Mr. Michel Amar reports

DIGIHOST REPORTS ON ENERGY CURTAILMENT PROGRAMS AND PROVIDES AUGUST 2023 PRODUCTION UPDATE

Digihost Technology Inc. has provided unaudited comparative bitcoin (BTC) production results for the month ended Aug. 31, 2023, combined with an operations update. All monetary references are expressed in United States dollars unless otherwise indicated.

During the past month, Digihost participated, and continues to actively participate, in a variety of load curtailment programs that reduce BTC mining costs, as summer capacity pricing has been historically high. By contributing and performing in these load reduction programs, the company has seen a reduction in its BTC mining costs, in addition to being able to provide crucial grid reliability to surrounding electric consumers.

Monthly production highlights for August, 2023:

• Mined approximately 70 BTC. Production of BTC mined is expected to ramp up by the end of Q3 2023, as the company finalizes the infrastructure set-up at its most recently acquired site. Infrastructure installation has been completed at the company's other two sites.
• The company held cash, BTC and cash deposits of approximately $2.2-million as of Aug. 31, 2023 (based on a BTC price of $25,930 as of Aug. 31, 2023, per CoinMarketCap), which was in line with Digihost's cash and crypto holdings of $2.4-million as of July 31, 2023 (based on a BTC price of $29,230 as of July 31, 2023, per CoinMarketCap).
• Spent approximately $300,000 on capital expenditure and mining infrastructure support equipment. Digihost continues to monitor its capital expenditures closely with self-financing to avoid equity dilution for its shareholders.
• Consistent with management's continuing commitment to avoid equity dilution for its shareholders, the company has continued to monetize a portion of its BTC production to fully finance its energy costs.
• The company did not purchase or sell any miners during the month.

Operations update

As a result of the company's site acquisition in Q1 2023, Digihost's consolidated operating capacity across its three sites has increased to approximately 100 MW (megawatts), representing approximately two exahashes (EH) of computing power.

The company anticipates that its total capacity will be fully deployed by the end of 2023. The plant will continue flexible operations to ensure that 24/7 dispatchable electrical supply is made available to upstate New York area residents, businesses and industry to mitigate impacts of power interruptions.

About Digihost Technology Inc.

Digihost is a growth-oriented technology company focused on the blockchain industry. The company operates from three sites in the United States and, in addition to managing its own operations, provides hosting arrangements at its facilities.

We seek Safe Harbor.