TORONTO–(BUSINESS WIRE)–Ether Capital Corporation (“Ether Capital” or the “Company”) (Cboe CA: ETHC) announces the reporting of its audited consolidated financial results for the year ended December 31, 2023.
During the year, the Company:
Increased its Staked Ether from 20,512 to 45,440 Ether units, representing approximately 98% of its Ether unit balance.
Began staking its Ether on its proprietary in-house infrastructure, which at December 31, 2023 was 64% of all staked Ether.
Earned staking rewards of 1,843 Ether, equating to Staked Ether Rewards (yield) of $4,496,102, compared to $2,445,369 in Fiscal 2022. During the year ended December 31, 2023, the gross yield was 4.94% p.a. (5.13% for 2022).
Implemented a reduction in employee-related and other operating overhead expenses of $0.8 million on an annualized basis.
Repurchased 726,400 shares under its Normal Course Issuer Bid Program (the “NCIB”) at a weighted average share price of $2.00 per share, for a
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