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 response to an announcement launched Tuesday. The machine switch will enable the miner to profit from decrease direct vitality prices negotiated with Alabama Energy.
The primary 28 megawatts of vitality capability are scheduled to be prepared by the top of the third quarter of 2022 and the complete 55 by the primary quarter of 2023.
The corporate mentioned that it bought 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 bought 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.
