Digihost Is the First Publicly Traded Miner to Pay Bitcoin Dividends

The decision comes as the publicly traded miner seeks to diversify its business model to increase shareholder value rather than simply storing bitcoin on its balance sheet.

The company forecasts an average of 1.5 exahash per second (EH/s) in 2022, a 5.5x increase over the average in 2021. The miner currently has 1 EH/s and mines 4.25 bitcoins per day.

The miner also said it mined 186.8 bitcoins in the first quarter, up 78% from the same period last year.

Digihost's shares were up more than 5% in early trading. Its stock is down nearly 27 percent this year, while bitcoin is down 3.6 percent.