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Digihost (TSXV:DGHI) closes $25 million brokered private placement
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  • Digihost (DGHI) has closed a C$25 million brokered private placement with institutional investors
  • The company sold 11,682,243 common shares and associated warrants at $2.14 per share
  • The company will use the net proceeds to acquire Bitcoin miners, expand its infrastructure and reduce energy costs
  • H.C. Wainwright & Co. acted as the exclusive agent for the private placement
  • Digihost Technology is a growth-oriented blockchain company focused on Bitcoin mining
  • Digihost (DGHI) closed the day up 14.62 per cent trading at $1.96 per share

Digihost (DGHI) has closed a C$25 million brokered private placement with institutional investors.

The company sold 11,682,243 common shares and associated warrants at $2.14 per share.

Each warrant entitles the holder to a Digihost common share priced at $2.37 for a period of four years from the date of issuance.

The company will use the net proceeds to acquire Bitcoin miners, expand its infrastructure, reduce energy costs and for working capital purposes.

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

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

The company’s mining facilities are located in Upstate New York and are equipped with 78.7 MW of low-cost power with the option to expand to 102 MW.

Digihost (DGHI) closed the day up 14.62 per cent trading at $1.96 per share.

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