Digihost Technology Inc's Comment on Sales, Marketing and Customers
The Corporation serves customers engaged in buying, selling, and storing digital assets, primarily through the Gemini exchange. Gemini is recognized as the first cryptocurrency exchange and custodian to complete SOC 2 Type 1 and Type 2 examinations, indicating compliance with security standards. The Corporation holds digital currencies, including bitcoin and Ethereum, in its Gemini account and uses Gemini's quoted prices for fair value measurement. It conducts credit due diligence on counterparties and maintains insurance coverage for cryptocurrency held in Gemini's online hot wallet. To reduce third-party risk, the Corporation stores some digital currencies in cold storage within bank safety deposit boxes. Wallet security is maintained using a 24-word seed phrase divided and stored across multiple secure locations. The Corporation's mining activities are primarily conducted through mining pools, which combine processing power from multiple miners and distribute rewards proportionally, providing more consistent earnings, particularly for miners with smaller computational capacity.
Digihost Technology Inc’s Comment on Sales, Marketing and Customers
The Corporation serves customers engaged in buying, selling, and storing digital assets, primarily through the Gemini exchange. Gemini is recognized as the first cryptocurrency exchange and custodian to complete SOC 2 Type 1 and Type 2 examinations, indicating compliance with security standards. The Corporation holds digital currencies, including bitcoin and Ethereum, in its Gemini account and uses Gemini's quoted prices for fair value measurement. It conducts credit due diligence on counterparties and maintains insurance coverage for cryptocurrency held in Gemini's online hot wallet. To reduce third-party risk, the Corporation stores some digital currencies in cold storage within bank safety deposit boxes. Wallet security is maintained using a 24-word seed phrase divided and stored across multiple secure locations. The Corporation's mining activities are primarily conducted through mining pools, which combine processing power from multiple miners and distribute rewards proportionally, providing more consistent earnings, particularly for miners with smaller computational capacity.
Sources:
Digihost Technology Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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