We are delighted that we had the opportunity to do this in partnership with Marathon Digital Holdings, which successfully launched earlier in the year and has since found 370+ blocks.
In addition, part of DMG’s Core+ strategy is to build and operate mining pools that align with our strategic goals. Functionality, UI, and core database upgrades were made to Blockseer’s Helm platform to not only enhance its ability to manage the over 10,000 miners operating on it now, but to enable it to expand well into the hundreds of thousands of miners for the future. This focus turned 2021 into a great year for DMG’s Core+ platforms. Our long-term hiring strategy includes continuing to look for candidates who are interested in the space and can transfer their experience from more traditional sectors.
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DMG focused on hiring senior software engineers to accelerate its plans in the Core+ area, including experts in Front End, Back End and Database Design. As these projects solidify, DMG will provide updates.ĭMG announced its Core+ strategy early in 2021 and has been building this strategy using Blockseer’s technology and platforms as its foundation. As well, DMG has been working with other power generators and utilities which may lead to DMG diversifying beyond Christina Lake in 2022. Throughout the New Year DMG will assess the viability of moving forward with these, and many other projects, on this site. The Company has already completed a study on deploying solar panels on its property and installing up to one megawatt of Hydrogen production. In 2022 DMG plans to continue focusing on projects at its Christina Lake site which diversify its revenue and increase its efficiencies in operations. To date, the collaboration, specific to crypto, has produced 300 Power Distribution Units (PDUs) for DMG as well as 6 crypto mining containers for DMG and its clients with current production now averaging 4 containers per month. Due to DMG’s research in immersion being validated the Company will focus on implementation of this technology throughout 2022.ĭuring 2021, with the ongoing issues related to Covid-19 and unforeseen disruptions in the global supply chain, DMG decided to take control of many of its manufacturing needs by making a strategic investment in Black Box Manufacturing, a company that specializes in the design and manufacture of electrical and mechanical enclosures for multiple industries including crypto mining. These results enable DMG to use less miners (thus reduce our capital spend) to reach our hashrate goals as well as extend their operating life compared to running fans cooled miners.
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With this new focus DMG added nearly 4,250 S19J Pro miners by the end of 2021, reaching a peak of 420 Ph/s, with monthly additions planned to be received, installed and operating throughout 2022 to reach over 1 exahash (1,000 Ph/s) by the end of 2022.ĭMG’s independent immersion testing results, on a small batch of Bitcoin miners, substantiated the Company’s calculations that retrofitting from air to immersion cooling achieves an 18% decrease in miner power consumption with the same amount of computation hashrate. DMG kicked off the year with independent testing of its immersion mining solution and ended the year with over one exahash of new generation mining equipment purchased, including the S19 XPs, with deliveries started in the Fall of 2021 and continuing throughout 2022.Įarly in the 2021 calendar year DMG changed its focus from majority hosting in its facility to focusing on self mining with a few strategic hosting clients. Further, the Company is expecting to release its audited financials by Januand will conduct an investor conference call shortly after its financial statements are released.ĭMG has had a strong end to the calendar year with December 2021 results of:ĭMG also made its live hashrate publicly available on its website banner, which has hit an all-time high of 464.47 Ph/s since the start of the New Year.ĭMG continued to develop its Core operations in 2021, focusing on self mining and the completion of its data centre’s mining infrastructure in Christina Lake.
(TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, today announces the release of their Annual Review for 2021. 20, 2022 (GLOBE NEWSWIRE) - DMG Blockchain Solutions Inc. Strategic investments in Black Box, Brane, Bosonic and partnerships with Argo, Zodia, Crypto Climate Accord and Bitcoin Mining Council.
Core+ platforms under DMG’s Blockseer brand updated major products including Petra and Helm.Core bitcoin mining operations at the Christina Lake Data Centre reached a calendar year high of 420 Ph/s.
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