DMG Announces Large Bitcoin Mining Server Purchase and November Mining Results

DMG Blockchain Solutions announces it has signed an agreement with Bitmain Technologies to purchase 4,550 T21 190 TH/s bitcoin miners for US$12,103,000 (US$14/TH/s). Financing of the purchase may be through existing cash/liquidated bitcoin, debt or a combination of both.

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DMG Purchases Bitmain T21 Bitcoin Miners for up to 1 EH/s of New HashrateDMG expects shipment of its T21 miners in the March quarter of 2024; terms of the purchase are 10% downpayment (already paid) with the balance due in the month prior to shipment. As the T21 natively supports a high-energy (overclocked) mode to 233 TH/s (with a modest decrease in efficiency from 19 J/TH to 22 J/TH), which DMG expects to utilize, the Company may be able to realize from this purchase up to 1.06 EH/s, which is comparable with DMG’s current hashrate.

November 2023 Preliminary Mining ResultsIn November 2023, DMG mined 64.7 bitcoin with 0.97 EH/s realized hashrate. DMG’s bitcoin balance as of November 30, 2023 was 429 bitcoin. DMG exited November with 1.07 EH/s of realized hashrate.

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