BUZZ-Digihost Tech falls after raising about $5 mln private placement

Shares of bitcoin miner Digihost Technology DGHI.V fall 8.2% to $3.36

DGHI says it is raising up to $5.35 million in a private placement

The placement includes ~2 mln shares and warrants for up to ~1 mln shares at a combined purchase price of $2.64

Combined purchase price is at a 27.8% discount to the stock's last close

DGHI says it may accept additional subscriptions to increase the private placement size by up to 25%

Each warrant has an exercise price of $3.66 and can be exercised within three years from the issuance date - DGHI

Proceeds from this financing will be used for infrastructure expansion acquisitions and general working capital purposes - DGHI

DGHI fell ~35% in 2024