In 2024, DMG raised capital through a USD $19 million loan facility and CAD $17.3 million in share equity, which facilitated the purchase of Bitcoin mining equipment and expansion of its hashrate. The company is focused on customer acquisition and operational execution, with plans to enhance its carbon-neutral Bitcoin ecosystem through its Systemic Trust and Terra Pool platforms. DMG is also developing a Bitcoin Data Center Infrastructure Management tool and aims to leverage its relationships to expand Gen AI data centers across North America. The company emphasizes its commitment to both Bitcoin mining and Gen AI as part of its Core strategy, aiming for efficient capital use and rapid revenue generation.
Key takeaways:
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- DMG Blockchain Solutions announced preliminary mining results for December 2024, mining 32 BTC with a hashrate of 1.68 EH/s.
- The company plans to expand its hashrate to 2.1 EH/s in the current quarter using hydro direct liquid cooling technology.
- DMG aims to grow its hashrate to 3 EH/s in 2025 and is focusing on customer acquisition and operational execution.
- DMG has utilized a USD $19 million loan facility and raised CAD $17.3 million in share equity to fund its expansion and initiatives.