Digihost Sets Fourth Quarter and Full Year 2021 Earnings Conference Call for Monday, March 28, 2022 at 5:00 P.M. Eastern Time

Rhea-AI Summary

Digihost Technology Inc. (DGHI) will host a conference call on March 28, 2022, at 5:00 p.m. Eastern Time, to discuss its fourth quarter and full year 2021 financial results, audited by Raymond Chabot Grant Thornton LLP. A press release detailing these results will be issued prior to trading on the same day. Topics include operations, future growth, and potential challenges in cryptocurrency mining. The company currently hashes at approximately 500PH and aims for operational efficiency and profitability.

Positive

• Hashing rate of approximately 500PH indicating strong operational capacity.

Negative

• Potential impact of cryptocurrency price volatility on operations and profitability.

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 4, 2022 to its short form base shelf prospectus dated February 23, 2022.

TORONTO, March 23, 2022 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based Bitcoin self-mining company will host a conference call on Monday, March 28, 2022 at 5:00 p.m. Eastern Time to discuss its operations and results from the fourth quarter and full year 2021. The Company will report its fiscal fourth quarter and full year 2021 financial results audited by Raymond Chabot Grant Thornton LLP and a press release detailing these results will be issued prior to the commencement of trading on the same day.

Digihost management will provide prepared remarks, followed by a question-and-answer period. Pre-submitted questions may be considered, and interested parties may submit questions at michel@digihostblockchain.com and don@digihostblockchain.com through March 25, 2022.

Date: Monday, March 28, 2022
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Local - Toronto: (+1) 416-764-8658
Toll Free - North America: (+1) 888-886-7786

Please call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Digihost’s investor relations team at (+1) 818-280-9758.

A replay of the call will be available after 7:00 p.m. Eastern time on the same day through Monday, April 4, 2022 at 11:59 p.m. Eastern time.

Montreal: (+1) 438-798-3291 - Français
Toronto: (+1) 416-764-8691 - English
Toll Free - North America: (+1) 877-674-6060 - English
Playback Passcode: 235294 #

About Digihost Technology Inc.

Digihost is a growth-oriented blockchain technology company primarily focused on Bitcoin mining. Through its self-mining operations and joint venture agreements, the Company is currently hashing at a rate of approximately 500PH.

For further information, please contact:

Digihost Technology Inc.
www.digihost.ca
Michel Amar, Chief Executive Officer
Email: michel@digihostblockchain.com
Phone: 1 818 280-9758

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 news 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 U.S. and Canadian securities laws. Forward-looking information in this news release includes information about hashrate and infrastructure expansion, diversification of operations, potential further improvements to profitability and efficiency across mining operations, potential for the Company’s long-term growth, and the business goals and objectives of the Company. Factors that could cause actual results, performance or achievements to differ materially from those described in such forward-looking information include, but are not limited to: continued effects of the COVID19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from operating its assets; the ability to establish new facilities for the purpose of cryptocurrency mining; receipt of Public Service Commission approval or other regulatory or board approvals; the ability to establish new facilities for the purpose of research & development; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; delivery of mining rigs for self-mining and for hosting may not be realized in the number anticipated, or at all, or on the schedule anticipated, and resulting hashing power may materially differ from that anticipated; further improvements to profitability and efficiency may not be realized; 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.sedar.com. 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. In connection with the forward-looking information contained in this news release, the Company has made assumptions about: the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. 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 uncertainty therein. Except as expressly required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, changed circumstances or future events or for any other reason.

FAQ

When is Digihost Technology's conference call?

The conference call is scheduled for March 28, 2022, at 5:00 p.m. Eastern Time.

What results will Digihost report on the conference call?

Digihost will report its fiscal fourth quarter and full year 2021 financial results.

Who will audit Digihost's financial results?

The financial results will be audited by Raymond Chabot Grant Thornton LLP.

What hashing rate is Digihost currently operating at?

Digihost is currently hashing at a rate of approximately 500PH.

What challenges might affect Digihost's profitability?

Challenges include cryptocurrency price volatility and supply chain disruptions.