DigiHost Technology (HSSHF) Stock Rockets 80% in 4 Sessions: But Why?

The DigiHost Technology Inc (OTCMKTS:HSSHF) stock has been in the middle of a rollicking rally since this Tuesday and has managed to deliver gains of 80% since. This morning the stock has continued to rise and jumped by 33.80% so far.

DigiHost Technology (HSSHF) Stock Rockets 80% in 4 Sessions: But Why?

Although there has been no news about the company this week, the rally could be traced to the announcement of DigiHost’s financial results for the year ended on December 31, 2020 at the beginning of May.

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The company managed to generate revenues of $3.55 million from cryptocurrency mining activities and the total comprehensive losses for the year came in at $3.09 million. On the other hand, the working capital with DigiHost at the end of the year actually went up to $1.65 million. The total mining output from the cryptocurrencies which were freshly minted by the company in 2020 amounted to 335 Bitcoin in value. At the end of the year, the balance stood at 154 Bitcoin.

Jack Dawkins

Finance and Tech Contributor