Streetbeat News

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.

Open

2.13

Mkt cap

61M

Volume

257K

High

2.13

P/E Ratio

-3.38

52-wk high

2.54

Low

1.81

Div yield

N/A

52-wk low

0.84

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

Digihost Technology Inc. (DGHI) reported a significant 65% year-over-year increase in the daily amount of Bitcoin mined, totaling 107 Bitcoin in January 2024. This marks a substantial growth in the company's mining operations.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:24 am

Crypto-related stocks are trading higher due to an increase in the price of Bitcoin, indicating a positive correlation between these stocks and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:34 pm

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.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:05 am

The article lists the stocks that have gained and lost the most in Tuesday's mid-day session. Some of the top gainers include InMed Pharmaceuticals, LianBio, Ascent Solar Technologies, and Falcon's Beyond Global. On the other hand, reAlpha Tech Corp, LumiraDx Limited, INVO Bioscience, and Markforged Holding Corporation were among the biggest losers.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 6:12 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.