Digihost Announces Grant of Stock Options
TORONTO, March 26, 2021 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF) announces that it has granted to the directors, officers, employees and consultants of the Company an aggregate of 1,600,000 incentive stock options (the “Stock Options”) to purchase common shares under the Company’s incentive stock option plan.
Each Stock Option is exercisable into a common share of the Company at a price of $2.49 for a period of five years from the date of grant.
The Stock Options will vest fully on the six-month anniversary of the date of grant and be subject to the terms and conditions of the Plan and the policies of the TSX Venture Exchange.
About Digihost Technology Inc.
Digihost Technology Inc. is a growth-oriented blockchain company primarily focused on Bitcoin mining. The Company’s mining facility is located in Buffalo, N.Y., and is equipped with an 18.7MVA 115,000-kilovolt-ampere outdoor substation with an option to increase the power output to 42MVA.
The Company is currently mining approximately 1.2 Bitcoins per day, subject to difficulty. Digihost’s strategy is to focus on continually increasing its hashrate with a concurrent reduction in energy costs.