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Digihost Technology Inc. Subordinate Voting Shares - DGHI STOCK NEWS

Welcome to our dedicated page for Digihost Technology Subordinate Voting Shares news (Ticker: DGHI), a resource for investors and traders seeking the latest updates and insights on Digihost Technology Subordinate Voting Shares stock.

Digihost Technology Inc. (DGHI) is a prominent player in the blockchain sector, primarily focused on Bitcoin mining. Located in Buffalo, New York, the company's cutting-edge mining facility boasts an 18.7 MVA 115,000-kilovolt ampere outdoor substation, with plans to enhance power output to 42MVA. This strategic location supports Digihost's operational efficiency and scalability objectives.

Committed to sustainability, Digihost leverages renewable and sustainable energy sources for its operations. Impressively, 90% of the energy consumed in its operations is derived from zero-carbon emission sources, with over 50% generated from renewable energy. As part of its forward-thinking approach, the company is acquiring and operating its own power generation facilities, focusing on low-carbon and bridge power sources to further reduce its carbon footprint.

Digihost's core competencies extend beyond mining to network development and hosting, showcasing its versatility in the blockchain technology landscape. The company's strategic initiatives aim to revolutionize power usage and blockchain applications, contributing to a more sustainable and efficient industry.

In a significant move to enhance investor confidence and broaden capital access, Digihost has transitioned its shares from the OTC market to the Nasdaq. This up-listing is intended to provide greater liquidity and attract a broader investor base, reinforcing the company’s financial stability and growth prospects.

Recent achievements for fiscal 2023 include noteworthy milestones such as achieving significant adjusted EBITDA figures, indicating robust financial health and operational success. Comparative financial highlights for the three-month period ended March 31, 2024, further illustrate Digihost's consistent performance and strategic growth.

Devoted to transparency, Digihost regularly issues designated news releases, providing updates on financial performance, strategic initiatives, and market developments. This commitment to communication ensures that stakeholders are well-informed about the company's progress and future directions.

News

Digihost Provides November 2023 Production Update

Rhea-AI Summary
Digihost Technology Inc. (DGHI) reports a 26% increase in Bitcoin production for November 2023, with approximately 77 BTC mined. The company holds cash, BTC, and cash deposits of $2.1 million as of November 30, 2023, and has spent around $0.3 million on capital expenditure, mining infrastructure support equipment, and collateral deposits. Digihost aims to avoid equity dilution for its shareholders and plans to fully deploy its 100MW computing power by the end of 2023.
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Digihost Reports Positive Year Over Year Revenue Growth and 49% Increase in EBITDA* for Q3 2023

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Digihost Technology Inc. (Nasdaq: DGHI; TSXV: DGHI) reports unaudited financial results for Q3 2023, showing a 46% increase in revenue from digital currency mining and energy sales. The company mined 217 BTC, resulting in a net income of $0.1 million. EBITDA increased by 49% to $3.6 million, with total assets of $47.3 million and cash and cash equivalents of $3.3 million as of September 30, 2023.
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Digihost Increases Year Over Year Monthly BTC Output by 36% and Provides October 2023 Production Update

Rhea-AI Summary
Digihost Technology Inc., a U.S. based blockchain technology and computer infrastructure company, reported unaudited comparative Bitcoin production results for October 2023. They mined approximately 95 BTC, showing a 36% increase compared to the previous year. The company held cash, BTC, and cash deposits of $2.2 million as of October 31, 2023. They spent $0.7 million on capital expenditure and mining infrastructure support equipment. Digihost's consolidated operating capacity across its three sites has increased to approximately 100MW, representing approximately 2 EH of computing power.
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Digihost Increases Month Over Month BTC Output By 21% And Provides September 2023 Production Update

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Digihost Technology Inc. reports 21% increase in daily BTC production, holds $2.4 million in cash and BTC, and spends $0.3 million on infrastructure. Capacity to be fully deployed by end of 2023.
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Digihost Reports on Energy Curtailment Programs and Provides August 2023 Production Update

Rhea-AI Summary
Digihost Technology Inc. provides unaudited BTC production results for August 2023 and an operations update. Mined approximately 70 BTC. BTC mining costs reduced through load curtailment programs. Held cash, BTC, and cash deposits of $2.2 million. Spent $0.3 million on capital expenditure. Total operating capacity increased to 100MW. Total capacity expected to be fully deployed by end of 2023.
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Digihost Reports Positive Adjusted EBITDA for Q2 2023

Rhea-AI Summary
Digihost Technology Inc. reports unaudited financial results for Q2 2023. Revenue from digital currency mining and sale of energy was $5.9 million, a decrease compared to Q2 2022. The company mined approximately 191 BTC at an average price of $28,021. Adjusted EBITDA for Q2 2023 was $1.43 million, a 92% increase from Q1 2023. Total assets were $50.8 million as of June 30, 2023.
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Digihost Provides July 2023 Production Update

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Digihost Provides Update on Green Initiatives, Operational Efficiencies and Sustainability

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Digihost Technology Inc., a blockchain technology and computer infrastructure company, provides an update on its operational sustainability initiatives. The company reports achieving green energy milestones, including 93% emissions-free production in Upstate New York and becoming the anchor subscriber to a community solar project. Digihost also entered into a curtailment program for rapid response to signals from the system operator. In terms of BTC production, the company mined approximately 70 BTC in June 2023, with plans to ramp up production throughout the year. Digihost held cash and crypto holdings of $2.3 million as of June 30, 2023, and spent $0.4 million on capital expenditure and mining infrastructure support equipment during the month. The company's consolidated operating capacity across its three sites has increased to approximately 100MW, with full deployment expected by the end of Q3 2023.
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Digihost Announces a 35% Month-Over-Month Increase in Bitcoin Production and Provides May 2023 Operational Update

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Digihost Technology Inc. provides unaudited Bitcoin production results for May 2023, with a 35% increase compared to the previous month. The company expects production to continue ramping up throughout the year.
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Digihost Reports Positive Adjusted EBITA for Q1 2023 and Provides Operational Update

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FAQ

What is the current stock price of Digihost Technology Subordinate Voting Shares (DGHI)?

The current stock price of Digihost Technology Subordinate Voting Shares (DGHI) is $1.38 as of November 4, 2024.

What is the market cap of Digihost Technology Subordinate Voting Shares (DGHI)?

The market cap of Digihost Technology Subordinate Voting Shares (DGHI) is approximately 47.2M.

What is Digihost Technology Inc. known for?

Digihost Technology Inc. is known for its focus on Bitcoin mining, utilizing sustainable and renewable energy sources to power its operations.

Where is Digihost Technology Inc. located?

Digihost Technology Inc. is located in Buffalo, New York.

What energy sources does Digihost Technology Inc. use?

Digihost primarily uses zero-carbon emission sources, with over 50% of its energy coming from renewable sources.

Why did Digihost Technology Inc. up-list its shares to Nasdaq?

Up-listing to Nasdaq aims to provide greater liquidity for investors and increased access to capital.

What are Digihost's recent financial achievements?

For fiscal 2023, Digihost achieved significant milestones, including robust adjusted EBITDA figures, showcasing its financial health.

How does Digihost ensure transparency with its stakeholders?

Digihost regularly issues designated news releases to keep stakeholders informed about financial performance and strategic initiatives.

What is the capacity of Digihost’s mining facility?

The mining facility in Buffalo has an 18.7 MVA 115,000-kilovolt ampere substation, with plans to increase to 42MVA.

What are Digihost's core competencies?

Digihost's core competencies include Bitcoin mining, network development, and hosting services.

What strategic initiatives is Digihost pursuing?

Digihost is acquiring and operating its own power generation facilities and focusing on low-carbon energy sources to enhance sustainability.

How does Digihost contribute to the blockchain industry?

Digihost is innovating power usage and blockchain applications, aiming to make the industry more sustainable and efficient.

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Digihost Technology Inc. Subordinate Voting Shares

Nasdaq:DGHI

DGHI Rankings

#4862 Ranked by Market Cap
N/A Ranked by Dividends

DGHI Stock Data

47.21M
33.01M
29.65%
9.8%
0.11%
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