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Mining company starts paying dividends in bitcoins

Mining company starts paying dividends in bitcoins

Such a decision was made by Digihost. However, it is still possible for shareholders to receive remuneration in the usual fiat money. 

According to the company's press release, Michel Amar, head of the company, stated “I am also pleased to announce to our shareholders that Digihost has adopted a new dividend policy pursuant to which the Company expects to declare future dividends that will be based upon our net income. 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”. 

The company also shared non-audited monthly and quarterly bitcoin mining data. Digihost proceeded to deploy 10,600 M30S and M30S+ miners acquired last year. With over half of these miners, the company has doubled its hash rate from 415 PH/s at the end of 2021 to about 1 EH/s today, corresponding to mining about 4.25 bitcoins per day at a projection of over 120 coins per month at current network complexity.


Hashrate

Hash rate is a measure of the power of the mining equipment. The higher it is, the faster the equipment will create new digital coins. Knowing the hash rate of your equipment, you can roughly estimate how much cryptocurrency you will earn in a certain amount of time. You can do the calculations on your own or using an online calculator

Related info: Mining: what it is, its types, and how to make money on it

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