Digihost Provides February 2025 Production Update, Including Record Energy Revenue and 38% Increase in Total Monthly Revenue, and Announces Appointment of New Director
Digihost Technology (DGHI) reported strong financial results for February 2025, achieving record energy revenue of $2.2 million, a 633% increase from January. The company's total monthly revenue reached $4.7 million, marking a 38% increase from January 2025.
The company maintained steady Bitcoin production of approximately 30 BTC, while demonstrating revenue diversification with 53% from mining and 47% from energy sales. Cash and BTC holdings totaled $10.1 million as of February 28, 2025, representing a 159% year-over-year increase despite a 20% monthly decrease due to BTC price decline and capital investments.
Digihost invested $2.5 million in infrastructure and announced plans to expand from 100MW to 200MW across its three sites. The company also formed US Data Centers subsidiary to develop AI and HPC-focused data centers, with groundbreaking planned for Q2 2025 in Columbiana, Alabama. Additionally, Dennis Elsenbeck, an energy industry veteran, was appointed to the board of directors.
Digihost Technology (DGHI) ha riportato risultati finanziari solidi per febbraio 2025, raggiungendo un fatturato energetico record di 2,2 milioni di dollari, con un aumento del 633% rispetto a gennaio. Il fatturato mensile totale dell'azienda ha raggiunto 4,7 milioni di dollari, segnando un incremento del 38% rispetto a gennaio 2025.
L'azienda ha mantenuto una produzione costante di Bitcoin di circa 30 BTC, dimostrando una diversificazione delle entrate con il 53% proveniente dal mining e il 47% dalle vendite di energia. Le disponibilità di liquidità e BTC ammontavano a 10,1 milioni di dollari al 28 febbraio 2025, rappresentando un aumento del 159% rispetto all'anno precedente, nonostante una diminuzione mensile del 20% a causa del calo del prezzo del BTC e degli investimenti di capitale.
Digihost ha investito 2,5 milioni di dollari in infrastrutture e ha annunciato piani per espandere la capacità da 100MW a 200MW nei suoi tre siti. L'azienda ha anche creato una sussidiaria, US Data Centers, per sviluppare centri dati focalizzati su AI e HPC, con l'inizio dei lavori previsto per il secondo trimestre del 2025 a Columbiana, Alabama. Inoltre, Dennis Elsenbeck, un veterano dell'industria energetica, è stato nominato nel consiglio di amministrazione.
Digihost Technology (DGHI) reportó resultados financieros sólidos para febrero de 2025, alcanzando ingresos energéticos récord de 2,2 millones de dólares, un aumento del 633% con respecto a enero. Los ingresos mensuales totales de la empresa alcanzaron 4,7 millones de dólares, marcando un incremento del 38% en comparación con enero de 2025.
La empresa mantuvo una producción constante de Bitcoin de aproximadamente 30 BTC, demostrando diversificación de ingresos con un 53% proveniente de la minería y un 47% de las ventas de energía. Los activos en efectivo y BTC totalizaban 10,1 millones de dólares al 28 de febrero de 2025, lo que representa un aumento del 159% interanual a pesar de una disminución mensual del 20% debido a la caída del precio del BTC y las inversiones de capital.
Digihost invirtió 2,5 millones de dólares en infraestructura y anunció planes para expandirse de 100MW a 200MW en sus tres sitios. La empresa también formó la subsidiaria US Data Centers para desarrollar centros de datos enfocados en IA y HPC, con el inicio de obras programado para el segundo trimestre de 2025 en Columbiana, Alabama. Además, Dennis Elsenbeck, un veterano de la industria energética, fue nombrado en la junta directiva.
Digihost Technology (DGHI)는 2025년 2월에 강력한 재무 실적을 보고하며, 기록적인 에너지 수익 220만 달러를 달성하였고, 이는 1월 대비 633% 증가한 수치입니다. 회사의 총 월간 수익은 470만 달러에 달해 2025년 1월 대비 38% 증가했습니다.
회사는 약 30 BTC의 비트코인 생산을 유지하면서, 수익 다각화를 보여주었습니다. 이 중 53%는 채굴에서, 47%는 에너지 판매에서 발생했습니다. 2025년 2월 28일 기준으로 현금 및 BTC 보유액은 1010만 달러에 달하며, 이는 전년 대비 159% 증가한 수치이나, BTC 가격 하락 및 자본 투자로 인해 월간 20% 감소했습니다.
Digihost는 인프라에 250만 달러를 투자하였고, 세 개의 사이트에서 100MW에서 200MW로 확장할 계획을 발표했습니다. 또한 AI 및 HPC 중심의 데이터 센터를 개발하기 위해 US Data Centers 자회사를 설립하였으며, 2025년 2분기 앨라배마주 콜럼비아나에서 기공식이 예정되어 있습니다. 추가로, 에너지 산업의 베테랑인 Dennis Elsenbeck가 이사회에 임명되었습니다.
Digihost Technology (DGHI) a rapporté de solides résultats financiers pour février 2025, atteignant des revenus énergétiques records de 2,2 millions de dollars, soit une augmentation de 633 % par rapport à janvier. Le chiffre d'affaires mensuel total de l'entreprise a atteint 4,7 millions de dollars, marquant une augmentation de 38 % par rapport à janvier 2025.
L'entreprise a maintenu une production constante de Bitcoin d'environ 30 BTC, tout en montrant une diversification des revenus avec 53 % provenant du minage et 47 % des ventes d'énergie. Les liquidités et les avoirs en BTC totalisaient 10,1 millions de dollars au 28 février 2025, représentant une augmentation de 159 % par rapport à l'année précédente, malgré une baisse mensuelle de 20 % due à la chute du prix du BTC et aux investissements en capital.
Digihost a investi 2,5 millions de dollars dans des infrastructures et a annoncé des plans pour passer de 100MW à 200MW sur ses trois sites. L'entreprise a également formé une filiale, US Data Centers, pour développer des centres de données axés sur l'IA et le HPC, avec un début de construction prévu pour le deuxième trimestre de 2025 à Columbiana, Alabama. De plus, Dennis Elsenbeck, un vétéran de l'industrie énergétique, a été nommé au conseil d'administration.
Digihost Technology (DGHI) hat im Februar 2025 starke finanzielle Ergebnisse gemeldet und einen Rekordumsatz von 2,2 Millionen Dollar aus Energie erzielt, was einem Anstieg von 633% im Vergleich zu Januar entspricht. Der gesamte monatliche Umsatz des Unternehmens erreichte 4,7 Millionen Dollar, was einem Anstieg von 38% im Vergleich zu Januar 2025 entspricht.
Das Unternehmen hielt eine konstante Bitcoin-Produktion von etwa 30 BTC aufrecht und zeigte eine Diversifizierung der Einnahmen mit 53% aus dem Mining und 47% aus dem Energieverkauf. Die Bargeld- und BTC-Bestände beliefen sich zum 28. Februar 2025 auf 10,1 Millionen Dollar, was einem Anstieg von 159% im Jahresvergleich entspricht, trotz eines monatlichen Rückgangs von 20% aufgrund des Preisverfalls bei BTC und der Kapitalinvestitionen.
Digihost investierte 2,5 Millionen Dollar in Infrastruktur und kündigte Pläne an, von 100MW auf 200MW an seinen drei Standorten zu expandieren. Das Unternehmen gründete auch die Tochtergesellschaft US Data Centers, um KI- und HPC-fokussierte Rechenzentren zu entwickeln, mit einem Baubeginn, der für das zweite Quartal 2025 in Columbiana, Alabama, geplant ist. Darüber hinaus wurde Dennis Elsenbeck, ein Veteran der Energiebranche, in den Vorstand berufen.
- Record energy revenue of $2.2M, up 633% monthly
- Total monthly revenue increased 38% to $4.7M
- 159% YoY increase in cash and BTC holdings to $10.1M
- Zero long-term debt
- Successful revenue diversification (53% mining, 47% energy)
- $690,000 net profit from energy sales
- 20% monthly decrease in holdings due to BTC price decline
- $2.5M capital expenditure impact on cash reserves
- Flat month-over-month Bitcoin production
MIAMI, March 03, 2025 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq / TSXV: DGHI), an innovative energy infrastructure company that develops cutting-edge data centers, is pleased to provide unaudited comparative Bitcoin (“BTC”) production results for the month ended February 28, 2025, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated.
Monthly Production Highlights for February 2025
- The Company recognized a record amount of gross energy and power revenue of approximately
$2.2 million in February 2025 through the provision of capacity to market customers, representing a633% increase in gross energy and power revenue over January 2025. The net profit from energy and power sales of approximately$690,000 achieved in February 2025 will be utilized by Digihost to fund operations. - Miners at the Company’s facilities produced approximately 30 BTC during the month between self-mining and hosting agreements, which was in line with the monthly production of January 2025.
- The split of revenues for the month of February 2025, being approximately
53% from mining and47% from energy sales, demonstrates Digihost’s continued dedication to diversifying its revenue verticals when appropriate. - The Company’s February 2025 revenue of approximately
$2.7 million from mining (based on a BTC price of$84,373 as of February 28, 2025, per CoinMarketCap) and approximately$2.2 million from energy sales, for aggregate total revenue of$4.7 million , represents an increase in monthly revenue of approximately38% from January 2025. - On a year over year basis, the Company’s cash, BTC and cash deposits of approximately
$10.1 million as of February 28, 2025, as compared to$3.9 million on February 29, 2024 (based on a BTC price of$84,373 as of February 28, 2025 and$61,198 as of February 29, 2024, per CoinMarketCap), represents a159% increase in its total holdings position balance. - The Company held cash, BTC and cash deposits of approximately
$10.1 million as of February 28, 2025, as compared to$12.3 million on January 31, 2025 (based on a BTC price of$84,373 as of February 28, 2025, and$102,405 as of January 31, 2025, per CoinMarketCap). The decrease in the holdings on a month-over-month basis was due in part to the approximate20% decline in the price of BTC along with the investment outlays described below. - The Company apportioned approximately
$2.5 million in February 2025 on capital expenditures, mining infrastructure support equipment, deposits and required payments to ensure carbon compliance. This continued significant investment underscores Digihost’s commitment to long-term growth while maintaining a disciplined approach to capital allocation, prioritizing self-funding to minimize equity dilution for shareholders when possible, while still retaining a clean balance sheet with zero long-term debt to bolster the Company’s flexible capital deployment strategies.
Operations Update
Digihost currently operates with approximately 100MW of available power across its three sites and is working towards expansion to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic inorganic expansion through targeted power acquisitions.
Tier III HPC Data Center Update
Earlier this month, the Company announced the formation of US Data Centers, Inc. (“US Data Centers”), a wholly-owned subsidiary of the Company which will be dedicated to the development of high-performance computing (“HPC”) and artificial intelligence (“AI”)-focused data centers.
With the launch of US Data Centers, Digihost is creating a dedicated platform focused entirely on delivering AI and HPC solutions, ensuring purpose-built infrastructure for the next generation of computing. As its first major initiative, US Data Centers plans to lead the transformation of the Company’s existing site in Columbiana, Alabama into a state-of-the-art Tier 3 data center designed to support next-generation AI and HPC workloads. The Company plans to break ground on this strategy in Q2 2025.
Director Appointment
The Company is also pleased to announce the appointment of Dennis Elsenbeck to the board of directors of the Company (the “Board”), effective February 27, 2025. Mr. Elsenbeck fills a vacancy created by the resignation of Zhichao Li from the Board on February 10, 2025. The Company wishes to express its appreciation to Ms. Li for her contributions to the Company over the years as a member of the Board and the audit committee of the Board. Mr. Elsenbeck will replace Ms. Li as a member of the audit committee.
Mr. Elsenbeck is the principal owner of ElsEnergy LLC and brings over 30 years of experience and expertise in energy-related industries. He also holds the position as Head of Energy and Sustainability in an upstate New York law firm and was a former Director at National Grid’s US Operations, an electric and natural gas transmission and distribution utility.
Michel Amar, CEO of Digihost, announced, “We are very pleased to have Mr. Elsenbeck join Digihost’s board of directors. Dennis’ extensive energy industry expertise will be a great benefit to Digihost and its strategic efforts.”
The Company also advises that it has granted Mr. Elsenbeck 10,000 restricted stock units (“RSUs”), with each RSU entitling the holder to acquire one subordinate voting share of the Company on vesting. The RSUs are scheduled to vest in three equal tranches, on February 27, 2026, 2027 and 2028, subject to the terms and conditions of the Company’s Restricted Stock Unit Plan. The grant of the RSUs is subject to the approval of the TSX Venture Exchange.
About Digihost
Digihost is an innovative energy infrastructure company that develops cutting-edge data centers to drive the expansion of sustainable energy assets.
For further information, please contact:
Michel Amar, Chief Executive Officer
Digihost Technology Inc.
www.digihostpower.com
Digihost Investor Relations
T: 888-474-9222
Email: IR@digihostpower.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Except for the statements of historical fact, this news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about potential further improvements to profitability and efficiency across mining operations, including, as a result of the Company’s expansion efforts, potential for the Company’s long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; effects on Bitcoin prices as a result of the most recent Bitcoin halving; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company’s power plant; the digital currency market; the Company’s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about: the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
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