- Digihost (DGHI) has arranged a US$10M revolving credit facility with Securitize Inc.
- The company is using Bitcoin as collateral and will pay interest at 7.5 per cent per year
- It plans to use the proceeds to optimize its capital structure and facilitate the growth of its Bitcoin inventory
- Digihost is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
- Digihost (DGHI) is up by 1.7 per cent trading at $4.78 per share
Digihost (DGHI) has arranged a US$10M revolving credit facility with Securitize Inc.
The facility, collateralized with Bitcoin, has a one-year term with interest set at 7.5 per cent per year.
The company will use non-dilutive liquidity to pursue its aggressive growth strategy. This includes funding operating and capital costs allowing it to add to its Bitcoin inventory.
It may also optimize its capital structure for greater working capital flexibility.
Digihost is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.
Digihost (DGHI) is up by 1.7 per cent trading at $4.78 per share as of 12:56 pm EST.