Host Digital Inc., a developer of AI data center platforms, has listed on the New York Stock Exchange American under the ticker symbol HOST, following the completion of a merger with Host Digital Infrastructure LLC on September 17, 2026. The listing marks the company’s entry into the public markets with a market capitalization of approximately $385 billion as of September 21, 2026, following a priced offering that left 48.1 million shares outstanding. The company’s debut coincides with its strategy to acquire a second data center site from its sponsor, expanding its critical IT load capacity and revenue base.
Host Digital currently owns Site I, a 55-megawatt (MW) facility in Oklahoma with 43 MW of contracted critical IT load. The site is under a 15-year take-or-pay lease with a 3.0% annual rent escalation, backed by a lease backstop from an investment-grade global technology company. The facility is expected to deliver its first tenant load in the first quarter of 2027, generating an initial contracted revenue of $67 million per year. Over a 30-year term, if all renewal options are exercised, the contracted revenue could reach $3.2 billion.
The company is now negotiating to acquire Site II, a 20-MW facility in Northeast Oklahoma, under its rights granted by the Preferential Rights Agreement. If completed, the acquisition would increase Host Digital’s total contracted critical IT load to approximately 59.3 MW, with base-term contracted revenue rising to $1.64 billion across both sites. Site II’s 12-year lease with a publicly traded AI cloud provider includes a 2.5% annual rent escalation and a lease backstop from a different investment-grade technology company. Its contracted revenue stands at $391 million per year for the base term, with a potential total term of 22 years, reaching $819 million if all renewal options are exercised.
Host Digital’s strategy centers on acquiring energized, leased data center assets with long-term contracted demand, avoiding speculative builds. The company’s sponsor pipeline includes an additional 450 MW of RightScaled assets, with potential deliveries spanning 2026 through 2028 and beyond. This approach aligns with the growing demand for AI infrastructure, where power availability and tenant commitments are critical constraints.
Beyond its data center business, Host Digital operates a portfolio of 19 natural and organic grocery stores across six states under brands such as Ada’s Natural Market, Paradise Health & Nutrition, and Greens Natural Foods. This division operates as the Healthy Choice Wellness Corp. subsidiary, reflecting the company’s diversified interests.
The listing follows a decade of experience in real estate private equity and digital infrastructure by Harmol Samra, CEO, who previously led ICONIQ Capital’s IPI Partners, which grew into a global data center platform before its sale to Blue Owl in 2024. Shawn Matthews, Chairman of the Board, brings over 30 years of experience in energy and financial sectors, including roles at Cantor Fitzgerald and Mercator Power.
Host Digital’s public market debut aims to provide a platform for further expansion, leveraging its disciplined approach to acquiring and developing AI data center assets with strong contracted demand and power infrastructure.
