Shareholders will also be able to choose to pay out in fiat money as an alternative
Mining company Digihost will begin paying dividends to its shareholders in bitcoin for the first time. At the same time, shareholders will be able to choose between bitcoin and more familiar fiat money, the miner reports on his website .
According to CEO Michel Amar, the amount of dividends will be set by Digihost Board of Directors depending on market conditions. It is expected that at the first payment dividends will be 10% of net income.
The company also shared unaudited monthly and quarterly Bitcoin mining data. According to Amar, Digihost has continued to roll out the 10,600 M30S and M30S+ miners they purchased last year.
“With over half of these miners currently running, we have doubled our hash rate from 415 PH/s at the end of 2021 to around 1 EH/s today, which at current network difficulty equates to about 4.25 bitcoin per day mined at forecast of more than 120 coins per month,” Amar said.
During March, Digihost mined 75.24 bitcoin, which increased the company’s total crypto assets to 797.47 bitcoins, worth about $36.4 million as of April 4, 2022. As of April 5, the price of bitcoin is $46.7 thousand, according to CoinGecko.
About Digihost Technology Inc.
Digihost is a growth-oriented blockchain technology company primarily focused on Bitcoin mining. Through its self-mining operations and joint venture agreements, the Company is currently hashing at a rate of approximately 500PH.
Digihost is a Bitcoin mining-focused Blockchain Technology Company situated in the United States. Our long-term growth goal is to continually pursue opportunities to raise mining hash rate, lower energy costs through favorable contracts and vertical integration, and increase the Company’s inventory of Bitcoin mined and held.
Digihost is ideally positioned to sustain robust Bitcoin mining operations while also pursuing its strategy to expand its company operations and achieve its objective of being one of North America’s fastest growing Bitcoin mining firms.
