Digihost Technology Inc. (V:DGHI)
Business Focus: Blockchain & Cryptocurrency (NEC)
| Sector: Technology | Industry: Blockchain & Cryptocurrency |
| Company Contact | |
| Address: | 110 Yonge Street, Suite 1601 TORONTO ON M5C 1T4 |
| Tel: | N/A |
| Website: | https://digihost.ca |
| IR: | See website |
| Key People | ||
| Michel Amar Chairman of the Board, Chief Executive Officer | Alec Amar President, Director | Paul Ciullo Chief Financial Officer |
| Business Overview |
| Digihost Technology Inc. is a Canada-based blockchain technology and computer infrastructure company. The Company is engaged in cryptocurrency mining. The operations of the Company are located in two geographic locations: Canada and the United States. The Company focuses on its network development, hosting, and mining operations supported by renewable and sustainable energy. The 90% of the energy consumed by the Company is from sources that create zero-carbon emissions, while 50% of the energy consumed is being generated from renewable energy sources. The Company operate its own power generation facilities, which focuses on using bridge power sources where available for low-carbon or renewable sources of energy by creating applications for existing power supplies and transforming the way power is used and the way blockchain is applied. The Company operates approximately 60-megawatt (MW) power plant in North Tonawanda, New York State. It operates from three sites in the United States. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Digihost Technology Inc revenues increased 8% to $26.1M. Net loss totaled $21.9M vs. income of $4.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Revaluation of warrant liabilities decrease from $32M (income) to $4.5M (expense), Foreign exchange gain (loss) increase from $4M (income) to $1.4M (expense). |
| Employees: | 13 as of Dec 31, 2020 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $48.59M as of Dec 31, 2023 |
| Annual revenue (TTM): | $35.96M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.18M as of Dec 31, 2023 |
| Net annual income (TTM): | -$30.14M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3.70M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.39M as of Dec 31, 2023 |
| Shares outstanding: | 58,215,822 as of Mar 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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