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Digihost Restates Financials to Correct Asset Sale Classification

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Digihost Restates Financials to Correct Asset Sale Classification

An update from Digihost Technology ( (TSE:DGHI) ) is now available.

Digihost Technology Inc. announced the restatement of its financial statements for the fiscal years 2022 and 2023, following a review by the SEC. The restatement corrects a material error in the classification of proceeds from the sale of digital assets, which were previously categorized as cash flow from operating activities but should be classified as cash flow from investing activities. This adjustment does not impact the company’s operations, business, or financial performance, nor does it affect the overall cash position or net cash flows.

More about Digihost Technology

Digihost Technology Inc. is an innovative energy infrastructure company that develops cutting-edge data centers.

YTD Price Performance: -20.38%

Average Trading Volume: 599,758

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $42.49M

For detailed information about DGHI stock, go to TipRanks’ Stock Analysis page.

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