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Digihost Technology Inc

For the period ended Dec 31, 2023. Filed Sep 16, 2024.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2023 · Filed Sep 16, 2024

DGXX$2.09+9.7%Stored close · as of Nov 6, 2026
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**UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

****WASHINGTON, D.C. 20549

FORM 20-F

(Mark One)

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31,2023

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report

For the transition period from ___________________ to _________________________

Commission file number:001-40527

DIGIHOST TECHNOLOGY INC.**

**(Exact name of Registrant as specified in its charter)

Canada

(Jurisdiction of incorporation or organization)

110 Yonge Street

Suite 1601

Toronto, Ontario M5C 1T4

Canada

(Address of principal executive offices)

Michel Amar, CEO

(818) 280-9758

michel@digihostblockchain.com

110 Yonge Street

Suite 1601

Toronto, Ontario M5C 1T4

Canada

(Name, Telephone, E-mail and/or Facsimile Number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Subordinate Voting SharesDGHINasdaq Stock Market LLC (Nasdaq Capital Market)

Securities registered or to be registered pursuant to Section 12(g) of the Act: None.

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None.

The number of subordinate voting shares outstanding as of December 31, 2023 was 28,878,740.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

☐ Yes☒ No

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐Non-accelerated filer ☒Emerging Growth Company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☒

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b)☒

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S GAAP ☐International Financial Reporting Standards as issued by the International Accounting Standards Board ☒Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐ Item 17☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐ Yes No☒

DIGIHOST TECHNOLOGY INC.

FORM 20-F ANNUAL REPORT

TABLE OF CONTENTS

Page
Introductionii
PART I
ITEM 1.Identity of Directors, Senior Management and Advisers1
ITEM 2.Offer Statistics and Expected Timetable1
ITEM 3.Key Information1
ITEM 4.Information on the Corporation13
ITEM 4A.Unresolved Staff Comments21
ITEM 5.Operating and Financial Review and Prospects21
ITEM 6.Directors, Senior Management and Employees31
ITEM 7.Major Shareholders and Related Party Transactions50
ITEM 8.Financial Information52
ITEM 9.The Offer and Listing53
ITEM 10.Additional Information53
ITEM 11.Quantitative and Qualitative Disclosures About Market Risk61
ITEM 12.Description of Securities Other Than Equity Securities61
PART II
ITEM 13.Defaults, Dividend Arrearages and Delinquencies62
ITEM 14.Material Modifications to the Rights of Security Holders and Use of Proceeds62
ITEM 15.Controls and Procedures63
ITEM 16.Reserved64
ITEM 16A.Audit Committee Financial Expert64
ITEM 16B.Code of Ethics64
ITEM 16C.Principal Accountant Fees and Services64
ITEM 16D.Exemptions from the Listing Standards for Audit Committees65
ITEM 16E.Purchases of Equity Securities by the Issuer and Affiliated Purchasers65
ITEM 16F.Change in Registrant’s Certifying Accountant65
ITEM 16G.Corporate Governance65
ITEM 16H.Mine Safety Disclosure66
ITEM 16I.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections66
ITEM 16J.Insider Trading Policies66
ITEM 16K.Cybersecurity66
PART III
ITEM 17.Financial Statements68
ITEM 18.Financial Statements68
ITEM 19.Exhibits68

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ContentsView on SEC.gov

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