MIAMI, Dec. 02, 2024 (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 November 30, 2024, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated. Monthly Production Highlights for November 2024 The Company held cash, BTC and ca ...

DIGIHOST DIGIHOST. Corporate Overview Ｎｏｖｅｍ ｂｅｒ ２０２４ DIGIHOST TECHNOLOGY INC Nasdaq | DGHI TMX | DGHI www.digihostpower.com NASDAQ: DGHI | TSX-V-DGHI Forward Looking Statements Forward Looking Statements This presentation contains "forward-looking statements" and "forward-looking information" within the meaning of Canadian and United States securities laws (collectively referred to herein as "forward-looking statements"). Forward-looking statements are neither historical facts nor assurances of future perfo ...

Financial Data and Key Metrics - Revenue for the 9 months ended September 30, 2024, grew 104% year-over-year to $31.4 million [8] - EBITDA for the 9 months ended September 30, 2024, was $5.5 million, a nearly 3.5x increase compared to the same period in 2023 [9] - Adjusted EBITDA for the quarter was positive, totaling $3 million for the year [9] - The company generated positive working capital of close to $1 million and had a cash balance of close to $9 million after a $4 million financing early in the quarter [18] Business Line Data and Key Metrics - Colocation service segment revenue was $10.7 million, compared to $0 in the same period in 2023 [15] - Digital mining business revenue declined year-over-year from $13.5 million to $10.3 million, primarily due to reduced Bitcoin mining following the halving and increased focus on colocation services [16] - Energy Sales segment revenue increased to $10.3 million from $1.7 million in the same period in 2023, driven by participation in behind-the-meter generation bidding programs [17] Market Data and Key Metrics - The company's consolidated opening capacity represents approximately 100 MW of developed and available power and a mining hash rate of 3 EH/s [11] - The company expects to expand its total megawatt capacity significantly in the next 12 months, with plans to increase capacity from 22 MW to 55 MW at the Columbiana Alabama plant and from 60 MW to 120 MW at the North Tonawanda plant [12] Company Strategy and Industry Competition - The company is focused on developing a robust platform combining energy resources and digital infrastructure at scale, with an emphasis on energy as the foundation for mining colocation and high-performance computing (HPC) [7] - The company is shifting its CapEx investment upstream in power production assets to focus on more profitable mining colocation and Tier 3 development [16] - The company is positioning itself to serve the high-demand HPC market, with plans to develop existing assets into Tier 3 infrastructure [13] Management Commentary on Operating Environment and Future Outlook - The company anticipates continued top-line growth driven by the expansion of its megawatt footprint and colocation agreements with large U.S.-based Bitcoin miners [8] - The company expects further improvements to profitability in 2025 as it rolls out additional megawatt capacity at existing energy sites [19] - The company believes its power-first approach to data center development positions it well to capitalize on secular trends in the digital infrastructure sector [19] Other Important Information - The company experienced a brief maintenance period in Q3 2024 to increase long-term efficiency at its flagship North Tonawanda power plant, which is expected to return to full operational power in Q4 2024 [11] - The company has initiated a development plan for existing assets to be developed into Tier 3 infrastructure, with plans to begin traditional Tier 3 data center collection as market demand scales [13] Q&A Session Summary Question: Details on the maintenance period and its impact on Q3 results - The company underwent a major maintenance program, which took 2/3 of the quarter, resulting in lower-than-expected Q3 results. Full capacity is expected to resume in December [21][22] Question: Revenue split between colocation services and self-mining - The company operates more like a joint venture (JV) than a hosting service, with a split profit formula for mined coins and additional revenue from energy generation. Approximately 25% of revenue comes from energy sales independent of Bitcoin mining [24] Question: Capacity and development plans for the Alabama facility - The Alabama facility currently has a developed setup for 22 MW, with 14 MW running. The company plans to develop 20 MW of Tier 3 data center capacity in 5 MW increments, with the first 5 MW expected by Q4 2025 or early 2026 [26][27][28] Question: Plans for the North Carolina site - The company owns a site in North Carolina with access to 200 MW. The plan is to develop Alabama first, then expand in North Carolina via debt financing or JV with a large HPC operator, targeting 2026-2027 for development [31][32] Question: Building a customer base in HPC - The company is leveraging its existing relationships with large market cap companies in the mining sector to transition into HPC. It expects consistent and predictable 5-year program orders, which will facilitate financing without diluting shareholders [35]

Exhibit 99.1 FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (EXPRESSED IN UNITED STATES DOLLARS) (UNAUDITED) Digihost Technology Inc. Condensed Interim Consolidated Statements of Financial Position (Expressed in United States Dollars) (Unaudited) | | | As at | | As at | | --- | --- | --- | --- | --- | | | | September 30, | | December 31, | | | | 2024 | | 2023 | | | | Unaudited | | Audited | | ASSETS | | | | | | Current assets | | | | | | Cash | $ | 588,610 | $ | 341,273 | | Digital currenci ...

HOUSTON, Nov. 15, 2024 (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 a summary of the Company’s unaudited financial results for the third quarter ended September 30, 2024 (all amounts in U.S. dollars, unless otherwise indicated) and a 2024 year-to-date update on its operations. The Company’s unaudited consolidated financial statements and management’s ...

HOUSTON, Nov. 01, 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 pleased to provide unaudited comparative Bitcoin (“BTC”) production results for the month ended October 31, 2024, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated. Monthly Production Highlights for October 2024 The Company held cash, BTC and cas ...

HOUSTON, Oct. 01, 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 pleased to provide unaudited comparative Bitcoin ("BTC") production results for the month ended September 30, 2024, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated. Monthly Production Highlights for September 2024 The Company held cash, BTC and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

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 ren ...

HOUSTON, Sept. 04, 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 pleased to provide unaudited comparative Bitcoin ("BTC") production results for the month ended August 31, 2024, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated. Monthly Production Highlights for August 2024 The Company held cash, BTC and cash ...