Digihost(DGHI)
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Digihost(DGHI) - 2023 Q3 - Quarterly Report
2023-08-15 11:00
Exhibit 99.1 DIGIHOST TECHNOLOGY INC. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022 (EXPRESSED IN UNITED STATES DOLLARS) (UNAUDITED) Digihost Technology Inc. Condensed Interim Consolidated Statements of Financial Position (Expressed in United States Dollars) (Unaudited) | | As at | | | As at | | --- | --- | --- | --- | --- | | | September 30, | | | December 31, | | | 2023 | | | 2022 | | ASSETS | | | | | | Current assets | | | | | | Cash | ...
Digihost(DGHI) - 2023 Q2 - Quarterly Report
2023-06-30 21:03
Exhibit 99.1 DIGIHOST TECHNOLOGY INC. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (EXPRESSED IN UNITED STATES DOLLARS) (UNAUDITED) Digihost Technology Inc. Condensed Interim Consolidated Statements of Financial Position (Expressed in United States Dollars) (Unaudited) | | As at | | | As at | | --- | --- | --- | --- | --- | | | June 30, | | | December 31, | | | 2023 | | | 2022 | | ASSETS | | | | | | Current assets | | | | | | Cash | $ 292,100 ...
Digihost(DGHI) - 2022 Q4 - Annual Report
2023-07-13 16:00
OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Digihost(DGHI) - 2023 Q1 - Quarterly Report
2023-05-14 16:00
Exhibit 99.1 DIGIHOST TECHNOLOGY INC. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2022 (EXPRESSED IN UNITED STATES DOLLARS) (UNAUDITED) Digihost Technology Inc. Condensed Interim Consolidated Statements of Financial Position (Expressed in United States Dollars) (Unaudited) | | | | As at | | --- | --- | --- | --- | | | As at | | December | | | March 31, | | 31, | | | 2023 | | 2022 | | ASSETS | | | | | Current assets | | | | | Cash | $ 821,839 | $ | 1,850, ...
Digihost(DGHI) - 2022 Q3 - Quarterly Report
2022-11-14 16:00
Exhibit 99.1 DIGIHOST TECHNOLOGY INC. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2022 AND 2021 (EXPRESSED IN UNITED STATES DOLLARS) (UNAUDITED) Notice to Reader The unaudited condensed interim consolidated financial statements for the comparative period ended September 30, 2021 have not been reviewed by the Company's auditors. Nature of operations (note 1) Digihost Technology Inc. Condensed Interim Consolidated Statements of Financial Position | --- ...
Digihost(DGHI) - 2022 Q2 - Quarterly Report
2022-08-16 16:00
| --- | --- | |-------------------------------------------------------------|----------------| | | Exhibit 99.1 | | DIGIHOST TECHNOLOGY INC. | | | CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS | | | FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2022 AND 2021 | | | (EXPRESSED IN UNITED STATES DOLLARS) (UNAUDITED) | | Notice to Reader The unaudited condensed interim consolidated financial statements for the comparative period ended June 30, 2021 have not been reviewed by the Company's auditors. | --- | -- ...
Digihost(DGHI) - 2022 Q1 - Quarterly Report
2022-05-16 16:00
Revenue and Income - Revenue from digital currency mining for the three months ended March 31, 2022, was $7,312,342, representing a 53% increase from $4,767,075 in the same period of 2021[7] - The company reported a net income of $59,498 for the period, a decrease from $72,957 in the same period of 2021[7] - Operating income for the three months ended March 31, 2022, was $512,644, compared to $228,269 in the same period of 2021, indicating a significant improvement[7] - The company reported a total comprehensive income of $385,936 for the period, a significant decrease from $5,910,974 in the same period of 2021[7] - The total comprehensive loss for the period was $5,910,974, driven by various operational costs and losses[11] - For the three months ended March 31, 2022, the net income was $59,498, a decrease of 18% compared to $72,957 for the same period in 2021[63] - The total comprehensive loss for the three months ended March 31, 2022, was $956,566, down from $1,262,568 in the same period of 2021, reflecting a reduction of about 24%[69] Assets and Liabilities - Total current assets increased to $50,276,229 as of March 31, 2022, compared to $36,216,005 as of March 31, 2021, reflecting a growth of 39%[4] - Total assets reached $97,396,015 as of March 31, 2022, up from $80,026,875 in the previous year, marking a 22% increase[4] - Total liabilities increased to $17,753,365 as of March 31, 2022, from $9,822,106 in the previous year, representing an increase of 80%[4] - As of March 31, 2022, total shareholders' equity was $79,642,650, with share capital amounting to $61,151,235[11] - The company’s total assets as of March 31, 2022, were not explicitly stated but can be inferred from the equity and liabilities[11] Cash and Investments - Cash at the end of the period was $8,180,252, down from $13,190,446 at the end of the same period in 2021[10] - As of March 31, 2022, Digihost Technology Inc. holds digital currencies valued at $39,536,888, an increase from $33,491,986 as of December 31, 2021, representing a growth of approximately 18.3%[21] - The company mined 178 Bitcoin during the first quarter of 2022, contributing to a total Bitcoin balance of 796, with a value of $36,252,328[21] - The total amount receivable from the Miner Lease Agreement increased to $1,751,017 as of March 31, 2022, compared to $911,200 at the end of 2021, reflecting a growth of 92.5%[23] - The total digital assets held as current assets amounted to $21,324,706 as of March 31, 2022[21] Shareholder Equity and Capital - Share capital increased to $61,151,235 as of March 31, 2022, from $54,863,819 in the previous year, showing a growth of 11%[4] - The company completed private placements totaling 2,729,748 shares, raising $9,368,139 in capital[11] - The company closed a private placement on March 9, 2022, raising gross proceeds of $10,424,453 (CAD$13,330,861) by issuing 2,729,748 subordinate voting shares at CAD$4.40 each[41] - The total number of warrants outstanding as of March 31, 2022, was 10,124,330 with an average exercise price of CAD$7.12[47] - The company granted 1,449,250 restricted share units (RSUs) during the three months ended March 31, 2022, with a grant date fair value of $5,725,262[61] Expenses and Costs - The company incurred a gross profit of $581,292 for the three months ended March 31, 2022, compared to $2,108,135 in the same period of 2021, reflecting a decline[7] - Share-based compensation for the period amounted to $764,390, indicating ongoing investment in employee incentives[11] - Share-based compensation expense for the period was $764,390, compared to $1,165,542 in the same period of 2021, indicating a decrease of approximately 34%[69] - The company reported net financial expenses of $84,375 for interest on loans, a decrease from $96,134 in the previous year[69] Market and Currency Exposure - The balance of digital currency revaluation reserve was $3,085,863, reflecting the company's exposure to cryptocurrency fluctuations[11] - A total revaluation loss of $698,800 was recorded for digital assets due to market price fluctuations, net of taxes of $78,039[21] - The company has not hedged the conversion of any of its sales of digital currencies, exposing it to market price fluctuations[82] - As of March 31, 2022, a 10% change in the market price of the company's Bitcoin and Ethereum holdings would result in a corresponding asset value change of approximately $3,953,689[84] Operational and Structural Information - Digihost Technology Inc. operates in the cryptocurrency mining sector, indicating a focus on blockchain technology[12] - The company entered into a $10,000,000 collateralized revolving credit facility with Securitize, Inc., fully drawn as of March 31, 2022, with an interest rate of 7.5% per annum[29] - The company manages its capital structure to ensure it can continue as a going concern and provide returns to shareholders, with no externally imposed capital requirements[85]
Digihost(DGHI) - 2021 Q4 - Earnings Call Transcript
2022-03-29 02:41
Digihost Technology Inc. (NASDAQ:DGHI) Q4 2021 Earnings Conference Call March 28, 2022 2:30 PM ET Company Participants Donald Christie - COO Michel Amar - Chairman and CEO Conference Call Participants Kevin Dede - H.C. Wainwright Operator Good day ladies and gentlemen, and welcome to Digihost Technology Inc. 2021 Earnings Conference Call. [Operator Instructions] Also note that the call is being recorded on March 28, 2022. And now I would like to turn the conference over to Mr. Donald Christie. Please go ahe ...