Thursday, May 29, 2025

Latest

Digihost Closes $15 Million Financing, Files Registration Statement

Digihost Technologies (TSXV: DGHI) last night announced that it has closed its outstanding private placement, raising gross proceeds of $15.0 million. The financing was reportedly conducted with certain institutional investors.

The financing saw a total of $15.0 million raised at a price of $1.80 per unit. Each unit contained one common share and three quarters of a common share purchase warrant. Each warrant is valid for a period of three years from the date of issuance and contains an exercise price of $1.99 per share.

Proceeds from the financing are to be used to acquire additional bitcoin miners, expand infrastructure, and improve the firms working capital position.

Notably, the financing was expected to close on June 18 at the time of initial announcement – a full four days before its actual closing.

The company last night also announced that immediate resignation of Gerard Guez from the firms board of directors for personal reasons. Then this morning, the company announced the filing of a registration statement with the US SEC, putting the company one step closer to listing its shares on the Nasdaq. The firm still has yet to complete all applicable listing and regulatory requirements for the uplisting however.

Digihost Technology last traded at $1.40 on the TSX Venture.


Information for this briefing was found via Sedar and Digihost Technology. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Digihost Acquires Property For New 55 MW Bitcoin Mining Facility Despite Bear Market

Digihost Technology (TSXV: DGHI) is focused on expanding its bitcoin mining operation, despite the total...

Tuesday, June 14, 2022, 07:44:09 AM

Digihost Technology Announces Share Buyback Program Two Months After Launching At The Market Financing

Digihost Technologies (TSXV: DGHI) doesn’t seem to know whether its coming or going. The firm...

Thursday, May 19, 2022, 08:18:53 AM

Digihost To Conduct $25.0 Million Financing

There appears to be a very strong demand for digital currency miners among institutions. Last...

Friday, March 12, 2021, 07:27:53 AM

Digihost Replaces CFO Two Weeks After Replacing Auditor

Digihost Technology (TSXV: DGHI) this morning announced the replacement of its chief financial officer. Effective...

Thursday, April 29, 2021, 08:20:52 AM

Digihost Reports March Production Of 36.54 Bitcoin

Digihost Technology (TSXV: DGHI) this morning provided a brief operational update on their performance over...

Tuesday, April 6, 2021, 08:12:01 AM