Digihost Technology Inc ( (DGXX) ) has released its Q4 earnings. Here is a breakdown of the information Digihost Technology Inc presented to its investors.
Digi Power X Inc. is an innovative energy infrastructure company focused on developing cutting-edge data centers to expand sustainable energy assets. The company recently reported record financial results for 2024, showcasing significant growth and strategic advancements. Digi Power X achieved a 42% increase in revenue, reaching $37 million, primarily driven by exponential growth in colocation services and diversification beyond digital currency mining. The company’s EBITDA saw a remarkable turnaround, improving by 228% to $8.8 million, highlighting operational strength and scalability. Key milestones include the formation of U.S. Data Centers, a subsidiary aimed at developing AI-ready Tier 3 data centers, and the elimination of all long-term debt. Looking ahead, Digi Power X is poised for continued growth, leveraging its strategic pivot towards high-margin, recurring colocation revenues and expanding its capabilities in advanced computing capacity across the U.S.