Core Insights - Digi Power X Inc. reported a record-setting year in 2024, with a 42% increase in revenue to $37.0 million, driven by growth in colocation services and diversification beyond digital currency mining [2][5] - The company achieved a significant turnaround in EBITDA, improving from a loss of $6.9 million in 2023 to a gain of $8.8 million in 2024, marking a 228% improvement [2][5] - Digi Power X is expanding its operations by forming a subsidiary focused on AI-ready Tier 3 data centers, aiming to enhance its position in the advanced computing market [2][10] Financial Performance - Revenue from digital currency mining decreased to $10.3 million in 2024 from $18.1 million in 2023 [4] - Revenue from colocation services surged by 829% to $15.8 million, compared to $1.7 million in the previous year [4][5] - The sale of energy revenue increased by 41% to $4.6 million, up from $3.3 million in 2023 [4][5] - The company reported a gross loss of $11.3 million for 2024, compared to a loss of $9.7 million in 2023 [4] - Net loss for the year was $6.8 million, an improvement from a loss of $21.9 million in 2023 [6] Operational Highlights - Digi Power X eliminated all long-term debt, including secured loan facilities and mortgage payables [5][9] - The company integrated 11,000 S21 miners into its facilities, translating to approximately 44 MW of hosting capacity [9] - Digi Power X became the anchor subscriber to a 5 MW community solar project, which will generate enough clean electricity to power over 2,500 homes annually [9] - Approximately 72% of the company's 2024 revenues were derived from services outside of digital currency mining, compared to 31% in 2023 [9] Future Outlook - The company anticipates continued revenue growth in 2025, assuming stable or rising Bitcoin prices [8] - Digi Power X's strategic pivot towards Tier 3 AI data centers is expected to generate significant shareholder value through 2025 and into 2026 [10]

Company Overview - Digi Power X Inc. is an innovative energy infrastructure company focused on developing cutting-edge data centers to support the expansion of sustainable energy assets [2] Financial Results Announcement - The company plans to announce its financial results for the fourth quarter and the year ended December 31, 2024, after markets close on March 31, 2025 [1] Operational Update - Along with the financial results, the company will provide an update on its operations at the same time [1]

Core Points - Digi Power X Inc. is changing its stock ticker symbol on the Nasdaq from "DGHI" to "DGXX" effective March 18, 2025, to enhance brand alignment [1][2] - The company's subordinate voting shares will continue to trade under the symbol "DGX" on the TSX Venture Exchange [2] Company Overview - Digi Power X is an innovative energy infrastructure company focused on developing advanced data centers to promote the growth of sustainable energy assets [4]

Core Viewpoint - Digihost Technology Inc. has filed an amended annual report with the SEC, which includes restated financial statements for the fiscal years ended December 31, 2023, and 2022, due to a material error in the classification of proceeds from the sale of digital assets [1][2]. Financial Restatement Summary - The restatement does not affect the Company's overall cash position or net cash flows for the restatement periods [2]. - For the year ended December 31, 2022, the proceeds from the sale of digital assets were reclassified from operating activities to investing activities, resulting in a net change in cash related to operating activities of $(15,495,179) and a net change in cash related to investing activities of $(2,428,758) [4]. - For the year ended December 31, 2023, the reclassification led to a net change in cash related to operating activities of $(13,572,958) and a net change in cash related to investing activities of $12,007,498 [5]. Management's Assessment - The Company's management identified a material weakness in its internal control over financial reporting during the restatement periods and is implementing remediation measures to address this issue [5]. Company Overview - Digihost is an innovative energy infrastructure company focused on developing advanced data centers to promote the growth of sustainable energy assets [6].

MIAMI, March 04, 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 announce that it has filed a notice of name change to "Digi Power X Inc." with the TSX Venture Exchange (the "Exchange"). As part of the name change, effective at the start of trading on March 6, 2025, Digi Power X Inc. will commence trading on the Exchange under the new symbol "DGX" and conti ...

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 a ...

MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq / TSXV: DGHI), is proud to announce 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. The new US Data Centers website can be found at www.usdatacenters.ai. A Purpose-Built AI and HPC Data Center Platform With the launch ...

Core Points - Digihost Technology Inc. has successfully closed a private placement of equity securities, raising gross proceeds of US$6,609,500 [1][2] - The private placement involved the sale of 2,503,601 subordinate voting shares and warrants, with a combined purchase price of US$2.64 per share [1] - Each warrant is exercisable for up to 1,251,805 shares at an exercise price of US$3.66, with a three-year exercise period [1] Use of Proceeds - The net proceeds from the private placement will primarily be used for infrastructure expansion acquisitions and general working capital purposes [2] Regulatory Information - The securities issued are subject to customary resale restrictions in the United States, with no restrictions in Canada, and no securities were offered to Canadian residents [2]

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 Compa ...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES HOUSTON, Jan. 31, 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 announce that the Company has entered into subscription agreements with certain investors for gross proceeds of up to US$5.35 million in a private placement of its equity securities (the "Private Placeme ...