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Digihost Technology (DGHI)
NASDAQ:DGHI
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.15Last Year’s EPS
-$0.23Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2024
|% Change Since: 1.67%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with substantial revenue growth and diversification into colocation services and energy sales. However, this was somewhat offset by a decrease in digital mining revenue and operational downtime due to maintenance. Overall, the company is positioned well for future growth amidst challenges.Company Guidance
In the third quarter of 2024, Digihost reported significant growth and strategic developments. The company's revenue surged by 104% year-over-year, reaching $31.4 million for the nine months ending September 30, 2024, driven by expanding their megawatt footprint and strengthening partnerships with prominent U.S.-based Bitcoin miners. The adjusted EBITDA for the year stood at $3 million, with a positive $5.5 million EBITDA showing a 3.5x increase from the previous year. Digihost's energy infrastructure strategy has led to a consolidated power capacity of approximately 100 megawatts, with a mining hash rate of 3 EH, and plans to expand this capacity significantly in the coming months. Looking forward, the company aims to enhance its high-performance computing capabilities, expecting high-performance computing to be a primary value driver for its power assets. Additionally, Digihost is advancing infrastructure at its Colombiana, Alabama plant, aiming to expand capacity from 22 megawatts to 55 megawatts, and anticipates regulatory approval in New York to double its capacity from 60 megawatts to 120 megawatts.Revenue Growth and Expansion
Revenue grew 104% year-over-year to $31.4 million for the 9 months ended September 30, 2024. Expansion of megawatt footprint and colocation agreements with U.S.-based Bitcoin miners are expected to drive future growth.
Positive EBITDA Increase
EBITDA for the 9 months ended September 2024 was $5.5 million positive, representing a nearly 3.5x increase compared to the same period in 2023.
Successful Colocation Service Launch
Colocation service segment produced revenue of $10.7 million in fiscal year 2024, compared to $0 in 2023, highlighting a successful entry into a new revenue stream.
Energy Sales Growth
Energy sales segment produced $10.3 million in revenue, up from $1.7 million in the same period in 2023, utilizing behind-the-meter generation bidding programs.
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DGHI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DGHI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $1.80 | $1.87 | +3.89% |
| Aug 15, 2024 | $1.13 | $1.16 | +2.65% |
| May 14, 2024 | $1.33 | $1.32 | -0.75% |
| Apr 03, 2024 | $1.47 | $1.55 | +5.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Digihost Technology (DGHI) report earnings?
Digihost Technology (DGHI) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Digihost Technology (DGHI) earnings time?
Digihost Technology (DGHI) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DGHI EPS forecast?
DGHI EPS forecast for the fiscal quarter 2024 (Q4) is -$0.15.
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