Share this article
Bitcoin Miner Digihost Aims to Triple Capitalization With $250M Share Offering
Shares are down 13% on news of the offering and drop in bitcoin's price.
By Aoyon Ashraf
Updated May 11, 2023, 7:14 p.m. Published Mar 4, 2022, 4:16 p.m.
Digihost (DGHI), a relatively small publicly traded bitcoin miner looking to fund ambitious growth plans, announced Friday an “at-the-market” share offering for up to $250 million.
- The company’s market cap was less than $100 million as of Thursday’s close, making a capital raise of $250 million – even over a period of time – a sizable amount. Proceeds will mostly be used to fund growth and development of existing mining operations.
- The sale of subordinate voting shares will be underwritten by H.C. Wainwright & Co.
- Digihost, which is based in Buffalo, N.Y., earlier this week announced a fully drawn $10 million credit facility, with a one-year term and 7.5% interest rate.
- Shares were down 13% on Friday on news of the share offering and as bitcoin's fell 5% to $40,500.
- Digihost mined 62.58 bitcoins in January with a hashing rate of about 415 petahash per second. It said at the time it planned to expand its mining power to 3.6 exahash per second (EH/s) by year end, implying a more than 700% increase from the January hashrate.
- In comparison, Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, said its current hashrate is about 3.8 EH/s, with plans to expand to 23.3 EH/s by early 2023.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
