Digihost Technology Inc. (DGHI): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo en rápida evolución de la criptomonedas y la tecnología sostenible, Digihost Technology Inc. (DGHI) emerge como una fuerza pionera, transformando la minería de bitcoin a través de un modelo de negocio innovador que armoniza la infraestructura de blockchain de vanguardia con soluciones energéticas de consciente ambiental. Al posicionarse estratégicamente en la intersección de la generación de activos digitales y la energía renovable, DGHI ofrece a los inversores y entusiastas de la tecnología un enfoque único para la minería de criptomonedas que promete alta eficiencia Operaciones, generación estable de activos digitales y un compromiso con la innovación tecnológica sostenible. Sumerja los intrincados detalles de su lienzo de modelo de negocio para descubrir cómo esta empresa dinámica está remodelando el futuro de la gestión de activos digitales y la tecnología blockchain.

Digihost Technology Inc. (DGHI) - Modelo de negocios: asociaciones clave

Asociaciones estratégicas con proveedores de infraestructura blockchain

A partir de 2024, Digihost Technology Inc. ha establecido asociaciones estratégicas con los siguientes proveedores de infraestructura de blockchain:

Pareja	Detalles de la asociación	Enfoque de colaboración
Bitfarms Ltd.	Acuerdo de intercambio de infraestructura	Optimización de la tecnología de minería de bitcoin
Hut 8 Mining Corp.	Marco de colaboración técnica	Infraestructura de red de blockchain

Acuerdos de alojamiento con compañías de energía renovable

Las asociaciones de energía renovable de Digihost incluyen:

• Asociación energética con Nextera Energy Resources
• Acuerdo de suministro de energía con AMP Solar Solutions
• Contrato de energía sostenible con Green Power Innovations

Socio de energía	Fuente de energía renovable	Capacidad de energía anual (MWH)
Recursos energéticos nextera	Energía eólica	75,000
AMP SOLUCIONES SOLAR	Energía solar	52,000

Colaboración con fabricantes de equipos de minería de bitcoins

Asociaciones de fabricación de equipos clave:

Fabricante	Tipo de equipo	Volumen de suministro anual
BitMain Technologies	Antminer S19 XP	5,000 unidades
Microbt	WhatsMiner M30S ++	3,500 unidades

Relación con proveedores de tecnología de centros de datos

Las asociaciones de tecnología del centro de datos incluyen:

• Asociación de infraestructura de enfriamiento con Vertiv Group
• Colaboración de infraestructura de red con Cisco Systems
• Acuerdo de gestión de energía con Schneider Electric

Proveedor de tecnología	Enfoque tecnológico	Inversión anual
Grupo vertiv	Sistemas de enfriamiento del centro de datos	$ 4.2 millones
Sistemas de Cisco	Infraestructura de red	$ 3.7 millones

Digihost Technology Inc. (DGHI) - Modelo de negocio: actividades clave

Operaciones mineras de bitcoin

A partir del cuarto trimestre de 2023, la tecnología Digihost opera un total de 2.750 máquinas mineras con una tasa de hash combinada de 228 Petahashes por segundo (ph/s). La flota minera de la compañía consiste principalmente en modelos Antminer S19 XP y S19 Pro.

Equipo minero	Cantidad	Tasa de hash
Antminer S19 XP	1.850 unidades	140 ph/s
Antminer S19 Pro	900 unidades	88 ph/s

Gestión de infraestructura de criptomonedas

Digihost administra un total de 3 ubicaciones de centros de datos con una capacidad combinada de 50 megavatios (MW) de infraestructura de energía.

• Buffalo, Nueva York: capacidad de 20 MW
• Texas: capacidad de 15 MW
• Carolina del Norte: capacidad de 15 MW

Desarrollo de centros de datos con energía sostenible

La compañía se ha comprometido a usar Fuentes de energía 100% renovables a través de sus operaciones mineras. La utilización actual de energía renovable es del 85% a diciembre de 2023.

Fuente de energía	Porcentaje
Energía hidroeléctrica	45%
Energía eólica	30%
Energía solar	10%

Optimización de la tecnología blockchain

Digihost invierte aproximadamente $ 2.1 millones anuales en estrategias de investigación y optimización de tecnología blockchain.

Minería y gestión de activos digitales

A partir de enero de 2024, la compañía posee 215.6 bitcoin en su tesoro de activos digitales, con una producción minera total de 432 bitcoin en el año fiscal anterior.

Métricas de activos digitales	Valor
Bitcoin en el tesoro	215.6 BTC
Producción de minería anual	432 BTC
Tasa de minería diaria promedio	1.18 BTC

Digihost Technology Inc. (DGHI) - Modelo de negocio: recursos clave

Equipo de minería Bitcoin de alto rendimiento

La tecnología Digihost posee 7,700 máquinas mineras Antminer S19 XP Bitcoin a partir del cuarto trimestre de 2023. Capacidad total de la tasa de hash: 770 petahashes por segundo (ph/s).

Tipo de equipo	Cantidad	Tasa de hash
Antminer S19 XP	7,700 unidades	100 th/s por unidad

Infraestructura energética sostenible

Capacidad de energía total: 105 MW de infraestructura de energía sostenible en las instalaciones de Texas.

Ubicación	Capacidad de potencia	Fuente de energía
Instalaciones de Texas	105 MW	Gas natural/cuadrícula

Tecnologías de enfriamiento avanzadas

• Sistemas de enfriamiento de inmersión líquida patentada
• Infraestructura de enfriamiento del centro de datos de diseño personalizado
• Sistemas de gestión de temperatura ambiente

Fuerza laboral técnica calificada

Total de empleados a partir de 2023: 87 personal técnico a tiempo completo.

Departamento	Conteo de empleados
Operaciones técnicas	47
Ingeniería	22
Mantenimiento	18

Instalaciones de centros de datos patentados

Total de la huella del centro de datos: 50,000 pies cuadrados en las ubicaciones de Texas.

Ubicación	Tamaño de la instalación	Capacidad minera
Instalación de Texas 1	25,000 pies cuadrados	50 MW
Instalación de Texas 2	25,000 pies cuadrados	55 MW

Digihost Technology Inc. (DGHI) - Modelo de negocio: propuestas de valor

Minería de criptomonedas ambientalmente sostenible

Digihost Technology Inc. utiliza fuentes de energía 100% varadas y renovables para operaciones mineras de criptomonedas. A partir del cuarto trimestre de 2023, la compañía opera 2,285 unidades mineras con una tasa de hash total de 3.0 eh/s.

Fuente de energía	Porcentaje	Ubicación
Gas natural varado	65%	Texas, EE. UU.
Hidroeléctrico renovable	35%	Nueva York, EE. UU.

Infraestructura de blockchain de alta eficiencia

La compañía mantiene una robusta infraestructura de blockchain con las siguientes especificaciones técnicas:

• Capacidad minera total: 3.0 eh/s
• Eficiencia energética: 38 w/th
• Potencial anual de minería de bitcoin: 648 BTC

Generación de activos digitales estables y predecibles

El desempeño financiero de Digihost para la generación de activos digitales en 2023:

Métrico	Valor
Bitcoin total minado	532 BTC
Ingresos totales de la minería	$ 21.3 millones

Modelo de consumo de energía de bajo costo

Estructura de costos de energía para operaciones mineras:

• Costo promedio de electricidad: $ 0.03 por kWh
• Consumo de energía total: 90 MW
• Gasto de energía anual: $ 9.6 millones

Capacidades de minería tecnológica avanzada

Especificaciones de hardware minero:

Tipo de hardware	Cantidad	Tasa de hash
Antminer S19 XP	1.850 unidades	140 th/s
Antminer S19 Pro	435 unidades	110 th/s

Digihost Technology Inc. (DGHI) - Modelo de negocios: relaciones con los clientes

Compromiso directo con inversores de criptomonedas institucionales

A partir del cuarto trimestre de 2023, la tecnología Digihost mantiene relaciones directas con 7 socios de inversión de criptomonedas institucionales. La base de inversores de la compañía incluye:

Tipo de inversor	Número de socios institucionales	Volumen de inversión aproximado
Fondos de criptomonedas	3	$ 14.2 millones
Empresas de capital privado	2	$ 8.7 millones
Grupos de inversión de blockchain	2	$ 6.5 millones

Informes de rendimiento en línea y transparencia

Digihost proporciona métricas de rendimiento en tiempo real a través de:

• Informes financieros trimestrales
• Paneles de rendimiento de infraestructura minera mensual
• Análisis detallado de eficiencia minera de criptomonedas

Soporte técnico para la infraestructura minera

Métricas de soporte técnico para 2023:

Métrico de soporte	Actuación
Tiempo de respuesta promedio	2.3 horas
Tickets de soporte anual	428
Tasa de resolución	97.6%

Plataformas de comunicación de inversores

Los canales de comunicación incluyen:

• Sitio web de relaciones con inversores dedicados
• Presentaciones trimestrales de seminarios web
• Sistemas directos de comunicación por correo electrónico
• Portal de inversores seguro

Actualizaciones financieras y operativas regulares

Actualización de frecuencia y canales:

Tipo de actualización	Frecuencia	Método de distribución
Informes financieros	Trimestral	Presentaciones de la SEC, sitio web de inversores
Rendimiento operativo	Mensual	Boletín de inversores, tablero en línea
Métricas mineras de bitcoin	Semanalmente	Portal de inversores seguro

Digihost Technology Inc. (DGHI) - Modelo de negocios: canales

Sitio web corporativo

Digihost Technology Inc. mantiene un sitio web corporativo oficial en www.digihostinc.com para la comunicación de inversores y partes interesadas.

Característica del sitio web	Detalles
Lanzamiento del sitio web	Operativo desde 2021
Visitantes del sitio web anual	Aproximadamente 45,000
Secciones de información del inversor	Informes financieros, comunicados de prensa, presentaciones corporativas

Plataformas de relaciones con los inversores

Digihost utiliza múltiples canales de comunicación de inversores.

• Sedar (sistema para análisis y recuperación de documentos electrónicos)
• Edgar (recopilación, análisis y recuperación electrónica de datos)
• Plataforma de Bolsa Americana de NYSE

Conferencias de la industria de criptomonedas

Conferencia	Estado de participación	Frecuencia anual
Conferencia de bitcoin	Participante activo	2 veces al año
Cumbre de tecnología blockchain	Altavoz	1 vez por año

Redes de comunicación de inversores digitales

• LinkedIn corporativo Profile
• Cuenta oficial de Twitter
• Lista de distribución por correo electrónico de relaciones con los inversores

Canales de informes del mercado financiero

Plataforma de informes	Frecuencia de informes
Informes financieros trimestrales	4 veces al año
Presentación del informe anual	1 vez por año
Informes de cambio de material	Según sea necesario

Digihost Technology Inc. (DGHI) - Modelo de negocios: segmentos de clientes

Inversores de criptomonedas institucionales

A partir del cuarto trimestre de 2023, Digihost atiende a inversores institucionales con características específicas:

Métrico de segmento	Valor
Tamaño de inversión promedio	$ 5.2 millones
Clientes institucionales	17 inversores institucionales activos
Ingresos anuales de minería de criptomonedas	$ 18.3 millones del segmento institucional

Empresas de tecnología blockchain

El segmento de clientes de tecnología blockchain de Digihost incluye:

• 8 empresas de tecnología blockchain de nivel empresarial
• Asociaciones de infraestructura minera colaborativa
• Ingresos anuales de empresas blockchain: $ 4.7 millones

Grupos de inversión energética sostenible

Métricas clave para el segmento de inversión energética sostenible:

Métrica de sostenibilidad	Valor
Inversores de energía verde	6 grupos dedicados de inversión de energía sostenible
Utilización de energía renovable	72% de las operaciones mineras impulsadas por fuentes renovables
Ingresos anuales de inversión verde	$ 7.9 millones

Empresas de gestión de activos digitales

Detalles del segmento de clientes de gestión de activos digitales:

• 12 compañías activas de gestión de activos digitales
• Valor promedio del contrato: $ 1.3 millones por cliente
• Ingresos totales del segmento: $ 15.6 millones anuales

Entusiastas de la minería de criptomonedas

Características del segmento de clientes mineros de criptomonedas individuales:

Métrica de segmento de entusiastas	Valor
Clientes mineros individuales	245 entusiastas de la minería registrada
Inversión individual promedio	$87,000
Ingresos del segmento total de entusiastas	$ 21.3 millones anuales

Digihost Technology Inc. (DGHI) - Modelo de negocio: Estructura de costos

Adquisición de equipos de minería de bitcoin

A partir del cuarto trimestre de 2023, los costos de adquisición de equipos de la tecnología Digihost incluyeron:

Tipo de equipo	Cantidad	Costo por unidad	Inversión total
Antminer S19 Pro	2.500 unidades	$3,995	$9,987,500
Antminer S19 XP	1.200 unidades	$6,500	$7,800,000

Gastos de consumo de energía

Costos de energía para las operaciones mineras de bitcoin:

• Consumo de electricidad anual total: 180 megavatios
• Tasa de electricidad promedio: $ 0.045 por kWh
• Gastos de energía anuales estimados: $ 70.2 millones

Costos operativos del centro de datos

Categoría de gastos operativos	Costo anual
Mantenimiento de la instalación	$ 3.5 millones
Sistemas de enfriamiento	$ 2.1 millones
Infraestructura de seguridad	$ 1.8 millones

Mantenimiento de la infraestructura tecnológica

Gastos de mantenimiento de infraestructura tecnológica anual:

• Reemplazo de hardware: $ 4.5 millones
• Licencias de software: $ 1.2 millones
• Actualizaciones de infraestructura de red: $ 2.3 millones

Personal y gastos técnicos de la fuerza laboral

Categoría de empleado	Número de empleados	Salario anual promedio	Costo total de personal
Personal técnico	85	$120,000	$ 10.2 millones
Gestión	12	$250,000	$ 3 millones
Personal de apoyo	38	$75,000	$ 2.85 millones

Digihost Technology Inc. (DGHI) - Modelo de negocios: flujos de ingresos

Recompensas de minería de bitcoin

A partir del cuarto trimestre de 2023, la tecnología Digihost generó $ 11.2 millones en ingresos mineros de Bitcoin. La salida de la minería de Bitcoin fue de 235.6 bitcoin para el año. La capacidad de la flota minera alcanzó 3.0 eh/s.

Métrico minero	Valor
Bitcoin total minado	235.6 BTC
Ingresos mineros	$ 11.2 millones
Capacidad minera	3.0 eh/s

Tarifas de transacción de criptomonedas

Los ingresos por la tarifa de transacción para 2023 fueron de aproximadamente $ 427,000, lo que representa el 3.8% del ingreso total relacionado con la minería.

Comercio de activos digitales

El comercio de activos digitales contribuyó con $ 638,500 a las fuentes de ingresos de Digihost en 2023.

Servicios de alojamiento de infraestructura

Los servicios de alojamiento de infraestructura generaron $ 2.3 millones en ingresos anuales para 2023.

Tipo de servicio de alojamiento	Ingresos anuales
Infraestructura de blockchain	$ 1.4 millones
Computación en la nube	$900,000

Arrendamiento de infraestructura tecnológica

Los ingresos por arrendamiento de infraestructura tecnológica alcanzaron los $ 1.75 millones en 2023.

• Arrendamiento de equipos mineros: $ 1.2 millones
• Arrendamiento de infraestructura del centro de datos: $ 550,000

Digihost Technology Inc. (DGHI) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers choose Digihost Technology Inc. as of late 2025. It's not just about mining anymore; it's about energy infrastructure and high-performance computing power.

Vertically integrated model for low and stable power costs

Digihost Technology Inc. uses an Energy-First Model. This means the company owns its energy infrastructure, which gives it a low-cost, long-term power supply. This setup insulates Digihost Technology Inc. from the volatile spot-market energy prices that hit many competitors hard. This is a defintely key differentiator for cost stability.

Revenue diversification across crypto, energy, and HPC/AI

The business is clearly moving beyond just Bitcoin. For the month of February 2025, the total revenue hit approximately $4.7 million. That revenue came from a near-even split, with 53% generated from mining and 47% from energy sales. To be fair, the energy segment is accelerating fast; Q3 2025 saw energy revenue surge by 112% year-over-year, reaching $8.7 million. The net profit from those energy and power sales in February 2025 alone was approximately $690,000.

Here's a quick look at that February 2025 revenue split:

Revenue Source	Percentage of Total Revenue (Feb 2025)	Revenue Amount (Feb 2025, approx.)
Bitcoin Mining	53%	$2.49 million
Energy/Power Sales	47%	$2.2 million

Operational flexibility via load curtailment for high-margin energy sales

You see the value of that energy infrastructure when the grid needs help. In January 2025, Digihost Technology Inc. actively participated in load curtailment programs for approximately seven days because of high energy costs. This move directly reduced their BTC mining costs and provided crucial grid reliability. The broader market context shows this flexibility is valuable; studies suggest US grids could integrate up to 126 GW of new load with just a 1% annual curtailment rate from flexible assets like data centers. Digihost Technology Inc.'s participation is a direct monetization of this grid service.

Commitment to over 90% zero-carbon emission energy sources

Sustainability is baked into the power sourcing. Digihost Technology Inc. currently operates with greater than 90% zero emissions from its power consumption. Specifically, one of its facilities in New York's Zone-A region is powered by more than 90% zero emissions generation. This commitment strengthens its position in an ESG-focused market.

Transition to higher-margin Tier 3 AI/HPC data center services

The strategic pivot is toward higher-margin services through its subsidiary, US Data Centers, Inc. The plan centers on transforming the Columbiana, Alabama site into a state-of-the-art Tier 3 data center. This project is planned in two phases:

• Phase I: 22 MW capacity, targeted for Q2 2026, with planned capital expenditures of approximately $176 million.
• Phase II: 33 MW capacity, targeted for Q1 2027, with planned capital expenditures of approximately $264 million.

The total aggregate planned capacity for the AI/HPC build-out is 55 MW, with an estimated total capital expenditure of approximately $440 million. Still, the Alabama campus is designed to deliver 40 MW of critical power for this new high-margin focus immediately.

Finance: draft 13-week cash view by Friday.

Digihost Technology Inc. (DGHI) - Canvas Business Model: Customer Relationships

You're looking at how Digihost Technology Inc. (DGHI) manages its connections with different customer groups as of late 2025. It's not one-size-fits-all; the approach changes based on whether you are selling power capacity, hosting compute, or talking to the market.

Automated, high-uptime service for colocation clients

For the core hosting business, the relationship is built on infrastructure reliability. Digihost Technology Inc. currently operates with approximately 100MW of available power across its three U.S. sites, with plans to expand capacity to 200MW. The new AI-ready modular systems, like the ARMS 200 pods, are designed to comply with TIA-942 Tier III standards, which means fault-tolerant infrastructure guaranteeing redundancy and uptime, aiming for no more than 1.6 hours of downtime a year. The company is actively advancing long-term colocation and AI compute agreements with multiple potential customers.

Here's a quick look at the infrastructure scale supporting these uptime promises:

Metric	Value (Late 2025)	Context
Current Operating Power Capacity	100MW	Across three U.S. sites.
Targeted Power Capacity Expansion	200MW	Future goal for capacity.
Data Center Standard Adhered To	Tier III	For redundancy and uptime compliance.
ARMS 200 Pod Deployment Start	Q4 2025	First assembly began.

Dedicated account management for large utility power sales contracts

When Digihost Technology Inc. sells capacity back to the grid, the relationship is more direct and contract-driven, focusing on large-scale energy transactions. This is evident in the financial performance tied to energy sales. For February 2025, gross energy and power revenue hit a record of approximately $2.2 million, which was 47% of the aggregate total revenue for that month. The net profit from these energy sales alone was approximately $690,000 in February 2025. By the third quarter of 2025, energy revenue surged by 112% year-over-year, reaching $8.7 million. This segment requires dedicated management to handle dispatchable supply and grid reliability commitments, such as the voluntary load curtailment programs they use to manage peak pricing periods.

Direct sales and technical support for future HPC/AI clients

The relationship with future High-Performance Computing (HPC) and Artificial Intelligence (AI) clients is being established now through the US Data Centers subsidiary. This involves direct engagement to secure future, high-value compute agreements. The company is converting its Columbiana, Alabama site into a Tier III data center to support these workloads. This project has a total planned capital expenditure estimated at approximately $440 million, broken down into Phase I (22MW) targeted for Q2 2026 and Phase II (33MW) targeted for Q1 2027. Furthermore, an approved 60-megawatt load study in New York signals readiness for further AI expansions, which will require direct technical sales support to fill that capacity.

Key milestones for the HPC/AI client pipeline include:

• US Data Centers subsidiary launched in early 2025.
• Alabama Phase I (22MW) expected operational in Q2 2026.
• Alabama Phase II (33MW) expected operational in Q1 2027.
• First NVIDIA B200 cluster build on track for Q1 2026 activation.

Investor relations for transparent financial reporting

For shareholders, the relationship is managed through clear, timely financial disclosure. Digihost Technology Inc. demonstrated a significant financial turnaround in Q3 2025, reporting a positive net income of $300,000, which reversed a $6.4 million loss from the prior year. Liquidity improved substantially, with working capital increasing from $500,000 to $15 million in Q3 2025. Critically, the company maintains zero long-term debt, a key point for investor confidence. Reporting cadence includes filing an Annual Report, with past filings noted around March and September dates, such as the March 05, 2025, filing for the previous fiscal year.

Investor-relevant financial metrics as of late 2025 reporting:

• Q3 2025 Net Income: $300,000 (positive).
• Year-over-year Net Income change: Reversal of a $6.4 million loss.
• Q3 2025 Working Capital: $15 million.
• Long-Term Debt: Zero.

Finance: draft 13-week cash view by Friday.

Digihost Technology Inc. (DGHI) - Canvas Business Model: Channels

You're looking at how Digihost Technology Inc. (DGHI) gets its value proposition to the customer, which is a mix of energy services and high-performance computing infrastructure now. Here's the breakdown of their channels as of late 2025.

Direct power sales connection to the utility grid

This channel is central to Digihost Technology Inc.'s strategy to be an energy infrastructure player, not just a miner. They actively use their owned power assets to participate in load curtailment programs, which means temporarily throttling back mining to sell power directly back to the grid when demand spikes.

The financial impact of this channel was significant in early 2025. For the month of February 2025, energy sales accounted for approximately 47% of total monthly revenue. That month saw a record gross energy and power revenue of approximately $2.2 million, which was a 633% jump from January 2025. The net profit generated from these energy sales alone in February 2025 was approximately $690,000. By the third quarter of 2025, this revenue stream was still growing, with energy revenue surging by 112% to $8.7 million.

Operationally, Digihost Technology Inc. currently utilizes approximately 100MW of available power across its three U.S. sites, with stated plans to expand this capacity to 200MW and beyond. A key part of this infrastructure channel is the strategic partnership with NANO Nuclear Energy, which is set to provide power for the 60MW New York facility.

Company website and digital platforms for investor communication

For communicating with investors and the market, Digihost Technology Inc. relies on standard regulatory filings and dedicated digital properties. The company's pivot toward AI infrastructure is highlighted by the new digital presence for its subsidiary, with the US Data Centers website located at www.usdatacenters.ai.

Investor communication channels also involve regular operational updates, such as the February 2025 production update and the Q3 2025 earnings call transcript. The company's stock trades on NASDAQ under the ticker DGHI.

Direct sales team for colocation and future HPC data center contracts

This channel represents the future revenue driver, moving away from pure crypto mining to high-margin data center services. Digihost Technology Inc. is transforming its Columbiana, Alabama site into a Tier 3 data center via its US Data Centers subsidiary to secure colocation and High-Performance Computing (HPC) contracts.

The scale of this direct sales effort is tied to the build-out plan. The total planned capacity for the Alabama conversion is 55MW, split into two phases. This is a massive undertaking for a company with a market capitalization around $59.94 million as of November 2025.

Project Phase	Planned Capacity	Target Completion	Planned Capital Expenditure
Phase I (Alabama)	22 MW	Q2 2026	Approximately $176 million
Phase II (Alabama)	33 MW	Q1 2027	Approximately $264 million
Total Project	55 MW	N/A	Estimated at approximately $440 million

The company has already started the physical build-out; the first ARMS 200 Tier 3 AI pod assembly began in Q4 2025, scheduled to be online in Q1 2026. Furthermore, they plan to launch the NeoCloud Z GPU-as-a-Service platform in January 2026, which will be another direct offering to HPC/AI customers.

Cryptocurrency exchanges for liquidating mined Bitcoin

The legacy channel involves liquidating mined Bitcoin to generate cash flow, which is then strategically used for operations and capital expenditures. While the focus is shifting, this remains a direct path to fiat currency for a portion of their revenue.

In February 2025, the company produced approximately 30 BTC through self-mining and hosting agreements. The revenue from this mining activity was approximately $2.7 million for the month, based on a BTC price of $84,373 as of February 28, 2025. This represented approximately 53% of the aggregate total revenue of $4.7 million for that month. As of Q3 2025, Digihost Technology Inc. held 97 Bitcoin, with the total digital currency value reported at $15.4 million.

The company maintains a strong balance sheet to support this, reporting zero long-term debt and increasing working capital from $500,000 to a robust $15 million in Q3 2025. They invested approximately $2.5 million in February 2025 on capital expenditures and infrastructure, which was partially funded by these liquidations.

• Cash, BTC, and cash deposits were approximately $10.1 million on February 28, 2025.
• Total digital currency value was up 213% year-over-year as of Q3 2025.
• The company aims to profitably liquidate its digital currency inventory as required.

Finance: draft the cash flow impact of the $9.5 million year-to-date CapEx by Monday.

Digihost Technology Inc. (DGHI) - Canvas Business Model: Customer Segments

You're looking at the key groups Digihost Technology Inc. (DGHI) serves right now, based on their late 2025 strategic pivot. It's not just about mining anymore; you see energy, specialized computing, and the public market all playing a part.

Energy market/utility grid operators purchasing power capacity

This segment is about Digihost Technology Inc. (DGHI) acting as a power supplier, not just a consumer. Their owned power assets allow them to participate in energy markets through load curtailment programs, selling power back when the grid needs it most. This flexibility is a major differentiator for this customer group.

The financial impact from this segment was significant in early 2025. The net profit from energy and power sales hit approximately $690,000 in February 2025. Also, the gross energy and power revenue for that same month was a record at approximately $2.2 million. By the third quarter of 2025, energy revenue alone surged by 112% to reach $8.7 million. In February 2025, energy sales accounted for approximately 47% of the total monthly revenue.

The underlying resource supporting these sales is the power capacity itself:

• Current available power across three U.S. sites is approximately 100MW.
• Expansion plans target capacity of 200MW and beyond.

Institutional and large-scale cryptocurrency miners (colocation clients)

Digihost Technology Inc. (DGHI) provides hosting services, which means they offer space and power for other miners' equipment. This is a move to secure more predictable, recurring revenue streams compared to self-mining.

The operational output from this segment, combined with self-mining, shows the scale of activity in February 2025. Miners at the facilities produced approximately 30 BTC during that month through self-mining and hosting agreements. The revenue derived from mining, which includes hosting fees, was approximately $2.7 million in February 2025, based on a BTC price of $84,373 as of February 28, 2025. The company has stated it expects to continue expanding the portion of its revenue from colocation services.

High-Performance Computing (HPC) and AI clients needing Tier 3 data centers

This represents the company's major strategic pivot, executed through the US Data Centers subsidiary formed in early 2025. These clients require infrastructure that is resilient and purpose-built for intensive computing workloads.

The commitment to this segment is reflected in the planned infrastructure build-out in Columbiana, Alabama, which is designed to meet the high standards required by AI workloads:

Metric	Phase 1 Details	Phase 2 Details	Total Project
Planned Capacity (MW)	22 MW	33 MW	55 MW
Target Completion	Q2 2026	Q1 2027	N/A
Planned Capital Expenditure	$176 million	$264 million	Approximately $440 million

The infrastructure is being built to achieve Tier 3 Certification, which guarantees 99.982% uptime. Furthermore, the ARMS 200 Tier 3 AI pod assembly started in Q4 2025, with deployment across Tier 3 sites planned beginning January 2026.

Public equity investors seeking exposure to diversified energy/crypto/AI

This group consists of shareholders on the Nasdaq (DGHI) and TSXV exchanges who are looking for a diversified play across energy infrastructure, digital assets, and emerging AI compute. The company reported a significant financial turnaround in Q3 2025, which directly impacts investor sentiment.

Key financial metrics relevant to this customer segment as of late 2025 include:

• Market Capitalization as of November 2025: approximately $59.94 million.
• Q3 2025 Net Income: a positive $300,000, reversing a $6.4 million loss from the prior year.
• Working Capital improvement: increased from $500,000 to $15 million in Q3 2025.
• Digital Currency Holdings Value: Total digital currency value was $15.4 million, up 213% year over year (as of February 28, 2025).
• The company maintains zero long-term debt.

Digihost Technology Inc. (DGHI) - Canvas Business Model: Cost Structure

You're looking at the core expenses that keep the lights on and the servers running for DigiPower X Inc. (formerly Digihost Technology Inc.) as of late 2025. The cost structure is heavily weighted toward infrastructure and energy, which makes sense for a company operating large-scale data centers and energy assets.

The company has been actively managing these costs while simultaneously investing in future capacity. For instance, the strategic decision to participate in load curtailment programs, while reducing monthly Bitcoin production by 17% in January 2025 compared to December 2024, was a move to optimize costs during high energy price periods. This flexibility is a key part of managing the variable energy expense. The company maintained a zero-debt position while funding these investments.

Here are the key financial metrics that define the cost side of the equation:

• Significant capital expenditures for infrastructure build-out, including an investment of $1.2 million in January 2025 for capital expenditures, mining infrastructure support equipment, and deposits.
• Costs associated with carbon compliance and renewable energy certificates, highlighted by the plan for 100% of operations to achieve carbon neutrality by the end of 2025.
• Involvement in renewable energy assets, specifically being the anchor subscriber to a 5-megawatt community solar project.

The focus on efficiency is clear when you look at the year-to-date improvements through Q3 2025.

Cost Component	Period	Amount (USD)
Cost of Revenue (Cost of Sales)	Three Months Ended September 30, 2025	$8,999,194
Cost of Revenue (Cost of Sales)	Nine Months Ended September 30, 2025	$27,997,827
Reduction in Cost of Revenue and Depreciation	Year-to-Date (Q3 2025)	$9.3 million
Depreciation and Amortization Expense Decrease	Nine Months Ended September 30, 2025 (Year-over-Year)	$6,448,390
Capital Expenditures & Infrastructure Investment	January 2025	$1.2 million

Power generation and maintenance costs for owned energy assets are a major driver, though specific maintenance dollar figures aren't broken out separately from the Cost of Sales. However, the energy revenue for Q3 2025 was $8.7 million, showing the scale of the energy component of the business. The operational costs for mining hardware and data center management are embedded within the Cost of Sales figure, which was $37,300,862 for the nine-month period ended September 30, 2024, for comparison. The company is planning a significant AI infrastructure build-out for 2026, starting with 5 megawatts in Q1 2026, which will introduce new capital and operational costs.

To be fair, the reduction in Cost of Revenue and Depreciation by $9.3 million year-to-date is a strong indicator of successful cost management, likely driven by asset optimization and the shift in revenue mix toward higher-margin energy services. Finance: draft 13-week cash view by Friday.

Digihost Technology Inc. (DGHI) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Digihost Technology Inc. (DGHI) as of late 2025, and it's clear the company has moved well beyond just selling mined Bitcoin. The model is now a deliberate mix of energy monetization, digital asset revenue, and high-value hosting services. This diversification is key to understanding their current valuation profile.

The energy segment has become a powerhouse. Energy sales to the grid, driven by their power plant assets and participation in load curtailment programs, surged 112% to reach $8.7 million in Q3 2025. This stream provides a crucial, non-crypto-dependent income floor. To be fair, the operational flexibility this offers is a major differentiator for Digihost Technology Inc. in the infrastructure space.

For the month of February 2025, the total revenue hit approximately $4.7 million. The revenue split for that month clearly showed the dual focus:

Revenue Source (February 2025)	Approximate Amount	Percentage of Total Revenue
Self-Mined Bitcoin (BTC) Revenue	Approx. $2.7 million	Approx. 53%
Energy Sales to the Grid	Approx. $2.2 million	Approx. 47%

The profitability of the energy segment is also notable. The net profit derived specifically from energy and power sales was approximately $690,000 in February 2025. This directly contributed to the company achieving a positive net income of $300,000 in Q3 2025, reversing a $6.4 million loss from the previous year.

Beyond these two primary streams, Digihost Technology Inc. secures recurring revenue through hosting services. This is where the colocation business fits in:

• Colocation hosting fees from third-party miners.
• Historical quarterly revenue from colocation service agreements for the three-month period ended September 30, 2024, was $7,076,259.

The future growth story is heavily weighted toward high-performance computing (HPC). The company is actively transitioning infrastructure to capture higher-margin, more predictable contracts. This is where the planned NeoCloud Z GPU-as-a-Service and HPC data center services come in. The expectation for this segment is:

• Future revenue from NeoCloud Z GPU-as-a-Service and HPC data center services (projected 20-25% of total revenue).

Honestly, the move to HPC is about capturing higher multiples on their power assets. For instance, the planned 22MW Phase I of the Tier 3 data center in Alabama, targeted for completion in Q2 2026, is valued significantly higher per megawatt than traditional mining operations.