Host Digital debuts on NYSE American (ticker: HOST) and exercises its right to acquire a second AI data center site from its sponsor.

Host Digital Inc. (NYSE American: HOST) began trading on the NYSE American under the ticker symbol "HOST" on Friday, September 18, 2026, following the completion of its merger with Host Digital Infrastructure LLC on September 17, 2026. The Company's outstanding share count following the priced offering is 48,088,414, implying a market capitalization of $384,947,754.07 as of market close on September 21, 2026.

Host Digital is a vertically integrated digital infrastructure company that develops, acquires, owns, and operates institutional-quality, RightScaled data centers for artificial intelligence and high-performance computing. The company operates as an underlying digital infrastructure and real estate platform rather than taking technology or compute risk, with tenants controlling their own compute infrastructure and model layers.

With the closing of the merger, Host Digital now owns Site I, a fully executed 15-year take-or-pay lease for 55 MW gross / 43 MW of critical IT load, representing approximately $1.25 billion in base-term contracted revenue, or approximately $3.2 billion over a 30-year total term if all renewal options are exercised. Year 1 contracted revenue is $67 million, with delivery expected in the first quarter of 2027. The lease includes a 3.0% annual rent escalator with the tenant bearing operating expenses and is expected to be supported by a lease backstop from an investment-grade publicly listed U.S.-based global technology company.

Host Digital also announced that it has signed a Preferential Rights Agreement with its Sponsor, which provides the company with a right of first offer and right of first refusal on qualifying data center projects. Under this agreement, Host Digital expects to acquire a second data center facility, also located in northeast Oklahoma ("Site II"). The Sponsor has signed a 12-year take-or-pay lease for Site II with a publicly traded AI cloud provider, for approximately 20 MW of gross / 16 MW of critical IT load, representing approximately $391 million in base-term rent, or approximately $819 million over a total 22-year term assuming all renewal options are exercised. Year 1 contracted revenue is expected to be $28.3 million. The terms include a 2.5% annual rent escalator with the tenant bearing operating expenses, and the lease is expected to be supported by a lease backstop from a different investment-grade publicly listed U.S.-based global technology company. The contribution of Site II remains subject to negotiation and the execution of definitive agreements.

If the Site II acquisition is completed, Host Digital expects to have approximately 59.3 MW of total contracted critical IT load and an aggregate of $1.64 billion in base-term contracted revenue across the two sites.

The Preferential Rights Agreement grants Host Digital a 24-month exclusive right of first offer and right of first refusal on qualifying data center assets from the Sponsor's pipeline, which includes an additional 450 MW of RightScaled data center assets with the potential ability to be delivered to tenants in 2027, as well as longer-term, "land and expand" growth from both grid and behind-the-meter expansions at existing sites, followed by the potential development of larger scale projects which may potentially be delivered to tenants in 2028 and beyond.

Host Digital's development model centers on RightScaled sites of approximately 20 MW to 100 MW with grid power available today or in the near term, supplemented by behind-the-meter generation where appropriate, and developed against long-term contracted demand from strong or credit-enhanced counterparties. The company expects to target a combination of RightScaled, 20-100 MW grid-powered assets with existing or near-term electricity in place, which it expects to be able to deliver to tenants in 2026, 2027 and 2028. This "barbell" approach aims to accelerate revenue by emphasizing speed to power, while maximizing opportunities for scale over time. The company focuses on rapidly delivering "turnkey" facilities that go beyond a typical powered shell to meet tenants, chipmakers and end users in what it considers a "sweet spot" of development cost and lease rates. The strategy is designed to bring new capacity to market in months rather than years while avoiding many of the interconnection, permitting, and infrastructure constraints facing larger greenfield developments.

"Host Digital is entering the public markets with the three things that matter most in AI infrastructure today: access to power, contracted demand, and a model we can repeat," said Shawn Matthews, Chairman of Host Digital. "At our initial site, we have 43 MW of critical IT load committed under a long-term lease. We now have started negotiations to acquire a second energized and leased facility. If we complete that acquisition, Host Digital expects to have approximately 59.3 MW of total contracted critical IT load and an aggregate of $1.64 billion in base-term contracted revenue across the two sites. Our listing on the New York Stock Exchange American gives us a public-markets platform to continue building that portfolio with discipline."

"Infrastructure is ultimately constrained by how quickly operators can secure power and bring capacity online," said Harmol Samra, Chief Executive Officer of Host Digital. "The Host Digital platform's strategy addresses this constraint. We target acquiring sites where power is already flowing or available in the near term, then develop against long-term contracted demand, rather than building speculative capacity and hoping tenants follow. Site II is exactly the type of asset our RightScaled strategy was designed to capture: energized infrastructure, a modular design, contracted demand, and a defined path to tenant delivery."

Shawn Matthews serves as Chairman and brings over 30 years of management experience in public and private corporations, with diverse experience across energy and financial sectors. His leadership experience includes serving as CEO of Cantor Fitzgerald & Co. from 2009 to 2018; as founder and CEO of Hondius Energy; as CEO of Mercator Power; and as sponsor of Terrestrial Energy and a former member of its board of directors. Harmol Samra serves as Chief Executive Officer and has over a decade of experience in real estate private equity.

Host Digital expects to own and control the core physical infrastructure at each facility, including the real estate, power and interconnection rights, utility agreements, electrical systems, and cooling infrastructure. Any contributions of additional sites remain subject to negotiation and the execution of definitive agreements, and no assurance can be given that they will occur.