Digihost Announces Participation at the H.C. WAINWRIGHT Cryptocurrency, Blockchain & Fintech Conference on April 27, 2021
Digihost Technology Inc. (TSXV: DGHI; OTCQB: HSSHF) will present at the virtual H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. CEO Michel Amar will discuss the Company's efficient Bitcoin mining operations and strategic growth plans. Digihost's facilities in Upstate New York utilize 78.7 MW of low-cost power, with a hashing rate of 190PH, poised to expand to 3EH after acquiring a 60MW power plant. Interested investors can register for one-on-one meetings during the conference.
- Participation in a prominent cryptocurrency conference may increase visibility and investor interest.
- Digihost's mining facilities are equipped with low-cost power, enhancing profitability potential.
- Dependence on the volatile cryptocurrency market may adversely affect profitability.
- Risks related to regulatory approvals for equipment and infrastructure acquisitions.
TORONTO, April 22, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF) is pleased to announce that it will be featured as a presenting company at the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference, which is being held virtually on Tuesday, April 27, 2021.
Michel Amar, CEO of Digihost, will provide an overview of the Company’s journey to develop its highly efficient Bitcoin mining operations, as well as the Company’s plans to innovate, improve and grow its mining infrastructure as the Company turns towards the next milestones in its strategic growth. Mr. Amar will also be available to participate in one-on-one meetings with investors who are registered to join the conference.
Interested parties can listen to the Company’s presentation or book a one-on-one conversation by registering for the conference at the following link: www.hcwevents.com/crypto
About Digihost Technology Inc.
Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining. The Company's mining facilities are located in Upstate New York, and are equipped with 78.7 MW of low-cost power with the option to expand to 102MW. The Company is currently hashing at a rate of 190PH with potential to expand to a rate of 3EH upon the completion of the previously announced acquisition of a 60MW power plant.
For further information, please contact:
Digihost Technology Inc.
www.digihost.ca
Michel Amar, Chief Executive Officer
T: 1-818-280-9758
Email: michel@digihost.ca
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” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about potential further improvements to profitability and efficiency across mining operations including as a result of acquisitions of equipment and infrastructure, 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 ability to obtain regulatory approval for and complete acquisitions of equipment and infrastructure on the terms as announced or at all; the ability to successfully integrate the acquisitions of equipment and infrastructure on an economic basis or at all; 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; 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; 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.
FAQ
What is the significance of Digihost's presentation at the H.C. Wainwright Conference on April 27, 2021?
What are Digihost Technology's current Bitcoin mining capabilities?
How does low-cost power impact Digihost's operations?
What challenges could affect Digihost's growth strategy?
