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Digi Power X (DGHI) merges blockchain innovation with sustainable energy infrastructure, operating advanced data centers powered by renewable resources. This page delivers official updates on strategic initiatives, financial disclosures, and operational milestones.
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Digihost Technology (Nasdaq/TSXV: DGHI) has announced a private placement of equity securities for gross proceeds of up to US$5.35 million. The placement includes 2,026,516 subordinate voting shares and warrants exercisable for up to 1,013,258 shares at a combined purchase price of US$2.64.
The warrants have an exercise price of US$3.66 per share with a three-year exercise period. The company may increase the placement size by up to 25%. The proceeds will be used for infrastructure expansion acquisitions and working capital. The private placement is expected to close around February 5, 2025, subject to regulatory approvals including TSX Venture Exchange approval.
Digihost Technology (DGHI) reported significant financial growth in December 2024, with cash, BTC, and deposits reaching $10.0 million, a 257% increase from $2.3 million in December 2023. Monthly revenue grew 21% year-over-year to $3.4 million, despite challenges including a temporary site shutdown and the Bitcoin halving event.
The company produced approximately 35 BTC across its mining and hosting operations in December. Capital expenditures for the month totaled $0.5 million, bringing the 2024 total CAPEX to $5.5 million. Digihost currently operates with 100MW of available power across three sites, with access to an additional 300MW for future development.
In December 2024, Digihost formed a strategic partnership with NANO Nuclear Energy, signing an MOU to integrate nuclear energy technologies at its 60MW New York facility. The companies jointly responded to NYSERDA's Request for Information, demonstrating their commitment to zero-emission energy solutions.
Digihost Technology (NASDAQ/TSXV: DGHI) and NANO Nuclear Energy (NASDAQ: NNE) have jointly submitted a response to the New York State Energy Research and Development Authority's (NYSERDA) Request for Information regarding advanced nuclear energy technologies development. This submission follows their December 13 MOU to transition Digihost's 60-megawatt power plant in upstate New York to carbon-free energy.
The RFI, announced on November 15, 2024, seeks to explore market interest in renewable deployment and advanced nuclear technology development, including NANO Nuclear's 'ZEUS' and 'ODIN' microreactors. The collaboration aims to support New York State's goals of achieving a zero-emission grid and provides practical strategies for addressing energy challenges faced by industries within the state.
Digihost Technology (NASDAQ/TSXV: DGHI) and NANO Nuclear Energy (NASDAQ: NNE) have signed a Memorandum of Understanding to implement advanced nuclear reactor technology at Digihost's 60MW power plant in upstate New York. The collaboration aims to transition Digihost's existing gas power infrastructure to carbon-free energy using NANO Nuclear's 'ZEUS' and 'ODIN' portable microreactors.
The project targets reactor integration by 2031, with NANO Nuclear providing consulting services for regulatory advice, site assessment, roadmap development, and stakeholder engagement. The partnership focuses on enhancing public understanding of nuclear energy while supporting Digihost's expansion into Tier III HPC data centers and digital asset colocation programs.
Digihost Technology (Nasdaq/TSXV: DGHI) reported its November 2024 production results, highlighting a 26% month-over-month revenue increase. The company held approximately $10.0 million in cash, BTC, and deposits as of November 30, 2024, marking an 11% monthly increase. Miners produced about 37 BTC during November. The company invested $0.4 million in capital expenditures, bringing year-to-date CAPEX to $5 million. Digihost operates with 100MW of available power across three sites, with access to an additional 300MW for future development. A flagship plant is temporarily offline for maintenance, expected to resume by December 2024.
Digihost Technology reported significant financial growth in Q3 2024, with revenue reaching $9.2M, up 71% from Q3 2023. Year-to-date revenue hit $31.4M, marking a 104% increase year-over-year. The company's EBITDA grew 350% to $5.5M for the first nine months of 2024. Revenue diversification through colocation services became the largest segment, while energy sales increased 128%. Operating at 100MW across three sites with a 3 EH/s hash rate, Digihost plans to expand to 6-7 EH by 2026. The company is transitioning focus from direct mining to colocation services and power development.
Digihost Technology (Nasdaq/TSXV: DGHI), an energy infrastructure company focused on data centers, has scheduled its Q3 2024 earnings release for November 15, 2024, before market open. The company will host a conference call at 8:30 AM ET on the same day to discuss the financial results and provide operational updates. The call will be accessible via phone (1-877-407-9039 or 1-201-689-8470) or through a Call Me link. Digihost has also released a new investor presentation that will be referenced during the earnings call.
Digihost Technology (Nasdaq/TSXV: DGHI) released its October 2024 production update. The company reported holding approximately $9.0 million in cash, BTC, and cash deposits as of October 31, 2024, compared to $9.2 million in September. Mining operations produced about 38 BTC in October, marking a 10% increase from the previous month. The company invested $0.4 million in capital expenditures and infrastructure. Currently operating at 90MW capacity with a 2 EH/s hashrate, Digihost aims to reach 3 EH/s by December 2024. The company is also developing its first Tier 3 data center, scheduled for completion by end-2025 or Q1 2026.
Digihost Technology Inc. (Nasdaq / TSXV: DGHI) has released its unaudited Bitcoin production results for September 2024. The company held approximately $9.2 million in cash, BTC, and cash deposits as of September 30, 2024. Miners at Digihost's facilities produced approximately 35 BTC during September, a decrease from the previous month due to a temporary outage at the North Tonawanda power plant for maintenance.
The company spent about $0.3 million on capital expenditures and is developing its initial Tier 3 data center, expected to be completed by the end of 2025 or Q1 2026. Officers and directors of Digihost entered agreements to acquire 685,038 subordinate voting shares in private transactions. Currently, Digihost's consolidated operating capacity is approximately 90MW with a hashrate of 2.75 EH/s.
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.
