Starting from the third quarter of this year, Digihost (DGHI) will become the first publicly listed crypto miner to offer shareholders the option of receiving dividend payments in bitcoin (BTC).
During the third quarter of 2022, the company will pay a dividend equal to 10 percent of its net income. The miner stated in a statement on April 4 that shareholders would be able to receive payment in either bitcoin or cash. The remaining net income of Digihost will be reinvested to meet future company needs and prospects.
The decision comes as publicly listed miners seek to diversify their business models in order to increase shareholder value, rather than just holding bitcoin on their balance sheet.
The company expects an average hashrate of 1.5 exahashes per second (EH/s) in 2022, a 5.5-fold increase over its 2021 average hashrate. The miner’s hash rate is now 1 EH/s, and it mines 4.25 bitcoins per day.
The miner also said that it mined 186.8 bitcoin in the first quarter, a 78 percent rise over the same period last year.
Digihost shares were up more than 5 percent in early trading at the time of writing. Its stock has dropped nearly 27 percent this year, while bitcoin has dropped 3.6 percent.
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