Digihost Tech falls after raising about $5 mln private placement

Digi Power X

31/01/2025 14:53

** Shares of bitcoin miner Digihost Technology  DGHI.V  fall
8.2% to $3.36
    ** DGHI says it is raising up to $5.35 million in a private
placement
    ** The placement includes ~2 mln shares and warrants for up
to ~1 mln shares at a combined purchase price of $2.64
    ** Combined purchase price is at a 27.8% discount to the
stock's last close
    ** DGHI says it may accept additional subscriptions to
increase the private placement size by up to 25%
    ** Each warrant has an exercise price of $3.66 and can be
exercised within three years from the issuance date - DGHI
    ** Proceeds from this financing will be used for
infrastructure expansion acquisitions and general working
capital purposes - DGHI
    ** DGHI fell ~35% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))