Digihost Announces Filing of Form 40-F With the SEC, Fulfilling Significant Milestone for Nasdaq Listing

TORONTO, June 22, 2021 (GLOBE NEWSWIRE) — Digihost Know-how Inc. (“Digihost” or the “Firm”) (TSXV: DGHI; OTCQB: HSSHF) is happy to announce that it has filed a registration assertion on Type 40-F (“Type 40-F”) with the U.S. Securities and Trade Fee (the “SEC”), fulfilling a major milestone within the course of for the Firm to checklist its shares on the Nasdaq Inventory Trade (“Nasdaq”). A duplicate of the Type 40-F is accessible on EDGAR.

The itemizing of the Firm’s shares on Nasdaq stays topic to the approval of Nasdaq and the satisfaction of all relevant itemizing and regulatory necessities, together with the effectiveness of the Type 40-F by the SEC, and, as such, there could be no assurances that Digihost’s shares can be listed on Nasdaq. Digihost will retain its itemizing on the TSX Enterprise Trade beneath the image “DGHI”.

Inventory Choice Grant

The Firm additionally pronounces that it has granted to the administrators, officers, workers and consultants of the Firm an combination of 780,000 incentive inventory choices (the “Inventory Choices”) to buy frequent shares beneath the Firm’s incentive inventory choice plan (the “Plan”). Every Inventory Choice is exercisable into a typical share of the Firm at a value of $1.40 for a interval of 5 years from the date of grant. The Inventory Choices will totally vest on the six-month anniversary of the date of grant and be topic to the phrases and circumstances of the Plan and the insurance policies of the TSX Enterprise Trade.

About Digihost Know-how Inc.

Digihost is a growth-oriented blockchain expertise firm primarily targeted on Bitcoin mining. The Firm’s mining services are situated in Upstate New York and are geared up with 78.7 MW of low-cost energy with the choice to broaden to 102MW. The Firm is at present hashing at a price of 205PH with capability to broaden to a price of 3EH upon the completion of its beforehand introduced acquisition of a 60MW energy plant.

For additional data, please contact:

Digihost Know-how Inc.
Michel Amar, Chief Govt Officer
T: 1-818-280-9758

Cautionary Assertion 
Buying and selling within the securities of the Firm needs to be thought of extremely speculative. No inventory alternate, securities fee or different regulatory authority has accepted or disapproved the knowledge contained herein. Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Ahead-Wanting Statements 
Apart from the statements of historic truth, this information launch comprises “forward-looking data” and “forward-looking statements” (collectively, “forward-looking data”) that’s primarily based on expectations, estimates and projections as on the date of this information launch. Ahead-looking data on this information launch consists of details about itemizing on the Nasdaq, effectiveness of the Firm’s Type 40-F, hashrate enlargement, diversification of operations, potential additional enhancements to profitability and effectivity throughout mining operations, potential for the Firm’s long-term development, and the enterprise targets and targets of the Firm. Elements that might trigger precise outcomes, efficiency or achievements to vary materially from these described in such forward-looking data embrace, however should not restricted to: dangers referring to the Nasdaq itemizing course of, dangers referring to the effectiveness of the Firm’s Type 40-F, continued results of the COVID19 pandemic could have a fabric hostile impact on the Firm’s efficiency as provide chains are disrupted and forestall the Firm from working its belongings; a lower in cryptocurrency pricing, quantity of transaction exercise or usually, the profitability of cryptocurrency mining; additional enhancements to profitability and effectivity might not be realized; the digital forex market; the Firm’s capability to efficiently mine digital forex on the cloud; the Firm could not be capable of profitably liquidate its present digital forex stock, or in any respect; a decline in digital forex costs could have a major unfavourable influence on the Firm’s operations; the volatility of digital forex costs; and different associated dangers as extra totally set out within the Annual Data Type of the Firm and different paperwork disclosed beneath the Firm’s filings at The forward-looking data on this information launch displays the present expectations, assumptions and/or beliefs of the Firm primarily based on data at present accessible to the Firm. In reference to the forward-looking data contained on this information launch, the Firm has made assumptions about: the present profitability in mining cryptocurrency (together with pricing and quantity of present transaction exercise); worthwhile use of the Firm’s belongings going ahead; the Firm’s capability to profitably liquidate its digital forex stock as required; historic costs of digital currencies and the flexibility of the Firm to mine digital currencies on the cloud can be in keeping with historic costs; and there can be no regulation or legislation that may stop the Firm from working its enterprise. The Firm has additionally assumed that no important occasions happen exterior of the Firm’s regular course of enterprise. Though the Firm believes that the assumptions inherent within the forward-looking data are affordable, forward-looking data just isn’t a assure of future efficiency and accordingly undue reliance shouldn’t be placed on such data as a result of inherent uncertainty therein.

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