Transactions

Peterson McVicar Acts for Digihost in CAD$13.3 Million Private Placement Priced at a Premium with Institutional Investor

On March 6, 2022 Digihost Technology Inc. (“Digihost” or the “Company”) announced that it had entered into a subscription agreement with a single institutional investor, for gross proceeds of approximately CAD$13.3 million in a private placement of its equity securities, comprised of 3,029,748 common shares of the Company (“Shares”) (or common share equivalents) and warrants to purchase up to 3,029,748 common shares (“Warrants”), at a purchase price of CAD$4.40 per Share and associated Warrant, representing a premium of more than 10% over the previous closing price of CAD$3.97 on the TSX Venture Exchange on Friday March 4, 2022.

The net proceeds of the private placement will be used by the Company primarily to acquire additional Bitcoin miners, expand infrastructure and for general working capital purposes.

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. Through its self-mining operations and joint venture agreements, the Company is currently hashing at a rate of approximately 415PH.

Back

Recent Transactions

06 May 2022

Peterson McVicar Acts for Galway Metals in Upsizing of $8 Million Bought Deal Private Placement Financing to $10 Million

Learn More

05 May 2022

Peterson McVicar Acts for Galway Metals in $8 Million Bought Deal Private Placement Financing

Learn More

12 April 2022

Peterson McVicar Acts for Red Cloud in Tier One Silver Marketed Public Offering of C$6.0 Million

Learn More

11 April 2022

Peterson McVicar Acts for Red Cloud in Labrador Uranium Upsize of Bought Deal Private Placement to C$8.0 Million

Learn More