DMG Blockchain Solutions Shares Preliminary January Mining Figures

Author: Hannah Lewis Updated: 02-03-2025 04:45 PM

DMG Blockchain Solutions Releases January Mining Results

DMG Blockchain Solutions Inc. (NASDAQ: DMGGF) is proud to share its preliminary results for Bitcoin mining for the month of January. This valuable information highlights the company's ongoing dedication to expanding its mining operations and utilizing advanced technologies.

Key Mining Metrics for January

In January, DMG reported the mining of 31 Bitcoin, a slight decrease from December's total of 32 BTC. Despite this small drop, the company's hashrate saw an increase, reaching 1.75 EH/s compared to 1.68 EH/s the previous month. Furthermore, Bitcoin holdings also increased, totaling 431 BTC, rising from December’s count of 406 BTC.

Hashrate Expansion Plans

The CEO of DMG, Sheldon Bennett, expressed his optimism regarding the company’s progress. He stated, “In January, we continued to make incremental hashrate gains.” The company has set ambitious goals to expand its hashrate to 2.1 EH/s within the current quarter. This will be achieved through the implementation of cutting-edge hydro direct liquid cooling (DLC) technology.

Recent Developments and Future Goals

DMG has successfully deployed its first megawatt of hydro miners, leading to a recorded hashrate of 1.8 EH/s by the end of January. Bennett emphasized that the company expects to energize the remaining five megawatts in the ongoing quarter, further bolstering their operational capabilities.

About DMG Blockchain Solutions

DMG Blockchain Solutions Inc. is a publicly traded company that operates within the blockchain and data center technology sectors. The company is committed to managing and developing comprehensive digital solutions that facilitate the monetization of digital assets and artificial intelligence computing ecosystems.

Carbon-Neutral Initiative

An essential aspect of DMG's operations is Systemic Trust Company, a wholly-owned subsidiary that plays a significant role in establishing a carbon-neutral Bitcoin ecosystem. This initiative ensures that financial institutions can transact with Bitcoin in a sustainable and regulatory-compliant manner, thereby attracting more participants to the digital economy.

Stay Informed

For more information about DMG Blockchain Solutions and its projects, interested individuals can visit the company’s website. Additionally, the company provides updates through social media platforms such as X, LinkedIn, and Facebook, along with insights shared on its YouTube channel.

Contact Information

For further details, reach out to:

Sheldon Bennett
CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com

For Investor Relations:
investors@dmgblockchain.com

For Media Inquiries:
Chantelle Borrelli
Head of Communications
chantelle@dmgblockchain.com

Frequently Asked Questions

1. What were the mining results for DMG in January?

DMG mined 31 BTC in January, with a hashrate of 1.75 EH/s and total holdings of 431 BTC.

2. How does DMG plan to increase its hashrate?

The company aims to expand its hashrate to 2.1 EH/s by utilizing hydro direct liquid cooling technology.

3. What is the significance of Systemic Trust Company?

It is a subsidiary of DMG focused on creating a carbon-neutral Bitcoin ecosystem for sustainable transactions.

4. Where can I find more information about DMG?

More information is available on DMG's website and social media channels.

5. Who can I contact for investor relations inquiries?

For investor relations, you can contact investors@dmgblockchain.com.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

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