NEWS
Digihost Announces 26% Increase in Month-Over-Month Revenue and Provides November 2024 Production Update
Digihost Technology (Nasdaq/TSXV: DGHI) reported its November 2024 production results, highlighting a 26% month-over-month revenue increase. The company held approximately $10.0 million in cash, BTC, and deposits as of November 30, 2024, marking an 11% monthly increase. Miners produced about 37 BTC during November. The company invested $0.4 million in capital expenditures, bringing year-to-date CAPEX to $5 million. Digihost operates with 100MW of available power across three sites, with access to an additional 300MW for future development. A flagship plant is temporarily offline for maintenance, expected to resume by December 2024.
Digihost Technology (Nasdaq/TSXV: DGHI) reported its November 2024 production results, highlighting a 26% month-over-month revenue increase. The company held approximately $10.0 million in cash, BTC, and deposits as of November 30, 2024, marking an 11% monthly increase. Miners produced about 37 BTC during November. The company invested $0.4 million in capital expenditures, bringing year-to-date CAPEX to $5 million. Digihost operates with 100MW of available power across three sites, with access to an additional 300MW for future development. A flagship plant is temporarily offline for maintenance, expected to resume by December 2024.
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