Bitcoin miner DigihostTech is down sharply after a massive $250 million at-the-market share offering. Reports Aoyon_A
Digihost , a relatively small publicly traded bitcoin miner looking to fund ambitious growth plans,The company’s market cap was less than $100 million as of Thursday’s close, making a capital raise of $250 million – even over a period of time – a sizable amount. Proceeds will mostly be used to fund growth and development of existing mining operations.Digihost, which is based in Buffalo, N.Y.
, earlier this weekShares were down 13% on Friday on news of the share offering and as bitcoin's fell 5% to $40,500.in January with a hashing rate of about 415 petahash per second. It said at the time it planned to expand its mining power to 3.6 exahash per second by year end, implying a more than 700% increase from the January hashrate.about 3.8 EH/s, with plans to expand to 23.3 EH/s by early 2023.
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