Digihost Announces Participation in Aspen Climate Conference
May 10 2022 - 6:00AM
Digihost Technology Inc. (“
Digihost” or the
“
Company”) (Nasdaq: DGHI; TSXV: DGHI), an
innovative U.S. based Bitcoin mining company, is pleased to
announce that it is a title partner at this year’s annual Aspen
Ideas: Climate Conference taking place from May 9th to May 12th in
Miami, Florida.
Founded in 1949, the Aspen Institute is a global
nonprofit organization that drives change through dialogue,
leadership, and action to help solve challenges facing the United
States and the world. The Aspen Ideas: Climate Conference is
hosting many of the world’s leading thinkers, policy makers,
scientists, business and tech leaders, and conservationists whose
actions are critical to addressing our collective future around the
realities of a changing climate.
As a proponent of clean energy, Digihost’s
principles, and the principles of this Conference align directly.
The Company’s core beliefs are centered around the leveraging of
technology, innovation, and teamwork through collaboration with
like minded corporate partners to help reduce Digihost’s carbon
footprint.
“We are pleased to join companies such as
Amazon.com, Inc., Wells Fargo & Company, and McKinsey &
Company as title partners in this year’s Aspen Climate Conference,”
said Michel Amar, Chairman and CEO of Digihost. “Sharing ideas and
coming together for the common good of climate change is in the
best interest of all participants, and we hope to take all the
innovative steps gained in this conference to lead in green energy
sourcing and assist in impacting environmental change both locally
and worldwide.”
Additional information
Conference schedule of events and featured
speakers
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef0d1373-7fb9-4f41-8b46-67274c70bbb6
About Digihost
Digihost 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 450 PH/s.
All hosting fees and joint venture profit
sharing are treated as operating expenses in the Company’s
consolidated financial statements.
For further information, please contact:
Digihost Technology
Inc.www.digihost.caMichel Amar, Chief Executive
Officer T: 1-818-280-9758Email: michel@digihost.ca
Cautionary StatementTrading 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 StatementsExcept for the
statements of historical fact, this news release contains
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking information”) that are based on
expectations, estimates and projections as at the date of this news
release and are covered by safe harbors under Canadian and United
States securities laws. Forward-looking information in this news
release includes information about adopting green energy solutions
and, generally, potential further improvements to profitability and
efficiency across mining operations including, as a result of the
Company’s expansion efforts, acquisitions of equipment and
infrastructure, potential for the Company’s long-term growth, and
the business goals and objectives of the Company. Factors that
could cause actual results to differ materially from those
described in such forward-looking information include, but are not
limited to: the ability to implement green energy solutions on a
basis which is economic or at all; the ability to obtain regulatory
approval for and complete acquisitions of equipment and
infrastructure on the terms as announced or at all; the ability to
successfully integrate the acquisitions of equipment and
infrastructure on an economic basis or at all; future capital needs
and uncertainty of additional financing, including the Company’s
ability to utilize the Company’s at-the-market offering program
(the “ATM Program”) and the prices at which the Company may sell
securities in the ATM Program, as well as capital market conditions
in general; share dilution resulting from the ATM Program and from
other equity issuances; risks relating to the strategy of
maintaining and increasing Bitcoin holdings and the impact of
depreciating Bitcoin prices on working capital; regulatory and
other unanticipated issues that prohibit us from declaring or
paying dividends to our shareholders that are payable in Bitcoin;
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;
approval of the Public Service Commission or other regulatory or
board approvals being received on a timely basis, or at all; the
acquisition of North Tonawanda, New York facilities closing on
timely basis, or at all; ability to access additional power from
the local power grid; 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;
the ability to maintain reliable and economical sources of power to
run its cryptocurrency mining assets; the negative impact of
regulatory changes in the energy regimes in the jurisdictions in
which the Company operates; the ability to adhere to Digihost’s
dividend policy and the timing and quantum of dividends based on,
among other things, the Company’s operating results, cash flow and
financial condition, Digihost’s current and anticipated capital
requirements, and general business conditions; 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 uncertainties therein.
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