Digihost Technology Rebrands as Digi Power X to Reflect Strategic Shift

Digi Power X Inc., previously known as Digihost Technology Inc., has announced a rebranding to reflect its strategic shift towards becoming an energy and AI infrastructure platform. The company aims to develop and operate power-optimized data centers, moving beyond its original focus on blockchain infrastructure. This transformation aligns with its mission to enhance energy efficiency in data management.

Digi Power X Inc. Rebrands from Digihost to Reflect Strategic Shift

Digi Power X Inc., previously known as Digihost Technology Inc., has rebranded to reflect its strategic shift towards becoming a broader energy and AI infrastructure platform. This announcement was made by Chairman and CEO Michel Amar. The company aims to expand beyond its original focus on blockchain infrastructure.

Crypto Crash Hits These 4 Blockchain Stocks—Is It Time to Buy?

The cryptocurrency market is experiencing a significant crash, impacting blockchain stocks, which are now trading at new 50-day lows. Despite the downturn, some investors see this as a buying opportunity. Stocks like Digihost Technology, Hut 8, Riot Platforms, and Iris Energy are highlighted, with analysts maintaining positive ratings and potential upsides ranging from 115% to over 200%. The overall sentiment suggests that these stocks may offer attractive entry points for investors looking to capitalize on emerging blockchain technology amidst current market volatility.

Digihost to restate financial statements; previously issued numbers to be adjusted.

Digihost Announces Restatement of Previously Issued Financial Statements | DGHI Stock News

Digihost Technology Inc. has announced the filing of an amended annual report with the SEC, restating financial statements for the fiscal years ended December 31, 2023, and 2022. The restatement corrects a material error in classifying proceeds from the sale of digital assets, which were previously categorized as cash flow from operating activities but should be classified as cash flow from investing activities. The restatement does not affect the company's overall cash position or net cash flows. Management is addressing a material weakness in internal control over financial reporting during the restatement periods.