Digihost Technology Inc. Subordinate Voting Shares - DGHI STOCK NEWS

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.

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.

Digihost Technology Inc. (Nasdaq: DGHI) reported positive audited financial results for the year ending December 31, 2022, amid a challenging economy. The company recorded revenue of $24.19 million and a net income of $4.33 million ($0.16 per share), reversing a net loss of $3.13 million in 2021. Notable highlights include a 394% increase in EBITDA to $13.74 million and an 87% reduction in total liabilities. The company is expanding its operational capacity, having acquired a 60 MW power plant in New York and completed a new mining facility in Alabama. For 2023, Digihost aims to boost hashing power significantly, targeting approximately 6 BTC per day output in Q2.

Digihost Technology Inc. (Nasdaq: DGHI) reported its February 2023 bitcoin production results, mining 58.18 BTC and ending the month with 12.59 BTC in total holdings. The company held approximately $2.4 million in cash, BTC, and deposits at month-end and used its cash resources to fully fund the acquisition of a 60 MW power plant on February 8, 2023, thereby preventing equity dilution and avoiding third-party debt.

Digihost's total operational capacity nears 100 MW, with an expected increase to approximately 2.0 EH in computing power by early Q2 2023. The company has regained compliance with Nasdaq listing requirements as of February 2, 2023.

Digihost Technology has successfully completed the acquisition of a 60 MW power plant in North Tonawanda, NY, enhancing its infrastructure strategy. The all-cash purchase avoids equity dilution, maintaining shareholder value. Following this acquisition, the company's operating capacity nears 100 MW, equating to approximately 2 EH of computing power, and will support local energy needs while contributing to community tax revenue. Digihost is committed to sustainability, sourcing renewable energy from dairy farms. This acquisition marks a strategic milestone for Digihost, positioning it for future growth and operational flexibility.

Digihost Technology has regained compliance with Nasdaq's minimum bid price requirement, as confirmed in a notice received on February 1, 2023. The company met the requirement by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days. Additionally, Digihost reported a production of 64.63 Bitcoin in January 2023, marking a 14% increase from December 2022. The approximate value of mined Bitcoin for January was $1,495,474, significantly higher than December's $942,517. Digihost operates with a hashing rate of approximately 715 PH/s, underlining its focus on growth in the blockchain technology sector.