DMG Blockchain Solutions Reports Strong September Operational Gains
DMG Blockchain Solutions Reports Strong September Operational Gains
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) has announced preliminary Bitcoin operational results for September 2024 that highlight the company's ongoing commitment to enhancing its infrastructure and capabilities in the blockchain industry.
Preliminary Results Overview
During September, DMG successfully mined 23 BTC, showcasing a hashrate of 1.1 EH/s. The company now holds a total of 436 BTC. Notably, DMG is transitioning approximately 0.15 EH/s of its mining fleet to a third-party hosting provider in Canada, a move designed to enhance operational flexibility.
Advancements in Mining Infrastructure
As of the end of September, DMG has fully energized its Bitmain T21 mining fleet, integrating it into its overall operations. This marks a significant milestone in the company’s efforts to expand its mining capacity. With external hosting included, DMG's operational hashrate sits at approximately 1.6 EH/s, positioning the company strategically to reach its near-term goal of 1.7 EH/s.
Strategic Focus and Future Goals
CEO Sheldon Bennett emphasized the importance of these developments in a recent statement. He remarked, “The full energization of our T21 fleet is a significant step forward in our operational roadmap, showcasing our ability to meet key milestones. By partnering with a third-party hosting provider, we gain operational agility while effectively managing our resources to ensure optimal returns.”
Commitment to Innovation
DMG Blockchain Solutions is focused on continually improving fleet performance, reaffirming its commitment to long-term value creation for shareholders. As planned, reaching a hashrate of 1.7 EH/s in the near future will be crucial for enhancing Bitcoin production and operational efficiency.
About DMG Blockchain Solutions
DMG is a sustainable, vertically integrated blockchain technology company. With a strong commitment to environmentally responsible practices, DMG offers comprehensive platform solutions aimed at monetizing the blockchain ecosystem. Their operations are driven by two main strategic pillars: Core and Core+, each dedicated to further strengthening the company’s market position.
Company Contact Information
If you're interested in learning more about DMG Blockchain Solutions, feel free to reach out:
Sheldon Bennett
CEO & Director
Phone: 516-222-2560
Email: investors@dmgblockchain.com
For Media Inquiries:
Chantelle Borrelli
Head of Communications
Email: chantelle@dmgblockchain.com
Frequently Asked Questions
What were DMG's Bitcoin mining results for September 2024?
DMG mined 23 BTC with a hashrate of 1.1 EH/s in September 2024.
How many BTC does DMG currently hold?
DMG holds a total of 436 BTC as of the end of September 2024.
What is DMG's near-term hashrate target?
DMG is targeting a hashrate of 1.7 EH/s in the near future.
What steps is DMG taking to optimize its operations?
DMG is transitioning a portion of its mining fleet to a third-party provider to enhance flexibility and efficiency.
Who can be contacted for more information about DMG?
You can contact Sheldon Bennett at 516-222-2560 or via email at investors@dmgblockchain.com for inquiries.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.