DMG Blockchain Solutions Reports Strong August Performance Metrics
Operational Updates from DMG Blockchain Solutions
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) recently shared its operational performance for August, showcasing impressive results in bitcoin mining and overall efficiency.
Preliminary Mining Results
For August 2024, DMG reported the following key metrics:
- BTC Mined: 21 BTC
- Hashrate: 0.94 EH/s
- BTC balance: 453 BTC
The company's commitment to expanding its mining capabilities is evident as it anticipates the complete installation of 4,550 Bitmain T21 miners by the end of September. Currently, around 40% of this new mining fleet is operational, contributing approximately 0.35 EH/s. Alongside its legacy fleet, optimized for power efficiency amidst the summer heat, the total hashrate has reached about 1.1 EH/s.
Future Growth Projections
Looking ahead, DMG aims to achieve a hashrate of 1.7 EH/s with enhanced efficiency once all T21 miners are active. This strategic move is expected to leverage slightly higher power consumption, thus ensuring a robust output of around 0.85 EH/s. Understanding the fluctuations in hashrate due to temperature changes, DMG anticipates a more stable performance as the weather cools in the coming months.
Environmental Commitment
DMG Blockchain Solutions is dedicated to sustainability within the blockchain and data center sectors. By managing and developing eco-friendly operations, the company strives to provide innovative solutions that efficiently harness the potential of the blockchain ecosystem.
About DMG Blockchain Solutions
As a vertically integrated blockchain and data center technology company, DMG focuses on end-to-end digital solutions designed to monetize the blockchain. With dual business strategies known as Core and Core+, DMG integrates its operations to create sustainable growth potential.
Contact Information
For further inquiries about DMG's operations, please reach out to:
Sheldon Bennett, CEO & Director
Tel: 516-222-2560
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
Investor Relations:
investors@dmgblockchain.com
Media Inquiries:
Chantelle Borrelli, Head of Communications
chantelle@dmgblockchain.com
Frequently Asked Questions
1. What were DMG's BTC mined figures for August 2024?
DMG mined a total of 21 BTC in August 2024.
2. What is the current hashrate reported by DMG?
The hashrate reported by DMG is 0.94 EH/s as of August 2024.
3. How many Bitmain T21 miners is DMG installing?
DMG plans to fully install 4,550 Bitmain T21 miners by the end of September 2024.
4. What steps is DMG taking to ensure environmental sustainability?
DMG is focused on developing eco-friendly operations and utilizing efficient practices within its blockchain and data center technology.
5. Who can be contacted for investment inquiries?
Investors can contact Sheldon Bennett at 516-222-2560 or email investors@dmgblockchain.com for inquiries.
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