DMG Reports February Mining Results
DMG announces February preliminary mining results. DMG mined 89.2 bitcoin with 0.88 EH/s realized hashrate. DMG’s bitcoin balance as of February 28, 2023 was 435.3 bitcoin.
New Miner DeliveriesDMG now expects its last batch of 42 PH/s of Bitmain S19 XPs to be delivered in April 2023. Along with additional mine improvements, DMG expects to grow its hashrate to 1 EH/s in April 2023.
New Infrastructure to Support Future GrowthAdditionally, DMG has completed the purchase of air-cooled containers that in aggregate will support more than 40 megawatts of mining. Based on the efficiency of the latest generation of mining rigs, this capacity would support more than 1 EH/s of additional mining.
Bank Deposit ExposureDMG has held no deposits with Silvergate Bank, Silicon Valley Bank nor Signature Bank. DMG holds its cash with large banks ranked in the top 50 globally.
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About DMG
DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.
Blockseer
Blockseer licenses blockchain software products to help enable crypto adoption and growth.
Core & Core+
DMG’s businesses are segmented into two main divisions: Core Crypto Infrastructure and Core + Software & Services.
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