Digihost Announces Filing of Form 40-F With the SEC, Fulfilling Significant Milestone for Nasdaq Listing
June 22 2021 - 06:30AM
Digihost Technology Inc. (“
Digihost” or the
“
Company”) (TSXV: DGHI; OTCQB: HSSHF) is pleased
to announce that it has filed a registration statement on Form 40-F
(“
Form 40-F”) with the U.S. Securities and
Exchange Commission (the “
SEC”), fulfilling a
significant milestone in the process for the Company to list its
shares on the Nasdaq Stock Exchange (“
Nasdaq”). A
copy of the Form 40-F is available on EDGAR.
The listing of the Company’s shares on Nasdaq
remains subject to the approval of Nasdaq and the satisfaction of
all applicable listing and regulatory requirements, including the
effectiveness of the Form 40-F by the SEC, and, as such, there can
be no assurances that Digihost’s shares will be listed on Nasdaq.
Digihost will retain its listing on the TSX Venture Exchange under
the symbol “DGHI”.
Stock Option Grant
The Company also announces that it has granted
to the directors, officers, employees and consultants of the
Company an aggregate of 780,000 incentive stock options (the
“Stock Options”) to purchase common shares under
the Company’s incentive stock option plan (the
“Plan”). Each Stock Option is exercisable into a
common share of the Company at a price of $1.40 for a period of
five years from the date of grant. The Stock Options will fully
vest on the six-month anniversary of the date of grant and be
subject to the terms and conditions of the Plan and the policies of
the TSX Venture Exchange.
About Digihost Technology
Inc.
Digihost 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 205PH with
ability to expand to a rate of 3EH upon the completion of its
previously announced acquisition of a 60MW power plant.
For further information, please contact:
Digihost Technology
Inc.www.digihost.caMichel Amar, Chief Executive
Officer T: 1-818-280-9758Email: 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” and
“forward-looking statements” (collectively, “forward-looking
information”) 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 listing
on the Nasdaq, effectiveness of the Company’s Form 40-F, hashrate
expansion, diversification of operations, potential further
improvements to profitability and efficiency across mining
operations, potential for the Company’s long-term growth, and the
business goals and objectives of the Company. Factors that could
cause actual results, performance or achievements to differ
materially from those described in such forward-looking information
include, but are not limited to: risks relating to the Nasdaq
listing process, risks relating to the effectiveness of the
Company’s Form 40-F, 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.
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