10:20 AM EST, 02/03/2025 (MT Newswires) -- Digihost Technology ( DGHI ) , an energy infrastructure company, was at last look down 9% in Canada amid big losses for the broader market and after the company said miners at its facilities produced about 30 BTC in January between self-mining and hosting agreements, down 17% compared with December 2024.

The company said this decrease was due to Digihost's ( DGHI ) decision to actively participate in load curtailment for about seven days due to the high energy costs associated with the weather conditions at the company's locations in the month of January. By contributing and performing in these load reduction programs, the company saw a reduction in its BTC mining costs, it added.

But the company also reported cash, BTC and cash deposits of about US$12.3 million as of Jan. 31, compared with US$3.7 million a year earlier, representing a 232% increase in its total holdings position balance, and compared to $10.0 million on December 31, 2024, representing a 23% increase in its total holdings position balance.

Digihost ( DGHI ) invested around US$1.2 million in January on capital expenditures, mining infrastructure support equipment, and deposits.

In an operations update, Digihost ( DGHI ) currently operates with about 100MW of available power across its three sites and is working towards expansion to 200MW and beyond. It plans to fuel this growth using its existing asset portfolio, combined with strategic inorganic expansion through targeted power acquisitions.

In regard to its Tier III data center conversion in Columbiana, Digihost ( DGHI ) is currently working with multiple contractors to finalize the existing site plans and is actively collaborating with local municipalities to ensure a smooth permit approval process. DGHI expects its about US$175 million Phase I (22MW) to be operational in 2026, and its about US$265m Phase II (55MW) to be completed in early 2027.

Shares were last seen down $0.45 or 9%, to $4.50 on the TSX Venture Exchange.

Price: 4.50, Change: -0.45, Percent Change: -9.09