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DGHI

Digihost Technology Inc.

https://digihost.ca/docs/

Industry

Software - Application

Digihost Technology Inc. operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.

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Digihost Technology shares are trading higher following the announcement of a $4 million private placement.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:26 pm

Digihost Technology Inc. announced a $4 million private placement consisting of 3,636,363 units at $1.10 per unit, a 9% premium to its most recent Nasdaq closing price. Each unit includes one share and one warrant with a $2.00 exercise price. Proceeds will be used for infrastructure expansion and working capital.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:21 pm

Digihost has released its production details for May 2024, reporting that it holds cash, BTC, and cash deposits totaling approximately $6 million as of May 30. The company also spent $2.2 million on capital expenditures, mining infrastructure support equipment, and deposits.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:04 am

HC Wainwright & Co. analyst Kevin Dede has reiterated a Buy rating on Digihost Technology (NASDAQ:DGHI) and maintained a price target of $2.5.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 9:29 am

Digihost Technology reported a significant increase in Q1 earnings to $0.17 per share from a loss of $(0.32) YoY, with sales rising to $12.96M from $4.10M YoY.

Portfolio Pulse from saritha@benzinga.com

May 14, 2024 | 10:04 am

Digihost Technology (NASDAQ:DGHI) reported Q4 earnings with a loss of $(0.34) per share, missing the $(0.04) estimate by 750%, but saw a 5.56% improvement from last year. Sales reached $10.78M, beating the $9.20M estimate by 17.18%, and marking an 89.74% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:25 am

Digihost Technology Inc. (DGHI) reported a 60% increase in its cash and cryptocurrency holdings in March 2024, reaching $6.2 million, up from $3.9 million in January 2024. Despite a 2% decrease in daily BTC mining and a 5% increase in BTC mining difficulty, the company mined approximately 91 BTC in March. The increase in holdings is attributed to the rise in cryptocurrency prices, with BTC valued at $71,200 by the end of March.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:17 am

Digihost announced a 45% year-over-year increase in Bitcoin mined and provided a February 2024 production update. The company reported holding $3.9 million in cash, BTC, and cash deposits as of February 29, 2024, a slight increase from $3.7 million as of January 31, 2024. Despite an 11% decrease in daily BTC mined due to a 16% increase in mining difficulty, Digihost's ending BTC position grew by $0.3 million. Capital expenditures rose by 333% to $1.3 million, focusing on mining infrastructure and energy credits, with efforts to minimize equity dilution.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:23 am

Crypto-related stocks, including BITF, COIN, and IREN, are experiencing an uptick in their trading values, correlating with an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 4:10 pm

Shares of crypto-related stocks are trading higher due to an increase in Bitcoin's value. This includes companies across various sectors within the cryptocurrency industry.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:20 pm

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