On June 15, 2021 Digihost Technology Inc. (“Digihost” or the “Company”) announced that it had entered into subscription agreements with certain institutional investors, for gross proceeds of approximately CAD$15 million in a private placement of its equity securities, comprised of 8,333,336 common shares of the Company (“Shares”) and warrants to purchase up to 6,250,002 common shares (“Warrants”), at a purchase price of CAD$1.80 per Share and associated Warrant. The Warrants have an exercise price of CAD$1.99 per Share and exercise period of three years from the issuance date.

The net proceeds of the private placement will be used by the Company primarily to acquire additional Bitcoin miners, expand infrastructure focused on environmental sustainability, and improve its working capital position.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the private placement.

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 200PH with potential to expand to a rate of 3EH upon the completion of the previously announced acquisition of a 60MW power plant.

Peterson McVicar LLP acted for Digihost Technology Inc. with a team that included Dennis Peterson and Domenic D’Argento.