expands Bitcoin Mining Operations with 11,000 S21s Increasing Hashing Rate to 3.2 EH/s • GlobeNewswire Inc. • 06/11/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/31/2024 12:00:32 PM
- Digihost Provides May 2024 Production Update and Operations Update • GlobeNewswire Inc. • 05/31/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 08:06:18 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 08:01:28 PM
- Digihost Announces Record Revenue and $8.9m EBITDA* for Q1 2024 • GlobeNewswire Inc. • 05/14/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/10/2024 12:00:24 PM
- Digihost to Announce Q1 Results on May 14th • GlobeNewswire Inc. • 05/10/2024 10:00:00 AM
- Digihost Announces Month-Over-Month Increase in Cash and Crypto Position and Provides April 2024 Production Update • GlobeNewswire Inc. • 05/01/2024 10:00:00 AM
- Digihost Announces 2023 Year End Financial Results and Provides Operational Update • GlobeNewswire Inc. • 04/03/2024 10:00:00 AM
- Digihost Announces 60% Month-Over-Month Increase in Cash and Crypto Position and Provides March 2024 Production Update • GlobeNewswire Inc. • 04/01/2024 11:00:00 AM
- Digihost Expands Bitcoin Mining Fleet With Addition of 4,640 S19 XPs 150TH Under Multi-Year Hosting Deal • GlobeNewswire Inc. • 03/05/2024 11:00:00 AM
- Digihost Announces 45% Year-Over-Year Increase in Bitcoin Mined and Provides February 2024 Production Update • GlobeNewswire Inc. • 03/04/2024 11:00:00 AM
- Digihost Announces RSU Grant • GlobeNewswire Inc. • 02/09/2024 10:00:00 PM
- Digihost Announces 65% Year-Over-Year Increase in Bitcoin Mined and Provides January 2024 Production Update • GlobeNewswire Inc. • 02/01/2024 11:00:00 AM
- Digihost’s Hashrate Doubles to 2EH/s as of January 1st 2024 • GlobeNewswire Inc. • 01/02/2024 10:00:00 AM
- Digihost Provides November 2023 Production Update • GlobeNewswire Inc. • 12/05/2023 10:00:00 AM
- Digihost Reports Positive Year Over Year Revenue Growth and 49% Increase in EBITDA* for Q3 2023 • GlobeNewswire Inc. • 11/14/2023 11:00:00 AM
- Digihost Increases Year Over Year Monthly BTC Output by 36% and Provides October 2023 Production Update • GlobeNewswire Inc. • 11/02/2023 10:00:00 AM
- Digihost Increases Month Over Month BTC Output By 21% And Provides September 2023 Production Update • GlobeNewswire Inc. • 10/03/2023 09:30:00 AM
- Digihost Reports on Energy Curtailment Programs and Provides August 2023 Production Update • GlobeNewswire Inc. • 09/06/2023 10:00:00 AM
- Digihost Reports Positive Adjusted EBITDA for Q2 2023 • GlobeNewswire Inc. • 08/15/2023 10:00:00 AM
- Digihost Provides July 2023 Production Update • GlobeNewswire Inc. • 08/02/2023 10:00:00 AM
- Digihost Provides Update on Green Initiatives, Operational Efficiencies and Sustainability • GlobeNewswire Inc. • 07/05/2023 10:00:00 AM
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