Seeking Alpha
2022-04-04 11:24:53

Digihost reports milestone of 1 EH/s in hashrate, announces bitcoin dividend policy

Digihost Technology (NASDAQ:DGHI) announced a new dividend policy wherein it expects to declare dividends payable to shareholders in either BTC or cash in the future, at the choice of shareholders. Throughout 1Q22, the company continued to make progress on the deployment of the 10.6K M30S and M30S+ miners it acquired last year. "With more than half of those miners currently in operation we have more than doubled our hashrate from 415 PH at year-end 2021 to ~1 EH/s today, which at current network difficulty equates to ~4.25 coins/day on a run rate of over 120 coins mined per month," Chairman and CEO Michel Amar commented. In March 2022, the company mined 75.24 BTC increasing total holdings to 797.47 BTC valued at ~$36.3M as of Mar.31, 2022 (based on BTC price of $45.5K). Ethereum holdings stood at 1,000.89 ETH valued at ~$3.3M as of Mar.31, 2022 (based on ETH price of $3.3K). As of

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.