Digihost Provides January 2025 Production Update
Digihost Technology (DGHI) has released its January 2025 production update, highlighting significant growth in its financial position. The company's total holdings reached $12.3 million as of January 31, 2025, marking a 232% increase year-over-year and a 23% increase from December 2024.
Monthly BTC production decreased by 17% to approximately 30 BTC due to voluntary load curtailment during high energy cost periods. The company invested $1.2 million in capital expenditures and infrastructure while maintaining zero debt.
Digihost currently operates with 100MW of available power across three sites and aims to expand to 200MW. The company is developing a Tier III data center in Columbiana, AL, with Phase I (22MW) expected to be operational in 2026 and Phase II (55MW) in early 2027. Additionally, Digihost has established a strategic partnership with NANO Nuclear Energy to integrate advanced nuclear energy technologies at its 60MW New York facility.
Digihost Technology (DGHI) ha rilasciato il suo aggiornamento sulla produzione di gennaio 2025, evidenziando una significativa crescita della sua posizione finanziaria. Le partecipazioni totali dell'azienda hanno raggiunto $12,3 milioni al 31 gennaio 2025, segnando un aumento del 232% rispetto all'anno precedente e un incremento del 23% rispetto a dicembre 2024.
La produzione mensile di BTC è diminuita del 17%, scendendo a circa 30 BTC a causa di una riduzione volontaria del carico durante i periodi di elevati costi energetici. L'azienda ha investito $1,2 milioni in spese in conto capitale e infrastrutture, mantenendo un debito pari a zero.
Digihost attualmente opera con 100MW di potenza disponibile su tre siti e mira ad espandersi a 200MW. L'azienda sta sviluppando un data center di livello III a Columbiana, AL, con la Fase I (22MW) prevista per essere operativa nel 2026 e la Fase II (55MW) all'inizio del 2027. Inoltre, Digihost ha stabilito una partnership strategica con NANO Nuclear Energy per integrare tecnologie avanzate di energia nucleare nella sua struttura di New York da 60MW.
Digihost Technology (DGHI) ha lanzado su actualización de producción de enero de 2025, destacando un crecimiento significativo en su posición financiera. Las tenencias totales de la empresa alcanzaron $12.3 millones al 31 de enero de 2025, marcando un aumento del 232% interanual y un incremento del 23% respecto a diciembre de 2024.
La producción mensual de BTC disminuyó un 17%, a aproximadamente 30 BTC, debido a la reducción voluntaria de carga durante los períodos de altos costos de energía. La empresa invirtió $1.2 millones en gastos de capital e infraestructura, mientras mantenía cero deuda.
Digihost actualmente opera con 100MW de potencia disponible en tres sitios y tiene como objetivo expandirse a 200MW. La empresa está desarrollando un centro de datos de Nivel III en Columbiana, AL, con la Fase I (22MW) prevista para estar operativa en 2026 y la Fase II (55MW) a principios de 2027. Además, Digihost ha establecido una asociación estratégica con NANO Nuclear Energy para integrar tecnologías avanzadas de energía nuclear en su instalación de Nueva York de 60MW.
Digihost Technology (DGHI)는 2025년 1월 생산 업데이트를 발표하며 재정적 위치에서의 상당한 성장을 강조했습니다. 회사의 총 보유액은 2025년 1월 31일 기준으로 $12.3백만에 도달했으며, 이는 전년 대비 232% 증가하고 2024년 12월 대비 23% 증가한 수치입니다.
BTC의 월간 생산량은 높은 에너지 비용 기간 동안 자발적인 부하 감소로 인해 30 BTC로 약 17% 감소했습니다. 회사는 자본 지출과 인프라에 $1.2백만을 투자했으며, 부채는 제로를 유지하고 있습니다.
Digihost는 현재 세 개의 사이트에서 100MW의 가용 전력을 운영하고 있으며, 200MW로 확장할 계획입니다. 이 회사는 앨라배마주 콜럼비아나에서 Tier III 데이터 센터를 개발 중이며, 1단계(22MW)는 2026년, 2단계(55MW)는 2027년 초에 가동될 예정입니다. 또한, Digihost는 뉴욕의 60MW 시설에 첨단 원자력 에너지 기술을 통합하기 위해 NANO Nuclear Energy와 전략적 파트너십을 체결했습니다.
Digihost Technology (DGHI) a publié sa mise à jour de production pour janvier 2025, mettant en avant une croissance significative de sa position financière. Les avoirs totaux de l'entreprise ont atteint 12,3 millions $ au 31 janvier 2025, marquant une augmentation de 232 % par rapport à l'année précédente et une augmentation de 23 % par rapport à décembre 2024.
La production mensuelle de BTC a diminué de 17 %, atteignant environ 30 BTC en raison d'une réduction volontaire de la charge pendant les périodes de coûts énergétiques élevés. L'entreprise a investi 1,2 million $ dans des dépenses d'investissement et des infrastructures tout en maintenant une dette nulle.
Digihost opère actuellement avec 100 MW de puissance disponible sur trois sites et vise une expansion à 200 MW. L'entreprise développe un centre de données de niveau III à Columbiana, AL, avec une Phase I (22 MW) prévue pour être opérationnelle en 2026 et une Phase II (55 MW) au début de 2027. De plus, Digihost a établi un partenariat stratégique avec NANO Nuclear Energy pour intégrer des technologies avancées d'énergie nucléaire dans sa structure de New York de 60 MW.
Digihost Technology (DGHI) hat sein Produktionsupdate für Januar 2025 veröffentlicht und auf erhebliches Wachstum seiner finanziellen Lage hingewiesen. Der Gesamtbestand des Unternehmens beträgt zum 31. Januar 2025 12,3 Millionen $, was einem Anstieg von 232 % im Jahresvergleich und einem Anstieg von 23 % im Vergleich zu Dezember 2024 entspricht.
Die monatliche BTC-Produktion sank aufgrund von freiwilliger Lastreduzierung in Zeiten hoher Energiekosten um 17 % auf etwa 30 BTC. Das Unternehmen investierte 1,2 Millionen $ in Investitionsausgaben und Infrastruktur und blieb schuldenfrei.
Digihost betreibt derzeit mit 100 MW verfügbarer Leistung an drei Standorten und plant eine Expansion auf 200 MW. Das Unternehmen entwickelt ein Tier-III-Datenzentrum in Columbiana, AL, dessen Phase I (22 MW) voraussichtlich 2026 betriebsbereit sein wird und Phase II (55 MW) Anfang 2027. Darüber hinaus hat Digihost eine strategische Partnerschaft mit NANO Nuclear Energy geschlossen, um fortschrittliche Kernenergie-Technologien in seine 60-MW-Einrichtung in New York zu integrieren.
- Total holdings increased 232% YoY to $12.3 million
- Zero debt position maintained
- Expansion plans from 100MW to 200MW power capacity
- Strategic partnership with NANO Nuclear Energy for sustainable power solutions
- 17% decrease in monthly BTC production vs December 2024
- $1.2 million capital expenditure in January
Insights
The January 2025 performance metrics reveal a compelling financial narrative for Digihost. The 232% year-over-year increase in total holdings to
The company's zero-debt position, combined with
- Enhanced flexibility for opportunistic acquisitions
- Reduced financial risk during market downturns
- Greater ability to self-fund growth initiatives
The planned Tier III data center development, with Phase I (
Digihost's energy infrastructure strategy exhibits exceptional sophistication in balancing operational efficiency with grid reliability. The voluntary load curtailment during high-cost periods demonstrates advanced power management capabilities that:
- Reduce operational costs during peak pricing
- Generate additional revenue through grid stabilization programs
- Strengthen relationships with utility providers
The strategic partnership with NANO Nuclear Energy for the 60MW New York facility represents a pioneering move in the mining industry. This collaboration could revolutionize the company's power cost structure while achieving zero-emission operations, potentially creating a sustainable competitive advantage in an increasingly ESG-focused market.
The planned expansion from 100MW to 200MW power capacity, coupled with the development of a Tier III data center, positions Digihost at the forefront of next-generation computing infrastructure. The phased approach to the Alabama facility demonstrates careful capacity planning and risk management, while the focus on High-Performance Computing applications suggests a strategic pivot toward higher-value computing services.
MIAMI, Feb. 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 January 31, 2025, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated.
Monthly Production Highlights for January 2025
- On a year over year basis, the Company’s cash, BTC and cash deposits of approximately
$12.3 million as of January 31, 2025, as compared to$3.7 million on January 31, 2024 (based on a BTC price of$102,405 as of January 31, 2025 and$42,758 as of January 31, 2024, per CoinMarketCap), represents a232% increase in its total holdings position balance. - The Company held cash, BTC and cash deposits of approximately
$12.3 million as of January 31, 2025, as compared to$10.0 million on December 31, 2024 (based on a BTC price of$102,405 as of January 31, 2025 and$93,429 as of December 31, 2024, per CoinMarketCap), representing a23% increase in its total holdings position balance. - Miners at the Company’s facilities produced approximately 30 BTC during the month between self-mining and hosting agreements, representing a decrease in
17% versus December 2024. This decrease is due to Digihost’s decision to actively participate in load curtailment for approximately seven days due to the high energy costs associated with the weather conditions at the Company’s locations in the month of January. By contributing and performing in these load reduction programs, the Company has seen a reduction in its BTC mining costs, in addition to being able to provide crucial grid reliability to surrounding electric consumers. - The Company invested approximately
$1.2 million in January on capital expenditures, mining infrastructure support equipment, and deposits. 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, and still retaining a clean balance sheet with zero 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.
As part of its long-term strategy, Digihost remains committed to its three core business pillars:
- Acquiring Power Assets – The Company continues to expand its power infrastructure, ensuring a reliable and scalable energy foundation for its operations.
- Providing a Competitive Platform for Colocation and Self-Mining – By leveraging its infrastructure, Digihost offers cost-effective power solutions for digital asset miners while optimizing internal mining capacity.
- Maximizing the Highest and Best Use of Energy – With a strong focus on high-margin High-Performance Computing (“HPC”) applications, the Company is positioning itself at the forefront of next-generation computing and data processing.
Tier III HPC Data Center Update
The Company is also pleased to provide an update on its Tier III data center conversion in Columbiana, AL. Digihost is currently working with multiple contractors to finalize the existing site plans and is actively collaborating with local municipalities to ensure a smooth permit approval process. The Company remains on track with its development timeline, with an anticipated ~
Collaboration with Nano Nuclear Energy
Digihost continues to advance its commitment to sustainability and innovation in energy solutions. In December 2024, the Company formalized a strategic Memorandum of Understanding (“MOU”) with NANO Nuclear Energy to integrate advanced nuclear energy technologies at its 60MW New York power facility. Digihost is committed to achieving net-zero carbon emissions, and its partnership with NANO Nuclear Energy is a key step toward this goal. Through this collaboration, Digihost aims to integrate advanced nuclear energy solutions across its operations, securing a long-term, zero-emission power supply. Beyond the initial MOU, both companies are actively exploring additional opportunities to expand nuclear energy integration, reinforcing Digihost’s desire to be a leader in sustainable digital asset mining.
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.
FAQ
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