{"id":744484,"date":"2023-04-03T05:03:14","date_gmt":"2023-04-03T09:03:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/digihost-announces-2022-year-end-financial-results-and-provides-operational-update\/"},"modified":"2023-04-03T05:03:14","modified_gmt":"2023-04-03T09:03:14","slug":"digihost-announces-2022-year-end-financial-results-and-provides-operational-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/digihost-announces-2022-year-end-financial-results-and-provides-operational-update\/","title":{"rendered":"Digihost Announces 2022 Year End Financial Results and Provides Operational Update"},"content":{"rendered":"
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\n This news release constitutes a \u201cdesignated news release\u201d for the purposes of the Company\u2019s prospectus supplement dated March 4, 2022 to its short form base shelf prospectus dated February 23, 2022.<\/em>\n <\/p>\n

HOUSTON, April 03, 2023 (GLOBE NEWSWIRE) — Digihost Technology Inc. (\u201cDigihost<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S.-based blockchain technology and computer infrastructure company, is pleased to provide a summary of the Company\u2019s audited financial results for the year ended December 31, 2022 (all amounts in U.S. dollars, unless otherwise indicated), and a 2023 year-to-date update on operations. The Company\u2019s audited financial statements and management\u2019s discussion and analysis (\u201cMD&A<\/strong>\u201d) for the year ended December 31, 2022 have been filed and made accessible under the Company\u2019s continuous disclosure profile on EDGAR at www.sec.gov\/edgar<\/a> and on SEDAR at www.sedar.com<\/a>.<\/p>\n

Michel Amar, Chairman and CEO of Digihost, commented, \u201cWe are very pleased to report that, despite a challenging economy, the Company has reported positive earnings per share for 2022. During the past year we acquired and successfully completed the build-out of our new mining facility in Alabama, worked to optimize existing operations, and improved our financial flexibility by significantly reducing debt on our balance sheet. With the Company\u2019s recently completed acquisition of a 60 MW power plant in North Tonawanda, NY, Digihost is well positioned to substantially increase its hashing power in 2023. The Company continues to seek out strategic opportunities to grow its computing power through access to clean and renewable sources of power, consistent with Digihost\u2019s stated objective of fostering environmentally and socially responsible development.\u201d<\/p>\n

\n Highlights the year ended December 31 Fiscal 2022 are as follows:<\/strong>\n <\/p>\n