Digihost Technology Inc. (DGHI): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo em rápida evolução da criptomoeda e tecnologia sustentável, a DigiHost Technology Inc. (DGHI) surge como uma força pioneira, transformando a mineração de bitcoin por meio de um modelo de negócios inovador que harmoniza a infraestrutura de blockchain de ponta com soluções de energia consciente ambiental. Ao se posicionar estrategicamente na interseção de geração de ativos digitais e energia renovável, a DGHI oferece aos investidores e entusiastas da tecnologia uma abordagem única para a mineração de criptomoedas que promete alta eficiência Operações, geração estável de ativos digitais e um compromisso com a inovação tecnológica sustentável. Mergulhe nos detalhes intrincados de seu modelo de negócios, para descobrir como essa empresa dinâmica está remodelando o futuro da gerenciamento de ativos digitais e da tecnologia blockchain.

Digihost Technology Inc. (DGHI) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com fornecedores de infraestrutura de blockchain

A partir de 2024, a DigiHost Technology Inc. estabeleceu parcerias estratégicas com os seguintes provedores de infraestrutura de blockchain:

Parceiro	Detalhes da parceria	Foco de colaboração
BitFarms Ltd.	Contrato de compartilhamento de infraestrutura	Otimização da tecnologia de mineração de bitcoin
Hut 8 Mining Corp.	Estrutura de colaboração técnica	Infraestrutura de rede blockchain

Hospedando acordos com empresas de energia renovável

As parcerias energéticas renováveis ​​da Digihost incluem:

• Parceria energética com a NexTERA Energy Resources
• Contrato de fonte de alimentação com soluções solares AMP
• Contrato de energia sustentável com inovações de energia verde

Parceiro de energia	Fonte de energia renovável	Capacidade anual de energia (MWH)
Recursos Energéticos da Nextera	Energia eólica	75,000
AMP Solar Solutions	Energia solar	52,000

Colaboração com fabricantes de equipamentos de mineração de bitcoin

Principais parcerias de fabricação de equipamentos:

Fabricante	Tipo de equipamento	Volume anual de oferta
Tecnologias Bitmain	Antminer S19 XP	5.000 unidades
Microbt	WhatsMiner M30S ++	3.500 unidades

Relacionamento com fornecedores de tecnologia de data center

As parcerias de tecnologia do data center incluem:

• Parceria de infraestrutura de refrigeração com o Grupo Vertiv
• Colaboração de infraestrutura de rede com sistemas Cisco
• Contrato de gerenciamento de energia com a Schneider Electric

Fornecedor de tecnologia	Foco em tecnologia	Investimento anual
Grupo Vertiv	Sistemas de resfriamento de data center	US $ 4,2 milhões
Sistemas Cisco	Infraestrutura de rede	US $ 3,7 milhões

Digihost Technology Inc. (DGHI) - Modelo de negócios: Atividades -chave

Operações de mineração de Bitcoin

A partir do quarto trimestre 2023, a tecnologia DigiHost opera um total de 2.750 máquinas de mineração com uma taxa de hash combinada de 228 petahashes por segundo (pH/s). A frota de mineração da empresa consiste principalmente nos modelos Antminer S19 XP e S19 Pro.

Equipamento de mineração	Quantidade	Taxa de hash
Antminer S19 XP	1.850 unidades	140 ph/s
Antminer S19 Pro	900 unidades	88 ph/s

Gerenciamento de infraestrutura de criptomoeda

Digihost gerencia um total de 3 locais de data center com uma capacidade combinada de 50 megawatts (MW) de infraestrutura de energia.

• Buffalo, Nova York: Capacidade de 20 MW
• Texas: capacidade de 15 MW
• Carolina do Norte: capacidade de 15 MW

Desenvolvimento de data center sustentável

A empresa se comprometeu a usar Fontes de energia 100% renováveis em suas operações de mineração. A utilização atual de energia renovável é de 85% em dezembro de 2023.

Fonte de energia	Percentagem
Potência hidrelétrica	45%
Energia eólica	30%
Energia solar	10%

Otimização da tecnologia blockchain

A Digihost investe aproximadamente US $ 2,1 milhões anualmente em estratégias de pesquisa e otimização de tecnologia blockchain.

Mineração de ativos digitais e gerenciamento

Em janeiro de 2024, a empresa possui 215,6 bitcoin em seu tesouro de ativos digitais, com uma produção total de mineração de 432 bitcoin no ano fiscal anterior.

Métricas de ativos digitais	Valor
Bitcoin no Tesouro	215.6 BTC
Saída anual de mineração	432 BTC
Taxa média diária de mineração	1.18 BTC

Digihost Technology Inc. (DGHI) - Modelo de negócios: Recursos -chave

Equipamento de mineração de bitcoin de alto desempenho

A DigiHost Technology possui 7.700 máquinas de mineração de Antminer S19 XP Bitcoin a partir do quarto trimestre 2023. Capacidade total da taxa de hash: 770 pecahashes por segundo (ph/s).

Tipo de equipamento	Quantidade	Taxa de hash
Antminer S19 XP	7.700 unidades	100 TH/S por unidade

Infraestrutura de energia sustentável

Capacidade total de energia: 105 MW de infraestrutura de energia sustentável nas instalações do Texas.

Localização	Capacidade de energia	Fonte de energia
Instalações do Texas	105 MW	Gás natural/grade

Tecnologias avançadas de refrigeração

• Sistemas de resfriamento de imersão líquidos proprietários
• Infraestrutura de resfriamento de data center personalizada
• Sistemas de gerenciamento de temperatura ambiente

Força de trabalho técnica qualificada

Total de funcionários a partir de 2023: 87 pessoal técnico em tempo integral.

Departamento	Contagem de funcionários
Operações técnicas	47
Engenharia	22
Manutenção	18

Instalações de data centers proprietárias

Pegada total do data center: 50.000 pés quadrados nos locais do Texas.

Localização	Tamanho da instalação	Capacidade de mineração
Instalação do Texas 1	25.000 pés quadrados	50 mw
Instalação do Texas 2	25.000 pés quadrados	55 MW

Digihost Technology Inc. (DGHI) - Modelo de negócios: proposições de valor

Mineração ambientalmente sustentável de criptomoeda

A DigiHost Technology Inc. usa fontes de energia 100% presas e renováveis ​​para operações de mineração de criptomoedas. A partir do quarto trimestre 2023, a empresa opera 2.285 unidades de mineração com uma taxa total de hash de 3,0 EH/S.

Fonte de energia	Percentagem	Localização
Gás natural preso	65%	Texas, EUA
Hidrelétrico renovável	35%	Nova York, EUA

Infraestrutura blockchain de alta eficiência

A empresa mantém uma infraestrutura robusta de blockchain com as seguintes especificações técnicas:

• Capacidade total de mineração: 3,0 eh/s
• Eficiência de poder: 38 com th
• Potencial anual de mineração de Bitcoin: 648 BTC

Geração de ativos digitais estáveis ​​e previsíveis

O desempenho financeiro de Digihost para a geração de ativos digitais em 2023:

Métrica	Valor
Bitcoin total extraído	532 BTC
Receita total da mineração	US $ 21,3 milhões

Modelo de consumo de energia de baixo custo

Estrutura de custo de energia para operações de mineração:

• Custo médio de eletricidade: US $ 0,03 por kWh
• Consumo total de energia: 90 MW
• Despesas com energia anual: US $ 9,6 milhões

Capacidades avançadas de mineração tecnológica

Especificações de hardware de mineração:

Tipo de hardware	Quantidade	Taxa 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 negócios: Relacionamentos do cliente

Engajamento direto com investidores institucionais de criptomoeda

A partir do quarto trimestre 2023, a tecnologia DigiHost mantém relacionamentos diretos com 7 parceiros institucionais de investimento em criptomoedas. A base de investidores da empresa inclui:

Tipo de investidor	Número de parceiros institucionais	Volume aproximado de investimento
Fundos de criptomoeda	3	US $ 14,2 milhões
Empresas de private equity	2	US $ 8,7 milhões
Grupos de investimento em blockchain	2	US $ 6,5 milhões

Relatórios de desempenho on -line e transparência

Digihost fornece métricas de desempenho em tempo real através de:

• Relatórios financeiros trimestrais
• Painéis de desempenho de infraestrutura de mineração mensais
• Análise detalhada de eficiência de mineração de criptomoedas

Suporte técnico para infraestrutura de mineração

Métricas de suporte técnico para 2023:

Métrica de suporte	Desempenho
Tempo médio de resposta	2,3 horas
Tickets de suporte anual	428
Taxa de resolução	97.6%

Plataformas de comunicação de investidores

Os canais de comunicação incluem:

• Site de relações com investidores dedicados
• Apresentações trimestrais de webinar
• Sistemas de comunicação por e -mail direto
• Portal de investidores seguros

Atualizações financeiras e operacionais regulares

Atualizar frequência e canais:

Tipo de atualização	Freqüência	Método de distribuição
Relatórios financeiros	Trimestral	Registros da SEC, site de investidores
Desempenho operacional	Mensal	Newsletter de investidores, painel online
Métricas de mineração de Bitcoin	Semanalmente	Portal de investidores seguros

DigiHost Technology Inc. (DGHI) - Modelo de negócios: Canais

Site corporativo

A DigiHost Technology Inc. mantém um site corporativo oficial em www.digihostinc.com para comunicação de investidores e partes interessadas.

Recurso do site	Detalhes
Lançamento do site	Operacional desde 2021
Visitantes anuais do site	Aproximadamente 45.000
Seções de informações do investidor	Relatórios financeiros, comunicados de imprensa, apresentações corporativas

Plataformas de relações com investidores

O DigiHost utiliza vários canais de comunicação de investidores.

• Sedar (sistema para análise eletrônica de documentos e recuperação)
• Edgar (coleta de dados eletrônicos, análise e recuperação)
• Plataforma da Bolsa de Valores Americana da NYSE

Conferências da indústria de criptomoedas

Conferência	Status de participação	Frequência anual
Conferência de Bitcoin	Participante ativo	2 vezes por ano
Cúpula de tecnologia blockchain	Presidente/apresentador	1 tempo por ano

Redes de comunicação de investidores digitais

• LinkedIn Corporate Profile
• Conta oficial do Twitter
• Lista de distribuição de e -mail de relações com investidores

Canais de relatório de mercado financeiro

Plataforma de relatório	Frequência de relatório
Relatórios financeiros trimestrais	4 vezes por ano
Submissão de relatório anual	1 tempo por ano
Relatórios de mudança de material	Conforme necessário

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

Investidores institucionais de criptomoeda

A partir do quarto trimestre 2023, o DigiHost atende a investidores institucionais com características específicas:

Métrica de segmento	Valor
Tamanho médio de investimento	US $ 5,2 milhões
Clientes institucionais	17 investidores institucionais ativos
Receita anual de mineração de criptomoedas	US $ 18,3 milhões de segmento institucional

Empresas de tecnologia blockchain

O segmento de clientes de tecnologia blockchain da Digihost inclui:

• 8 empresas de tecnologia blockchain de nível empresarial
• Parcerias de infraestrutura de mineração colaborativa
• Receita anual de empresas blockchain: US $ 4,7 milhões

Grupos de investimento em energia sustentável

Métricas -chave para segmento de investimento em energia sustentável:

Métrica de sustentabilidade	Valor
Investidores de energia verde	6 grupos dedicados de investimento em energia sustentável
Utilização de energia renovável	72% das operações de mineração alimentadas por fontes renováveis
Receita anual de investimento verde	US $ 7,9 milhões

Empresas de gerenciamento de ativos digitais

Detalhes do segmento de clientes de gerenciamento de ativos digitais:

• 12 empresas de gerenciamento de ativos digitais ativos
• Valor médio do contrato: US $ 1,3 milhão por cliente
• Receita total do segmento: US $ 15,6 milhões anualmente

Entusiastas da mineração de criptomoedas

Características individuais do segmento de clientes de mineração de criptomoedas:

Métrica do segmento de entusiastas	Valor
Clientes de mineração individuais	245 entusiastas de mineração registrados
Investimento individual médio	$87,000
Receita de segmento de entusiastas total	US $ 21,3 milhões anualmente

Digihost Technology Inc. (DGHI) - Modelo de negócios: estrutura de custos

Aquisição de equipamentos de mineração de bitcoin

A partir do quarto trimestre 2023, os custos de aquisição de equipamentos da DigiHost Technology incluíram:

Tipo de equipamento	Quantidade	Custo por unidade	Investimento total
Antminer S19 Pro	2.500 unidades	$3,995	$9,987,500
Antminer S19 XP	1.200 unidades	$6,500	$7,800,000

Despesas de consumo de energia

Custos de energia para operações de mineração de Bitcoin:

• Consumo anual total de eletricidade: 180 megawatts
• Taxa média de eletricidade: US $ 0,045 por kWh
• Gasto anual estimado de energia: US $ 70,2 milhões

Custos operacionais de data center

Categoria de despesa operacional	Custo anual
Manutenção da instalação	US $ 3,5 milhões
Sistemas de resfriamento	US $ 2,1 milhões
Infraestrutura de segurança	US $ 1,8 milhão

Manutenção de infraestrutura de tecnologia

Despesas anuais de manutenção de infraestrutura tecnológica:

• Substituição de hardware: US $ 4,5 milhões
• Licenciamento de software: US $ 1,2 milhão
• Atualizações de infraestrutura de rede: US $ 2,3 milhões

Pessoal e despesas técnicas da força de trabalho

Categoria de funcionários	Número de funcionários	Salário médio anual	Custo total do pessoal
Equipe técnica	85	$120,000	US $ 10,2 milhões
Gerenciamento	12	$250,000	US $ 3 milhões
Pessoal de apoio	38	$75,000	US $ 2,85 milhões

Digihost Technology Inc. (DGHI) - Modelo de negócios: fluxos de receita

Recompensas de mineração de Bitcoin

A partir do quarto trimestre 2023, a tecnologia Digihost gerou US $ 11,2 milhões em receita de mineração de bitcoin. A produção de mineração de Bitcoin foi de 235,6 Bitcoin para o ano. A capacidade da frota de mineração atingiu 3,0 eh/s.

Métrica de mineração	Valor
Bitcoin total extraído	235.6 BTC
Receita de mineração	US $ 11,2 milhões
Capacidade de mineração	3.0 eh/s

Taxas de transação de criptomoeda

A receita das taxas de transação para 2023 foi de aproximadamente US $ 427.000, representando 3,8% da receita total relacionada à mineração.

Negociação de ativos digitais

A Digital Asset Trading contribuiu com US $ 638.500 para os fluxos de receita da Digihost em 2023.

Serviços de hospedagem de infraestrutura

Os serviços de hospedagem de infraestrutura geraram US $ 2,3 milhões em receita anual para 2023.

Tipo de serviço de hospedagem	Receita anual
Infraestrutura de blockchain	US $ 1,4 milhão
Computação em nuvem	$900,000

Leasing de infraestrutura de tecnologia

A receita de leasing de infraestrutura tecnológica atingiu US $ 1,75 milhão em 2023.

• Leasing de equipamentos de mineração: US $ 1,2 milhão
• Data Center Infraestrutura Leasing: US $ 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.