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.

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