DMG Blockchain Solutions Announces Preliminary January Mining Results
DMG Blockchain Solutions (DMGGF) has released its preliminary mining results for January 2025. The company mined 31 Bitcoin, slightly down from 32 BTC in December 2024. The company's hashrate increased to 1.75 EH/s from 1.68 EH/s in December, with Bitcoin holdings growing to 431 BTC from 406 BTC.
The company has deployed its first megawatt of hydro miners using hydro direct liquid cooling (DLC) technology, reaching 1.8 EH/s by the end of January. DMG aims to expand its hashrate to 2.1 EH/s in the current quarter, with plans to energize the remaining five megawatts.
DMG Blockchain Solutions (DMGGF) ha rilasciato i suoi risultati preliminari di mining per gennaio 2025. L'azienda ha estratto 31 Bitcoin, leggermente in calo rispetto ai 32 BTC di dicembre 2024. La hashrate dell'azienda è aumentata a 1.75 EH/s rispetto a 1.68 EH/s di dicembre, con le riserve di Bitcoin che sono cresciute a 431 BTC rispetto ai 406 BTC.
L'azienda ha implementato il suo primo megawatt di miner idrici utilizzando la tecnologia di raffreddamento diretto a liquido (DLC), raggiungendo 1.8 EH/s entro la fine di gennaio. DMG mira ad espandere la sua hashrate a 2.1 EH/s nel trimestre in corso, con piani per attivare i rimanenti cinque megawatt.
DMG Blockchain Solutions (DMGGF) ha lanzado sus resultados preliminares de minería para enero de 2025. La compañía minó 31 Bitcoin, una ligera disminución de 32 BTC en diciembre de 2024. La tasa de hash de la compañía aumentó a 1.75 EH/s desde 1.68 EH/s en diciembre, con las reservas de Bitcoin creciendo a 431 BTC desde 406 BTC.
La compañía ha desplegado su primer megavatio de mineros hidroeléctricos utilizando tecnología de enfriamiento líquido directo (DLC), alcanzando 1.8 EH/s a finales de enero. DMG tiene como objetivo expandir su tasa de hash a 2.1 EH/s en el trimestre actual, con planes para energizar los cinco megavatios restantes.
DMG 블록체인 솔루션 (DMGGF)는 2025년 1월의 preliminar 채굴 결과를 발표했습니다. 이 회사는 31 비트코인을 채굴했으며, 2024년 12월의 32 BTC에서 약간 감소했습니다. 회사의 해시레이트는 12월의 1.68 EH/s에서 1.75 EH/s로 증가했으며, 비트코인 보유량은 406 BTC에서 431 BTC로 증가했습니다.
회사는 수력 에너지를 사용한 첫 번째 메가와트를 배치하여 직접 액체 냉각(DLC) 기술을 적용하였고, 1월 말까지 1.8 EH/s에 도달했습니다. DMG는 현재 분기에 해시레이트를 2.1 EH/s로 확장할 계획이며, 나머지 다섯 개의 메가와트를 활성화할 예정입니다.
DMG Blockchain Solutions (DMGGF) a publié ses résultats préliminaires de minage pour janvier 2025. L'entreprise a extrait 31 Bitcoin, légèrement en baisse par rapport à 32 BTC en décembre 2024. La puissance de hachage de l'entreprise a augmenté à 1.75 EH/s contre 1.68 EH/s en décembre, avec des réserves de Bitcoin atteignant 431 BTC contre 406 BTC.
L'entreprise a déployé son premier mégawatt de mineurs hydroélectriques utilisant la technologie de refroidissement liquide direct (DLC), atteignant 1.8 EH/s fin janvier. DMG vise à étendre sa puissance de hachage à 2.1 EH/s au cours du trimestre actuel, avec des plans pour activer les cinq mégawatts restants.
DMG Blockchain Solutions (DMGGF) hat seine vorläufigen Mining-Ergebnisse für Januar 2025 veröffentlicht. Das Unternehmen hat 31 Bitcoin abgebaut, was einen leichten Rückgang von 32 BTC im Dezember 2024 bedeutet. Die Hashrate des Unternehmens stieg auf 1.75 EH/s von 1.68 EH/s im Dezember, während die Bitcoin-Bestände auf 431 BTC von 406 BTC wuchsen.
Das Unternehmen hat sein erstes Megawatt an Hydro-Minern unter Verwendung von direkter Flüssigkeitskühlung (DLC) implementiert, wodurch bis Ende Januar 1.8 EH/s erreicht wurden. DMG plant, seine Hashrate im laufenden Quartal auf 2.1 EH/s zu erhöhen, mit dem Ziel, die verbleibenden fünf Megawatt zu aktivieren.
- Hashrate increased to 1.75 EH/s from 1.68 EH/s month-over-month
- Bitcoin holdings grew to 431 BTC from 406 BTC
- Successfully deployed first megawatt of hydro miners with DLC technology
- Monthly Bitcoin production decreased to 31 BTC from 32 BTC
VANCOUVER, British Columbia, Feb. 03, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, today announces its preliminary mining results for January 2025.
- Bitcoin Mined: 31 BTC (vs 32 BTC in Dec 2024)
- Hashrate: 1.75 EH/s (vs 1.68 EH/s in Dec 2024)
- Bitcoin Holdings: 431 BTC (vs 406 BTC in Dec 2024)
DMG’s CEO, Sheldon Bennett, commented, “In January, we continued to make incremental hashrate gains. We have been focused on expanding our hashrate to 2.1 EH/s in the current quarter based on utilizing leading-edge hydro direct liquid cooling (DLC) technology. We deployed our first megawatt of hydro miners, and hence, we exited January at 1.8 EH/s. We still expect to energize the remaining five megawatts in the current quarter.”
About DMG Blockchain Solutions Inc.
DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner.
For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights.
For further information, please contact:
On behalf of the Board of Directors,
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
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG’s strategies and plans, energizing the remaining 5 MW of hydro miners in the current quarter, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company’s products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.
Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of Gen AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.
Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and Gen AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
FAQ
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