DMG Announces Preliminary July Operational Results
Bitcoin Mined: 26 BTC
Hashrate: 1.65 EH/s
Bitcoin Holdings: 307 BTC
During July 2025, DMG’s realized hashrate was 1.65 EH/s, up 6% from the 1.56 EH/s reported in June, as the Company was able to make fully operational its hydro infrastructure with 0.4 EH/s hashrate, achieved in the latter part of July. As a result of diligent efforts by its mining staff, the Company was able to overcome the infrastructure contamination issues caused by manufacturer quality control issues. DMG is now observing intraday hashrate fluctuations of less than 1% in its hydro mining segment, even during the warmest part of the summer. The hydro miners are designed to maintain hashrate under higher ambient temperatures, albeit at reduced efficiency, and are performing as expected. Notably, the initial failure rate of the hydro miners has been significantly lower than that of previous generations of air-cooled equipment.
The Company has scheduled substation maintenance in August, which is expected to result in three days of downtime, with the possibility of partial shutdowns around that period. DMG does not currently utilize backup power generation for its Bitcoin mining operations, except for its server room.
DMG’s bitcoin balance was 307 BTC at the end of July. The Company sold bitcoin during the month to fund operating expenses and further reduce its loan balance with Sygnum Bank, in line with prior guidance.
Digital Asset Treasury Update
As of the date of this press release, DMG has paid down more than half of its Sygnum Bank loan balance, which was $20.0 million as of its most recently reported financial quarter ending March 31, 2025. In the near-term, DMG anticipates it will increase its bitcoin balance and limit further reductions in its debt. As a bitcoin miner, DMG’s cash cost of energy to make bitcoin is well below the market price, which makes its cost of growing its bitcoin balance attractive. The Company continues to explore the development of a broader digital asset portfolio.
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