Digi Power X Stock Price, News & Analysis

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.

Digihost Technology, a Bitcoin self-mining firm, announced the closure of a US$10M revolving credit facility with Securitize, Inc. This non-dilutive funding option is aimed at supporting the company's aggressive growth strategy. The one-year facility, fully drawn at an interest rate of 7.5% per annum, will enable Digihost to finance operating and capital costs, enhancing its Bitcoin inventory. This strategy is central to the company's value creation and profitability enhancement.

Digihost Technology Inc. (Nasdaq: DGHI) reported significant growth in Bitcoin mining for January 2022, producing 62.58 BTC, an 86% increase from 33.70 BTC in January 2021. This production surge contributes to total BTC holdings of 698.64 BTC, valued at approximately $26.9 million. The company noted a total digital currency inventory value of $29.6 million as of the end of January. Additionally, Digihost intends to increase its mining capacity with advanced miners expected to enhance hashrate from 415PH to 1.2EH by Q1 2022.

Digihost Technology has announced significant growth in Bitcoin production for Q4 2021, mining 172.38 BTC, a 30% increase from Q3 2021 and a 168% jump from Q4 2020. The value of mined BTC rose to $7.98 million, up 37% quarter-over-quarter. The company holds 631.86 BTC and 1,000.89 ETH, valued at approximately $33 million combined. Digihost received 2,480 new high-performance miners and plans further expansion to increase hashrate from 415PH to 1.2EH by Q1 2022. Additionally, the company restated prior financials, reporting a net loss due to tax adjustments.

Digihost Technology reported a strong Bitcoin production update for November 2021, producing 69.01 BTC and selling 10.67 BTC from older miners, raising total holdings to 570.95 BTC valued at approximately $32.7 million. The company's ETH holdings reached 1,000.89, valued at $4.8 million, leading to a total digital asset inventory of $37.5 million. The hashrate increased to 415PH, with expectations to reach 1.2EH by Q1 2022. Notably, BTC production increased by 164% YoY in November, translating to an increased value of $3.4 million.

Digihost Technology reported a strong Bitcoin mining performance for October 2021, producing 41.84 BTC and raising total holdings to 494.08 BTC, valued at approximately $30.3 million. The company also held 1,000.89 ETH worth about $4.3 million, bringing total digital asset value to around $34.6 million. With a current hashrate of approximately 400PH, it expects to grow to 500PH soon. The company anticipates further growth with new high-performance miners and reported a year-over-year BTC production increase of 256%.