DMG Blockchain Solutions Announces Preliminary Operational Results for August 2024
DMG Blockchain Solutions Inc. (DMGGF) has released its preliminary operational results for August 2024. The company mined 21 BTC with a hashrate of 0.94 EH/s and maintains a BTC balance of 453. DMG expects to fully install 4,550 Bitmain T21 miners by the end of September, with 40% already energized, producing about 0.35 EH/s. The company's legacy fleet is optimized for summer heat, contributing 0.75 EH/s, for a total of 1.1 EH/s. DMG aims to reach 1.7 EH/s at an efficiency of 23 J/TH once all T21 miners are operational. The company anticipates more stable hashrates as cooler weather approaches from late September.
DMG Blockchain Solutions Inc. (DMGGF) ha rilasciato i suoi risultati operativi preliminari per agosto 2024. L'azienda ha estratto 21 BTC con un hashrate di 0.94 EH/s e mantiene un saldo di BTC di 453. DMG prevede di installare completamente 4.550 miner Bitmain T21 entro la fine di settembre, con il 40% già attivo, producendo circa 0.35 EH/s. La flotta legacy dell'azienda è ottimizzata per il caldo estivo, contribuendo con 0.75 EH/s, per un totale di 1.1 EH/s. DMG punta a raggiungere 1.7 EH/s con un'efficienza di 23 J/TH una volta che tutti i miner T21 saranno operativi. L'azienda prevede tassi di hashrate più stabili man mano che si avvicina il clima più fresco dalla fine di settembre.
DMG Blockchain Solutions Inc. (DMGGF) ha publicado sus resultados operativos preliminares para agosto de 2024. La compañía minó 21 BTC con una tasa de hash de 0.94 EH/s y mantiene un saldo de BTC de 453. DMG espera instalar completamente 4.550 mineros Bitmain T21 para finales de septiembre, con el 40% ya energizado, produciendo alrededor de 0.35 EH/s. La flota heredada de la compañía está optimizada para el calor del verano, contribuyendo con 0.75 EH/s, para un total de 1.1 EH/s. DMG tiene como objetivo alcanzar 1.7 EH/s con una eficiencia de 23 J/TH una vez que todos los mineros T21 estén operativos. La empresa anticipa tasas de hash más estables a medida que se acerque el clima más fresco a finales de septiembre.
DMG 블록체인 솔루션 주식회사(DMGGF)는 2024년 8월의 예비 운영 결과를 발표했습니다. 회사는 21 BTC를 채굴했으며, 해시레이트는 0.94 EH/s입니다. BTC 잔액은 453입니다. DMG는 9월 말까지 4,550개의 비트메인 T21 채굴기를 완전히 설치할 계획이며, 이미 40%가 가동되고 있어 약 0.35 EH/s를 생산하고 있습니다. 회사의 레거시 기계는 여름 더위를 고려하여 최적화되어 있으며, 0.75 EH/s를 기여하여 총 1.1 EH/s에 이릅니다. DMG는 모든 T21 채굴기가 가동되면 1.7 EH/s에 효율 23 J/TH를 달성할 계획입니다. 회사는 9월 말부터 서늘한 날씨가 다가옴에 따라 보다 안정적인 해시레이트를 예상하고 있습니다.
DMG Blockchain Solutions Inc. (DMGGF) a publié ses résultats opérationnels préliminaires pour août 2024. La société a extrait 21 BTC avec un hashrate de 0.94 EH/s et maintient un solde de BTC de 453. DMG prévoit d'installer complètement 4.550 mineurs Bitmain T21 d'ici la fin septembre, dont 40 % sont déjà en service, produisant environ 0.35 EH/s. La flotte héritée de l'entreprise est optimisée pour la chaleur estivale, contribuant à hauteur de 0.75 EH/s, pour un total de 1.1 EH/s. DMG vise à atteindre 1.7 EH/s avec une efficacité de 23 J/TH une fois que tous les mineurs T21 seront opérationnels. L'entreprise anticipe une plus grande stabilité des hashrates alors que le temps frais approche à la fin septembre.
DMG Blockchain Solutions Inc. (DMGGF) hat seine vorläufigen Betriebsergebnisse für August 2024 veröffentlicht. Das Unternehmen hat 21 BTC mit einer Hashrate von 0.94 EH/s abgebaut und hält einen BTC-Saldo von 453. DMG plant, bis Ende September insgesamt 4.550 Bitmain T21 Miner vollständig zu installieren, von denen bereits 40% aktiv sind und etwa 0.35 EH/s produzieren. Die Legacy-Flotte des Unternehmens ist für die Sommerhitze optimiert und trägt mit 0.75 EH/s bei, was insgesamt 1.1 EH/s ergibt. DMG strebt an, 1.7 EH/s bei einer Effizienz von 23 J/TH zu erreichen, sobald alle T21 Miner in Betrieb sind. Das Unternehmen rechnet mit stabileren Hashraten, da kühleres Wetter Ende September bevorsteht.
- DMG mined 21 BTC in August 2024
- Current BTC balance of 453 BTC
- 40% of new Bitmain T21 miners already energized
- Total hashrate expected to reach 1.7 EH/s after full T21 miner installation
- Anticipated improvement in hashrate stability with cooler weather
- Modest dips in hashrate experienced on warm days
- Legacy fleet operating in lowest power mode due to summer heat
VANCOUVER, British Columbia, Sept. 05, 2024 (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, announces its preliminary operational results for August 2024:
- BTC Mined: 21 BTC
- Hashrate: 0.94 EH/s
- BTC balance: 453 BTC
We expect to have our 4,550 Bitmain T21 miners fully installed by the end of September. To date, we have energized about
We believe we can reach our 1.7 EH/s goal at an efficiency of 23 J/TH when we energize the balance of the T21 miners and operate our legacy fleet at a slightly higher power consumption, producing about 0.85 EH/s. As we stated in our July 08, 2024 press release, we have seen modest dips in hashrate on warm days. As we soon enter cooler weather periods from the end of September, we expect more steady hashrate over the coming months.
About DMG Blockchain Solutions Inc.
DMG is an environmentally friendly vertically integrated blockchain and data center company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG’s vertical integration.
For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
Follow @dmgblockchain on X and subscribe to DMG's YouTube channel.
For further information, please contact:
On behalf of the Board of Directors,
Sheldon Bennett, CEO & Director
Tel: 516-222-2560
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
Investor Relations Contact:
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, increasing hashrate, improving fleet efficiency and continuing to execute on Core+ software initiatives, hosting a conference call, the opportunity and plans to monetize bitcoin transactions, the continued investment in Bitcoin network software infrastructure and applications, developing and executing on the Company’s products and services, increasing self-mining, 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 hash rate 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 hash rate 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 bitcoins; security threats, including a loss/theft of DMG's bitcoins; 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 Covid-19 or other viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain 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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