Host Digital (HOST) has authorized a share repurchase program allowing up to $15 million in common stock purchases. The authorization runs for up to one year. The board views the shares as undervalued, while the company will weigh repurchases against project financing and other capital needs.
Site I in northeast Oklahoma is energized and leased under a 15-year take-or-pay agreement representing approximately $1.25 billion in base-term contracted revenue, with annual rent increases of 3%. Host Digital targets tenant delivery in the first quarter of 2027 and expects support for the lease from a U.S.-based, investment-grade global technology company. It also continues to pursue a second energized and leased site in northeast Oklahoma from its sponsor.
Host Digital (HOST) outlined its financing approach and delivery plans for Site I, backed by about $1.25 billion in contracted revenue. The northeast Oklahoma project has a 15-year take-or-pay lease, requiring payment for reserved capacity regardless of use. Rent starts at about $67 million in year one and rises 3% annually.
Site I has 55 megawatts available to its customer. Host targets delivery and rent commencement in the first quarter of 2027, with project financing still to be finalized. The company expects lease support from a U.S.-based, investment-grade global technology company and says no additional equity is needed to fund the build. Host is also pursuing Site II, with a signed 12-year take-or-pay lease worth roughly $391 million in base rent. Its market valuation has fallen from about $385 million at its September offering close to under $100 million.
Host Digital (HOST) outlined its first data center project, backed by a 15-year lease with approximately $1.25 billion in contracted rent. The northeast Oklahoma site has 55 megawatts of gross capacity; the customer’s design provides 43 megawatts for computing equipment. First-year rent is approximately $67 million, with 3% annual increases.
Host targets delivery in the first quarter of 2027. Rent begins only after the facility is delivered as required, and Host is still working to finalize financing, construction and testing. It has invested approximately $40 million in Site I and raised another $17.5 million before fees and expenses in a recent offering. If the customer exercises all renewal options, total rent would be approximately $3.2 billion over 30 years.
Host also has 24-month rights to make the first offer on qualifying projects from its founder-controlled Sponsor and to match outside offers. The Sponsor has four additional sites with more than 450 megawatts of potential gross power capacity.
Host Digital (HOST) began trading on the NYSE American on September 18, 2026, following completion of its merger with Host Digital Infrastructure LLC on September 17, 2026.
After the priced offering, the company has 48,088,414 shares outstanding, implying a market capitalization of about $384.9 million as of September 21, 2026. Site I, now owned by Host Digital, is under a 15-year take-or-pay lease for 55 MW gross / 43 MW critical IT load, with approximately $1.25 billion in base-term contracted revenue, about $3.2 billion over a 30-year term if all renewals are exercised, and $67 million of Year 1 contracted revenue, plus a 3.0% annual rent escalator.
Host Digital expects to acquire Site II, backed by a 12-year take-or-pay lease for 20 MW gross / 16 MW critical IT load, representing about $391 million in base-term rent and $28.3 million of Year 1 contracted revenue, subject to definitive agreements.
Host Digital (HOST) closed an underwritten public offering of 2,187,500 Class A common shares at $8.00 per share, raising approximately $17.5 million in gross proceeds before fees.
Underwriters have a 30-day option to buy up to 328,125 additional shares at the public price, less discounts and commissions. Host Digital plans to use net proceeds for data center investments, general and administrative expenses, capital expenditures, working capital and other general corporate purposes.