Digi Power X Stock Price, News & Analysis

Digihost Technology (Nasdaq/TSXV: DGHI) has successfully closed an over-subscribed private placement, raising US$6.6 million in gross proceeds. The placement consisted of 2,503,601 subordinate voting shares and warrants exercisable for up to 1,251,805 shares at a combined purchase price of US$2.64 per unit.

The warrants have an exercise price of US$3.66 per share and a three-year exercise period. The company exercised its right to increase the placement size by 25% from the initial announcement on January 31, 2025. The proceeds will be primarily used for infrastructure expansion acquisitions and general working capital purposes.

The securities are subject to standard U.S. resale restrictions but have no resale restrictions in Canada. No securities were sold to Canadian residents during this placement.

Digihost Technology (DGHI) has released its January 2025 production update, highlighting significant growth in its financial position. The company's total holdings reached $12.3 million as of January 31, 2025, marking a 232% increase year-over-year and a 23% increase from December 2024.

Monthly BTC production decreased by 17% to approximately 30 BTC due to voluntary load curtailment during high energy cost periods. The company invested $1.2 million in capital expenditures and infrastructure while maintaining zero debt.

Digihost currently operates with 100MW of available power across three sites and aims to expand to 200MW. The company is developing a Tier III data center in Columbiana, AL, with Phase I (22MW) expected to be operational in 2026 and Phase II (55MW) in early 2027. Additionally, Digihost has established a strategic partnership with NANO Nuclear Energy to integrate advanced nuclear energy technologies at its 60MW New York facility.

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.