MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq / TSXV: DGHI), is proud to announce the formation of US Data Centers, Inc. (“US Data Centers”), a wholly-owned subsidiary of the Company which will be dedicated to the development of high-performance computing (“HPC”) and artificial intelligence (“AI”)-focused data centers. The new US Data Centers website can be found at www.usdatacenters.ai.
A Purpose-Built AI and HPC Data Center Platform
With the launch of US Data Centers, Digihost is creating a dedicated platform focused entirely on delivering AI and HPC solutions, ensuring purpose-built infrastructure for the next generation of computing. As its first major initiative, US Data Centers plans to lead the transformation of the Company’s existing site in Columbiana, Alabama into a state-of-the-art Tier 3 data center designed to support next-generation AI and HPC workloads.
The project is planned to be executed in two phases, with a total aggregate planned capacity of 55 MW. The first phase is expected to result in 22 MW of HPC capacity, with a target completion date during the second quarter of 2026 and requiring planned capital expenditures of approximately $176 million. The second phase will consist of an additional 33 MW, with a target completion date during the first quarter of 2027 and requiring planned capital expenditures of approximately $264 million. The total capital expenditure for the project is estimated at approximately $440 million. The Company plans to finance the project primarily through debt by leveraging anticipated predictable future revenues anticipated from the completion of the proposed project.
This strategic investment underscores Digihost’s commitment to expanding its infrastructure to meet the growing demand for AI-driven computing power and cloud services. US Data Centers was formed to transform the Alabama facility by integrating scalable computing power with energy-efficient solutions, ensuring performance, reliability, and sustainability for enterprises, research institutions, and AI-driven businesses.
“The rapid growth of AI applications requires robust, high-performance infrastructure, and this strategic investment will help us meet that demand with a Tier 3-certified, AI-optimized facility designed for scalability and efficiency,” said Michel Amar, CEO of Digihost.
The launch of US Data Centers comes at a pivotal moment, as AI adoption accelerates and the demand for high-density, low-latency computing power continues to rise. The surge in AI models and cloud computing has created unprecedented demand for HPC-optimized infrastructure, making scalable, energy-efficient data centers a critical requirement for businesses at the forefront of innovation.
By establishing US Data Centers as a wholly-owned subsidiary, Digihost is reinforcing its commitment to delivering the next generation of computing infrastructure. Upon completion of the project, the Alabama facility is expected to leverage advanced cooling technologies, sustainable energy strategies and Tier 3 certification to create a resilient, cost-effective AI data center ecosystem. As US Data Centers expands, Digihost will continue exploring partnerships, enterprise collaborations and customer acquisition opportunities to support its vision of becoming a leader in AI-ready infrastructure.
For more information, visit www.usdatacenters.ai.
About
Digihost
Digihost is an innovative infrastructure and technology company focused on blockchain, high-performance computing and artificial intelligence data centers. Digihost is committed to delivering scalable, sustainable, and efficient solutions to power the future of digital transformation.
For further information, please contact:
Michel Amar, Chief Executive Officer
Digihost Technology Inc.
www.digihostpower.com
Digihost Investor Relations
T: 888-474-9222
Email: [email protected]
Cautionary
Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other
regulatory
authority
has
approved
or
disapproved
the
information
contained
herein.
Neither
the
TSX
Venture
Exchange
nor its
Regulation
Services
Provider
(as
that
term
is
defined
in
the
policies
of
the
TSX
Venture
Exchange)
accepts
responsibility
for
the adequacy or accuracy of this release.
Forward-Looking
Statements
Except for the statements of historical fact, this news release contains “forward-looking information” and “forward-looking statements”
(collectively,
“forward-looking
information”)
that
are
based
on
expectations,
estimates
and
projections
as
at
the
date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about potential further improvements to profitability and efficiency across mining operations, including, as a result of the Company’s expansion efforts, potential for the Company’s long-term growth and clean energy strategy, and the
business
goals
and
objectives
of
the
Company.
Factors
that
could
cause
actual
results
to
differ
materially
from
those
described in such forward-looking information include, but are not limited to: future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the
impact
of
depreciating
Bitcoin
prices
on
working
capital;
effects
on
Bitcoin
prices
as
a
result
of
the
most
recent
Bitcoin
halving; conversion of existing facilities to a Tier 3 data center facility may not be completed on the timelines anticipated by the Company or at all; risks relating to an inability to apply the Company’s facilities to HPC and/or AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC and/or AI customers on terms acceptable to the Company or at all; obtaining a Tier 3-certification for the Company’s data center facilities may not occur on the timelines anticipated or at all; uncertainty of obtaining additional funding to meet planned expenditures; development of
additional facilities and
installation of
infrastructure to
expand operations may
not
be completed on the
timelines anticipated
by
the Company,
or
at
all;
ability
to access
additional
power
from
the
local
power
grid and realize the potential of the clean energy strategy on terms which are economic or at all;
a
decrease
in
cryptocurrency pricing,
volume
of
transaction
activity
or
generally,
the
profitability
of
cryptocurrency
mining;
further
improvements
to
profitability and
efficiency
may
not
be
realized;
development
of
additional
facilities
to
expand
operations
may
not
be
completed
on
the
timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively
affect
the
profitability
of
the
Company’s
power
plant;
the
digital
currency
market;
the
Company’s
ability
to
successfully mine digital
currency on
the cloud; the Company
may not
be able
to profitably liquidate its
current
digital
currency
inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings at
www.sedarplus.ca
and
www.SEC.gov/EDGAR.
The forward-looking information
in
this
news
release
reflects
the
current
expectations,
assumptions
and/or
beliefs
of
the
Company
based
on
information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company
has
made
assumptions
about:
the Company’s ability to convert its existing facilities into a Tier 3 data center facility; the Company’s ability to secure long-term contracts associated with HPA and/or AI customers; the required expenditures to complete the proposed data center conversion project; the availability of funding proposed construction and project completion;
the
current
profitability
in
mining
cryptocurrency
(including
pricing
and
volume
of
current transaction
activity);
profitable
use
of
the
Company’s
assets
going
forward;
the
Company’s
ability
to
profitably
liquidate
its
digital currency
inventory
as
required;
historical
prices
of
digital
currencies
and
the
ability
of
the
Company
to
mine
digital
currencies
on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency
mining
assets;
the
negative
impact
of
regulatory
changes
in
the
energy
regimes
in
the
jurisdictions
in
which
the
Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
