DMG Blockchain Solutions (TSE:DMGI) has released an update.
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DMG Blockchain Solutions Inc. reported a significant 31% year-over-year revenue increase to $10 million in Q2 2024, marking a second consecutive quarter of profitability with a slight net income gain. Despite a 22% decrease in Bitcoin mined from the previous quarter, the company’s operational cash flow grew by 19% to $4.5 million. The firm is on track to expand its mining capacity with new Bitmain T21 miners, aiming for 1.7 EH/s by June and setting sights on exceeding 2 EH/s in the future.
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