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  • Digihost Technology (DGHI) has released its first-quarter financial results, including record income of $5.9 million
  • The report also included the company’s business and operational highlights from the first quarter, including the closing of a $25 million private placement
  • Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
  • Digihost Technology Inc. (DGHI) is down 3.33 per cent on the day, trading at $2.32 per share

Digihost Technology (DGHI) reports record income of US$5.9 million in Q1.

This income represents an increase of 872 per cent compared to Q1 2020’s loss of US$0.76 million.

Other highlights include:

  • Revenue from digital currency mining increased by 469 per cent to $4.8 million in 2021 compared to $0.8 million in 2020;
  • Gross profit margin increased by 57 per cent in 2021; and
  • The weighted average shares outstanding in 2021 were 44,313,754 compared to 20,257,016 in 2020.

The report also included the company’s business and operational highlights from the first quarter, including the closing of a $25 million private placement.

Digihost also recently released a report on its green energy consumption, stating that 90 per cent of the energy consumed in its Bitcoin mining operations is from sources that create zero carbon emissions.

Michel Amar, CEO of Digihost, commented,

“Our long-term vision and business strategy is to expand our operations and evolve as a leader in the blockchain technology sector. While cryptocurrency mining is one application of blockchain technology, the blockchain sector as a whole is a monumental leap forward in information transparency, security, and decentralization.”

Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.

Digihost Technology Inc. (DGHI) is down 3.33 per cent on the day, trading at $2.32 per share as of 11:02 am ET.

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