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$Digihost Technology (DGHI.US)$ NEWS Digihost Announces Reco...
NEWS
Digihost Announces Record Revenue and $8.9m EBITDA* for Q1 2024
Positive
Record revenue of $12.9 million in Q1 2024, a 216% increase from Q1 2023.
EBITDA of $8.9 million, representing a 255% increase over Q1 2023.
Net income of $4.84 million compared to a net loss of $9.09 million in Q1 2023.
Digital currencies valued at $2.9 million, an increase of 254% from Q1 2023.
Positive working capital balance, indicating good liquidity.
No dilution from the expiration of 1.87 million warrants.
Plans for expansion with additional 4EH in hashing power by the end of 2024.
Negative
Cost of sales increased to $8.99 million from $2.69 million in Q1 2023.
Depreciation and amortization expenses rose to $3.95 million from $3.22 million.
General and administrative expenses slightly increased to $970,000 from $924,000.
Net financial expenses, though lower, still present at $10,000.
Positive
Record revenue of $12.9 million in Q1 2024, a 216% increase from Q1 2023.
EBITDA of $8.9 million, representing a 255% increase over Q1 2023.
Net income of $4.84 million compared to a net loss of $9.09 million in Q1 2023.
Digital currencies valued at $2.9 million, an increase of 254% from Q1 2023.
Positive working capital balance, indicating good liquidity.
No dilution from the expiration of 1.87 million warrants.
Plans for expansion with additional 4EH in hashing power by the end of 2024.
Negative
Cost of sales increased to $8.99 million from $2.69 million in Q1 2023.
Depreciation and amortization expenses rose to $3.95 million from $3.22 million.
General and administrative expenses slightly increased to $970,000 from $924,000.
Net financial expenses, though lower, still present at $10,000.
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