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DMG Blockchain Solutions Inc. (DMG) is a leading company dedicated to the development and management of blockchain-based solutions. DMG focuses on monetizing the blockchain ecosystem through innovative digital solutions while prioritizing sustainability. The company is actively involved in decarbonizing the Bitcoin blockchain, offering technologies like Terra Pool and Petra for carbon-neutral mining and transactions. Recent collaborations with Energy Web and PayPal aim to establish industry standards for sustainable blockchain applications in finance. DMG's CEO, Sheldon Bennett, emphasizes the company's commitment to environmental responsibility and technological advancement.
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DMG Blockchain Solutions Inc. has been recognized as a 2024 Top 50 Company by the TSX Venture Exchange, ranking second in the Technology category. The company's strong performance is attributed to market capitalization, share price appreciation, and trading volume. CEO Sheldon Bennett emphasizes the focus on cash flow generation and operational management for sustained growth.
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DMG Blockchain Solutions Inc. announces financial results for Q1 2024, operational updates, new mining capacity, data center site development, immersion cooling technology progress, new loan to Bosonic, and engagement with Power Mining Analysis Ltd.
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DMG Blockchain Solutions Inc. partners with Sygnum Bank to secure a US$9 million credit facility for the purchase of bitcoin miners ahead of the Bitcoin halvening in April 2024. The loan is interest-bearing at 7.8% annually and secured against the Company's digital currency assets. DMG aims to optimize its balance sheet and maintain its healthy bitcoin holding.
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DMG Blockchain Solutions Inc. reports January 2024 preliminary mining results, with 53.5 bitcoin mined and a 0.89 EH/s realized hashrate. Despite a 3.5 day substation outage, the company aims to operate closer to its nameplate hashrate of 1.2 EH/s, with a bitcoin balance of 468 as of January 31, 2024.
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DMG Blockchain Solutions Inc. announces an operational update, including the deployment of 36 megawatts of containerized mining capacity, upgrading of mine network infrastructure, and plans for housing new Bitmain T21 miners and legacy fleet. The company also performed maintenance on its substation, resulting in downtime, and is in the process of building infrastructure for its first 12-megawatt tranche of immersion cooling technology. CEO Sheldon Bennett emphasizes the company's focus on significant mining facility expansion and doubling its mining electrical capacity to 72 megawatts.
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DMG Blockchain Solutions Inc. (DMGI) announces December 2023 preliminary mining results, with 72.1 bitcoin mined and a 1.0 EH/s realized hashrate. The company's bitcoin balance as of December 31, 2023, was 455 bitcoin. DMG exited December with 1.1 EH/s of realized hashrate and is working to improve its fleet operation to reach its nameplate hashrate of 1.2 EH/s.
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DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) announced its fourth quarter 2023 and full year ending September 30, 2023 audited financial results. The full year 2023 financial results were $27.9 million revenue, $16.5 million net loss, and $4.9 million positive operating cash flow. DMG mined 878 bitcoin in 2023 and had a strong balance sheet at the end of the financial year with $18.9 million in cash and digital currency, and $82.6M of total assets. The company also signed an agreement with Bitmain Technologies to purchase T21 bitcoin miners for up to 1 EH/s of new hashrate. The financial year 2023 was challenging but the company is encouraged by recent developments in the cryptocurrency industry, creating an extraordinary opportunity for DMG in the future.
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DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) will release its Q4 and full year 2023 financial results on December 20, 2023, followed by a conference call on December 21, 2023 at 4:30 pm ET for a corporate update.
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DMG Blockchain Solutions Inc. (DMGI) announces the purchase of 4,550 T21 190 TH/s bitcoin miners from Bitmain Technologies for US$12,103,000. The company expects shipment in the March quarter of 2024 and may finance the purchase through cash, liquidated bitcoin, debt, or a combination of both. DMG aims to utilize the high-energy mode of the T21 miners to realize up to 1.06 EH/s of new hashrate, comparable to its current hashrate. The company also plans to improve overall fleet efficiency and increase its bitcoin balance based on its November 2023 mining results.
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DMG Blockchain Solutions Inc. announces preliminary mining results for October 2023. The company mined 59.2 bitcoin with a realized hashrate of 0.87 EH/s. DMG's bitcoin balance as of October 31, 2023, was 462 bitcoin. The company achieved a 50% increase in realized hashrate compared to the previous quarter.
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FAQ
What is the current stock price of DMG BLOCKCHAIN (DMGGF)?
The current stock price of DMG BLOCKCHAIN (DMGGF) is $0.275 as of December 24, 2024.
What is the market cap of DMG BLOCKCHAIN (DMGGF)?
The market cap of DMG BLOCKCHAIN (DMGGF) is approximately 70.3M.
What is DMG Blockchain Solutions Inc. focused on?
DMG is dedicated to developing and managing blockchain-based solutions with a focus on sustainability and technological innovation.
What technologies does DMG offer for carbon-neutral mining and transactions?
DMG provides technologies like Terra Pool and Petra to enable carbon-neutral mining and transactions on the Bitcoin blockchain.
Who are DMG's recent collaborators in the industry?
DMG has collaborated with Energy Web and PayPal to establish industry standards for sustainable blockchain applications in finance.
What is CEO Sheldon Bennett's emphasis within DMG?
CEO Sheldon Bennett emphasizes DMG's commitment to environmental responsibility and technological advancement in the blockchain space.
What are some of DMG's recent achievements and initiatives?
DMG has made significant progress in decarbonizing the Bitcoin blockchain and promoting sustainable practices through its technologies and industry partnerships.
How does DMG plan to expand its mining capacity?
DMG is undergoing rapid expansion to augment its mining fleet with new generation miners and expand its electrical infrastructure to grow its mining capacity to 3 EH/s.
What unique opportunities does DMG offer for investors and industry peers?
DMG's CEO and COO are available for one-on-one meetings to engage directly with investors and peers, providing insights into the company's growth strategy and expansion plans.
Where can I find more information about DMG Blockchain Solutions Inc.?
For more information about DMG and its initiatives, visit www.dmgblockchain.com, follow @dmgblockchain on Twitter, and subscribe to DMG's YouTube channel.
How can I contact DMG Blockchain Solutions Inc. for investor relations or media inquiries?
For investor relations, contact CORE IR at 516-222-2560. For media inquiries, reach out to Jules Abraham at 917-885-7378 or julesa@coreir.com.
What is DMG's approach to sustainability and technological advancement?
DMG combines sustainability principles with technological innovation to drive advancements in the blockchain ecosystem and promote environmentally responsible practices.
What recent industry standards is DMG aiming to establish?
DMG, in collaboration with Energy Web and PayPal, is working towards setting new industry standards for sustainable blockchain applications in finance, contributing to the global decarbonization efforts.
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