DMG Blockchain Solutions Shares March Update on Operations
DMG Blockchain Solutions Reports Preliminary March Operational Results
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX), a leader in blockchain and data center technology, shares its preliminary operational highlights for March. The company's recent achievements mark a significant step forward in its ongoing mission to leverage blockchain technology effectively.
Notable Achievements in March
In March, DMG reported a remarkable increase in its Bitcoin mining output, yielding 32 BTC, an improvement from 27 BTC in February. Alongside this, the company's hashrate rose to 1.82 EH/s, exceeding the previous month's 1.71 EH/s. Furthermore, DMG's Bitcoin holdings have also expanded significantly, reaching a total of 458 BTC compared to 443 BTC just a month prior. Notably, the operational efficiency has improved, with DMG reporting no days of non-firm power curtailments, a significant drop from three days in February.
Expansion Plans and Operational Goals
DMG is poised to enhance its operations further as it aims for a hashrate of 2.1 EH/s. Although the timeline has slightly shifted due to minor delays in shipments of its S21+ Hydro miners, DMG is currently utilizing 2 megawatts of hydro power to run its miners, achieving near 1.9 EH/s efficiency. The company anticipates nearing its target hashrate as the next 2 megawatts are set to be deployed by mid-April, thereby bolstering its operational capacity.
Sheldon Bennett, CEO of DMG, expressed optimism about the company’s future trajectory. He stated, “While there has been a slight delay in reaching our 2.1 EH/s goal, we are encouraged by the performance of our hydro mining technology. Our focus remains on not just optimizing our Bitcoin mining operations but also on establishing solid AI offtake agreements, thereby enhancing our carbon-neutral Bitcoin ecosystem.”
Employee Incentives and Growth Strategies
In alignment with its growth strategy, DMG has recently granted stock options and restricted stock units (RSUs) to its employees and directors. This incentive is structured to ensure that the interests of the team are closely aligned with the longer-term goals of the company. A total of 428,170 stock options have been awarded, along with 1,050,000 RSUs, with stock options available over five years at an exercise price of $0.24 per share.
A Look at DMG’s Vision
DMG Blockchain Solutions is dedicated to developing comprehensive solutions that can effectively manage and monetize digital assets. As a fully integrated blockchain company, DMG is equipped to facilitate robust infrastructure for Bitcoin and artificial intelligence ecosystems. Their subsidiary, Systemic Trust Company, plays an essential role in ensuring a sustainable and compliant pathway for Bitcoin movement, addressing critical environmental considerations within the blockchain sector.
Interested stakeholders and investors can keep up with DMG's latest initiatives by visiting their official site. The company actively engages with its community via social media platforms, where it shares insights and updates regarding its operations and future plans.
Contact Information
For further inquiries, please contact:
Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Frequently Asked Questions
What key operational results did DMG report for March?
DMG reported mining 32 BTC, with a hashrate of 1.82 EH/s and total Bitcoin holdings of 458 BTC.
How has the hashrate goal changed for DMG?
DMG aimed for a hashrate of 2.1 EH/s, with minor delays affecting the timeline for achieving this target.
What employee incentives has DMG introduced recently?
DMG has granted 428,170 stock options and 1,050,000 RSUs to its employees and directors to align performance with company growth.
What is DMG's approach to sustainability?
The company focuses on creating a carbon-neutral Bitcoin ecosystem through its subsidiary, Systemic Trust Company.
How can stakeholders stay updated on DMG's activities?
Stakeholders can visit DMG's website and follow their social media channels for the latest info on company developments.
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