TORONTO, Oct. 26, 2021 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF), an innovative North American-based Bitcoin self-mining company, announces that the Company will effect the consolidation of its outstanding subordinate voting shares and proportionate voting shares (collectively, the “Shares”), as previously announced on October 5, 2021, on the basis of three (3) pre-consolidation Shares for every one (1) post-consolidation Share (the “Consolidation”). Any fraction of a Share will be rounded down to the nearest whole number. The Shares will begin trading on the TSX Venture Exchange (“TSXV”) on a consolidated basis and with a new CUSIP number on October 28, 2021.
As a result of the Consolidation, the outstanding Shares of the Company will be reduced to approximately 25,029,610 Shares.
The Company has effected the Consolidation to facilitate a proposed listing of its subordinate voting shares on the Nasdaq Capital Market (“Nasdaq”) and satisfy the minimum share price requirement set by Nasdaq. The Company is pursuing a Nasdaq listing to enhance its investor profile and increase liquidity for its shareholders. The listing of the Company on Nasdaq remains subject to the approval of Nasdaq and the satisfaction of all applicable listing and regulatory requirements. As a result, there can be no assurances that Digihost’s shares will be listed on Nasdaq. Digihost expects to retain its listing on the TSX Venture Exchange under the symbol “DGHI” and, until Digihost shares are listed on Nasdaq, on the OTCQB under the ticker symbol “HSSHF”.
The Company will not be changing its name or trading symbol in connection with the Consolidation.
Trading on a Consolidated Basis: October 28, 2021
New CUSIP: 25381D206
New ISIN: CA25381D2068
About Digihost Technology Inc.
Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining. The Company is currently hashing at a rate of 285PH with plans to expand to a hashrate of 3.6 EH by the end of 2022.
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Trading 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.