DMG Announces Operational Results for August 2024

DMG Blockchain Solutions announces its preliminary operational results for August 2024. 

August 2024 Operational Results Highlights

• BTC Mined: 21 BTC  

• Hashrate: 0.94 EH/s  

• BTC balance: 453 BTC  

We expect to have our 4,550 Bitmain T21 miners fully installed by the end of September. To date, we have energized about 40% of our new mining fleet producing about 0.35 EH/s and have optimized our legacy fleet to run in the lowest power mode to best deal with the summer heat, producing about 0.75 EH/s or 1.1 EH/s in total. Most of the balance of our T21 miners are racked in containers awaiting connection to our distribution line. We believe we can reach our 1.7 EH/s goal at an efficiency of 23 J/TH when we energize the balance of the T21 miners and operate our legacy fleet at a slightly higher power consumption, producing about 0.85 EH/s. As we enter cooler weather from the end of September, we expect more steady hashrate over the coming months.

Upcoming Investor Conference

DMG management will also present at the H.C. Wainwright 26th Annual Global Investment Conference, taking place September 9-11 at the Lotte New York Palace in New York City. The presentation is scheduled for Monday, September 9, at 1:30 PM ET.

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About DMG

DMG’s mission is to lead the digital asset industry in both meet the most stringent compliance all while focused on ESG requirements.

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