Digihost Announces Closing of Over-Subscribed US$6.6 Million Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) — Digihost Know-how Inc. (“Digihost” or the “Firm”) (Nasdaq / TSXV: DGHI), an progressive power infrastructure firm that develops cutting-edge information facilities, is happy to announce that it has closed its non-public placement of its fairness securities (the “Personal Placement”), beforehand introduced on January 31, 2025. The Firm exercised its proper to extend the dimensions of the Personal Placement by as much as 25%. The Personal Placement was for gross proceeds of US$6,609,500 and consisted of the sale of two,503,601 subordinate voting shares of the Firm (“Shares”) and warrants (the “Warrants”) exercisable for as much as 1,251,805 Shares of the Firm, at a mixed buy value of US$2.64. Every Warrant has a per Share train value of US$3.66 and an train interval of three years from the issuance date.

The online proceeds of the Personal Placement will likely be utilized by the Firm primarily for acquisitions associated to infrastructure enlargement and for basic working capital functions.

The securities issued underneath the Providing are topic to customary resale restrictions in america with no resale restrictions in Canada. No securities have been supplied or bought to Canadian residents in reference to the Personal Placement.

This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase nor shall there be any sale of the securities in any jurisdiction during which such supply, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. This information launch shall not represent a proposal of securities on the market in america. The securities being supplied haven’t been registered underneath america Securities Act of 1933, as amended, and such securities will not be supplied or bought inside america absent registration underneath U.S. federal and state securities legal guidelines or an relevant exemption from such U.S. registration necessities.

About Digihost

Digihost is an progressive power infrastructure firm that develops cutting-edge information facilities to drive the enlargement of sustainable power belongings.

For additional info, please contact:

Michel Amar, Chief Govt Officer
Digihost Know-how Inc.
http://www.digihostpower.com
Digihost Investor Relations
T: 888-474-9222
E-mail: IR@digihostpower.com

Cautionary Assertion

Buying and selling within the securities of the Firm ought to be thought-about extremely speculative. No inventory alternate, securities fee or different regulatory authority has permitted or disapproved the data contained herein. Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

Ahead-Wanting Statements

Apart from the statements of historic truth, this information launch incorporates “forward-looking info” and “forward-looking statements” (collectively, “forward-looking info”) which can be primarily based on expectations, estimates and projections as on the date of this information launch and are coated by protected harbors underneath Canadian and United States securities legal guidelines. Ahead-looking info on this information launch contains details about the Personal Placement, together with closing of the Personal Placement and approval of the TSX Enterprise thereof and the usage of web proceeds from the Personal Placement, potential additional enhancements to profitability and effectivity throughout mining operations, together with, because of the Firm’s enlargement efforts, potential for the Firm’s long-term development, and the enterprise targets and aims of the Firm. Elements that would trigger precise outcomes to vary materially from these described in such forward-looking info embrace, however are usually not restricted to: the failure to fulfill the circumstances to closing of the Personal Placement; future capital wants and uncertainty of further financing; share dilution ensuing from fairness issuances; dangers referring to the technique of sustaining and rising Bitcoin holdings and the affect of depreciating Bitcoin costs on working capital; results on Bitcoin costs because of the latest Bitcoin halving; growth of further amenities and set up of infrastructure to develop operations will not be accomplished on the timelines anticipated by the Firm, or in any respect; capability to entry further energy from the native energy grid; a lower in cryptocurrency pricing, quantity of transaction exercise or usually, the profitability of cryptocurrency mining; additional enhancements to profitability and effectivity will not be realized; growth of further amenities to develop operations will not be accomplished on the timelines anticipated by the Firm; capability to entry further energy from the native energy grid; a rise in pure fuel costs could negatively have an effect on the profitability of the Firm’s energy plant; the digital forex market; the Firm’s capability to efficiently mine digital forex on the cloud; the Firm could not be capable of profitably liquidate its present digital forex stock, or in any respect; a decline in digital forex costs could have a big detrimental affect on the Firm’s operations; the volatility of digital forex costs; and different associated dangers as extra totally set out within the Annual Info Type of the Firm and different paperwork disclosed underneath the Firm’s filings at http://www.sedarplus.ca and http://www.SEC.gov/EDGAR. The forward-looking info on this information launch displays the present expectations, assumptions and/or beliefs of the Firm primarily based on info at present obtainable to the Firm. Though the Firm believes that the assumptions inherent within the forward-looking info are affordable, forward-looking info shouldn’t be a assure of future efficiency and accordingly undue reliance shouldn’t be placed on such info as a result of inherent uncertainties therein. The Firm undertakes no obligation to revise or replace any forward-looking info aside from as required by regulation.