Digihost Technology Inc. Subordinate Voting Shares - DGHI STOCK NEWS

Digihost Technology Inc. (Nasdaq: DGHI) has received approval for a normal course issuer bid to repurchase up to 1,219,762 subordinate voting shares, approximately 5% of its outstanding shares. The company aims to enhance shareholder value as it believes its shares may not reflect the underlying business value. Recently, Digihost reduced its debt by USD 2M and plans to be debt-free within 12 months. The buyback program will commence on May 25, 2022, and may be terminated early if the maximum shares are repurchased.

Digihost Technology Inc. (Nasdaq: DGHI) reported its Q1 2022 financial results, showcasing a 77% increase in Bitcoins mined compared to the previous year. Revenue from mining reached $7.3 million, a 53% year-over-year increase. The company maintains $31 million in cash, with operating income of $513,000 and EBITDA of $2.0 million, reflecting a 53% growth. Despite a net income decline to $59,000, Digihost expects to increase BTC mining in Q2. The company’s total assets grew by 22% to $97.4 million.

Digihost Technology, a U.S.-based Bitcoin mining company, announced its title partnership at the Aspen Ideas: Climate Conference held from May 9-12, 2022, in Miami, Florida. The conference, organized by the Aspen Institute, focuses on addressing climate change and features prominent leaders and policymakers. Digihost emphasizes its commitment to clean energy and reducing its carbon footprint, aligning with the conference's goals. CEO Michel Amar expressed optimism about collaborating on innovative steps for green energy sourcing and environmental impact.

Digihost Technology (Nasdaq: DGHI; TSXV: DGHI) announced its Bitcoin production results for April 2022, reporting the mining of 109.03 BTC, raising total holdings to 797.28 BTC valued at approximately $30.1 million. This reflects a 44% month-over-month increase and a 191% year-over-year increase in BTC mined. The company aims to minimize shareholder dilution and funded energy costs by selling part of its BTC production. The company is also progressing in its infrastructure expansion efforts and recently acquired land in North Carolina for future operational capacity.

Digihost Technology, a Bitcoin mining company, reported BTC production results for March 2022, mining 75.24 BTC, bringing total holdings to 797.47 BTC valued at around $36.3 million. The company has adopted a new dividend policy, expecting to declare dividends of 10% of net income, payable in BTC or cash. Currently, Digihost operates approximately 11,500 miners, with a hashrate increased to about 1 EH/s. Additionally, year-over-year BTC production increased by 78%, translating to a value increase of $2.3 million compared to Q1 2021.

Digihost Technology reported strong financial results for the year ended December 31, 2021, with revenue soaring to $24.95 million, up 602% from 2020. The company achieved a net income of $0.3 million, reversing a net loss of $5.19 million in the previous year. EBITDA was $14.01 million, reflecting a 1,601% increase. Assets grew to $80.03 million, driven by a significant expansion in BTC mining capacity. Year-to-date in 2022, Digihost's operational momentum continues, having mined 172.77 BTC thus far, a 70% increase year-over-year.

Digihost Technology Inc. (DGHI) will host a conference call on March 28, 2022, at 5:00 p.m. Eastern Time, to discuss its fourth quarter and full year 2021 financial results, audited by Raymond Chabot Grant Thornton LLP. A press release detailing these results will be issued prior to trading on the same day. Topics include operations, future growth, and potential challenges in cryptocurrency mining. The company currently hashes at approximately 500PH and aims for operational efficiency and profitability.

Digihost Technology Inc. (Nasdaq: DGHI) reported its Bitcoin production results for February 2022, mining approximately 50.85 BTC, a 45% increase from February 2021's 35.02 BTC. The value of mined BTC rose by $615,631 (39%) year-over-year. The company holds 737.66 BTC valued at about $31.87 million and 1,000.89 ETH valued at $2.9 million. Digital asset inventory totals $34.77 million. Digihost expanded its computing power by 20% to 500PH and received 9,000 high-performance Bitcoin miners out of a 9,900 order.

Digihost Technology has announced an at-the-market offering agreement with H.C. Wainwright & Co. for a maximum of US$250 million in subordinate voting shares (SV Shares). The proceeds will support the growth of its Bitcoin mining operations and repay debts. The sales will occur at market prices and are subject to the company's discretion. No SV Shares have been sold thus far. This offering is regulated under a prospectus supplement filed with the SEC and applicable Canadian authorities.