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Bullboard - Stock Discussion Forum Digihost Technology Inc V.DGHI

Alternate Symbol(s):  DGHI

Digihost Technology Inc. is a Canada-based blockchain technology and computer infrastructure company. The Company is engaged in cryptocurrency mining. The operations of the Company are located in two geographic locations: Canada and the United States. The Company focuses on its network development, hosting, and mining operations supported by renewable and sustainable energy. The 90% of the... see more

TSXV:DGHI - Post Discussion

Digihost Technology Inc > Though i like DigiHost..........
View:
Post by mrmomo on Nov 02, 2021 9:59am

Though i like DigiHost..........

As a Crypto miner & a proxy for exposure to Bitcoin, one thing i don't understand COMPLETETLY is some of the logic behind some decisions they've made recently. Specifically their intentions to list on the main board of NASDAQ. I understand WHY they're doing it and the reasoning & motives behind that BUT just don't quite get HOW they will be able to do so. From my understanding, to be able to list on the NASDAQ main board, there are quite a few obligations & requirements to do so. A few of them being the strict financial reporting AND absolute minimums required, specifically in terms of Revneue & market Capitalization.

Not quite sure HOW they will be able to achieve those minimums solely based on the current status of the company and be cleared to list on NASDAQ. From my understanding, they require a substantial & constant Revenue stream AND a market cap of at least $500M US. Don't know about you guys, but i just don't see how they can possibly get there without some drastic material events in the company. I'm not a current s/h but have been following it for quite some time with deep interest and maybe the possibility of becoming a holder. Just wanted to clarify this little problem before we moved on to other subjects of matter in the company.

Good luck & God speed
Comment by Topper00 on Nov 02, 2021 10:12am
Mrmomo your 100 right. I've been long invested since hashchain became this and the splits that only fell after losing my long investment. I think I use to have like 7000 shares at the start and now I have 57 shares worth 400$ and if it falls future my 3 grand invested like 4 years back is $400 and falling now.
Comment by simmerdown on Nov 02, 2021 10:28am
Listing Requirements for All Companies Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company. The regular bid price of shares of the company's stock at the time of listing must be at ...more  
Comment by Rotaris on Nov 02, 2021 5:51pm
So no chance any time soon?
Comment by mrmomo on Nov 02, 2021 8:01pm
"So no chance any time soon?" Correct Rotaris...... OR the stock needs to double from here (but even that doesn't totally satisfy ALL the requirements) soon OR they need to make some VERY material & significant changes both internally & on the operational side. Personally i was aware of most of the basic obligations & requirements a NasDaq listing demands, but as ...more