Mr. Michel Amar reports

DIGIHOST INCREASES YEAR OVER YEAR MONTHLY BTC OUTPUT BY 36% AND PROVIDES OCTOBER 2023 PRODUCTION UPDATE

Digihost Technology Inc. has provided unaudited comparative bitcoin production results for the month ended Oct. 31, 2023, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated.

Monthly production highlights for October, 2023:

• Mined approximately 95 bitcoin; production of daily bitcoin mined during the month increased by 36 per cent compared with October of the previous year as the company ramped up its mining operations by virtue of its infrastructure buildout and hosting agreements;
• The company held cash, bitcoin and cash deposits of approximately $2.2-million as of Oct. 31, 2023 (based on a price of $34,667 as of Oct. 31, 2023, per CoinMarketCap), which was in line with Digihost's cash, bitcoin and cash deposits of $2.4-million as of Sept. 30, 2023 (based on a bitcoin price of $26,968 as of Sept. 30, 2023, per CoinMarketCap);
• Spent approximately $700,000 on capital expenditure, mining infrastructure support equipment and collateral deposits; 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 bitcoin 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 exahashes 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-hour-a-day/seven-day-a-week 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.