Digihost Technology, Inc. DGHI
$2.06
10.7527
About Digihost Technology, Inc. (DGHI)
Digihost Technology Inc. (NASDAQ/TSXV: DGHI) is a leading blockchain technology and digital infrastructure company based in the United States. Specializing in Bitcoin mining, Digihost operates with a hashrate of 2.75 EH/s across its three U.S. sites, utilizing approximately 90MW of available power as of August 2024. The company is focused on sustainable growth, leveraging clean energy sources and strategic colocation agreements to optimize operations and diversify revenue streams. In Q2 2024, Digihost reported a 57% year-over-year increase in revenue, reaching $9.23 million, driven by the rising price of Bitcoin and the expansion of its service offerings. This includes a significant 123% increase in revenue from the sale of energy, further highlighting the company’s commitment to integrating blockchain technology with sustainable energy solutions. Digihost also achieved an EBITDA of $8 million year-to-date in 2024, reflecting strong financial performance and operational efficiency. Looking ahead, Digihost plans to continue expanding its operational footprint in New York and Alabama, with a goal to increase its hashing power by approximately 4 EH/s by the end of 2024. The company remains dedicated to enhancing profitability and efficiency, while exploring new opportunities in the digital infrastructure space.
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