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HashChain Technology Inc. Announces Proposed Reverse Takeover Transaction with Digihost International, Inc.
(via TheNewswire) Vancouver, BC / TheNewswire / March 28, 2019 -HashChain Tech...
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[{"type":"text","content":"HashChain Technology Inc. Announces Proposed Reverse Takeover Transaction with Digihost International, Inc.(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / March 28, 2019 -HashChain Technology Inc. (\"HashChain\" or the \"Company\") (TSXV: KASH; OTCQB: HSSHF) is pleased to announce that it has entered into an agreement dated March 28, 2019 (the \"Definitive Agreement\") with shareholders of Digihost International, Inc. (\"Digihost\") whereby the business and assets of HashChain and Digihost will be combined by way of a share exchange between HashChain and shareholders of Digihost, constituting a \"reverse-takeover\" of HashChain by Digihost under the policies of the TSX Venture Exchange (the \"Proposed Transaction\"). Upon completion of the Proposed Transaction, the issuer resulting from the Proposed Transaction (the \"Resulting Issuer\") will carry on the business previously carried on by HashChain. It is anticipated that upon completion of the Proposed Transaction, the Resulting Issuer will be listed as Tier 2 Technology Issuer under the policies of the TSX Venture Exchange (the \"TSXV\" or the \"Exchange\"). \n\n\n \nGeneral Information About HashChain and Digihost\n\n\n \nDigihost is a private company focused on providing cryptocurrency hosting services to cryptocurrency miners. Digihost has its registered office in Wilmington, Delaware and was incorporated under the laws of the State of Delaware on October 9, 2018. Since incorporation, Digihost has entered into agreements to purchase equipment for the purposes of providing cryptocurrency hosting services. Concurrent with the closing of the Proposed Transaction, it is anticipated Digihost will complete acquisitions pursuant to asset purchase and assignment agreements with Bit.Management LLC (\"Bit.Management\"), Bit Mining International LLC and NYAM LLC, to acquire hosting infrastructure and equipment, assume a lease agreement for two warehouses used for cryptocurrency mining operations located in Buffalo, NY, and assume a power contract for the supply of electricity for cryptocurrency operations at the Buffalo warehouses. \n\n\n \nHashChain was incorporated on February 18, 2017 under the laws of the Province of British Columbia, and its registered office is located in Vancouver, British Columbia. HashChain's principal business is cryptocurrency mining. During the Comp...