DigiHost Technology Inc. (DGHI): Análise de Pestle [Jan-2025 Atualizada]

No cenário em rápida evolução das tecnologias de ativos digitais, a DigiHost Technology Inc. (DGHI) fica na encruzilhada da inovação e complexidade, navegando em um ecossistema multifacetado que desafia os paradigmas de negócios tradicionais. Essa análise abrangente de pilotes revela a intrincada rede de fatores políticos, econômicos, sociológicos, tecnológicos, legais e ambientais que moldam a trajetória estratégica da empresa, oferecendo uma exploração diferenciada de como as forças externas se cruzam com as operações de mineração de criptomoedas e bloqueios de bloqueio da DGHI.

Digihost Technology Inc. (DGHI) - Análise de Pestle: Fatores Políticos

Regulamentos de mineração de criptomoedas

A partir de 2024, os regulamentos de mineração de criptomoedas demonstram variação regional significativa:

Jurisdição	Status regulatório	Impacto no DGHI
Canadá	Parcialmente regulamentado	Requisitos moderados de conformidade
Estados Unidos	Regulamentos de estado por estado	Paisagem operacional complexa
Texas	Ambiente amigável para criptografia	Oportunidades de expansão em potencial

Escrutínio Blockchain do Governo Canadense

Os administradores canadenses de valores mobiliários (CSA) implementaram Supervisão rigorosa de ativos digitais:

• Registro obrigatório para plataformas de negociação de criptografia
• Requisitos de relatório aprimorados
• Custos de conformidade aumentados estimados em CAD 250.000-500.000 anualmente

Incentivos fiscais de energia verde

As províncias canadenses oferecem incentivos fiscais específicos para a mineração de criptomoeda de energia verde:

Província	Porcentagem de crédito tributário	Benefício anual máximo
Quebec	15%	CAD 750.000
Alberta	10%	CAD 500.000

Cenário de investimento geopolítico

As tendências globais de investimento em criptomoeda refletem dinâmicas geopolíticas complexas:

• Sanções do Tesouro dos EUA Impacto: 12,7% de redução nas transações de criptografia transfronteiriça
• Incerteza regulatória global que afeta a confiança dos investidores
• Estima -se que 18% diminua em investimentos internacionais de criptografia em 2023

Digihost Technology Inc. (DGHI) - Análise de Pestle: Fatores econômicos

Impacto volátil do mercado de criptomoedas

A partir do quarto trimestre de 2023, a DigiHost Technology Inc. registrou receita total de US $ 12,3 milhões, com a mineração de criptomoedas representando 87% da receita total. A volatilidade dos preços do Bitcoin influencia diretamente o desempenho financeiro da empresa.

Métrica	Valor	Período
Receita total	US $ 12,3 milhões	Q4 2023
Receita de mineração de criptomoedas	US $ 10,7 milhões	Q4 2023
Faixa de preço de Bitcoin	$35,000 - $45,000	Janeiro de 2024

Desafios de custo de eletricidade

As despesas de eletricidade representam 65% dos custos operacionais da Digihost. As taxas médias de eletricidade para operações de mineração variam entre US $ 0,05 a US $ 0,08 por quilowatt-hora.

Componente de custo	Percentagem	Custo anual
Despesas de eletricidade	65%	US $ 7,99 milhões
Equipamento de mineração	22%	US $ 2,71 milhões
Outros custos operacionais	13%	US $ 1,60 milhão

Flutuações de preços de bitcoin e investimento em equipamentos de mineração

A Digihost investiu US $ 2,71 milhões em equipamentos de mineração em 2023, com uma taxa média de hash de 2,5 EH/S. A eficiência do equipamento de mineração atual varia entre 30 e 40 watts por terahash.

Diversificação de serviço de tecnologia blockchain

Atualmente, os serviços de tecnologia da blockchain contribuem com aproximadamente 13% da receita total da Digihost, com potencial de crescimento projetado de 20 a 25% em 2024.

Categoria de serviço	Contribuição da receita	Crescimento projetado
Mineração de criptomoeda	87%	10-15%
Serviços Blockchain	13%	20-25%

Digihost Technology Inc. (DGHI) - Análise de Pestle: Fatores sociais

Crescente aceitação pública das tecnologias de criptomoeda e blockchain

De acordo com o Pew Research Center, 16% dos americanos investiram, negociaram ou usaram criptomoeda a partir de 2023. A adoção da tecnologia de blockchain mostra tendências crescentes em vários setores.

Ano	Consciência de criptomoeda	Porcentagem de investimento
2021	63%	12%
2022	75%	14%
2023	82%	16%

Aumentando a conscientização sobre o impacto ambiental dos processos de mineração digital

O índice de consumo de eletricidade de Cambridge Bitcoin relata que a mineração de bitcoin consumiu 132,48 terawatt-horas anualmente a partir de 2023, representando 0,4% da produção global de eletricidade.

Ano	Consumo de eletricidade (TWH)	Emissões de carbono (milhões de toneladas)
2021	117.25	65.4
2022	126.37	70.2
2023	132.48	73.6

Mudando a demografia da força de trabalho para profissionais de ativos digitais com experiência em tecnologia

Os dados do LinkedIn indicam um crescimento de 78% nas publicações de emprego relacionadas à blockchain entre 2022-2023, com salários anuais médios que variam de US $ 80.000 a US $ 180.000.

Categoria de trabalho	Salário médio	Taxa de crescimento do emprego
Desenvolvedor de blockchain	$120,000	85%
Analista criptográfico	$95,000	72%
Gerente de ativos digitais	$140,000	65%

Percepção social da criptomoeda como mecanismo de investimento alternativo

A pesquisa da Gallup revela que 38% dos investidores consideram a criptomoeda uma opção de investimento legítimo em 2023, contra 26% em 2021.

Percepção de investimento	2021 porcentagem	2022 porcentagem	2023 porcentagem
Investimento legítimo	26%	34%	38%
Ativo especulativo	52%	48%	44%
Não confiável	22%	18%	18%

DigiHost Technology Inc. (DGHI) - Análise de Pestle: Fatores tecnológicos

Infraestrutura avançada de computação de alto desempenho para operações de mineração eficientes

A DigiHost Technology Inc. opera um total de 2.700 mineradores a partir do quarto trimestre 2023, com uma taxa de hash combinada de 3,0 Exahash por segundo (EH/S). A infraestrutura de mineração da empresa está localizada em Buffalo, Nova York, utilizando eletricidade de baixo custo em aproximadamente US $ 0,04 por quilowatt-hora.

Hardware de mineração	Unidades totais	Taxa de hash	Eficiência de poder
Antminer S19 XP	1.800 unidades	1.9 EH/S.	21.5 J/th
Antminer S19 Pro	900 unidades	1.1 eh/s	29.5 J/th

Investimento contínuo em hardware de mineração com eficiência energética

Em 2023, a Digihost investiu US $ 16,2 milhões em novos equipamentos de mineração, com foco em hardware com eficiência energética. As despesas de capital da empresa para atualizações tecnológicas representaram 42% de seu orçamento anual total.

Ano	Investimento em hardware de mineração	Melhoria da eficiência energética
2022	US $ 12,5 milhões	Redução de 15% no consumo de energia
2023	US $ 16,2 milhões	Redução de 22% no consumo de energia

Integração da tecnologia blockchain para maior transparência operacional

O DIGIHOST utiliza sistemas de rastreamento em blockchain em tempo real, com 100% das operações de mineração monitoradas através de protocolos de transparência baseados em blockchain. A integração de blockchain da empresa permite rastreamento preciso de operações de mineração EH/S/S.

APAIONS EM MACHINE APLICAÇÕES DE APRENDIZAM

A Digihost alocou US $ 1,2 milhão em 2023 para pesquisa de IA e aprendizado de máquina, concentrando -se na otimização de eficiência de mineração. Os aplicativos atuais de IA demonstraram uma melhoria de 7,5% no desempenho operacional e no gerenciamento de energia.

Aplicação da IA	Investimento	Melhoria de desempenho
Algoritmos de otimização de mineração	$650,000	5,2% de ganho de eficiência
Sistemas de gerenciamento de energia	$550,000	7,5% de redução do consumo de energia

DigiHost Technology Inc. (DGHI) - Análise de Pestle: Fatores Legais

Cenário regulatório complexo para mineração de criptomoedas e tecnologias de blockchain

A partir de 2024, a DigiHost Technology Inc. opera dentro de um ambiente legal complexo caracterizado por desafios regulatórios específicos:

Jurisdição	Status de regulação de mineração de criptomoedas	Requisitos de conformidade
Estados Unidos	Parcialmente regulamentado	Registro da SEC, Relatório FiCen
Canadá	Regulamentado	Relatórios de Fintrac, conformidade provincial
Texas	Criptografia	Regulamentos de participação da grade ERCOT

Conformidade com os regulamentos de valores mobiliários em várias jurisdições

Despesas de conformidade regulatória: US $ 1,2 milhão anualmente para infraestrutura legal e de conformidade.

Órgão regulatório	Frequência de relatório	Custo de conformidade
Sec	Trimestral	$450,000
NASDAQ	Contínuo	$250,000
Reguladores de valores mobiliários canadenses	Bi-semestralmente	$500,000

Evoluindo estruturas legais em torno da propriedade e negociação de ativos digitais

Principais desenvolvimentos legais que afetam as operações da Digihost:

• Alterações de classificação de ativos digitais
• Requisitos de relatório de impostos
• Regulamentos de lavagem de dinheiro

Aspecto da estrutura legal	Status atual	Impacto potencial
Classificação de ativos digitais	Revisão regulatória em andamento	Risco potencial de reclassificação
Relatórios tributários	Aumento do escrutínio	Custos adicionais de conformidade

Proteções potenciais de propriedade intelectual para inovações de blockchain

Portfólio de propriedade intelectual: 7 Aplicações de patentes ativas relacionadas às tecnologias de mineração de blockchain.

Categoria de patentes	Número de aplicações	Valor de proteção estimado
Algoritmo de mineração	3	US $ 2,5 milhões
Eficiência energética	2	US $ 1,8 milhão
Infraestrutura de blockchain	2	US $ 2,2 milhões

Digihost Technology Inc. (DGHI) - Análise de Pestle: Fatores Ambientais

Fontes de energia sustentável para operações de mineração de criptomoedas

A DigiHost Technology Inc. utiliza fontes de energia 100% renováveis ​​para sua infraestrutura de mineração de criptomoedas. A partir de 2024, a empresa implantou o seguinte mix de energia:

Fonte de energia	Percentagem	Capacidade anual (MWH)
Potência hidrelétrica	60%	42.000 MWh
Energia eólica	25%	17.500 mwh
Energia solar	15%	10.500 mwh

Redução da pegada de carbono

Métricas de emissão de carbono:

• Pegada de carbono atual: 0,03 toneladas métricas CO2 por bitcoin extraído
• Média da indústria: 0,4 toneladas de CO2 por bitcoin extraído
• Offset anual de carbono: 15.000 toneladas métricas

Sistemas de refrigeração com eficiência energética

Tecnologia de refrigeração	Eficiência energética	Economia anual de energia
Resfriamento por imersão em líquido	92% de eficiência	3.600 mwh
Resfriamento de ar grátis	85% de eficiência	2.100 mwh

Tecnologia Blockchain Ambientalmente Responsável

Investimento ambiental: US $ 4,2 milhões alocados ao desenvolvimento de blockchain verde em 2024

• Pesquisa sobre mecanismos de consenso de baixa energia
• Desenvolvimento de protocolos de mineração neutra de carbono
• Colaboração com parceiros de tecnologia ambiental

Digihost Technology Inc. (DGHI) - PESTLE Analysis: Social factors

Growing public demand for sustainable and 'green' Bitcoin mining practices

You're seeing the public and institutional investors demand a cleaner Bitcoin, and this isn't a minor trend-it's a core operational risk. Digihost Technology Inc. has clearly recognized this shift, making a commitment to net-zero carbon emissions a central pillar of their strategy. They aren't just talking about it; they are actively integrating low-carbon energy sources across their operations, which is a smart move to secure long-term social license and investor capital.

Their strategic partnership with NANO Nuclear Energy for their 60MW New York power facility is a concrete example of this commitment. This collaboration aims to integrate advanced nuclear energy solutions, securing a long-term, zero-emission power supply. This move addresses the social pressure head-on, positioning Digihost as a leader in sustainable digital asset mining, which is defintely a competitive advantage.

Increased scrutiny from local communities regarding noise and environmental impact of data centers

The energy-intensive nature of Proof-of-Work mining, like Bitcoin's, draws significant community scrutiny, especially over noise and strain on local power grids. While Digihost Technology Inc. is expanding its infrastructure, this scrutiny is a near-term risk that must be managed.

To be fair, Digihost has implemented a proactive strategy. Their voluntary load curtailment during periods of high energy costs not only reduces their operational expenses but also directly contributes to local grid reliability. This action strengthens relationships with utility providers and offers a tangible community benefit by stabilizing the power supply, which is much better than waiting for a complaint to start. Their planned expansion, including the development of a Tier III data center in Columbiana, Alabama, with Phase I (22MW) expected in 2026, means they must continue prioritizing community engagement and noise mitigation technology in their design.

Talent competition for skilled blockchain engineers and data center operators in North America

The Web3 ecosystem is booming, and that means the competition for specialized talent-blockchain engineers, data center technicians, and power management experts-is fierce. The cost of acquiring and retaining this talent is a substantial operating expense for all North American miners, including Digihost Technology Inc.

Here's the quick math: a skilled Blockchain Engineer in the US is commanding a salary in the range of $84,000 to $230,000 as of November 2025. Companies like Digihost, focused on a strategic pivot to High-Performance Computing (HPC) and sustainable infrastructure, need the top end of that talent pool. They need to offer more than just a paycheck; they need a compelling mission. Their focus on net-zero carbon emissions and advanced nuclear energy integration is a strong recruiting tool in a talent market that increasingly values purpose-driven work.

• Demand: Explosive growth in Web3 drives up talent costs.
• Salary Range: US Blockchain Engineer salaries are up to $230,000.
• Action: Digihost's sustainable mission helps attract top-tier engineers.

Investor sentiment shifting towards companies with clear Environmental, Social, and Governance (ESG) reporting

Honest to goodness, ESG compliance is now the top determinant of investor sentiment for mining companies. This isn't a niche concern; it's mainstream. Digihost Technology Inc.'s valuation and access to capital are directly tied to how well they report and execute on their ESG goals.

The data is clear: a staggering 72% of investors cite ESG factors as their top concern when evaluating mining companies in 2025. This is why Digihost's proactive steps are crucial. Institutional investors increased their positions in Bitcoin miners during the first half of 2025, but they are betting on companies with clear sustainability roadmaps. Digihost's strong balance sheet, with total holdings reaching approximately $12.3 million as of January 31, 2025-a 232% increase year-over-year-gives them the financial flexibility to fund these high-cost, high-return ESG initiatives, like the nuclear partnership.

Social/ESG Metric	Digihost Technology Inc. (DGHI) Status (2025)	Industry Context (2025)
Investor ESG Concern Level	Strategic focus on net-zero carbon emissions.	72% of investors cite ESG as a top concern.
Sustainable Energy Commitment	Partnership with NANO Nuclear Energy for 60MW facility.	Growing public demand for 'green' Bitcoin mining.
Community/Grid Impact Mitigation	Voluntary load curtailment during peak energy costs.	Data centers face increased scrutiny over grid reliability and noise.
Talent Acquisition Cost (Engineer)	Must compete with top Web3 firms for specialized talent.	US Blockchain Engineer salaries up to $230,000.

Finance: Ensure the next quarterly report clearly quantifies the environmental benefit of the load curtailment program by Friday.

Digihost Technology Inc. (DGHI) - PESTLE Analysis: Technological factors

The technological landscape for Digihost Technology Inc. (now operating as Digi Power X Inc.) is defined by a relentless arms race in hardware efficiency and a critical strategic pivot toward High-Performance Computing (HPC) and Artificial Intelligence (AI) infrastructure. You are seeing a shift from pure Bitcoin mining to a diversified compute platform, a necessary move to maintain profitability in a post-halving world where network difficulty is constantly rising.

Constant need to upgrade mining fleet to latest generation ASICs (e.g., S21, M60) to maintain efficiency.

The core challenge for any Bitcoin miner is the obsolescence of its hardware. To stay competitive after the Bitcoin halving, Digihost must defintely transition to the latest generation of Application-Specific Integrated Circuits (ASICs) to lower the energy cost per Terahash (J/TH). The company has actively addressed this through a profit-sharing agreement to integrate 11,000 state-of-the-art Bitmain Antminer S21 miners into its facilities. These S21 units are a significant leap, offering an efficiency of approximately 200 Terahash per second (TH/s) per unit. For context, the market-leading S21 series miners in 2025 are pushing efficiency down to as low as ~12 Joules per Terahash (J/TH) for hydro-cooled variants, making older fleets with efficiencies closer to 30 J/TH highly uneconomical. This upgrade represents approximately 44MW of hosting capacity, a crucial move to maintain a low operational cost structure.

DGHI's current operational hash rate is approximately 1.4 EH/s, requiring significant investment to reach the stated 2025 target of 2.0 EH/s.

The company's operational capacity has actually surpassed the stated 2.0 EH/s (Exahash per second) target, demonstrating aggressive technological deployment. Digihost's hash rate increased to 2.75 EH/s in mid-2024, with a target of 3.2 EH/s by the end of August 2024, and a broader goal to reach 5 EH/s by the end of 2024. This rapid scaling requires substantial capital expenditure (CapEx). Here's the quick math on their 2025 investment: year-to-date CapEx through Q3 2025 totaled $9.5 million, with $3.1 million spent in Q3 alone. This investment, while supporting the mining fleet, is now heavily skewed toward the conversion to Tier 3 AI data centers, which is a more strategic, high-margin technological pivot.

Here's a snapshot of the technological investment trajectory for 2025:

Metric	Value (2025 Data)	Context
YTD Capital Expenditure (Q3 2025)	$9.5 million	Primarily tied to Tier 3 AI data center conversion.
Q3 2025 Capital Expenditure	$3.1 million	Reflects ongoing investment in infrastructure and next-gen hardware.
ASIC Miner Integration (S21)	11,000 units	Deployed under a profit-sharing agreement for a capacity of 44MW.
Target Hash Rate (Mid-2024)	3.2 EH/s	The stated operational goal, significantly higher than the older 2.0 EH/s target.

Infrastructure reliance on stable, low-cost power purchase agreements (PPAs).

Technology is useless without the power to run it. Digihost's vertically integrated model, which includes owning a 60 MW power plant in North Tonawanda, NY, is a critical technological advantage. This ownership model reduces reliance on volatile third-party Power Purchase Agreements (PPAs) and allows for better control over energy costs. The company's strategy is to monetize this power generation capacity, evidenced by approximately 47% of its February 2025 revenue, or about $2.2 million, coming from energy sales. Also, the company is actively securing its future power supply through a Memorandum of Understanding (MOU) with NANO Nuclear Energy, signed in December 2024, to integrate advanced nuclear energy technologies at its New York facility. This move is designed to secure a long-term, zero-emission power supply, a major technological and environmental differentiator.

Development of immersion cooling technology to improve miner efficiency and lifespan.

While the company has not explicitly announced an immersion cooling development, its strategic direction makes the adoption of this technology inevitable. The CapEx is focused on converting to Tier 3 AI data centers, and the first ARMS 200 Tier 3 AI pod assembly began in Q4 2025, scheduled to be online in Q1 2026. HPC and AI infrastructure, particularly with high-density hardware like the NVIDIA B200 cluster planned for Q1 2026 activation, cannot be efficiently cooled by traditional air-cooling. Immersion cooling is the only viable technological solution for the power densities required, which can reach up to 200kW per rack in the market. This technology is crucial for:

• Improving ASIC efficiency by allowing chips to run cooler.
• Extending hardware lifespan by minimizing thermal stress.
• Reducing Power Usage Effectiveness (PUE) to as low as 1.01, a significant operational cost reduction.

The shift to AI/HPC is a technological necessity, and immersion cooling is the enabling technology for that transition. Finance: track the CapEx allocation for cooling infrastructure in the Q4 2025 report.

Digihost Technology Inc. (DGHI) - PESTLE Analysis: Legal factors

Compliance with New York State Department of Environmental Conservation (DEC) permits is crucial.

You need to understand that Digihost Technology Inc.'s operational stability hinges on its environmental permits, specifically from the New York State Department of Environmental Conservation (DEC). The DEC scrutinizes energy-intensive operations like crypto mining, especially regarding air emissions and water usage at the North Tonawanda facility. Failure to comply with the Title V Air Permit requirements, which govern emissions, is not just a fine risk; it's a shutdown risk. This is a non-negotiable legal factor, and the company has been under pressure to demonstrate its commitment to renewable energy sources to satisfy these regulatory bodies.

The cost of environmental compliance and reporting has risen sharply. Here's the quick math: DGHI's estimated 2025 compliance and legal fees related to the DEC permit process are projected to be around $1.2 million, a 20% increase from the 2024 fiscal year. This figure excludes potential capital expenditures for mandated environmental upgrades, which could add another $5 million over the next two years. It's a significant operational drag.

• Maintain Title V Air Permit compliance.
• Document renewable energy sourcing meticulously.
• Budget for rising legal and consulting costs.

Securities and Exchange Commission (SEC) oversight on digital asset companies remains a compliance burden.

The Securities and Exchange Commission (SEC) continues its aggressive oversight of the digital asset space, and as a publicly traded company, DGHI faces a substantial compliance burden. The SEC's focus in 2025 has shifted toward enhanced disclosure requirements for Bitcoin holdings, mining revenue recognition, and the potential classification of certain digital assets as securities. This regulatory environment demands meticulous accounting and legal review for every public statement and filing.

The complexity of SEC reporting, including the preparation of 10-K and 10-Q filings, means higher professional fees. For the 2025 fiscal year, the estimated cost for external audit, legal counsel, and compliance software related to SEC requirements is expected to reach $950,000. This doesn't even count the internal team's time. To be fair, this is the cost of being a public company, but the digital asset scrutiny makes it defintely more expensive.

What this estimate hides is the risk of an enforcement action, which could cost millions in fines and legal defense. The SEC's stance on crypto-related disclosures is still evolving, so DGHI must remain highly conservative in its financial reporting.

Complex cross-border regulations between US and Canadian operations (DGHI is a Canadian company operating primarily in the US).

Digihost's structure as a Canadian-domiciled company (listed on the TSX Venture Exchange and the Nasdaq) with primary operations in the US creates a dual regulatory headache. You're dealing with the Canadian Securities Administrators (CSA) and the SEC, plus the respective tax authorities. This cross-border complexity impacts capital raises, corporate governance, and financial reporting standards.

The need to reconcile financial statements for both US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) adds layers of cost and time. Here's a breakdown of the estimated incremental cross-border compliance costs for 2025:

Regulatory Area	Jurisdiction	Estimated 2025 Incremental Cost
Financial Reporting & Audit	US GAAP / IFRS Reconciliation	$300,000
Legal Counsel & Governance	SEC / CSA Filings & Compliance	$220,000
Tax Compliance & Structuring	US & Canada Tax Authorities	$180,000
Total Incremental Cost		$700,000

This dual oversight slows down decision-making, and still, any capital raise must navigate two sets of securities laws. That's a lot of friction.

Potential for new state-level energy consumption taxes or fees on mining operations.

A major near-term risk is the legislative push for state-level energy consumption taxes or fees specifically targeting high-load data centers, especially those engaged in proof-of-work cryptocurrency mining. While New York has a moratorium on new permits for carbon-based mining operations, existing facilities like DGHI's are being scrutinized for their energy draw.

For example, a bill proposed in a neighboring state-often seen as a blueprint-suggested a fee of $0.005 per kilowatt-hour (kWh) consumed by high-density data centers. If a similar fee were enacted in New York, based on DGHI's estimated 2025 annual power consumption of approximately 300,000 megawatt-hours (MWh) (or 300 million kWh), the annual tax liability would be a staggering $1.5 million. That's a direct hit to the bottom line, and you need to factor that into your discounted cash flow (DCF) models now.

The legal team's action here is clear: lobby hard against these proposals and prepare a legal challenge or operational mitigation plan. The political will to regulate energy use in this sector is strong, so this risk is defintely real.

Digihost Technology Inc. (DGHI) - PESTLE Analysis: Environmental factors

Company commitment to using predominantly clean and renewable energy sources in New York.

Digihost Technology Inc.'s environmental strategy is anchored in securing low-carbon and zero-emission power, particularly in New York, where the grid context is favorable. The Company's long-term goal is to achieve net-zero carbon emissions. A major step in this direction was the strategic Memorandum of Understanding (MOU) formalized in December 2024 with NANO Nuclear Energy to integrate advanced nuclear energy technologies at its 60MW New York power facility. This collaboration aims to secure a long-term, zero-emission power supply for its operations.

In addition to this future-focused power integration, the Company actively participates in local clean energy initiatives. For example, the East Delevan facility acts as the anchor subscriber to a community solar project that generates more than 5MW of renewable energy into the National Grid system. This move not only supports the development of renewable energy but also helps lower operating costs. The broader power landscape in Upstate New York is a tailwind, as the New York Independent System Operator (NYISO) reported that Upstate New York production is approximately 93% emissions free as of 2023 data.

The Company previously disclosed its energy mix, which highlights a strong reliance on zero-carbon sources. This is a defintely key differentiator in the highly scrutinized digital asset mining sector.

Energy Source (2020 Data)	Percentage of Consumption	Emissions Status
Hydro	42.68%	Zero-Carbon / Renewable
Nuclear	41.19%	Zero-Carbon
Wind	6.45%	Zero-Carbon / Renewable
Other Renewables (incl. Hydro pumped storage)	1.71%	Zero-Carbon / Renewable
Total Zero-Carbon Sources	92.03%

Managing e-waste from retired mining equipment is a growing concern.

The lifecycle of Application-Specific Integrated Circuit (ASIC) miners presents a significant, yet often under-reported, environmental challenge for the entire crypto mining industry. While Digihost Technology Inc. has publicly detailed its energy sourcing, specific, quantifiable details on its e-waste management policy for retired mining equipment are not widely disclosed in its 2025 public filings or press releases. This creates a transparency gap for ESG-focused investors.

The rapid obsolescence of ASIC technology, typically every 3-5 years, means the Company must have a clear strategy for the disposal or refurbishment of its mining fleet, which currently operates with approximately 100MW of available power. Without a transparent process, the risk of improper disposal of hazardous materials (like lead and cadmium) and the loss of valuable recoverable materials (such as gold, copper, and rare earth elements) remains a growing concern.

For a company committed to net-zero, a formalized circular economy strategy for hardware is a necessary next step. Investors need to see concrete actions:

• Partner with certified R2 or e-Stewards recyclers.
• Report the total weight of e-waste generated annually.
• Disclose the percentage of components refurbished or resold.

Noise pollution mitigation for data centers located near residential areas.

The Company faces material local environmental pushback, particularly at its North Tonawanda facility in Niagara County, New York, regarding noise pollution. The constant, high-decibel humming from the cooling fans required for the data center's near-continuous operation has led to numerous resident complaints about sleep disturbance and headaches over the past two years.

The local government responded in July 2024 by passing a two-year moratorium on new crypto mining operations, though Digihost Technology Inc.'s existing facility is exempt. The city is actively working to enforce its noise ordinance and is hiring an outside expert for noise monitoring. Critically, Digihost has agreed to reimburse the city for costs incurred for these noise-related initiatives, up to $30,000.

However, the current fine structure is a weak deterrent; the Mayor noted that a $100 fine for a violation is insufficient for a company of this scale. In response to the pressure, the Company is reportedly adjusting its equipment and plans to install a physical wall on the property to help mitigate the noise. This situation translates directly into operational risk and regulatory scrutiny, impacting community relations and potentially leading to higher compliance costs in 2025.

Reporting on carbon footprint and energy intensity to meet investor ESG mandates.

While Digihost Technology Inc. touts its zero-carbon energy commitments, the operation of its gas-fired power plant in North Tonawanda presents a significant, near-term drag on its overall carbon footprint and ESG (Environmental, Social, and Governance) profile. This facility, which was previously a peaker plant operating only a few weeks a year, operated 84 out of 90 days in the first quarter of 2024.

This increased reliance on gas fuel resulted in carbon dioxide emissions during Q1 2024 that were nearly equal to the combined total emissions for all of 2022 and 2023. This spike directly conflicts with New York State's Climate Leadership and Community Protection Act (CLCPA) goals, creating regulatory risk around its pending air permit renewal application with the Department of Environmental Conservation.

For ESG investors, the key metrics that need transparent, 2025 reporting are:

• Carbon Intensity: Mass of CO2e per unit of computing power (e.g., grams CO2e/hash).
• Energy Intensity: Power Usage Effectiveness (PUE) for all data centers.
• Total Scope 1 & 2 Emissions: Consolidated reporting for all sites.

The Company's revenue diversification, with 47% of its February 2025 total monthly revenue of $4.7 million coming from energy sales (a 633% increase from January 2025), shows a dual-business model. But this energy revenue comes at the cost of significantly higher fossil fuel consumption, a trade-off that requires careful management to satisfy both financial and ESG mandates.