DMG Blockchain Solutions Inc. Announces July Operational Results
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) has released its operational results for July 2024. The company mined 22 Bitcoin with a realized hashrate of 0.9 EH/s and maintained a BTC balance of 444. DMG faced challenges due to a heatwave and delayed deployment of new infrastructure at its Christina Lake data center. The company expects to fully energize its new fleet of 4,550 Bitmain T21 mining servers in August, which should produce 0.86 EH/s. Additionally, DMG granted 100,000 stock options to a contractor, exercisable at $0.52 per share over three years with a staggered vesting schedule.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) ha rilasciato i risultati operativi di luglio 2024. L'azienda ha estratto 22 Bitcoin con un hashrate realizzato di 0.9 EH/s e ha mantenuto un saldo di BTC di 444. DMG ha affrontato sfide a causa di un'ondata di calore e del ritardo nel dispiegamento di nuove infrastrutture presso il proprio data center di Christina Lake. L'azienda prevede di attivare completamente la sua nuova flotta di 4.550 server per il mining Bitmain T21 ad agosto, che dovrebbe produrre 0.86 EH/s. Inoltre, DMG ha concesso 100.000 opzioni su azioni a un appaltatore, esercitabili a $0.52 per azione per un periodo di tre anni con un piano di esercizio scaglionato.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) ha publicado sus resultados operativos para julio de 2024. La empresa extrajo 22 Bitcoin con una tasa de hash realizada de 0.9 EH/s y mantuvo un saldo de BTC de 444. DMG enfrentó desafíos debido a una ola de calor y al retraso en el despliegue de nueva infraestructura en su centro de datos de Christina Lake. La compañía espera energizar completamente su nueva flota de 4,550 servidores de minería Bitmain T21 en agosto, que debería producir 0.86 EH/s. Adicionalmente, DMG otorgó 100,000 opciones sobre acciones a un contratista, que se pueden ejercer a $0.52 por acción durante tres años con un calendario de adquisición escalonado.
DMG 블록체인 솔루션스 Inc. (TSX-V: DMGI) (OTCQB US: DMGGF)는 2024년 7월 운영 결과를 발표했습니다. 이 회사는 22 비트코인을 채굴했으며, 실현 해시레이트는 0.9 EH/s이고 BTC 잔고는 444를 유지했습니다. DMG는 폭염과 크리스티나 호수 데이터 센터의 새로운 인프라 배치 지연으로 어려움을 겪었습니다. 이 회사는 8월에 4,550 대의 비트메인 T21 채굴 서버를 완전히 가동할 예정이며, 이 서버는 0.86 EH/s를 생산할 것으로 예상됩니다. 또한 DMG는 계약자에게 100,000 주식 옵션을 부여했으며, 이는 3년 동안 주당 $0.52로 행사할 수 있으며, 단계적인 가득 채우기 일정이 있습니다.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) a publié ses résultats opérationnels pour juillet 2024. L'entreprise a extrait 22 Bitcoin avec un hashrate réalisé de 0.9 EH/s et a maintenu un solde de BTC de 444. DMG a rencontré des défis en raison d'une vague de chaleur et du déploiement tardif de nouvelles infrastructures dans son centre de données de Christina Lake. La société s'attend à mettre entièrement en service sa nouvelle flotte de 4.550 serveurs de minage Bitmain T21 en août, qui devrait produire 0.86 EH/s. De plus, DMG a attribué 100.000 options d'achat d'actions à un entrepreneur, exerçables à 0,52 $ par action sur trois ans avec un calendrier d'acquisition échelonné.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) hat seine Betriebsergebnisse für Juli 2024 veröffentlicht. Das Unternehmen hat 22 Bitcoin mit einer realisierten Hashrate von 0.9 EH/s abgebaut und einen BTC-Saldo von 444 gehalten. DMG hatte aufgrund einer Hitzewelle und der verzögerten Bereitstellung neuer Infrastruktur im Christina Lake Rechenzentrum Herausforderungen zu bewältigen. Das Unternehmen erwartet, seine neue Flotte von 4.550 Bitmain T21 Mining-Servern im August vollständig in Betrieb nehmen zu können, welche 0.86 EH/s produzieren sollten. Darüber hinaus hat DMG 100.000 Aktienoptionen an einen Auftragnehmer gewährt, die über drei Jahre zu einem Preis von $0.52 pro Aktie mit einem gestaffelten Vesting-Plan ausgeübt werden können.
- Maintained a substantial Bitcoin balance of 444 BTC
- Expected to fully energize new mining fleet in August, potentially increasing hashrate by 0.86 EH/s
- Reduced Bitcoin mining output in July due to heatwave and infrastructure deployment delays
- Realized hashrate of 0.9 EH/s, potentially below previous performance
VANCOUVER, British Columbia, Aug. 07, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, announces its operational results for July 2024:
- Bitcoin mined: 22 BTC
- Realized hashrate: 0.9 EH/s
- BTC balance: 444 BTC
DMG’s CEO, Sheldon Bennett, commented, "In July, DMG faced the dual challenges at our Christina Lake data center facility of a sustained heatwave that negatively impacted our hashrate production and a slower than expected deployment of our new distribution power infrastructure needed to energize our new fleet of 4,550 Bitmain T21 mining servers, which are expected to produce 0.86 EH/s. We now expect to fully energize our T21 mining fleet in the current month of August.”
Grant of Stock Options
DMG also announces it has granted 100,000 stock options (“Options”) to a contractor of the Company. The Options are exercisable for a period of three years at a price of
About DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc. stands at the forefront of the blockchain revolution, combining its role as a leading, environmentally conscious entity with a comprehensive suite of services that span digital asset mining and blockchain software development. Dedicated to securing and monetizing the benefits of blockchain technology, DMG serves a diverse portfolio of clients through innovative, end-to-end digital solutions. With a focus on technological advancements and a culture of innovation, the company promotes sustainability and remains a trusted figure in the rapidly evolving global cryptocurrency industry. Its operations, streamlined through its Core and Core+ strategies, underscore DMG’s commitment to vertical integration and environmental sustainability.
For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on Twitter 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: 516-222-2560
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
Investor Relations Contact
CORE IR 516-222-2560
For Media Inquiries
Jules Abraham
CORE IR
917-885-7378
julesa@coreir.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 presenting at upcoming conferences, DMG’s strategies and plans, delivering products that enable the monetization of bitcoin transactions, developing and executing on the Company’s products and services, increasing self-mining, 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 bitcoin; 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 Covid-19 or other 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 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
How many Bitcoin did DMG Blockchain Solutions (DMGGF) mine in July 2024?
What was DMG Blockchain Solutions' (DMGGF) realized hashrate in July 2024?
What challenges did DMG Blockchain Solutions (DMGGF) face in July 2024?
When does DMG Blockchain Solutions (DMGGF) expect to fully energize its new Bitmain T21 mining servers?
