Nasdaq-Listed Digihost to Offer Dividend Payments in Bitcoin
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Offering Bitcoin Dividend Payments
In a recently released statement, US-based Bitcoin mining firm, Digihost Technology Inc has announced on becoming the first publicly-traded company in America to offer dividends in the form of Bitcoin (BTC). However, the new dividend policy is optional, and it is up to the shareholder to decide whether to be paid in Bitcoin or not.
Should the shareholder indeed wish to get paid in BTC, the first dividend will be based on 10% of its net income during the third-quarter profits. The rest of Digihost’s net income will be reinvested to fund future business requirements and opportunities.
“Dividends under the new policy will be payable in either BTC or cash at the election of each shareholder. Future levels of dividends will be established by the Digihost’s Board of Directors based upon market conditions at the time. It is expected that the first dividend will be 10% of net income,” said Michel Amar, Chairman and CEO of Digihost in the announcement release.
Digihosts's Total Crypto Holdings
In March, Digihost mined 75.24 BTC, increasing its total reserves to 797.47 BTC. Based on Bitcoin’s current price of $45,000, the company’s total BTC reserves are worth approximately $36.3 million.
Similarly, its Ether (ETH) holdings have also grown as the company has accumulated around 1,000.89 ETH, valued at approximately $3.3 million, based on the ETH's current price of $3,300.
As of March 31, Digihost's total digital asset inventory consisting of BTC and ETH comprises approximately $39.6 million.