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Digihost Becomes First Publicly Traded Miner to Offer Bitcoin Dividend Payments
The miner also expects a 1.5 exahash per second (EH/s) of average hashrate for 2022, which is about 5.5x more than its 2021 mining power.
By Aoyon Ashraf
Updated May 11, 2023, 7:11 p.m. Published Apr 4, 2022, 1:44 p.m.
Digihost (DGHI) became the first publicly traded crypto miner to offer shareholders the option to get dividend payments in bitcoin (BTC), starting from the third quarter of this year.
- The company’s first dividend will be 10% of its net income during the third quarter of 2022. Shareholders will have the option to get paid in either bitcoin or cash, the miner said in a statement on Monday.
- The rest of Digihost’s net income will be reinvested to fund future business requirements and opportunities.
- “The Board of Directors of Digihost is pleased to announce our decision to become the first public company in the crypto mining space to implement a dividend policy payable in BTC to its shareholders,” said CEO and chairman Michel Amar in the statement.
- The decision comes as publicly traded miners are looking to diversify their business model to create additional shareholder value, rather than just holding onto their bitcoins in their balance sheet.
- For 2022, the company said it expects an average hashrate of 1.5 exahash per second (EH/s), which is about a 5.5 times increase compared to its 2021 average hashrate. Currently, the miner's hashrate is 1 EH/s and it mines 4.25 bitcoins per day.
- The miner also said it mined 186.8 bitcoin in the first quarter, an increase of about 78% from the same time period last year.
- At the time of writing, Digihost shares were up over 5% in early trading. Its shares have fallen about 27% this year, while bitcoin fell 3.6%.
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CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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