Digihost to Commence Trading on Nasdaq on Monday, November 15
November 12 2021 - 7:00AM
Digihost Technology Inc. (“
Digihost” or the
“
Company”) (TSXV: DGHI; OTCQB: HSSHD), an
innovative North American-based Bitcoin self-mining company, today
announced that the Company has been approved to list on the Nasdaq
Capital Market (“
Nasdaq”), and that trading on
Nasdaq is expected to begin on Monday, November 15, 2021, under the
symbol “DGHI.” The ticker used for Digihost’s shares traded
over-the-counter (OTC) under the current symbol “HSSHD” will
seamlessly transition to the new ticker symbol “DGHI” on the first
day of trading on Nasdaq. Digihost will also retain its listing on
the TSX Venture Exchange under the symbol “DGHI.”
The Company expects the Nasdaq listing to
enhance its investor profile and increase liquidity for its
shareholders.
“A key goal of Digihost has been to provide our
investors with greater liquidity through the listing of our shares
on a major United States stock exchange. We believe that uplisting
the Company’s shares from the OTC market to Nasdaq will also
provide the Company with increased access to capital and
institutional recognition. We are excited about this significant
milestone for the Company and our shareholders and look forward to
continuing to implement our growth strategy and building value for
our shareholders,” commented Michel Amar, the Company’s CEO.
H.C. Wainwright & Co. served as advisor to
Digihost in connection with the Nasdaq listing, and Katten Muchin
Rosenman LLP represented the Company as U.S. legal counsel in
connection with the Nasdaq listing. Peterson McVicar LLP serves as
Canadian counsel to the Company.
About Digihost Technology
Inc.
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 400PH with plans to
expand to a hashrate of 3.6 EH by the end of 2022.
For further information, please contact:
Digihost Technology
Inc.www.digihost.caMichel Amar, Chief Executive Officer T:
1-818-280-9758Email: michel@digihostblockchain.com
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. Forward-looking
information in this news release includes expectations in respect
to listing and trading on Nasdaq and future plans and objectives of
the Company. Other forward-looking information includes, but is not
limited to, information concerning: 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 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:
trading volume, volatility and other factors affecting liquidity
and prices for the common shares on Nasdaq; continued effects of
the COVID-19 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. 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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