https://www.tipranks.com/news/the-fly/dmg-blockchain-solutions-mines-32-bitcoin-in-november
DMG Blockchain Solutions (DMGGF) announces preliminary Bitcoin mining operational results for November 2024. Operational Highlights: Bitcoin Mined: 32 BTC vs. 34 BTC in October 2024. Hashrate: 1.66 EH/s vs. 1.53 EH/s in October 2024. Bitcoin holdings: 423 BTC vs. 399 BTC in October 2024. DMG Blockchain Solutions demonstrated continued progress in operational metrics during November, achieving 32 BTC mined and a hashrate of 1.66 EH/s. The company continues to improve its operations to deliver further hashrate gains as it prepares to receive six Bitmain hydro containers and the first 1 MW Bitmain S21 Hydro miners at its Christina Lake property. DMG CEO Sheldon Bennett commented: “November was a month of transformation. Piggybacking off the announcement of our artificial intelligence data center partnership with the Malahat Nation, we successfully completed a $17.3 million unit offering, significantly improving our financial position. We are now able to accelerate the growth of multiple initiatives. In addition to the 6 MW hydro mining containers and 1 MW Bitmain S21 Hydro miners purchased so far, we plan to purchase 5 MW Bitmain S21+ Hydro miners, increasing the hash rate to 2.1 EH/s in early 2025. is. The funds raised will also support further investments in Systemic Trust and initial investments in AI infrastructure. This aligns with our positive outlook on the Bitcoin market trajectory and allows us to hold Bitcoin in the short term. Additionally, achieving SOC 2 Type II compliance reaffirms our commitment to security and operational excellence. ”
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