DMG Reports Q2 2024 Results Ending March 31, 2024

DMG announces its fiscal Q2 2024 financial results:

• Q2 2024 revenue increased 31% over the prior year to $10M, driven by self mining revenues increasing 39%

• Net Income was slightly positive, maintaining profitability for the second consecutive quarter

• 153 bitcoin mined, down 22% from the prior quarter, with a hashrate of 0.96 EH/s and fleet efficiency of 28.4 J/TH

• $4.5 million cash flow from operations, up 19% from the prior quarter

• Deploying Bitmain T21 miners with goal to reach 1.7 EH/s by the end of June, targeting 2 EH/s and beyond longer term

• Strong balance sheet with $43.6M in cash and digital currency, $118M in total assets

The Company will host a conference call to review second quarter 2024 financial results and provide a corporate update on May  23, 2024 at 4:30 pm ET. Participants are asked to pre-register for the call through this link. Registered participants will receive a conference call weblink and dial-in information in their confirmation email

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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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