Digihost Technology Inc. Subordinate Voting Shares - DGHI STOCK NEWS

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.

Digihost Technology Inc. (Nasdaq: DGHI) announced it received a notification from Nasdaq due to its stock price falling below the $1.00 minimum requirement for continued listing. The notice, dated October 10, 2022, gives the company until April 10, 2023, to rectify the situation by maintaining a share price of $1.00 for ten consecutive days. This notification does not immediately affect trading. The company aims to monitor share prices and explore options to regain compliance. Digihost continues its Bitcoin mining operations, currently hashing at approximately 650 PH/s.

Digihost Technology Inc. (Nasdaq: DGHI) reported significant BTC production results for Q3 2022, mining approximately 591 BTC, a 14% increase over 2021. In September alone, the Company mined 69.84 BTC, showcasing an 85% year-over-year rise. Financially, Digihost holds around $4.46 million in digital assets and cash as of September 30, 2022. The Company remains debt-free and is proceeding with major expansions, including a North Tonawanda power plant acquisition and Alabama site build-out, aimed at increasing operational capacity significantly.

Digihost Technology (Nasdaq: DGHI) reported its unaudited Bitcoin production results for August 2022, mining a total of 67.97 BTC, an increase of 54.2% from August 2021. The company maintains total Bitcoin holdings of 176.61 BTC and Ethereum holdings of 1,000.89 ETH, valuing total digital assets at approximately $5.10 million. To prevent equity dilution, Digihost sold part of its Bitcoin production to cover energy costs. The company remains debt-free and has received regulatory approval for reduced energy costs at its Alabama site, furthering its expansion efforts.

Digihost Technology Inc. (Nasdaq: DGHI; TSXV: DGHI) reported robust second-quarter results for 2022, marking a 129% increase in Bitcoins mined compared to Q2 2021, totaling 251.68 BTC. Year-to-date revenue from digital currency mining reached $14.8 million, a 49% increase year-over-year. The company also achieved a realized net income of $20.9 million and an operating income of $18.2 million. Digihost is expanding its operations with a new facility in Alabama and has acquired land in North Carolina for further growth. However, it has suspended its normal course issuer bid until further notice.

Digihost Technology Inc. (DGHI) reported significant growth in Bitcoin production for July 2022, mining 64.17 BTC, a 26.7% increase year-over-year. The company also aims to enhance its infrastructure in Alabama, targeting a hashing capacity of 55 MW by Q1 2023. Notably, Digihost maintains a debt-free status and has a total digital asset inventory valued at approximately $6.82 million. Cash and liquid assets total around $11.82 million. A portion of BTC production was sold to mitigate energy costs, demonstrating a focus on avoiding shareholder dilution.