Digihost Pronounces Signing of Crypto Local weather Accord


TORONTO, June 24, 2021 (GLOBE NEWSWIRE) — Digihost Expertise Inc. (“Digihost” or the “Firm”) (TSXV: DGHI; OTCQB: HSSHF) is happy to announce that it’s now a signatory to the Crypto Local weather Accord (www.cryptoclimate.org). This private-industry led initiative, modeled on the Paris Local weather Settlement, is a worldwide pledge that aligns with the mission of the Firm’s not too long ago adopted DigiGreen Initiative to: (1) attaining net-zero emissions from electrical energy consumption by 2030; and (2) creating requirements, instruments, and applied sciences to speed up the adoption of, and confirm progress in the direction of, 100% renewably powered-blockchains. With the alignment of the DigiGreen Initiative and the Crypto Local weather Accord, the Firm goals to be an {industry} chief effectively into the longer term, contributing to the event of the instruments and requirements that may govern the manufacturing of blockchain in Canada, the USA, and past.

Michel Amar, the Firm’s CEO, acknowledged: “Having not too long ago launched our DigiGreen Initiative, we’re happy to additionally pledge our assist of the Crypto Local weather Accord as a signatory and lend our technical experience to develop a greener blockchain neighborhood. That is an thrilling growth for the long-term viability of our {industry} and the long-term well being of our planet. Our enterprise mannequin has all the time targeted on development via environmentally and socially accountable blockchain operations, and turning into a signatory to the Crypto Local weather Accord additional solidifies that dedication.”

About Digihost Expertise Inc.

Digihost Expertise Inc. is a growth-oriented blockchain expertise firm primarily targeted on Bitcoin mining. The Firm’s mining services are positioned in Upstate New York, and are geared up with 78.7 MW of low-cost energy with the choice to increase to 102MW. The Firm is at the moment hashing at a fee of 205PH with potential to increase to a fee of 3EH upon the completion of the beforehand introduced acquisition of a 60MW energy plant.

For additional data, please contact:

Digihost Expertise Inc.
www.digihost.ca
Michel Amar, Chief Government Officer
T: 1-818-280-9758
E-mail: michel@digihost.ca

Cautionary Assertion

Buying and selling within the securities of the Firm ought to be thought of extremely speculative. No inventory trade, securities fee or different regulatory authority has permitted or disapproved the knowledge contained herein. Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Ahead-Wanting Statements

Aside from the statements of historic reality, this information launch accommodates “forward-looking data” and “forward-looking statements” (collectively, “forward-looking data”) that’s primarily based on expectations, estimates and projections as on the date of this information launch. Ahead-looking data on this information launch contains details about hashrate enlargement, diversification of operations, potential additional enhancements to profitability and effectivity throughout mining operations, potential for the Firm’s long-term development, and the enterprise targets and targets of the Firm. Components that would trigger precise outcomes, efficiency or achievements to vary materially from these described in such forward-looking data embrace, however are usually not restricted to: continued results of the COVID19 pandemic could have a fabric antagonistic impact on the Firm’s efficiency as provide chains are disrupted and forestall the Firm from working its property; a lower in cryptocurrency pricing, quantity of transaction exercise or usually, the profitability of cryptocurrency mining; additional enhancements to profitability and effectivity will not be realized; the digital foreign money market; the Firm’s skill to efficiently mine digital foreign money on the cloud; the Firm could not be capable to profitably liquidate its present digital foreign money stock, or in any respect; a decline in digital foreign money costs could have a big detrimental affect on the Firm’s operations; the volatility of digital foreign money costs; and different associated dangers as extra absolutely set out within the Annual Data Type of the Firm and different paperwork disclosed underneath the Firm’s filings at www.sedar.com. The forward-looking data on this information launch displays the present expectations, assumptions and/or beliefs of the Firm primarily based on data at the moment out there to the Firm. In reference to the forward-looking data contained on this information launch, the Firm has made assumptions about: the present profitability in mining cryptocurrency (together with pricing and quantity of present transaction exercise); worthwhile use of the Firm’s property going ahead; the Firm’s skill to profitably liquidate its digital foreign money stock as required; historic costs of digital currencies and the flexibility of the Firm to mine digital currencies on the cloud can be per historic costs; and there can be no regulation or legislation that may stop the Firm from working its enterprise. The Firm has additionally assumed that no vital occasions happen outdoors of the Firm’s regular course of enterprise. Though the Firm believes that the assumptions inherent within the forward-looking data are affordable, forward-looking data shouldn’t be a assure of future efficiency and accordingly undue reliance shouldn’t be placed on such data as a result of inherent uncertainty therein.



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