Nasdaq and TSX listed crypto miner Digihost saw a drop in bitcoin production in December 2021, according to aThe company mined 61.53 bitcoin in December, down 11% compared to 69.01 in November, according to the statement.on the bitcoin network has been increasing since a July low, as more miners are coming online.
The number brings Digihost's total bitcoin mined for the fourth quarter to 172.4, its highest on record. The December yield took its total bitcoin holdings to 631.9 .from Northern Data, which have been gradually shipped to its facilities. The remaining 3,400 mining rigs will arrive at its data center by the end of February, the company said.for a 100 megawatt facility. It expects the mining machines to be deployed in Q2 2022.
The miner has also received"all planning board permits and compliance approvals" to ramp up the development of a 60MW power plant in New York, which it expects to be completed by mid-February. However, it is still waiting for the final approval from utilities regulator, Public Service Commission, for the acquisition of the building.
Digihost also changed its Q3 earnings statement to account for a $1,498,085 deferred tax provision as an expense, turning a reported Q3 2021 profit of $762,931, to a loss of $771,154.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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