Bitcoin mining company Digihost reaches $5.35 million private placement financing agreement

Nasdaq-listed Bitcoin mining company Digihost has announced that it has reached a $5.35 million private placement financing agreement with some investors (specific information about the investors has not yet been disclosed). The private placement sale requires approval from all necessary company and regulatory authorities and is expected to be completed around February 5, 2025. Digihost went public on Nasdaq in 2021 and produced 35 BTC through mining in December last year. As of December 31, 2024, the company held cash, BTC, and cash deposits worth approximately $10 million.