07:34 AM EDT, 05/14/2024 (MT Newswires) -- Digihost Technology ( DGHI ) , a US-based blockchain technology and computer infrastructure company, said Tuesday that it swung to first-quarter earnings of US$4.8 million ($6.6 million), or US$0.17 per share, from a loss of US$9.1 million, or US$0.32 per share, a year earlier.

Revenue for the quarter ended March 31 was US$13 million, up 216% from US$4.1 million a year ago.

EBITDA for Q1 was US$8.9 million, as compared with an EBITDA loss of US$5.7 million a year earlier.

Digihost ( DGHI ) now plans to continue diversifying its mining operation while accessing clean sources of energy. The company plans to execute this plan by expanding its current operational footprint in New York and Alabama and is working toward accessing power and building infrastructure in other locations by the end of 2024.

This would reflect an increase in the company's hashing power by about 4EH.