TechFlow reported on August 16 that, according to Globenewswire, Bitcoin mining company Digihost announced the completion of a $4 million private placement, selling 3,636,363 shares of company stock at a price of $1.10 per unit. The proceeds will be primarily used for acquisitions related to infrastructure expansion and general working capital. Each unit consists of one ordinary voting share and one warrant to purchase an additional share at an exercise price of $2.00 per share, exercisable over three years. The securities issued in this offering are restricted from circulation in the United States but face no such restrictions in Canada.
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