In November, Digihost Technology Mined 77 BTC, Production of Daily BTC Mined Increased by 26% YoY, Held Cash, BTC and Cash Deposits of $2.1M
Portfolio Pulse from Benzinga Newsdesk
Digihost Technology Inc. reported mining approximately 77 BTC in November 2023, marking a 26% increase in daily BTC production YoY. The company held $2.1 million in cash, BTC, and cash deposits as of November 30, 2023. Capital expenditures for the month were about $0.3 million, aimed at avoiding equity dilution. Digihost continues to fund its energy costs by monetizing a portion of its BTC production and did not purchase or sell any miners during the month.
December 05, 2023 | 10:05 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Digihost Technology Inc. increased its BTC mining output by 26% YoY in November 2023 and maintained a stable financial position with $2.1 million in assets. The company is focused on self-funding and avoiding shareholder dilution.
The positive news of increased BTC production and the company's stable financial position, along with a commitment to avoiding equity dilution, are likely to be viewed favorably by investors. This could lead to a short-term positive impact on DGHI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100