Cryptoknowmics
2022-04-05 11:04:17

Nasdaq-Listed Digihost to Offer Dividend Payments in Bitcoin

Nasdaq-listed Bitcoin mining company Digihost (DGHI) has adopted a new policy that intends to offer its shareholders the option to receive dividend payments in Bitcoin (BTC), starting from the third quarter of this year. With the latest move, Digihost (DGHI) becomes the first publicly traded crypto mining firm to pay out dividends in the flagship cryptocurrency. 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. Digihost Technology Inc., a Nasdaq-listed company, has announced that it will pay di...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.