Mr. Michel Amar reports

DIGIHOST ANNOUNCES 65% YEAR-OVER-YEAR INCREASE IN BITCOIN MINED AND PROVIDES JANUARY 2024 PRODUCTION UPDATE

Digihost Technology Inc. has provided unaudited comparative bitcoin (BTC) production results for the month ended Jan. 31, 2024, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated.

Monthly production highlights for January, 2024

• Mined approximately 107 BTC. Daily BTC mined during the month increased by 30 per cent compared with December, 2023. Despite less-than-optimal conditions for mining due to extreme weather conditions experienced in the month of January that led the company to pause operations for a few days, on a month-over-month basis, the company was able to increase its mining output due to the growth in operating capacity previously disclosed.
• On a year-over-year basis, the company increased its daily BTC mined by 65 per cent, compared with January, 2023.
• The company held cash, BTC and cash deposits of approximately $3.7-million as of Jan. 31, 2024 (based on a BTC price of $42,758 as of Jan. 31, 2024, per CoinMarketCap), which was comparable with Digihost's cash, BTC and cash deposits of $2.8-million as of Dec. 31, 2023 (based on a BTC price of $42,265 as of Dec. 31, 2023, per CoinMarketCap).
• The company spent approximately $300,000 on capital expenditures, mining infrastructure support equipment and collateral deposits. Digihost continues to monitor its capital expenditures closely with self-financing to limit equity dilution for its shareholders.
• Consistent with management's continuing commitment to minimize 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.

Operation update

Presently, Digihost's consolidated operating capacity across its three sites represents approximately 90 megawatts of available power and is mining at a hash rate of two exahashes per second.

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.