DMG Blockchain Solutions Inc. Announces Operational Update and Miner Deployment Plan

DMG Blockchain Solutions Inc. has announced an operational update, revealing plans to deploy new Bitmain T21 miners and improve the efficiency of its existing fleet. The company has installed the first of 4,550 ordered T21 miners, which are expected to generate 0.86 EH/s with a miner efficiency of 19 J/TH. Additionally, DMG has improved the efficiency of its legacy fleet, reducing its J/TH ratio from 28.4 to approximately 26. With the addition of the new T21 miners and improvements to the legacy fleet, DMG expects its blended fleet efficiency to be approximately 23 J/TH, delivering an estimated 1.7 EH/s by the end of the current quarter.

CEO Sheldon Bennett expressed satisfaction with the progress towards expanding the company’s mining capacity, stating that DMG is undergoing its largest and most rapid expansion to date. The company aims to have the electrical infrastructure in place to grow its mining capacity to 3 EH/s post-halvening.

In addition to the operational update, DMG management will be participating in the upcoming Planet MicroCap Showcase in Las Vegas from April 30 to May 2. CEO Sheldon Bennett and COO Steven Eliscu will be available for one-on-one meetings, providing investors and industry peers with the opportunity to engage directly with DMG’s leadership.

DMG Blockchain Solutions Inc. is a vertically integrated blockchain and data center technology company focused on developing end-to-end digital solutions to monetize the blockchain ecosystem. The company’s dedication to advancing the blockchain sector through technological development and strategic industry engagement is evident in its recent operational updates. For more information about DMG Blockchain Solutions, visit www.dmgblockchain.com.