10:24 AM EST, 01/31/2025 (MT Newswires) -- Digihost Technology ( DGHI ) said Friday it agreed to a private placement of equity securities for gross proceeds of about $5.4 million, consisting of 2 million subordinate voting shares and warrants to buy roughly 1 million shares.

The subordinate voting shares and warrants have a combined purchase price of $2.64 and each warrant can be exercised for three years from issue for $3.66 per share, according to the company.

Digihost ( DGHI ) said it holds the right to accept additional subscriptions to expand the private placement by up to 25% and expects to complete it on or about Feb. 5.

Net proceeds will be used for acquisitions related to infrastructure expansion and general working capital, the company added.

Shares of Digihost ( DGHI ) were down more than 11% in recent trading.

Price: 3.25, Change: -0.41, Percent Change: -11.20