Digihost Technology Inc (TSE:DGHI) has released an update.
Digihost Technology Inc. has reported a record-breaking revenue of $12.9 million for the first quarter of 2024, a significant 216% increase from the previous year, along with an EBITDA of $8.9 million, demonstrating a substantial growth of 255%. This financial upturn marks the company’s highest ever quarterly revenue, fueled by diversification of revenue streams and strategic partnerships. The company also turned around its net income position, with a reported net income of $4.84 million compared to a net loss in the same quarter of the previous year.
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