HOUSTON, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Digihost Technology Inc. ("Digihost" or the "Company") (Nasdaq / TSXV:DGHI), an innovative U.S. based blockchain technology and computer infrastructure company, is pleased to provide a summary of the Company's unaudited financial results for the second quarter ended June 30, 2024 (all amounts in U.S. dollars, unless otherwise indicated) and a 2024 year-to-date update on its operations. The Company's unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the six-month period ended June 30, 2024 have been filed and made accessible under the Company's continuous disclosure profile on SEDAR+ at www.sedarplus.ca and also on EDGAR at www.sec.gov/edgar. Comparative Financial Highlights for the Three-Month Period Ended June 30, 2024: Revenue of $9.23 million for the three-month period ended June 30, 2024, compared to $5.87 million for the three-month period ended June 30, 2023, representing an increase of 57%, as the price of Bitcoin ("BTC") increased in comparison to the prior year and the Company diversified its revenue verticals through various colocation agreements and the sale of energy; Revenue from the sale of energy increased by approximately 123% in comparison to the second quarter of 2023; Total assets of $41.16 million; Property, plant, and equipment consisting primarily of the Company's Bitcoin miners and mining support infrastructure of $28.77 million; Digital currencies of $2.60 million, representing an increase of 68% over Q2 2023; During the quarter, the Company spent approximately $1.7 million on capital expenditures and mining infrastructure support equipment. Digihost continues to monitor its capital expenditures closely with self-funding. (U.S.$ in thousands except share and per share data) Six Months Ended   June 30,2024 June 30,2023 Revenue from digital currency mining 9,779 9,165 Revenue from colocation services 3,637 - Revenue from sale of electricity 6,283 - Revenue from sale of energy 2,490 809 Cost of sales (17,176) (6,222) Miner lease and hosting agreement - (639) Depreciation and amortization (7,903) (6,289) Gross loss (2,890) (3,176) General and administrative and other expenses (2,262) (2,180) Foreign exchange 2,003 (1,322) Gain on disposition ...