Bit Digital has announced a joint partnership with Digihost Technologies.
Bit Digital plans to increase its hash rate in North America with mining venture Digihost Technologies. Under the contract, Digithost will provide dedicated cryptocurrency mining facilities with a total capacity of 20MW for two years.
Digithost will provide uninterrupted power for the operation of the equipment and will take full control of the machines, while the joint hash rate will increase by 400 PH/s.
The plan is to deliver and install the equipment in Q4 this year, after which the companies' revenue will be distributed according to the planned algorithm.