Mr. Michel Amar reports

DIGIHOST INCREASES MONTH OVER MONTH BTC OUTPUT BY 21% AND PROVIDES SEPTEMBER 2023 PRODUCTION UPDATE

Digihost Technology Inc. has provided unaudited comparative bitcoin (BTC) production results for the month ended Sept. 30, 2023, combined with an operations update. All monetary references are expressed in United States dollars unless otherwise indicated.

Monthly production highlights for September, 2023

• Mined approximately 85 BTC. Production of daily BTC mined increased by 21 per cent over the previous month, as the company finalized 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 $2.4-million as of Sept. 30, 2023 (based on a BTC price of $26,968 as of Sept. 30, 2023, per CoinMarketCap), which was approximately 10 per cent greater than Digihost's cash, BTC and cash deposits of $2.2-million as of Aug. 31, 2023 (based on a BTC price of $25,930 as of Aug. 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 megawatts, representing approximately two 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.