dividend
confidence high
sentiment negative
materiality 0.50
Bit Digital reappoints director Ichi Shih, pays $800k related-party dividend
Bit Digital, Inc
- Ichi Shih reappointed as independent director; $120k annual cash compensation plus equity grants; term expires at next annual meeting.
- Board approved $800k interim dividend ($0.80/share) on 1M preference shares held by Geney Development Ltd.
- Geney is owned 30% by CFO Erke Huang and 70% by director Zhaohui Deng (former chairman).
- Dividend paid from retained earnings; no other material terms.