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Digihost (TSXV:DGHI) appoints new Chief Financial Officer
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  • Digihost has closed its previously announced private placement of equity securities
  • The offering generated gross proceeds of C$15 million from the sale of 8,333,336 common shares and 6,250,002¬†purchase warrants
  • The net proceeds of the private placement will be used primarily to acquire additional Bitcoin miners
  • No securities were offered or sold to Canadian residents in connection with the private placement
  • Gerard Guez has resigned as a director of the company
  • Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
  • Digihost Technology Inc. (DGHI) is down 9.87 per cent, trading at C$1.37 per share at 2:15 pm ET

Digihost (DGHI) has closed its private placement of equity securities.

The offering generated gross proceeds of C$15 million from the sale of 8,333,336 common shares and warrants to purchase 6,250,002 common shares.

The warrants have an exercise price of CAD$1.99 per Share and an exercise period of three years from the issuance date.

The net proceeds of the private placement will be used primarily to acquire additional Bitcoin miners, expand infrastructure focused on environmental sustainability, and improve its working capital position.

H.C. Wainwright & Co. acted as the exclusive placement agent for the private placement.

H.C. Wainwright & Co. received a cash commission equal to 8.0% of the gross proceeds of the offering and 666,667 non-transferable broker warrants. 

The securities issued under the offering are subject to customary resale restrictions in the United States with no resale restrictions in Canada. No securities were offered or sold to Canadian residents in connection with the private placement.

Resignation of Director

Digihost also announces that Gerard Guez has resigned as a director of the company for personal reasons. Digihost would like to thank Mr. Guez for his hard work and numerous contributions to the Digihost board over the past year and a half.

Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.

Digihost Technology Inc. (DGHI) is down 9.87 per cent, trading at C$1.37 per share at 2:15 pm ET.

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