Bitcoin mining company Digihost has revenue of $12.96 million in Q1, and the digital currency is worth $2.9 million

Bitcoin mining company Digihost has released its unaudited financial performance summary for the quarter ended March 31, 2024. The first quarter revenue was $12.96 million, an increase of 216% from $4.1 million in the first quarter of 2023. Net profit was $4.84 million, an increase of 153% from a net loss of $9.09 million in the first quarter of 2023. Total assets were $41.24 million, with a digital currency value of $2.9 million, an increase of 254% from the first quarter of 2023.