Bitmain, a leading cryptocurrency mining company, is set to distribute dividends annually, a move reportedly influenced by the significant decline in Ethereum (ETH) value. According to The Block, the dividend payout will be $0.01 per share. This decision comes as Bitmain's market value to net asset value ratio (mNAV) has fallen below 1, indicating that the company may be undervalued. A substantial contributing factor to this situation is the unrealized losses stemming from Bitmain's Ethereum holdings, estimated to be around $4.5 billion. The company likely aims to appease investors and offer some return amidst the challenging crypto market conditions. The dividend distribution could also signal Bitmain's confidence in its long-term prospects despite current market headwinds. ```