Digihost Announces US$5.35 Million Private Placement
Digihost Technology (Nasdaq/TSXV: DGHI) has announced a private placement of equity securities for gross proceeds of up to US$5.35 million. The placement includes 2,026,516 subordinate voting shares and warrants exercisable for up to 1,013,258 shares at a combined purchase price of US$2.64.
The warrants have an exercise price of US$3.66 per share with a three-year exercise period. The company may increase the placement size by up to 25%. The proceeds will be used for infrastructure expansion acquisitions and working capital. The private placement is expected to close around February 5, 2025, subject to regulatory approvals including TSX Venture Exchange approval.
Digihost Technology (Nasdaq/TSXV: DGHI) ha annunciato un collocamento privato di titoli azionari per un ricavo lordo di fino a 5,35 milioni di dollari USA. Il collocamento comprende 2.026.516 azioni con voto subordinato e warrant esercitabili per un massimo di 1.013.258 azioni a un prezzo d'acquisto complessivo di 2,64 dollari USA.
I warrant hanno un prezzo d'esercizio di 3,66 dollari USA per azione con un periodo di esercizio di tre anni. L'azienda può aumentare la dimensione del collocamento fino al 25%. I proventi saranno utilizzati per acquisizioni di espansione infrastrutturale e capitale circolante. Si prevede che il collocamento privato si chiuda intorno al 5 febbraio 2025, soggetto ad approvazioni regolari, compresa l'approvazione della TSX Venture Exchange.
Digihost Technology (Nasdaq/TSXV: DGHI) ha anunciado una colocación privada de valores de capital por unos ingresos brutos de hasta 5.35 millones de dólares estadounidenses. La colocación incluye 2,026,516 acciones con derecho a voto subordinado y warrants ejercitables por hasta 1,013,258 acciones a un precio de compra combinado de 2.64 dólares estadounidenses.
Los warrants tienen un precio de ejercicio de 3.66 dólares estadounidenses por acción con un período de ejercicio de tres años. La empresa puede aumentar el tamaño de la colocación hasta un 25%. Los ingresos se utilizarán para adquisiciones de expansión de infraestructura y capital de trabajo. Se espera que la colocación privada se cierre alrededor del 5 de febrero de 2025, sujeto a aprobaciones regulatorias, incluida la aprobación de la TSX Venture Exchange.
Digihost Technology (Nasdaq/TSXV: DGHI)는 최대 535만 달러의 총 수익을 위한 주식 증권의 사모 배치를 발표했습니다. 이 배치는 2,026,516주의 보통주와 1,013,258주에 대해 행사 가능 보증서를 포함하며, 총 구매 가격은 2.64달러입니다.
해당 보증서의 행사 가격은 주당 3.66달러로, 3년간 행사 가능합니다. 회사는 배치 규모를 최대 25%까지 늘릴 수 있습니다. 수익금은 인프라 확장 인수 및 운영 자본에 사용될 예정입니다. 사모 배치는 2025년 2월 5일경에 마감될 것으로 예상되며, TSX 벤처 거래소 승인을 포함한 규제 승인의 필요가 있습니다.
Digihost Technology (Nasdaq/TSXV: DGHI) a annoncé un placement privé de titres de capitaux propres pour des produits bruts pouvant atteindre 5,35 millions de dollars américains. Le placement comprend 2 026 516 actions avec droit de vote subordonné et des bons de souscription exerçables pour jusqu'à 1 013 258 actions à un prix d'achat global de 2,64 dollars américains.
Les bons de souscription ont un prix d'exercice de 3,66 dollars américains par action avec une période d'exercice de trois ans. La société peut augmenter la taille du placement jusqu'à 25 %. Les produits seront utilisés pour des acquisitions d'expansion d'infrastructure et du fonds de roulement. La clôture du placement privé est attendue autour du 5 février 2025, sous réserve des approbations réglementaires, y compris l'approbation de la TSX Venture Exchange.
Digihost Technology (Nasdaq/TSXV: DGHI) hat eine Privatplatzierung von Eigenkapitalwertpapieren mit einem Bruttoerlös von bis zu 5,35 Millionen US-Dollar angekündigt. Die Platzierung umfasst 2.026.516 nachrangige stimmberechtigte Aktien und Warrants, die für bis zu 1.013.258 Aktien zum Gesamtpreis von 2,64 US-Dollar ausgeübt werden können.
Die Warrants haben einen Ausübungspreis von 3,66 US-Dollar pro Aktie und eine dreijährige Ausübungsfrist. Das Unternehmen kann die Größe der Platzierung um bis zu 25% erhöhen. Die Erlöse werden für Infrastrukturausbau-Akquisitionen und Betriebskapital verwendet. Der Abschluss der Privatplatzierung wird voraussichtlich am 5. Februar 2025 erfolgen, vorbehaltlich der Genehmigungen durch die Regulierungsbehörden, einschließlich der Genehmigung der TSX Venture Exchange.
- Secured US$5.35 million in new funding
- Potential for 25% increase in placement size
- Three-year warrant term provides future funding potential
- Potential dilution for existing shareholders
- Subject to regulatory approval uncertainty
Insights
The announced
The warrant coverage ratio of
From an infrastructure perspective, the capital raise's timing aligns with the broader data center sector's expansion phase. The focus on infrastructure acquisitions suggests Digihost is positioning itself to capitalize on growth opportunities in the energy-efficient data center space. The working capital component provides operational flexibility during this expansion phase.
The exclusion of Canadian investors and compliance with U.S. securities regulations indicates a strategic focus on U.S. market development, which aligns with the company's Nasdaq listing and operational footprint. The relatively quick expected closing timeline (by February 5) suggests strong investor interest and efficient execution capability.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
HOUSTON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq / TSXV: DGHI), an innovative energy infrastructure company that develops cutting-edge data centers, is pleased to announce that the Company has entered into subscription agreements with certain investors for gross proceeds of up to US
The net proceeds of the Private Placement will be used by the Company primarily for acquisitions related to infrastructure expansion and for general working capital purposes. The consummation of the Private Placement is subject to the receipt of all required corporate and regulatory approvals, including the approval of the TSX Venture Exchange, and other customary closing conditions, and is expected to occur on or about February 5, 2025.
No securities were offered or sold to Canadian residents in connection with the private placement.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. The securities being offered have not been 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 registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.
About Digihost
Digihost is an innovative energy infrastructure company that develops cutting-edge data centers to drive the expansion of sustainable energy assets.
For further information, please contact:
Michel Amar, Chief Executive Officer
Digihost Technology Inc.
www.digihostpower.com
Digihost Investor Relations
T: 888-474-9222
Email: IR@digihostpower.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Except for the statements of historical fact, this news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Private Placement, including closing of the Private Placement and approval of the TSX Venture thereof and the use of net proceeds from the Private Placement, potential further improvements to profitability and efficiency across mining operations, including, as a result of the Company’s expansion efforts, potential for the Company’s long-term growth, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the failure to satisfy the conditions to closing of the Private Placement; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; effects on Bitcoin prices as a result of the most recent Bitcoin halving; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company’s power plant; the digital currency market; the Company’s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
FAQ
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