Toronto, March 2, 2022 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“”Digihost” or “society(Nasdaq: DGHI; TSXV: DGHI) is an innovative US-based Bitcoin self-mining company, Securitize, Inc. ((Loan facility“). The Loan Facility provides Digihost with significant non-dilutable liquidity options to help finance aggressive growth strategies. The loan facility has a one-year contract period and an annual interest rate of 7.5%, which is wholly owned by the Company.
Revenues from loan facilities secured by our growing Bitcoin inventory are used to fund both operating and capital costs, thereby making Digihost an important element of our value creation strategy. You can continue to add to your Bitcoin inventory. The loan facility, combined with the alternative equity issuance options available to us, allows Digihost to continue to optimize its capital structure design, improve profitability and increase working capital flexibility.
Digihost Technology Inc.about
Digihost is a growth-oriented blockchain technology company focused primarily on Bitcoin mining. Through a joint venture with the self-mining business, we are currently hashing at a rate of approximately 415 PH.
For more information, please contact:
Digihost Technology Inc.
Michelle Amar, Chief Executive Officer
Trading our securities should be considered highly speculative. The Stock Exchange, Securities and Exchange Surveillance Commission, or other regulatory agencies have not endorsed or dismissed the information contained herein. Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this news release.
Description of future prospects
This news release contains “forward-looking information” and “forward-looking statements” based on expectations, estimates, and forecasts as of this date, except for statements of past facts (collectively, “future”. Information about the outlook “) is included. It is a news release and is subject to safe harbors under US and Canadian securities laws. Information on the future outlook for this news release includes revolving credit lines and the benefits of this and other debt lending initiatives, hash rate and infrastructure expansion, business diversification, and further profitability and efficiency of the entire mining business. Potential for improvement, long-term growth of the company, and business goals and objectives of the company. Factors that may cause actual results, performance, or performance to differ materially from those described in such forward-looking information include, but are not limited to: The continued impact of the COVID 19 pandemic can have a significant negative impact on a company’s performance as it disrupts the supply chain and prevents the company from managing its assets. Ability to establish new facilities for cryptocurrency mining purposes; Receiving public service committee approval or other regulation or board approval. Ability to establish new facilities for research and development purposes. Cryptocurrency pricing, amount of transaction activity, or generally reduced profitability of cryptocurrency mining. Delivery of mining rigs for self-mining and hosting may not be achieved in the expected number, at all, or on the expected schedule, and the resulting hash power may be significantly different than expected. Further improvements in profitability and efficiency may not be realized. Digital currency market. The ability of a company to successfully mine digital currencies on the cloud. We may not be able to liquidate our current digital currency inventory in our favor. Falling digital currency prices can have a significant negative impact on our business. Cryptocurrency price volatility. And other related risks are described in detail in our annual information form and other documents disclosed in our filings (www.sedar.com). The information regarding the future outlook for this news release reflects our current expectations, assumptions, and / or beliefs based on the information currently available to us. In connection with the forward-looking information contained in this news release, we make the following assumptions: Current profitability in cryptocurrency mining, including pricing and current trading activity volume. Beneficial use of our assets in the future. The company’s ability to liquidate digital currency inventories in an advantageous manner as needed. Past prices of digital currencies and our ability to mine digital currencies in the cloud match past prices. In addition, there are no regulations or laws that impede our business operations. We also assume that no significant events will occur outside of our normal operations. We believe that the assumptions inherent in forward-looking information are reasonable, but forward-looking information does not guarantee future performance and therefore the uncertainties inherent in such information. You should not put excessive trust on your sexuality. We are obliged to update or revise future outlook information as a result of new information, changes in circumstances, future events, or other reasons, except as expressly required by applicable securities law. Shall not bear.
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Digihost Arranges US $ 10,000,000 Credit Facility, Canadian Business Journal
Source link Digihost Arranges US $ 10,000,000 Credit Facility, Canadian Business Journal