Corporate Overview

| DGHI
November 2024 DIGIHOST TECHNOLOGY INC
| DGHI
Forward Looking Statements
Forward Looking Statements
This presentation contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian and United States securities laws (collectively referred to herein as “forward-looking statements”). Forward-looking
statements are neither historical facts nor assurances of future performance. Instead, they are statements based on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as “believes,” “anticipates,” “expects,” “estimates,” “projects,” “will,” “may,” “might” and words of a similar
nature. Examples of forward-looking statements include, but are not limited to, statements regarding expected operating results, such as future revenues and, and our strategies for energy infrastructure development, engaging with potential
customers, market position, and financial results. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, many of which are outside our
control. Forward-looking statements are not a guarantee of future performance or developments. Our actual results, financial condition and events may differ materially from those indicated in the forward-looking statements based upon a
number of factors, including: credit risk associated with our cash, amounts receivable, and promissory note receivable; liquidity risk associated with our ability to manage our cash position; the Company operates in an international environment,
some of the Company’s financial instruments and transactions are denominated in currencies other than an entity’s functional currency; the fluctuation of the Canadian dollar will consequently impact the profitability of the Company; the
Company is also susceptible to digital currency risk and the current and future market price of digital currencies; and other risks as more fully set out in our filings at [Link] and [Link]/edgar, including under the heading “Risk
Factors” in such filings.

Disclaimer
Any forward-looking statement made by us in this presentation is based only on information available to us as of the date of this presentation and speaks only as of the date on which it is made. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent required by applicable securities or other laws.

Market and Industry Data

This presentation includes market and industry data and forecasts that we obtained from internal research, publicly available information and industry publications and surveys. Industry publications and surveys generally state that the
information contained therein has been obtained from sources believed to be reliable. Unless otherwise noted, statements as to our potential market position relative to other companies are approximated and based on third-party data and
internal analysis and estimates as of the date of this overview. Although we believe the industry and market data and statements as to potential market position to be reliable as of the date of this presentation, we have not independently verified
this information, and it could prove inaccurate. Industry and market data could be wrong because of the method by which sources obtained their data and because information cannot always be verified with certainty due to the limits on the
availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties. In addition, we do not know all of the assumptions regarding general economic conditions or growth that were used
in preparing the information and forecasts from sources cited herein. All forward-looking statements herein are qualified by reference to the cautionary statements set forth herein and should not be relied upon.

Non-IFRS (International Financial Reporting Standards) Measures

The Company has presented certain non-IFRS measures in this document. The Company believes that these measures, while not a substitute for measures of performance prepared in accordance with IFRS, provide investors an improved ability to
evaluate the underlying performance of the Company. However, these measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Reconciliations to nearest IFRS measures are
included in the Company’s continuous disclosure filings at [Link] and [Link]/edgar.

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Digihost Technology: At A Glance

Introduction: Digihost Technologies (NASDAQ: DGHI | TSXV: DGHI)

Stock Price (A/O 10/31/24) $1.59
DIGIHOST is an energy infrastructure company with a robust portfolio of assets, Shares Outstanding 29.3m
which include a wholly owned and operated combined cycle power plant. The (A/O 06/30/24)

Market Capitalization (A/O 10/31/24) $46.58m

Company specializes in acquiring, building, and managing infrastructure for Tier
FD Shares Outstanding ~36.8M
1 and Tier 3 High-Performance Computing (HPC) data centers.
Cash & Equivalents $9.0M
(as of 10/31/24)

Long Term Debt $0

Key Investment Highlights Insider Ownership 22.1%

Predictable Revenue Continues to Significantly Stable Colocation Continued Development of

Streams produced by Utility grow hash rate footprint To revenue from top-tier utility footprint to service Tier
power sales through BTMG remain competitive in the U.S. listed mining 3 data centers leveraging
(Behind-the-meter post-havening environment companies existing infrastructure, saving
generation) programs on costs & time of
development.

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 Company History & NTM Plans
Expected
1Q21-1Q22 2Q 2024
4Q 2022 2Q 2025
Company Raises ~$78m CAD
in 12 months through
3Q23 Companies’ 3rd Large 4Q 2024
Colocation Agreement Develop remaining
Companies’ 1st Large Colocation
2Q21 Secondary Offerings
Agreement is signed: 7,700 high-
Colocation agreement
is signed: 11,000 high-
Development Plan 33MW In Alabama for
signed for partial offtake beginning for Tier 3 Tier 1 / Tier 3
Initiated Acquisition of efficiency Miners deployed efficiency Miners
of Alabama Plant conversion in AL Colocation
Tonawanda Power Plant deployed

2021 2022 2023 2024 2025

2Q24
4Q22 1Q23 Companies’ 2nd Large
1Q 2025
Colocation Agreement Anticipated NYISO load study
4Q21 Obtained FERC Approval Operations Commenced
is signed: 4,500 high- completion for 60 Additional
for North Tonawanda PP for 22MW Alabama Plant
DGHI Begins trading on efficiency Miners MW Capacity at Tonawanda PP
NASDAQ under Ticker: DGHI deployed

September 2022
Obtained PSC Approval for
North Tonawanda PP

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DGHI: Core Business Strategy

1. Drive Consistent Revenues Through Wholly Owned Utility Assets

1. Digihost owns and operates a FERC & PSC-approved combined cycle power plant
2. The company developed and owns/operates two additional sites utilizing 40MW of power
capacity to deploy tier 1 data center colocation services
3. The company is currently developing more land assets to provide more than 200MW of power

2. Provide Tier 1 Data Center Clients with Consistent, Cost-Effective Power

1. Colocation agreements in effect with large, U.S. based bitcoin mining companies

2. All remaining unallocated power is utilized for profitable self-mining, optimized for the post-havening
environment

3. Leverage Existing Know-how to Expedite Deployment of Tier 3 Data Centers

1. DGHI is currently pivoting one of its’ existing substations to service Tier 3 data center clients.

2. The Company has invested in new development assets exclusively focused on additional tier 3-
megawatt deployment

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Market Opportunity- AI Data Centers

Data Center Co-location Leads Long-Term Growth Outlook2

AI Data Center Development

The United States Data Center market is expected to

generate $37.5Bn of revenue in 2024 and is projected
to reach $95.2Bn of revenue by 2029, Representing a
20.49% CAGR1

The U.S. Data Center Market has doubled in size since

2020, with a CAGR of 21% and Vacancy rates are at an all-
time low of 3%3

The long-term market trend predicting significant Co-location growth aligns with DGHI’s
long-term development strategy

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Market Opportunity- Mining Colocation

Digital Asset Mining Market Cryptocurrency Mining Market Size ($USD Bn)4
8

7
The global cryptocurrency mining market size was
valued at $1.92Bn in FY22 and is expected to grow to 6
$7Bn by 2032- a CAGR of 12.90%4
5

4
The Largest Bitcoin Miners rely on Colocation
3
services for their mining operations
2
% Of Collocated Mining5,6
1

72% 0
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
63%

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DGHI Valuation Disconnect
Market Cap EV EH Online EV / EH MW Owned EV/MW
4,740 4,830 31.5 $ 153.33 584 $ 8.27

3,360 3,890 22.9 $ 169.71 1,200 $ 3.24

3,140 2,620 28.2 $ 92.91 1,000 $ 2.62

2,670 2,140 27.6 $ 77.54 552 $ 3.88

DGHI is >10x
undervalued
2,370 2,350 10.0 $ 235.00 245 $ 9.59 when comparing
1,710 1,650 3.7 $ 441.18 255 $ 6.47 its’ ExaHash rate &
total Megawatts
1,560 1,760 18.0 $ 97.78 762 $ 2.31
deployed to
526 471 2.4 $ 193.94 54 $ 8.73 competition

Average 2,509 2,464 18.05 $182.67 582 $5.64

48 49 3.0 $16.40 100 $ 0.49

Sources: Company Filings, Presentations, Yahoo Finance

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 Power Portfolio Distribution
Current Power Generation Anticipated Power Distribution (FY26 220MW)
Distribution (100MW)

Tier 1 Colocation Utility Power Sales

Tier 3 Colocation Self Mining

The Global Power Generation market size

is estimated to be $1,595Bn in FY24 & is Tier 1 Colocation Utility Power Sales
projected to grow to $2,439Bn by 20317 Tier 3 Colocation Self Mining

[Link]://[Link]/power-generation-market-159
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Operational Footprint
Columbiana North North Carolina Site
Alabama Tonawanda NY Buffalo NY (In Development)

Capacity: 22 MW Capacity: 60MW Capacity: 19MW Capacity: 200MW

Load study approved for 55 MW Load study in Process for additional 60 MW

Revenue Streams Revenue Streams Revenue Streams Potential Revenue Streams

Tier 1 Colocation | NYISO Payments, Tier 1 Colocation | Self Mining Tier 1 Colocation | Self Mining | Tier 3
Tier 1 Colocation | Self Mining
BTMG Bidding program

Hash Rate Hash Rate Hash rate Location

Current: 750PH Current: 2.2 EH Current: 600 PH Next to a Duke Switchyard and a
Max Potential (W Expansion): 4.0EH Max Potential (W Approved Load Study) $1.2Bn Google Data Center in
9.0 EH Hildebran, North Carolina

Highlights Highlights Highlights Potential

Efficient operations with a Highly efficient power generation Diversified operations Significant capacity for future
reliable power source, Load with low operational costs, combining self-mining & development into a major tier 1
studies completed, and making it our most productive hosting, optimizing resource and tier 3 data center
expansion plans underway site. utilization.

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Operational Footprint-North Tonawanda Power Plant
A Wholly Owned FERC & PSC approved Natural Gas Co-
gen Power Generation Plant (60MW | Potential 120MW)
The company has full access to BTMG (behind the meter
generation) bidding programs which allows for the following:
A. NYISO (New York Independent System Operator) Capacity payments
generate an estimated $3-5m of Revenue for FY24

B. The plant has existing connection to the utility, allowing for all excess
power generated to be directly sold back into the grid

C. Can also pull power from the grid, creating redundancy in power
generation, making the site a prime candidate for Tier 3 data center
colocation

Power Generation type: Natural Gas Turbine

Power Production Cost: $0.04c KhW

Creates Consistent Revenue Production & Future

Capability to Purchase an additional 60MW from the grid Arial View North Tonawanda PP

to utilize for Mining OR Colocation

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Tier 3 Data Center Backgrounder

General Requirements for Greenfield Tier 3 Development

Digihost has already
Process Step
Time to
Details completed all necessary steps
Completion(Months)
to begin Tier 3 Hosting
Ideal Land characteristics
1. Close to Switchyards
2. Near Metropolitan areas Utilizing existing site in
1. Land Acquisition 9-12 Months 3. No Floodplains Columbiana, AL
4. Robust security
5. Existing access to fiber
Load Studies assessing capacity is
Load Studies Completed With
2. Regulatory Approvals Varies by state required. Studies can take anywhere
from 6-24 months AL Regulators
Purchase of Assets (Transformers,
3. Energy Infrastructure Purchase
18-24 months Substation Creation, & High Voltage
Utilizing existing energy
& Buildout feed required) infrastructure in place
Customers all have specific
4. Find Customer Varies requirements depending on their
business lines to host

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 DGHI Tier 3 Expansion Plan

Digihosts’ First Tier-3 Datacenter Already Underway

• DGHI is Currently converting a wholly-owned 22MW (Expandable to

55MW) Tier 1 Data center into a Tier 3 Data Center in buildout phases

• Existing Infrastructure in place (power, transformers, high voltage

access)

• Company anticipates 1st phase activation (5mw) by 2Q26

Valuation

Anticipated Comp EV/EBITDA Total Anticipated Asset Valuation

EBITDA/MW Asset Multiples MW Developed

~$1mm 15x 22MW $330M

DGHI’s Proposed Tier 3 Data Center Conversion Site

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Anticipated Milestones

MARKET MILESTONES OPERATIONAL MILESTONES

1. Execute MOUs with Tier 3 colocation customers 1. Development Plan beginning for Tier 3 conversion 4Q24
2Q25
2. NYISO load study completion for 60MW Additional for
2. Securing Additional Tier 1 colocation agreements Tonawanda-1Q25
with bitcoin Miners – 2Q25
3. Develop remaining 33MW In Alabama for Tier 1 / Tier 3
Colocation – 2Q25

4. Begin Development of North Carolina site – 4Q25

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 DGHI -EV/2025E EBITDA Comparables
TTM EV/EBITDA
Digital Asset Miners
5.8x

Digital Asset Hybrid High Performance 5.6x 6.0x

Comp Miners (HPC | Mining) Computing
Average 5.6x 9.1x 21.9x Average median

Hybrid Miners (HPC | Mining) High Performance

Computing 21.9x 21.6x

9.0x 7.9x

Average median Average median

Sources: Company Filings, Presentations, CapIQ, Yahoo Finance Prices A/O 10/31/24

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 DGHI Sum Of The Parts Asset Valuation
Columbiana, AL North Tonawanda, NY Buffalo, NY Hildebran, NC

Current
Megawatt
Production 22 60 19 0 ~100 MW

Future
Megawatt Production
(24 Months) 55 120 19 20 ~220 MW

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DGHI Sum Of The Parts Asset Valuation

• There is Currently a Massive >20X Valuation Asset Valuation Per MW

disconnect between Value assigned to Digital
Digital Asset Miners High Performance
Mining Assets Vs. HPC Assets Computing

• By Pivoting into the HPC Space, DGHI will recognize $500K ~$12.5M
the full value of their assets for the highest and best
use case of their deployed Megawatts

Book Value of DGHI Future Assets

Total Anticipated Future Power Tier 1 Colocation
High performance
Computing
Megawatt Portfolio Distribution (MW) Total MW Deployed 198 22
(24 Months)
Mining HPC Valuation Per MW $500,000 $12,500,000

~220 MW 90% 10% Segment Asset Value $99M $275M

Total Asset Value $374M

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Financials

Balance Sheet Review (A/O 06/30/24)

$mm 6M Ended 06/30/24 Full Year
$4.13m of Cash on the Balance Sheet

Company Carries no debt 2024 2023

Companies’ CAPEX Light mining footprint allows for Revenue $22.19 $ 26.11
more dollars invested upstream to power production
Gross Profit/Operating Margin $(2.89) $ (9.67)

Net Income $0.08 $ (21.89)

Segment Analysis Detail EBIT $0.06 $ (21.84)

(6M Ended 06/30/24)
EBITDA $7.94 $ (6.92)

Adjusted EBITDA $2.70 $ 1.59

Crypto Energy Colocation Total
Mining Sales Services Revenue Working Capital $(1.76) $ (3.06)

Digital Currency $2.60 $ 0.82

$9.8m $8.8m $3.6m ~$22m
Net Fixed assets $28.77 $ 33.39

O/S shares 29,353,749 28,878,667

*EBITDA Adjustments include Change in Fair value on Miner leases, warrant liabilities, loans,
share-based compensation, Write off PP&E, FX Gain / loss, and loss on revaluation of digital
currencies

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Digihost: Leadership Team & Advisory Board
Michele Amar Alec Amar
Chairman and CEO President, Board member
Michel Amar is a French-American businessman and entrepreneur known for his Alec Amar, a USC graduate, is a leader in data center and cryptocurrency mining, with
success in innovative technology, such as blockchain and electronics, as well as over 150 MW of development to his credit. Starting in Bitcoin in 2017, he developed his
developing branded fashion. With a Bachelor’s degree in accounting and business first Tier 1 data center and has since managed multiple facilities specializing in
management, Michel has worked and consulted with some of the most famous cryptocurrency mining and high-performance computing. Alec oversees the full
international brands, playing a vital role in their profitability and continued lifecycle of data center projects, from site development to operations, emphasizing
relevance. In 2019, Michel partnered with Brookstone, a novelty retailer, in efficiency and innovation. He continues to drive energy and digital infrastructure
developing exclusive, technologically advanced products for their consumer projects that connect advanced computing with sustainable power solutions."
electronics market.

Gerard Rotanda Dennis Elensbeck

Audit Committee & Board Member Board Advisor
Mr. Rotonda was the Chief Financial Officer and Executive Committee Mr. Elsenbeck provides consulting on energy supply, distribution, and demand as
Member for Deutsche Bank Wealth, Management Americas from 2011 Head of Energy and Sustainability at Phillips Lytle LLP and founder of ElsEnergy LLC.
through 2018. Mr. Rotonda has over 30 years of experience in business With nearly 30 years in a leadership role at a major U.S. utility and as former President
development and financial analysis, most recently as Co-Founder and and Chief Sustainability Officer at Viridi Parente, he offers expertise in energy policy,
Partner at MMR Development, a real estate company which develops or analytics, and economic insights. His work includes regulatory compliance, energy
repositions office, residential and hotel properties. Mr. Rotonda has also procurement, utility negotiations, and integrated resource planning. Mr. Elsenbeck is
been Senior Business Leader and Director Strategy and Planning at also Board Chair of the Northland Workforce Training Center and serves on boards for
MasterCard Incorporated, Director Strategic Planning at Credit Suisse the Buffalo Urban Development Corporation and the University at Buffalo's School of
Group, and Vice President Investment Finance and Structured Lending at Engineering.
Citigroup. Mr. Rotonda holds a BSBA in Accounting and MBA from Boston
University.

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Thank you
IR@[Link] 888-474-9222
Sources

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[Link]/industries/technology-media-and-telecommunications/our-insights/investing-in-the-rising-data-center-economy.
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[Link]/sites/emilsayegh/2024/09/25/data-centers-at-the-heart-of-the-ai-and-digital-economy-surge/.
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mining-
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