Digihost’s cash balance swells; substantial revenue growth expected in Q1

Digihost Technology ( NASDAQ: DGHI ) produced around 35 BTC in December, compared to 37 produced in the previous month. The energy infrastructure company generated around $3.4M in revenue for the month, representing a 21% year-over-year increase. It held cash, BTC and cash deposits of ~$10M as of Dec. 31, 2024, as compared to $2.3M on Dec. 31, 2023, and invested ~$0.5M in capital expenditures, mining infrastructure support equipment, and deposits, bringing total fiscal year 2024 CAPEX deployment to a total of ~$5.5M. Currently, Digihost ( DGHI ) operates with around 100MW of available power across its three sites and has access to an additional 300MW of allocated power for future development. One of its flagship plants was temporarily taken offline earlier in the quarter for scheduled multi-year maintenance and is expected to resume operations in the first week of January. The full utilization of this power capacity is projected to drive substantial revenue growth beginning in Q1, 2025. DGHI shares were up 5.3% premarket on Thursday. More on Digihost Technology Digihost Technology Inc. 2024 Q3 - Results - Earnings Call Presentation Digihost Technology Inc. (DGHI) Q3 2024 Earnings Call Transcript NANO Nuclear, Digihost look to support New York’s energy plan Digihost mines 37 bitcoin in November Seeking Alpha’s Quant Rating on Digihost Technology