An Overview of Mining Performance in January
February 3, 2025, Vancouver, British Columbia Leading blockchain and data center technology provider DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (referred to as “DMG” or the “Company”) has published its January 2025 preliminary mining results.
Important KPIs for January 2025:
31 BTC was mined, as opposed to 32 BTC in December 2024.
The hashrate increased from 1.68 EH/s in December 2024 to 1.75 EH/s.
Holdings of Bitcoin: 431 BTC (up from 406 BTC in December 2024)
Growth of the Company and Technological Developments
“Our mining capabilities continued to improve in January,” said Sheldon Bennett, CEO of DMG Blockchain Solutions. This quarter, we are still focused on increasing our hashrate to 2.1 EH/s by utilizing cutting-edge hydro direct liquid cooling (DLC) technology. At 1.8 EH/s at the end of January, we successfully installed our first megawatt of hydro miners. We are still on course to turn on the final five megawatts this quarter.
Concerning DMG Blockchain Solutions, Inc.
DMG is a publicly traded business that specializes in data center and blockchain technology. In order to assist the digital asset and artificial intelligence (AI) computer ecosystems, the company specializes in managing, running, and creating all-encompassing digital solutions. Systemic Trust Company, a division of DMG, is essential to the company’s carbon-neutral Bitcoin ecosystem because it makes it possible for financial institutions to handle Bitcoin transactions in an environmentally friendly and legally compliant way.
Use DMG Blockchain Solutions to Stay in Touch
Go to www.dmgblockchain.com to learn more about DMG Blockchain Solutions and its most recent projects. For the most recent information, subscribe to DMG’s YouTube channel and follow @dmgblockchain on Facebook, LinkedIn, and X.
Contact Details:
Sheldon Bennett, CEO and Director, on behalf of the Board of Directors; phone: (778) [email protected] is the email.Web address: www.dmgblockchain.com
Please send an email to [email protected] for investor relations.
For media inquiries, contact Head of Communications Chantelle Borrelli at [email protected].
Disclaimer on Regulations
The correctness and sufficiency of this release are not guaranteed by the TSX Venture Exchange or its Regulation Service Provider.
Statements for the Future and a Cautionary Note
The forward-looking statements in this press release are predicated on current assumptions and expectations. These consist of the anticipated distribution of capital, the growth of DMG’s hydro mining activities, and its strategic ambitions. Future adjustments to the pricing, mining conditions, and difficulty of the Bitcoin network could have an effect on DMG’s performance.
Risks and uncertainties associated with forward-looking statements include economic considerations, market conditions, competition, equipment availability, security concerns, and regulatory obstacles. There is no assurance that DMG will produce the desired outcomes. Investors seeking a thorough examination of risks and uncertainties may consult DMG’s filings on www.sedarplus.ca.
Except in cases where it is mandated by law, the company does not undertake any obligation to update forward-looking information.
