Digihost Announces Update to Private Placement VANCOUVER, British Columbia, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCPK: HSSHF) announces that it has updated the terms of the fully subscribed non-brokered private placement as originally announced on January 5, 2021. The updated private placement of common shares (the “Shares”) will be sold at $0.81 per Share for gross proceeds of $283,400 (the “Offering”). The Company intends to close the Offering as soon as possible, subject to approval of the TSX Venture Exchange.
Proceeds of the Offering will be used for the acquisition of miners and for general working capital purposes. The Shares issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
About Digihost Technology Inc.
Digihost Technology Inc. is a growth-oriented blockchain company primarily focused on Bitcoin mining. The Company's 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:
Digihost Technology Inc.
Michel Amar, Chief Executive Officer
Email: michelamar@me.com