ChainCatcher news, Bitcoin mining company Digihost announced the completion of a $4 million private placement financing, including the sale of 3,636,363 shares of the company at a price of $1.10 per unit. The net proceeds will be used for acquisitions related to infrastructure expansion and general working capital purposes.

ChainCatcher news, Bitcoin mining company Digihost Technology Inc. As of July 31, 2024, the company holds approximately $6.9 million in cash, BTC, and cash deposits, and it produced about 42 BTC in July.

ChainCatcher news, Bitcoin mining company Digihost has completed the acquisition of a natural gas power plant in New York State. Digihost CEO Michel Amar stated that the acquisition will be paid in full in cash to avoid taking on debt or diluting the equity of existing shareholders.Previously, ChainCatcher reported that Digihost announced in March 2021 that it would acquire the power plant for $4.25 million, with the payment to be made in cash and stock. (source link)

ChainCatcher news, North American Bitcoin mining company Digihost has received a notice from Nasdaq, which may delist its stock due to its trading price being below $1. The company has 180 days to regain compliance with Nasdaq listing rules by trading at $1 or above for at least 10 consecutive days.Digihost responded that the company's business operations are not affected by the receipt of the notice, and the company fully intends to address this deficiency and regain compliance with Nasdaq listing rules, stating that it may qualify for an additional 180-day compliance period. (The Block)