Digihost’s 5.5-Megawatt Community Solar Project Reaches Commercial Operation
Digihost Technology Inc. (Nasdaq / TSXV: DGHI) has announced its role as the anchor commercial subscriber in Nautilus Solar Energy's new 5.5 MW community solar project in Grand Island, New York. The project, launched on September 5th, 2024, will provide clean energy to over 850 local residents and businesses. It's expected to generate 8.35 million kWh of clean energy annually, offsetting nearly 6,000 metric tons of greenhouse gas emissions.
This initiative aligns with Digihost's DigiGreen Initiative, aiming for net zero emissions from BTC mining operations by 2030. The company's current consolidated operating capacity is about 90MW, with a mining hashrate of 2.75 EH/s. Digihost is also exploring opportunities to build its initial Tier 3 data center by the end of 2025.
Digihost Technology Inc. (Nasdaq / TSXV: DGHI) ha annunciato il suo ruolo come principale sottoscrittore commerciale nel nuovo progetto solare comunitario da 5.5 MW di Nautilus Solar Energy a Grand Island, New York. Il progetto, lanciato il 5 settembre 2024, fornirà energia pulita a oltre 850 residenti e aziende locali. Si prevede che genererà 8,35 milioni di kWh di energia pulita all'anno, compensando quasi 6.000 tonnellate metriche di emissioni di gas serra.
Questa iniziativa è in linea con l'iniziativa DigiGreen di Digihost, che punta a raggiungere emissioni nulle dalle operazioni di mining di BTC entro il 2030. La capacità operativa consolidata attuale dell'azienda è di circa 90MW, con un hashrate di mining di 2,75 EH/s. Digihost sta anche esplorando opportunità per costruire il suo primo data center di Tier 3 entro la fine del 2025.
Digihost Technology Inc. (Nasdaq / TSXV: DGHI) ha anunciado su papel como el principal suscriptor comercial en el nuevo proyecto solar comunitario de 5.5 MW de Nautilus Solar Energy en Grand Island, Nueva York. El proyecto, lanzado el 5 de septiembre de 2024, proporcionará energía limpia a más de 850 residentes y negocios locales. Se espera que genere 8.35 millones de kWh de energía limpia anualmente, compensando casi 6,000 toneladas métricas de emisiones de gases de efecto invernadero.
Esta iniciativa está alineada con la Iniciativa DigiGreen de Digihost, que tiene como objetivo alcanzar emisiones netas cero en las operaciones de minería de BTC para 2030. La capacidad operativa consolidada actual de la empresa es de aproximadamente 90MW, con una tasa de hashrate de 2.75 EH/s. Digihost también está explorando oportunidades para construir su primer centro de datos de Nivel 3 para finales de 2025.
Digihost Technology Inc. (Nasdaq / TSXV: DGHI)는 그랜드 아일랜드, 뉴욕에 있는 Nautilus Solar Energy의 새로운 5.5 MW 커뮤니티 태양광 프로젝트850명 이상의 지역 주민과 기업에 청정 에너지를 제공할 것입니다. 매년 835만 kWh의 청정 에너지를 생산할 것으로 예상되며, 이는 거의 6,000톤의 온실가스 배출을 상쇄할 것입니다.
이 이니셔티브는 Digihost의 DigiGreen Initiative와 일치하며, 2030년까지 BTC 채굴 운영에서 탄소 배출 제로를 목표로 하고 있습니다. 회사의 현재 통합 운영 용량은 약 90MW이며, 채굴 해시레이트는 2.75 EH/s입니다. Digihost는 2025년 말까지 처음으로 Tier 3 데이터 센터를 구축할 기회를 모색하고 있습니다.
Digihost Technology Inc. (Nasdaq / TSXV: DGHI) a annoncé son rôle en tant qu'abonné commercial principal dans le nouveau projet solaire communautaire de 5,5 MW de Nautilus Solar Energy à Grand Island, New York. Le projet, lancé le 5 septembre 2024, fournira de l'énergie propre à plus de 850 résidents et entreprises locales. On s'attend à ce qu'il génère 8,35 millions de kWh d'énergie propre par an, compensant près de 6 000 tonnes métriques d'émissions de gaz à effet de serre.
Cette initiative s'inscrit dans le cadre de l'initiative DigiGreen de Digihost, visant à atteindre zéro émission nette provenant des opérations de minage de BTC d'ici 2030. La capacité opérationnelle consolidée actuelle de l'entreprise est d'environ 90 MW, avec un hashrate de minage de 2,75 EH/s. Digihost explore également des opportunités pour construire son premier centre de données de niveau 3 d'ici la fin 2025.
Digihost Technology Inc. (Nasdaq / TSXV: DGHI) hat seine Rolle als Hauptgeschäfts-Abonnent im neuen 5,5 MW Gemeinschafts-Solarprojekt von Nautilus Solar Energy in Grand Island, New York, bekannt gegeben. Das Projekt, das am 5. September 2024 gestartet wurde, wird über 850 lokale Bewohner und Unternehmen mit sauberer Energie versorgt. Es wird erwartet, dass es jährlich 8,35 Millionen kWh saubere Energie produziert und fast 6.000 metrische Tonnen an Treibhausgasemissionen ausgleicht.
Diese Initiative steht im Einklang mit Digihosts DigiGreen-Initiative, die bis 2030 netto null Emissionen aus BTC-Mining-Betrieben anstrebt. Die derzeitige konsolidierte Betriebskapazität des Unternehmens beträgt etwa 90MW, mit einer Mining-Hashrate von 2,75 EH/s. Digihost prüft auch Möglichkeiten, bis Ende 2025 sein erstes Tier-3-Datenzentrum zu bauen.
- Digihost becomes anchor subscriber in a 5.5 MW community solar project, supporting clean energy initiatives
- Project expected to generate 8.35 million kWh of clean energy annually
- Aligns with company's DigiGreen Initiative for net zero emissions by 2030
- Current consolidated operating capacity of approximately 90MW
- Mining hashrate of 2.75 EH/s
- Plans to build initial Tier 3 data center by end of 2025
- None.
Insights
This community solar project marks a strategic move for Digihost, aligning with its DigiGreen Initiative. While the immediate financial impact may be , the long-term benefits are noteworthy. By serving as the anchor subscriber, Digihost secures cost-effective, clean energy for its operations, potentially
Digihost's participation in this solar project is a significant step towards reducing its environmental footprint. The project's annual generation of 8.35 million kWh of clean energy and offset of 6,000 metric tons of greenhouse gas emissions are substantial. This aligns well with New York State's ambitious goal of
Digihost's involvement in this solar project reflects a growing trend in the tech sector towards sustainable operations. For a blockchain company, traditionally associated with high energy consumption, this is a smart strategic move. It addresses a major criticism of the industry while potentially reducing long-term operational costs. The mention of exploring opportunities to build a Tier 3 data center by the end of 2025 is intriguing. This could indicate plans for expansion and diversification of services, possibly moving beyond just cryptocurrency mining. With a current hashrate of 2.75 EH/s and
HOUSTON, Sept. 09, 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 excited to announce its key role as the anchor commercial subscriber in Nautilus Solar Energy’s newly opened 5.5 MW community solar project in Grand Island, New York. This groundbreaking initiative, which celebrated its official launch on September 5th, 2024, is projected to bring clean, affordable renewable energy to over 850 local residents and businesses.
The Grand Island community solar project, located less than 15 miles from both of Digihost’s New York facilities, is expected to generate 8.35 million kWh of clean energy annually, providing a significant environmental impact by offsetting nearly 6,000 metric tons of greenhouse gas emissions. This would be equivalent to the removal of 1,400 cars from the road each year, helping New York State achieve its goal of sourcing
“As a company deeply committed to reducing our carbon footprint while advancing cutting-edge technologies, we are thrilled to be the anchor subscriber for this community solar project,” said Luke Marchiori, Chief Renewable Energy Officer of Digihost Technology Inc. “This partnership and long-term commitment reinforce our mission to integrate sustainable energy solutions into our operations, not only benefiting our company, but also the local community and the planet. We are proud to play a role in advancing New York’s ambitious climate goals while contributing to a cleaner, greener future.”
By subscribing to this solar project through EnergyMark, who is responsible for managing the anchor subscriber(s) of this project, Digihost will play a key role in stabilizing the project; giving it a base of offtake for the solar credits it generates and ensuring the project is able to operate and produce renewable energy that supports the community. This subscription also contributes to long-term cost savings and aligns with Digihost’s DigiGreen Initiative, whereby Digihost is committed to achieving net zero emissions from its BTC mining operations by 2030. In addition to nearly emission-free electricity at its East Delavan facility, Digihost currently participates in several Demand Response programs, which aid in grid reliability during times of heightened demand, and further reduces carbon emissions.
Operations Update
Presently, Digihost’s consolidated operating capacity across its three sites represents approximately 90MW of available power, and Digihost is mining at hashrate of 2.75 EH/s. The Company is currently exploring opportunities to build its initial Tier 3 data center with a target completion date of end of 2025.
About Digihost
Digihost is a growth-oriented technology company focused on the blockchain industry. The Company operates from three sites in the U.S. and, in addition to managing its own operations, provides hosting arrangements at its facilities.
For further information, please contact:
Digihost Technology Inc.
www.digihost.ca
Michel Amar, Chief Executive Officer
T: 1-818-280-9758
Email: michel@digihost.ca
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 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: the acquisition of community solar credits may not occur on the terms anticipated in the community solar agreement, or at all; 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; 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
What is Digihost's role in the new community solar project in Grand Island, New York?
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