Digihost Technology Inc. Subordinate Voting Shares - DGHI STOCK NEWS

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.

Digihost Technology Inc. (TSXV: DGHI; Nasdaq: DGHI) has provided an update regarding its acquisition of a 60 MW power plant in North Tonawanda, NY. The company has received all necessary regulatory approvals, including from the Federal Energy Regulatory Commission and the New York Public Service Commission, and expects to finalize the acquisition within 30 days. Once completed, the power plant is projected to enhance Digihost's computing capacity to approximately 2.0 EH for its digital asset infrastructure. The decline in natural gas prices is anticipated to lower costs. However, the Sierra Club and the Clean Air Coalition have initiated legal proceedings against the PSC regarding the acquisition.

Digihost Technology Inc. (DGHI) announced its unaudited Bitcoin (BTC) production results for 2022, revealing a significant increase in production. The company mined approximately 832 BTC during the year, surpassing 2021's 521 BTC by 60%. In December alone, 56.96 BTC was mined, raising total BTC holdings to 111.32 BTC. Despite adverse weather impacts, Digihost committed to reducing energy consumption while preparing for the acquisition of a 60 MW power plant. Financially, the company held approximately $4.62 million in liquid assets at year-end.

Digihost Technology Inc. (Nasdaq: DGHI) reported November 2022 BTC production results, mining 61.32 BTC and increasing total holdings to 98.38 BTC, valued at approximately $1.69 million. The company also holds 800.89 ETH, valued at $1.04 million, bringing total digital asset inventory to about $2.73 million. Cash reserves stood at $2.62 million, totaling liquid assets of $5.35 million. Notably, Digihost avoided equity dilution by selling BTC for energy costs. Year-to-date BTC production shows a 45% increase compared to 2021. The company is also advancing a power plant acquisition in New York and an Alabama site build-out.

Digihost Technology Inc. (Nasdaq: DGHI) announced its third quarter financial results for 2022, showcasing a 52% increase in Bitcoins mined year-over-year. The company reported net income of $14.1 million, an increase of 117%, and a revenue rise of 20% to $18.5 million. EBITDA surged by 113%, totaling $19.6 million. The firm remains debt-free, barring a $1 million mortgage. The acquisition of a 60 MW power plant in New York is expected to close in Q4, enhancing their mining capacity. Additionally, they are progressing on their Alabama site build-out, expected to further increase capacity.

Digihost Technology reported strong performance for October 2022, mining 74.58 BTC, a 78% increase from the previous year. The company’s total digital asset inventory was valued at approximately $3.74 million, with cash and liquid assets totaling $7.16 million. They remain debt-free and cash flow positive, having sold a portion of mined BTC to cover energy costs. The ongoing acquisition of a 60MW power plant is expected to enhance mining capacity, while a significant Alabama build-out continues on schedule. However, Digihost faces a Nasdaq compliance issue due to a low share price.