Digihost Is the First Publicly Traded Miner to Pay Dividends in Bitcoin

Depricated as of Oct 2022

Some CRYPKYP functionalities are depricated as of October 2022 and will no longer be populated until further development and future version.
Although all here is visible and interactable you can not Contribute to those articles.
Try looking at other information on the Platform and Contributing there!

Have a great day,

Digihost Is the First Publicly Traded Miner to Pay Dividends in Bitcoin

Digihost Is the First Publicly Traded Miner to Pay Dividends in Bitcoin
Source: CoinDesk
1649148677 05 Apr / 08:51

Starting in the third quarter of this year, Digihost (DGHI) became the first publicly traded crypto miner to offer shareholders the option of receiving dividend payments in bitcoin (BTC).

During the third quarter of 2022, the company will pay out its first dividend, which will be 10% of net income. The miner said in a statement on Monday that shareholders will have the choice of receiving payment in bitcoin or cash.

The remaining net income of Digihost will be re-invested to meet future company needs and possibilities. In a statement, CEO and chairman Michel Amar said, "The Board of Directors of Digihost is thrilled to announce our intention to become the first public company in the crypto mining field to implement a dividend policy payable in BTC to its shareholders."

The decision comes as publicly traded miners seek to diversify their business models in order to increase shareholder value beyond simply storing bitcoins on their balance sheets.

The business predicts an average hashrate of 1.5 exahash per second (EH/s) in 2022, which is a 5.5-fold increase over the average hashrate in 2021. The miner currently has a hashrate of 1 EH/s and mines 4.25 bitcoins every day.

The miner also said that it mined 186.8 bitcoin in the first quarter, up 78 percent over the same period the previous year.

Digihost shares were up over 5% in early trade at the time of writing. Its stock has dropped nearly 27% this year, while bitcoin has dropped 3.6 percent.

Last News and Media
CRYPKYP contain links to third-party websites, resources, and advertisers. CRYPKYP does not control, sponsor, recommend or otherwise accept responsibility for any third-party content because we are not responsible for the availability of these outside resources or their contents or privacy practices. It will help if you direct any concerns regarding any third-party content to such a third party. We don't accept responsibility for the content of external websites linked to through the Site or the Services. Third-party content is accessed at the user's own risk. CRYPKYP distributes content from third-party publishers as indicated on the site from time to time mainly in Airdrops, News / Media, Whale Alerts, and Rumors. In these circumstances, CRYPKYP only provides limited stylistic input to the content. CRYPKYP does not verify and takes no responsibility for the accuracy of the content provided by any such third-party publishers.