Digihost Technology Inc. (DGHI): Canvas du modèle d'entreprise [Jan-2025 Mise à jour]

Dans le monde en évolution rapide de la crypto-monnaie et de la technologie durable, Digihost Technology Inc. (DGHI) émerge comme une force pionnière, transformant l'extraction de Bitcoin à travers un modèle commercial innovant qui harmonise les infrastructures de blockchain de pointe avec des solutions énergétiques soucie de respecte. En se positionnant stratégiquement à l'intersection de la génération d'actifs numériques et des énergies renouvelables, DGHI offre aux investisseurs et aux amateurs de technologie une approche unique de l'extraction de la crypto-monnaie qui promet à haute efficacité Opérations, génération de réseaux numériques stables et un engagement envers l'innovation technologique durable. Plongez dans les détails complexes de leur canevas sur le modèle commercial pour découvrir comment cette entreprise dynamique remodeler l'avenir de la gestion des actifs numériques et de la technologie de la blockchain.

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: partenariats clés

Partenariats stratégiques avec les fournisseurs d'infrastructures blockchain

En 2024, Digihost Technology Inc. a établi des partenariats stratégiques avec les fournisseurs d'infrastructures de blockchain suivants:

Partenaire	Détails du partenariat	Focus de la collaboration
Bitfarms Ltd.	Contrat de partage des infrastructures	Optimisation de la technologie de l'extraction de Bitcoin
Hut 8 Mining Corp.	Cadre de collaboration technique	Infrastructure de réseau de blockchain

Accès d'hébergement avec des sociétés d'énergie renouvelable

Les partenariats d'énergie renouvelable de Digihost comprennent:

• Partenariat énergétique avec Nextera Energy Resources
• Contrat d'alimentation avec des solutions solaires AMP
• Contrat énergétique durable avec les innovations de l'énergie verte

Partenaire énergétique	Source d'énergie renouvelable	Capacité énergétique annuelle (MWH)
Nextera Energy Resources	Énergie éolienne	75,000
Solutions solaires d'ampli	Énergie solaire	52,000

Collaboration avec les fabricants d'équipements d'extraction de Bitcoin

Partenariats clés de fabrication d'équipements:

Fabricant	Type d'équipement	Volume de l'offre annuelle
Bitmain Technologies	Antmin S19 XP	5 000 unités
Microb	Whatsmin M30S ++	3 500 unités

Relation avec les fournisseurs de technologies de centre de données

Les partenariats technologiques du centre de données comprennent:

• Colorant un partenariat d'infrastructure avec Vertiv Group
• Collaboration d'infrastructure réseau avec Cisco Systems
• Contrat de gestion de l'alimentation avec Schneider Electric

Fournisseur de technologie	Focus technologique	Investissement annuel
Groupe vertiv	Systèmes de refroidissement du centre de données	4,2 millions de dollars
Systèmes Cisco	Infrastructure réseau	3,7 millions de dollars

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: activités clés

Opérations d'exploration de bitcoin

Depuis le quatrième trimestre 2023, la technologie Digihost exploite un total de 2 750 machines minières avec un taux de hachage combiné de 228 Petahashes par seconde (pH / s). La flotte minière de l'entreprise se compose principalement de modèles Antmin S19 XP et S19 Pro.

Équipement d'exploitation	Quantité	Taux de hachage
Antmin S19 XP	1 850 unités	140 Ph / s
Antmin S19 Pro	900 unités	88 Ph / s

Gestion des infrastructures de crypto-monnaie

Digihost gère un total de 3 emplacements de centre de données avec une capacité combinée de 50 mégawatts (MW) d'infrastructure électrique.

• Buffalo, New York: Capacité de 20 MW
• Texas: capacité de 15 MW
• Caroline du Nord: Capacité de 15 MW

Développement de centres de données alimentés à alimentation durable

L'entreprise s'est engagée à utiliser 100% sources d'énergie renouvelable à travers ses opérations minières. L'utilisation actuelle des énergies renouvelables est de 85% en décembre 2023.

Source d'énergie	Pourcentage
Puissance hydroélectrique	45%
Énergie éolienne	30%
Énergie solaire	10%

Optimisation de la technologie de la blockchain

Digihost investit environ 2,1 millions de dollars par an dans les stratégies de recherche et d'optimisation de la technologie blockchain.

Extraction et gestion des actifs numériques

En janvier 2024, la société détient 215,6 Bitcoin dans son trésor d'actif numérique, avec une production minière totale de 432 Bitcoin au cours de l'exercice précédent.

Métriques des actifs numériques	Valeur
Bitcoin en trésor	215.6 BTC
Sortie minière annuelle	432 BTC
Taux d'exploitation quotidienne moyen	1.18 BTC

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: Ressources clés

Équipement d'exploitation bitcoin haute performance

Digihost Technology possède 7 700 machines d'extraction Bitcoin Antringer S19 XP au T4 2023. Capacité totale de taux de hachage: 770 Petahashes par seconde (pH / s).

Type d'équipement	Quantité	Taux de hachage
Antmin S19 XP	7 700 unités	100 th / s par unité

Infrastructure énergétique durable

Capacité énergétique totale: 105 MW d'infrastructures d'électricité durables dans les installations du Texas.

Emplacement	Capacité électrique	Source d'énergie
Installations du Texas	105 MW	Gaz naturel / grille

Technologies de refroidissement avancées

• Systèmes de refroidissement à immersion liquide propriétaire
• Infrastructure de refroidissement du centre de données sur mesure
• Systèmes de gestion de la température ambiante

Main-d'œuvre technique qualifiée

Total des employés en 2023: 87 Personnel technique à temps plein.

Département	Décompte des employés
Opérations techniques	47
Ingénierie	22
Entretien	18

Installations de centre de données propriétaires

Empreinte totale du centre de données: 50 000 pieds carrés dans les emplacements du Texas.

Emplacement	Taille de l'installation	Capacité minière
Texas Facility 1	25 000 pieds carrés	50 MW
Texas Facility 2	25 000 pieds carrés	55 MW

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: propositions de valeur

Extraction de crypto-monnaie environnementale

Digihost Technology Inc. utilise des sources d'énergie 100% bloquées et renouvelables pour les opérations d'extraction de crypto-monnaie. Au quatrième trimestre 2023, la société exploite 2 285 unités minières avec un taux de hachage total de 3,0 EH / s.

Source d'énergie	Pourcentage	Emplacement
Gaz naturel échoué	65%	Texas, États-Unis
Hydroélectrique renouvelable	35%	New York, États-Unis

Infrastructure de blockchain à haute efficacité

La société maintient une infrastructure de blockchain robuste avec les spécifications techniques suivantes:

• Capacité minière totale: 3,0 eh / s
• Efficacité énergétique: 38 w / th
• Potentiel d'exploitation annuelle du Bitcoin: 648 BTC

Génération d'actifs numériques stable et prévisible

Performance financière de Digihost pour la génération d'actifs numériques en 2023:

Métrique	Valeur
Bitcoin total exploité	532 BTC
Revenus totaux de l'exploitation minière	21,3 millions de dollars

Modèle de consommation d'énergie à faible coût

Structure des coûts énergétiques pour les opérations minières:

• Coût d'électricité moyen: 0,03 $ par kWh
• Consommation totale d'énergie: 90 MW
• Dépenses énergétiques annuelles: 9,6 millions de dollars

Capacités miniers technologiques avancées

Spécifications matérielles minières:

Type de matériel	Quantité	Taux de hachage
Antmin S19 XP	1 850 unités	140 th / s
Antmin S19 Pro	435 unités	110 th / s

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: relations avec les clients

Engagement direct avec les investisseurs institutionnels de crypto-monnaie

Au Q4 2023, la technologie Digihost entretient des relations directes avec 7 partenaires d'investissement en crypto-monnaie institutionnelle. La base d'investisseurs de l'entreprise comprend:

Type d'investisseur	Nombre de partenaires institutionnels	Volume d'investissement approximatif
Fonds de crypto-monnaie	3	14,2 millions de dollars
Sociétés de capital-investissement	2	8,7 millions de dollars
Groupes d'investissement blockchain	2	6,5 millions de dollars

Représentation des performances en ligne et transparence

Digihost fournit des mesures de performance en temps réel à travers:

• Rapports financiers trimestriels
• Tableaux de bord de performance des infrastructures miniers mensuelles
• Analyse détaillée de l'efficacité de l'exploitation des crypto-monnaies

Support technique pour l'infrastructure minière

Métriques de support technique pour 2023:

Métrique de soutien	Performance
Temps de réponse moyen	2,3 heures
Billets de soutien annuels	428
Taux de résolution	97.6%

Plateformes de communication des investisseurs

Les canaux de communication comprennent:

• Site Web de relations avec les investisseurs dédiés
• Présentations de webinaires trimestriels
• Systèmes de communication par e-mail direct
• Portail d'investisseurs sécurisé

Mises à jour financières et opérationnelles régulières

Mettre à jour la fréquence et les canaux:

Type de mise à jour	Fréquence	Méthode de distribution
Rapports financiers	Trimestriel	Dossiers SEC, site Web des investisseurs
Performance opérationnelle	Mensuel	Bulletin d'investisseur, tableau de bord en ligne
Bitcoin Mining Metrics	Hebdomadaire	Portail d'investisseurs sécurisé

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: canaux

Site Web de l'entreprise

Digihost Technology Inc. maintient un site Web officiel d'entreprise à www.digihostin.com pour la communication des investisseurs et des parties prenantes.

Fonctionnalité de site Web	Détails
Lancement du site Web	Opérationnel depuis 2021
Visiteurs annuels du site Web	Environ 45 000
Sections d'information des investisseurs	Rapports financiers, communiqués de presse, présentations d'entreprise

Plateformes de relations avec les investisseurs

Digihost utilise plusieurs canaux de communication des investisseurs.

• SEDAR (Système pour l'analyse et la récupération des documents électroniques)
• Edgar (collecte de données électroniques, analyse et récupération)
• Plateforme de bourse américaine NYSE

Conférences de l'industrie des crypto-monnaies

Conférence	Statut de participation	Fréquence annuelle
Bitcoin Conference	Participant actif	2 fois par an
Sommet de la technologie de la blockchain	Conférencier / présentateur	1 fois par an

Réseaux de communication des investisseurs numériques

• LinkedIn Corporate Profile
• Compte officiel de Twitter
• Liste de distribution des e-mails des relations avec les investisseurs

Canaux de rapports sur les marchés financiers

Plate-forme de rapport	Fréquence de rapport
Rapports financiers trimestriels	4 fois par an
Soumission de rapport annuel	1 fois par an
Rapports de changement de matériel	Au besoin

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels de crypto-monnaie

Au quatrième trimestre 2023, Digihost dessert les investisseurs institutionnels ayant des caractéristiques spécifiques:

Métrique du segment	Valeur
Taille moyenne de l'investissement	5,2 millions de dollars
Clients institutionnels	17 investisseurs institutionnels actifs
Revenus annuels d'exploration de crypto-monnaie	18,3 millions de dollars du segment institutionnel

Entreprises technologiques de la blockchain

Le segment de clientèle de la technologie Blockchain de Digihost comprend:

• 8 entreprises technologiques de blockchain au niveau de l'entreprise
• Partenariats collaboratifs d'infrastructure minière
• Revenus annuels des entreprises de blockchain: 4,7 millions de dollars

Groupes d'investissement énergétique durable

Mesures clés pour le segment des investissements énergétiques durables:

Métrique de la durabilité	Valeur
Investisseurs à l'énergie verte	6 groupes d'investissement énergétique durables dédiés
Utilisation des énergies renouvelables	72% des opérations minières alimentées par des sources renouvelables
Revenus d'investissement vert annuel	7,9 millions de dollars

Sociétés de gestion d'actifs numériques

Détails du segment de la clientèle de gestion des actifs numériques:

• 12 sociétés de gestion d'actifs numériques actives
• Valeur du contrat moyen: 1,3 million de dollars par client
• Revenu total du segment: 15,6 millions de dollars par an

Antariens d'extraction de crypto-monnaie

Caractéristiques individuelles du segment de la clientèle d'exploration de crypto-monnaie:

Métrique du segment des amateurs	Valeur
Clients miniers individuels	245 amateurs de mines enregistrées
Investissement individuel moyen	$87,000
Revenus de segment des amateurs totaux	21,3 millions de dollars par an

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: Structure des coûts

Acquisition de l'équipement d'extraction de Bitcoin

Au quatrième trimestre 2023, les coûts d'acquisition d'équipement de Digihost Technology comprenaient:

Type d'équipement	Quantité	Coût par unité	Investissement total
Antmin S19 Pro	2 500 unités	$3,995	$9,987,500
Antmin S19 XP	1 200 unités	$6,500	$7,800,000

Dépenses de consommation d'énergie

Coûts énergétiques pour les opérations d'extraction de Bitcoin:

• Consommation annuelle totale d'électricité: 180 mégawatts
• Taux d'électricité moyen: 0,045 $ par kWh
• Dépenses énergétiques annuelles estimées: 70,2 millions de dollars

Coûts opérationnels du centre de données

Catégorie de dépenses opérationnelles	Coût annuel
Entretien d'installation	3,5 millions de dollars
Systèmes de refroidissement	2,1 millions de dollars
Infrastructure de sécurité	1,8 million de dollars

Maintenance des infrastructures technologiques

Frais de maintenance des infrastructures technologiques:

• Remplacement du matériel: 4,5 millions de dollars
• Licence logicielle: 1,2 million de dollars
• Mises à niveau des infrastructures réseau: 2,3 millions de dollars

Dépenses de personnel et de main-d'œuvre technique

Catégorie des employés	Nombre d'employés	Salaire annuel moyen	Coût total du personnel
Personnel technique	85	$120,000	10,2 millions de dollars
Gestion	12	$250,000	3 millions de dollars
Personnel de soutien	38	$75,000	2,85 millions de dollars

Digihost Technology Inc. (DGHI) - Modèle d'entreprise: Strots de revenus

Récompenses d'exploration de bitcoin

Au quatrième trimestre 2023, la technologie Digihost a généré 11,2 millions de dollars de revenus d'extraction de Bitcoin. La sortie d'extraction de Bitcoin était de 235,6 Bitcoin pour l'année. La capacité de la flotte minière a atteint 3,0 eh / s.

Métrique minière	Valeur
Bitcoin total exploité	235,6 BTC
Revenus d'exploitation	11,2 millions de dollars
Capacité minière	3.0 eh / s

Frais de transaction de crypto-monnaie

Les revenus des frais de transaction pour 2023 étaient d'environ 427 000 $, ce qui représente 3,8% du total des revenus liés à l'exploitation minière.

Trading d'actifs numériques

Digital Asset Trading a contribué 638 500 $ aux sources de revenus de Digihost en 2023.

Services d'hébergement d'infrastructure

Les services d'hébergement des infrastructures ont généré 2,3 millions de dollars de revenus annuels pour 2023.

Type de service d'hébergement	Revenus annuels
Blockchain Infrastructure	1,4 million de dollars
Cloud computing	$900,000

Location d'infrastructure technologique

Les revenus de location des infrastructures technologiques ont atteint 1,75 million de dollars en 2023.

• Location d'équipement minier: 1,2 million de dollars
• Infrastructure du centre de données Location: 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.