MIAMI and NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Digihost Technology Inc. ("Digihost") (NASDAQ/TSXV:DGHI), an innovative energy infrastructure company developing data centers, and NANO Nuclear Energy Inc. (NASDAQ:NNE) ("NANO Nuclear"), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced a joint submission to a New York State Energy Research and Development Authority (NYSERDA) Request for Information (RFI) concerning the develo ...

MIAMI and NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost”) (NASDAQ/TSXV: DGHI), an innovative energy infrastructure company developing data centers, and NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced a joint submission to a New York State Energy Research and Development Authority (NYSERDA) Request for Information (RFI) concerning the deve ...

MIAMI and NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Digihost Technology Inc. ("Digihost") (NASDAQ/TSXV:DGHI), an innovative energy infrastructure company developing data centers, and NANO Nuclear Energy Inc. (NASDAQ:NNE) ("NANO Nuclear"), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced the signing of a Memorandum of Understanding ("MOU") dated December 12, 2024 to advance the transition to carbon-free energy at Digihost's 60 ...

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]

[Condensed Interim Consolidated Financial Statements](index=1&type=section&id=Condensed%20Interim%20Consolidated%20Financial%20Statements) [Condensed Interim Consolidated Statements of Financial Position](index=2&type=section&id=Condensed%20Interim%20Consolidated%20Statements%20of%20Financial%20Position) As of September 30, 2024, total assets decreased to **$38.6 million** and liabilities to **$11.5 million**, while digital currency holdings significantly increased to **$4.9 million** Consolidated Statement of Financial Position (Unaudited) | | As at Sep 30, 2024 ($) | As at Dec 31, 2023 ($) | | :--- | :--- | :--- | | **Total current assets** | $6,665,398 | $2,199,751 | | **Total assets** | **$38,615,766** | **$42,147,347** | | **Total current liabilities** | $6,133,800 | $5,264,102 | | **Total liabilities** | **$11,521,213** | **$12,900,608** | | **Total shareholders' equity** | **$27,094,553** | **$29,246,739** | - Digital currency holdings increased substantially from **$822,884** at the end of 2023 to **$4,899,670** as of September 30, 2024[2](index=2&type=chunk) - Property, plant and equipment, a major asset category, decreased from **$33,386,684** to **$24,932,714** during the nine-month period[2](index=2&type=chunk) [Condensed Interim Consolidated Statements of Comprehensive Income (Loss)](index=3&type=section&id=Condensed%20Interim%20Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29) Total revenue more than doubled to **$31.4 million** for the nine months ended September 30, 2024, resulting in a net loss of **$6.3 million**, an improvement from 2023 Revenue for the Nine Months Ended September 30 | Revenue Source | 2024 ($) | 2023 ($) | | :--- | :--- | :--- | | Digital currency mining | $10,317,937 | $13,552,443 | | Colocation services | $10,713,695 | - | | Sale of electricity | $6,283,028 | - | | Sale of energy | $4,050,063 | $1,779,131 | | **Total revenue** | **$31,364,723** | **$15,331,574** | Profitability for the Nine Months Ended September 30 | Metric | 2024 ($) | 2023 ($) | | :--- | :--- | :--- | | Gross loss | $(5,936,139) | $(5,706,572) | | Net loss | $(6,333,643) | $(12,200,349) | | Basic and diluted loss per share | $(0.21) | $(0.43) | [Condensed Interim Consolidated Statements of Cash Flows](index=4&type=section&id=Condensed%20Interim%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations sharply declined to **$0.47 million** for the nine months ended September 30, 2024, with investing activities using **$3.2 million** and financing providing **$2.98 million** Cash Flow Summary for the Nine Months Ended September 30 | Activity | 2024 ($) | 2023 ($) | | :--- | :--- | :--- | | Net cash from operating activities | $471,574 | $5,787,224 | | Net cash used in investing activities | $(3,200,000) | $(7,045,134) | | Net cash from financing activities | $2,975,763 | $272,909 | | **Net change in cash** | **$247,337** | **$(985,001)** | [Condensed Interim Consolidated Statement of Changes in Shareholders' Equity](index=5&type=section&id=Condensed%20Interim%20Consolidated%20Statement%20of%20Changes%20in%20Shareholders%27%20Equity) Shareholders' equity decreased to **$27.1 million** as of September 30, 2024, driven by a **$6.3 million** net loss, partially offset by new share issuance - The company's deficit increased from **$(26,497,297)** to **$(32,830,940)** due to the net loss of **$6,333,643** during the nine-month period[7](index=7&type=chunk) - The company issued **3,639,963** shares for cash, raising **$4,005,457**[7](index=7&type=chunk) [Notes to Condensed Interim Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Condensed%20Interim%20Consolidated%20Financial%20Statements) [Note 1: Nature of operations and going concern](index=6&type=section&id=1.%20Nature%20of%20operations%20and%20going%20concern) Digihost operates in cryptocurrency mining and energy supply, facing significant going concern doubts due to insufficient working capital of **$531,598** - The company's business includes cryptocurrency mining and supplying energy from its power plant[9](index=9&type=chunk) - As of September 30, 2024, the company has working capital of **$531,598**, which is not sufficient to meet its requirements and business growth initiatives[12](index=12&type=chunk) - Material uncertainties exist that cast significant doubt on the Company's ability to continue as a going concern[13](index=13&type=chunk) [Note 3: Digital currencies](index=9&type=section&id=3.%20Digital%20currencies) Digital currency holdings, solely Bitcoin, grew significantly to **$4.9 million** (77 BTC) as of September 30, 2024, driven by mining and service payments Digital Currency Holdings (Bitcoin) | | As at Sep 30, 2024 ($) | As at Dec 31, 2023 ($) | | :--- | :--- | :--- | | Bitcoin Value | $4,899,670 | $822,884 | Bitcoin Continuity (Nine Months Ended Sep 30, 2024) | Description | Number of Bitcoin | | :--- | :--- | | Balance, Dec 31, 2023 | 19 | | Mined for Digihost | 183 | | Received from colocation services | 68 | | Received for electricity sales | 33 | | Paid for services/loans/traded for cash | (232) | | **Balance, Sep 30, 2024** | **77** | [Note 4: Business combination](index=10&type=section&id=4.%20Business%20combination) In February 2023, the company acquired a **60 MW** power plant in North Tonawanda, New York, for **$4.75 million**, expanding its infrastructure and computing power - On February 7, 2023, the Company completed the acquisition of a **60 MW** power plant in North Tonawanda, New York for **$4,749,666**[31](index=31&type=chunk) [Note 6: Property, plant and equipment](index=11&type=section&id=6.%20Property%2C%20plant%20and%20equipment) Net property, plant, and equipment decreased from **$33.4 million** to **$24.9 million** due to **$11.7 million** in depreciation, outpacing **$3.2 million** in additions Net Carrying Value of PP&E | Asset Category | As at Sep 30, 2024 ($) | As at Dec 31, 2023 ($) | | :--- | :--- | :--- | | Data miners | $2,378,928 | $9,132,747 | | Equipment and other | $13,142,128 | $14,243,884 | | Power plant in use | $4,048,441 | $4,316,353 | | **Total Net Carrying Value** | **$24,932,714** | **$33,386,684** | [Note 11: Loans payable](index=13&type=section&id=11.%20Loans%20payable) Total loans payable significantly reduced to **$148,290**, including the full repayment of a **30 Bitcoin** loan from Doge Capital LLC, a related party - A loan from Doge Capital LLC, a company controlled by the CEO, was fully repaid as of March 31, 2024. The loan was for the value of **30 Bitcoins** (**$691,500**) and was repaid with **36 Bitcoins**[42](index=42&type=chunk) [Note 12: Mortgage payable](index=13&type=section&id=12.%20Mortgage%20payable) The company fully repaid its mortgage of **$389,064** during the period, reducing the balance to zero by September 30, 2024, upon maturity - The mortgage payable, with a beginning balance of **$389,064**, was fully repaid during the nine months ended September 30, 2024[45](index=45&type=chunk) [Note 13: Warrant liabilities](index=14&type=section&id=13.%20Warrant%20liabilities) Warrant liabilities decreased from **$5.46 million** to **$2.95 million** due to expirations and a **$2.38 million** revaluation, partially offset by new issuances Changes in Warrant Liabilities | | Number of warrants | Amount ($) | | :--- | :--- | :--- | | Balance, Dec 31, 2023 | 9,098,514 | $5,456,749 | | Warrants expired | (3,955,993) | - | | Warrants issued | 3,636,363 | - | | Revaluation of warrant liabilities | - | $(2,380,351) | | **Balance, Sep 30, 2024** | **8,778,884** | **$2,947,441** | [Note 14: Share capital](index=15&type=section&id=14.%20Share%20capital) On August 15, 2024, the company raised **$4 million** through a private placement, issuing **3,636,363** units at **$1.10** each, comprising shares and warrants - On August 15, 2024, the Company completed a private placement of **3,636,363** units at **$1.10** per unit for gross proceeds of **$4 million**[51](index=51&type=chunk) - Each unit comprises one subordinate voting share and one warrant, with each warrant entitling the holder to purchase one additional share at an exercise price of **$2.00** for three years[51](index=51&type=chunk) [Note 16: Stock options and restricted share units](index=17&type=section&id=16.%20Stock%20options%20and%20restricted%20share%20units) The company granted **1,186,000** RSUs with a three-year vesting period, leading to **$1,266,772** in share-based compensation expense for the period - During the nine months ended September 30, 2024, the Company granted **1,186,000** RSUs to officers, directors, employees and advisors with a grant date fair value of **$2,414,767**[60](index=60&type=chunk) - For the nine months ended September 30, 2024, the Company recorded share-based compensation for RSUs of **$1,266,772**[60](index=60&type=chunk) [Note 18: Related party transactions](index=19&type=section&id=18.%20Related%20party%20transactions) Key management personnel remuneration slightly increased to **$1.90 million** for the nine months ended September 30, 2024, mainly from salaries and share-based compensation Key Management Personnel Remuneration (Nine Months Ended Sep 30) | Category | 2024 ($) | 2023 ($) | | :--- | :--- | :--- | | Professional fees | $92,982 | $154,705 | | Salaries | $647,089 | $611,621 | | Share based compensation | $1,162,394 | $1,079,249 | | **Total** | **$1,902,465** | **$1,845,575** | [Note 21: Segmented reporting](index=20&type=section&id=21.%20Segmented%20reporting) The company operates three US-based segments: cryptocurrency mining, energy sales, and colocation services, with colocation profitable at **$10.7 million**, offsetting losses in other segments Segment Performance (Nine Months Ended Sep 30, 2024) | Segment | Revenue ($) | Net Profit (Loss) ($) | | :--- | :--- | :--- | | Cryptocurrency mining | $10,317,937 | $(13,925,307) | | Sales of energy | $10,333,091 | $(3,122,031) | | Colocation services | $10,713,695 | $10,713,695 | | **Total** | **$31,364,723** | **$(6,333,643)** | - All of the company's assets are geographically located in the United States as of September 30, 2024[70](index=70&type=chunk) [Note 23: Financial instruments and risk management](index=22&type=section&id=23.%20Financial%20instruments%20and%20risk%20management) The company faces credit, liquidity, foreign currency, and digital currency risks, with liquidity being a major concern and Bitcoin price volatility impacting holdings by **$489,967** - The company's primary financial risks are credit risk, liquidity risk, foreign currency risk, and digital currency risk[73](index=73&type=chunk)[74](index=74&type=chunk)[77](index=77&type=chunk)[79](index=79&type=chunk) - A 10% increase or decrease in the market price of Bitcoin would result in a corresponding asset value change of **$489,967** as of September 30, 2024[81](index=81&type=chunk)

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 ...