DMG Provides Mining, Petra Updates; COO Makes Open Market Share Purchase

DMG Provides Mining, Petra Updates; COO Makes Open Market Share Purchase

DMG Blockchain Solutions announces it has received the majority of the equipment it has ordered from Bitmain: 785 PH/s of the S19j Pro model and 210 PH/s of S19 XP model enabling nearly 1 EH/s of mining capacity. DMG expects to achieve more than 1 EH/s early in 2023 when it receives its remaining batch – 42 PH/s of the S19 XP. The company also plans to order additional miners based on its accumulated credit with Bitmain as well as make opportunistic miner purchases in the open market.

DMG Updates Status on Petra TechnologyDMG has made significant progress upgrading its Terra Pool software and expects to run its first Petra transactions through Terra Pool on the Bitcoin main-net early in 2023. Petra will enable the movement of bitcoin using carbon neutral energy sources and work in concert with its Walletscore technology, which screens out transactions with wallet addresses that have been blacklisted by the US Department of Treasury’s OFAC (Office of Foreign Assets Control).

COO Purchases Company SharesDMG announces that COO Steven Eliscu recently purchased 100,000 DMG shares in the open market.

DMG Bidding for Bitmain miner couponsDMG is looking to purchase Bitmain miner coupons with expiration dates beyond late January. Please reach out if you have coupons to sell.

Learn more about our company