DMG April Mining Results

We are pleased to announce our April 2024 preliminary mining results: DMG mined 39.0 bitcoin with 0.92 EH/s realized hashrate. DMG’s bitcoin balance as of April 30, 2024 was 467 bitcoin.

To maximize its profitability post-halvening (which occurred April 19, 2024), DMG has improved its legacy fleet efficiency via software from 28.4 J/TH to approximately 26 J/TH with a commensurate reduction in hashrate from 1 EH/s to approximately 0.85 EH/s. This was the major contributor to the reduction in hashrate in April versus the prior month. Additionally, DMG has installed the first of its ordered 4,550 units of new Bitmain T21 miners, which when fully installed and operating, are expected to generate 0.86 EH/s with a miner efficiency of 19 J/TH. Combined with its new fleet of T21s, the Company expects its blended fleet efficiency to be approximately 23 J/TH, delivering an estimated 1.7 EH/s by the end of the current quarter. The installed T21 contribution to April’s overall hashrate was de minimis.

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DMG Management Interview Podcast

DMG’s CEO, Sheldon Bennett and COO Steven Eliscu were interviewed by Matthew Dunehoo, host of the Chesapeake Group’s The MarketGems Podcast. Watch the full interview on YouTube.

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About DMG

DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.

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Blockseer/Core+

Blockseer blockchain software products help enable crypto adoption and growth.

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Terra Pool, enabled by Blockseer software, is the world's first Bitcoin mining pool focused on carbon neutral energy and clean block mining.

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