Digihost Technology Inc. Subordinate Voting Shares - DGHI STOCK NEWS

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.

Digihost Technology Inc. (Nasdaq: DGHI) reported a production increase for June 2022, mining 72.18 BTC, totaling 293.30 BTC valued at approximately $5.8 million. The company's Ethereum holdings were 1,000.89 ETH, valued at about $1.07 million, leading to a total digital asset inventory of $6.87 million. Digihost repaid a $10 million loan by selling BTC, retaining no debt. Year-over-year, BTC production rose by about 128.9%. The firm is expanding operations to Alabama, targeting a breakeven BTC price of $12,000 while implementing a cost control program amid rising energy costs.

Digihost Technology Inc. (Nasdaq: DGHI; TSXV: DGHI) announced the completion of its acquisition of property in Alabama for $1.5 million, with an additional $1.25 million payable in installments. This acquisition enables Digihost to expand its operational capacity significantly, targeting a hashing capacity of 28 MW by Q3 2022 and 55 MW by Q1 2023. The transition will leverage existing infrastructure and renewable energy sources, aiming to reduce operational costs. This strategic move positions Digihost as a leading player in the Bitcoin mining sector with jurisdictional diversification.

Digihost Technology has announced an agreement to acquire property in Alabama for $2.75 million to expand its Bitcoin mining operations. The deal involves an initial payment of $1.5 million due by June 17, 2022, with the remainder paid in 25 monthly installments. The site offers 160,000 square feet of space and access to 55 MW of power. Additionally, the company has reported repaying a $10 million revolving credit facility, resulting in no long-term debt. Digihost's cash and digital inventory totals approximately $16.6 million.

Digihost Technology has announced a long-term agreement to purchase community solar credits from a 5MW solar farm managed by EnergyMark. This initiative will allow Digihost to further reduce its carbon footprint and leverage clean energy in its Bitcoin mining operations. The solar project is expected to generate approximately 9.5 million kWh annually, powering over 1,000 homes. Additionally, the company has increased its hashing capacity from 450 PH/s to 650 PH/s. However, they await approval for their power plant acquisition amidst new legislation in New York affecting cryptocurrency mining.

Digihost Technology Inc. (Nasdaq: DGHI) reported May 2022 Bitcoin production results, mining 70.47 BTC, totaling 637.66 BTC valued at approximately $20.37 million. Ethereum holdings reached 1,000.89 ETH, valued at about $2 million, bringing total digital asset value to $22.37 million. Year-over-year, BTC production increased by 106% in May and 150% for Q2 2022. The company repaid $4 million of its $10 million credit facility and initiated a normal course issuer bid to buy back shares. Liquid assets as of May were $5 million in cash and $2.8 million from cryptocurrency investments.