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Digihost Technology Inc - DGHI STOCK NEWS

Welcome to our dedicated news page for Digihost Technology (Ticker: DGHI), a resource for investors and traders seeking the latest updates and insights on Digihost Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Digihost Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Digihost Technology's position in the market.

News
Digihost Announces 2023 Year End Financial Results and Provides Operational Update
Rhea-AI Summary
Digihost Technology Inc. reports increased revenue and Adjusted EBITDA for 2023, highlights transformative acquisitions and partnerships. The company aims to boost hashing power in 2024 and expand operations in low-cost energy markets. Financially, revenue hit $26.11 million, with Adjusted EBITDA up by 207% to $1.59 million. The company acquired a 60 MW power plant and plans to increase hashing power to 6 EH by year-end.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.44%
Tags
earnings
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News
Digihost Announces 60% Month-Over-Month Increase in Cash and Crypto Position and Provides March 2024 Production Update
Rhea-AI Summary
Digihost Technology Inc. reports a significant increase in cash, BTC, and cash deposits for March 2024, driven by a new hosting agreement and plans for deploying high-performance miners. The company also highlights a decrease in daily BTC mined due to rising mining difficulty but maintains a strong financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
Tags
none
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News
Digihost Expands Bitcoin Mining Fleet With Addition of 4,640 S19 XPs 150TH Under Multi-Year Hosting Deal
Rhea-AI Summary
Digihost Technology Inc. signs a multi-year hosting agreement with a leading manufacturer of digital currency mining servers, receiving an upfront deposit of $1.8 million and 4,640 S19 XPs. The agreement will increase Digihost's hash rate by approximately 700 PH/s to a total of 2.4 EH/s. The company also participates in a 5MW Community Solar project and operates at a hash rate of 2 EH/s across three sites.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.18%
Tags
none
News
Digihost Announces 45% Year-Over-Year Increase in Bitcoin Mined and Provides February 2024 Production Update
Rhea-AI Summary
Digihost Technology Inc. reports unaudited Bitcoin production results for February 2024, showing a significant increase in cash and BTC holdings compared to the previous month. Despite a decrease in daily BTC mined due to increased mining difficulty, the company's ending BTC position grew. Capital expenditures also rose sharply, but Digihost aims to limit equity dilution for shareholders by self-funding energy costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.92%
Tags
none
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News
Digihost Announces RSU Grant
Rhea-AI Summary
Digihost Technology Inc. announces the grant of 1,080,000 restricted share units to key personnel, vesting over three years. The RSUs entitle holders to acquire subordinate voting shares, subject to TSX Venture Exchange approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Digihost Announces 65% Year-Over-Year Increase in Bitcoin Mined and Provides January 2024 Production Update
Rhea-AI Summary
Digihost Technology Inc. reports unaudited comparative Bitcoin production results for January 2024, highlighting a 30% increase in daily BTC mined compared to December 2023 despite extreme weather conditions. The company also increased daily BTC mined by 65% year-over-year. Digihost held approximately $3.7 million in cash, BTC, and cash deposits as of January 31, 2024, with $0.3 million spent on capital expenditures, mining infrastructure support equipment, and collateral deposits. The company's consolidated operating capacity across its three sites represents approximately 90MW of available power and is mining at a hashrate of 2 EH/s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
News
Digihost’s Hashrate Doubles to 2EH/s as of January 1st 2024
Rhea-AI Summary
Digihost Technology Inc. (DGHI) Achieves 180% Increase in Bitcoin Mining Hashrate, Expects 6 EH/s by 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
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News
Digihost Provides November 2023 Production Update
Rhea-AI Summary
Digihost Technology Inc. (DGHI) reports a 26% increase in Bitcoin production for November 2023, with approximately 77 BTC mined. The company holds cash, BTC, and cash deposits of $2.1 million as of November 30, 2023, and has spent around $0.3 million on capital expenditure, mining infrastructure support equipment, and collateral deposits. Digihost aims to avoid equity dilution for its shareholders and plans to fully deploy its 100MW computing power by the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.36%
Tags
none
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News
Digihost Reports Positive Year Over Year Revenue Growth and 49% Increase in EBITDA* for Q3 2023
Rhea-AI Summary
Digihost Technology Inc. (Nasdaq: DGHI; TSXV: DGHI) reports unaudited financial results for Q3 2023, showing a 46% increase in revenue from digital currency mining and energy sales. The company mined 217 BTC, resulting in a net income of $0.1 million. EBITDA increased by 49% to $3.6 million, with total assets of $47.3 million and cash and cash equivalents of $3.3 million as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.23%
Tags
earnings
News
Digihost Increases Year Over Year Monthly BTC Output by 36% and Provides October 2023 Production Update
Rhea-AI Summary
Digihost Technology Inc., a U.S. based blockchain technology and computer infrastructure company, reported unaudited comparative Bitcoin production results for October 2023. They mined approximately 95 BTC, showing a 36% increase compared to the previous year. The company held cash, BTC, and cash deposits of $2.2 million as of October 31, 2023. They spent $0.7 million on capital expenditure and mining infrastructure support equipment. Digihost's consolidated operating capacity across its three sites has increased to approximately 100MW, representing approximately 2 EH of computing power.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.08%
Tags
none
Stock DGHI logo
Digihost Technology Inc

Nasdaq:DGHI

DGHI Rankings

#4877 Ranked by Market Cap
#235 Ranked by Stock Gains
N/A Ranked by Dividends

DGHI Stock Data

36.10M
21.73M
19.39%
9.81%
0.19%
Data Processing, Hosting, and Related Services
Information
Link
United States
Buffalo

About DGHI

we are a blockchain technology company based in the united states with core competencies in network development, hosting, and mining operations supported by renewable and sustainable energy. currently, 90% of the energy consumed by digihost operations is from sources that create zero-carbon emissions, while more than 50% of the energy consumed is being generated from renewable energy sources. as we acquire and begin to operate our own power generation facilities, we will focus on using “bridge” power sources where available for low-carbon or renewable sources of energy.
 by creating applications for existing power supplies, we can transform the way power is used and the way blockchain is applied. “a key goal of digihost has been to provide our investors with greater liquidity through the listing of our shares on a major united states stock exchange. we believe that up-listing the company’s shares from the otc market to nasdaq will also provide the company with increased access to capi