New High Ahead? Digihost Technology Inc (OTCMKTS:HSSHF)

Digihost Technology Inc (OTCMKTS:HSSHF) continues to move higher and up 145% over the past 2-week.

Market Action

As of 1:16, HSSHF stock has moved up by 11.76% to $2.47. So far more than 552K shares have traded hands, compared to its average volume of 536K shares.  The stock has moved in a range of 2.2000 – 2.5600 after opening at $2.20.

HSSHF Released News This Week

Digihost Announces Record Results for the First Quarter of 2021

  • Record high total comprehensive income of $5.9 million reported in 2021, compared to a total comprehensive loss of $0.76 million in 2020, an increase of 872%;
  • Revenue from digital currency mining increased by 469% to $4.8 million in 2021 compared to $0.8 million in 2020;
  • Gross profit margin increased to 44% in 2021 compared to a gross loss margin of 13% in 2020, an increase in gross margin of 57%;
  • The weighted average shares outstanding in 2021 were 44,313,754 compared to 20,257,016 in 2020.
  • Cash balance of $13.19 million in 2021 compared to $0.03 million in 2020, an increase of $13.16 million;
  • Digital currencies balance of $15.16 million in 2021, comprised of 260 Bitcoins, compared to $4.51 million in 2020, comprised of 154 Bitcoins, an increase of $10.65 million and 106 Bitcoins;
  • Total assets of $43.54 million in 2021 compared to $16.52 million in 2020, an increase of $27.02 million;

Michel Amar commented: “Our long-term vision and business strategy is to expand our operations and evolve as a leader in the blockchain technology sector. While cryptocurrency mining is one application of blockchain technology, the blockchain sector as a whole is a monumental leap forward in information transparency, security, and decentralization.

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