Mr. Michel Amar reports

DIGIHOST ANNOUNCES 45% YEAR-OVER-YEAR INCREASE IN BITCOIN MINED AND PROVIDES FEBRUARY 2024 PRODUCTION UPDATE

Digihost Technology Inc. has provided unaudited comparative bitcoin (BTC) production results for the month ended Feb. 29, 2024, combined with an operational update. All monetary references are expressed in U.S. dollars unless otherwise indicated.

Monthly production highlights for February, 2024:

• The company held cash, BTC and cash deposits of approximately $3.9-million as of Feb. 29, 2024 (based on a BTC price of $61,198 as of Feb. 29, 2024, per CoinMarketCap), an increase compared with Digihost's cash, BTC and cash deposits of $3.7-million as of Jan. 31, 2024 (based on a BTC price of $42,583 as of Jan. 31, 2024, per CoinMarketCap).
• The company mined approximately 95 BTC. Daily BTC mined during the month decreased by 11 per cent compared with January, 2024, as overall BTC difficulty increased by approximately 16 per cent during the month due to the surge of prices of certain cryptocurrencies during the month of February. Despite the increase in mining difficulty, the company's ending BTC position increased over the previous month by approximately $300,000.
• On a year-over-year basis, the company increased its daily BTC mined by 45 per cent compared with February, 2023.
• The company spent approximately $1.3-million on capital expenditures, mining infrastructure support equipment, energy credits and collateral deposits, an increase of 333 per cent over January, 2024. 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.

Michel Amar, chief executive officer of Digihost, stated, "We are excited to be in a position to capitalize on the surging BTC market as our company has the mining infrastructure in place to be able to rapidly expand, if necessary, in order to optimize our resources in an environmentally conscious manner and continue to provide value to our shareholders."

Operations 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.