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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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1.02%
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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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3.24%
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Rhea-AI Summary
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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-15.96%
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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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-7.76%
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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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2.07%
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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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20.94%
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News
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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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-0.87%
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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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1.93%
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DMG Blockchain Solutions Inc. announces preliminary mining results for September 2023. Realized hashrate increased but was below installed hashrate due to heat issues. Expecting increase in realized hashrate in October with cooler temperatures and receipt of miners. DMG Management Interview on McNallie Money discussing survival of Bitcoin miners during the halving.
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0.53%
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DMG Blockchain Solutions appoints Lawrence Truong as Strategic Advisor
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-2.38%
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DMG BLOCKCHAIN
OTC:DMGGF
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2.74%
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