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.
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