Digihost Announces Closing of CAD$25 Million Brokered Private Placement With Institutional Investors
Summary
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, March 17, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF) is pleased to announce that the Company has closed its previously announced private placement of equity securities (the “Offering”). The net proceeds of the private placement will be used by the Company primarily to acquire additional Bitcoin miners, infrastructure expansion, further reduce energy costs and for working capital purposes. Each Broker Warrant will entitle the holder to purchase one common share at an exercise price of CAD$3.3375 at any time for a period of three years from the issuance date. The Companys mining facility is located in Buffalo, N.Y., and is equipped with an 18.7MVA 115,000-kilovolt-ampere outdoor substation with an option to increase the power output to 42MVA. For further information, please contact: Cautionary Statement Trading in the securities of the Company should be considered highly speculative.