DMG Blockchain Solutions mines 32 bitcoin in November

DMG Blockchain Solutions (DMGGF) announces its preliminary Bitcoin mining operational results for November 2024: Operational Highlights: Bitcoin Mined: 32 BTC vs 34 BTC in October 2024; Hashrate: 1.66 EH/s vs 1.53 EH/s in October 2024; Bitcoin Holdings: 423 BTC vs 399 BTC in October 2024. DMG Blockchain Solutions demonstrated continued progress in its operational metrics during November, achieving 32 BTC mined bitcoin and a hashrate of 1.66 EH/s. The Company is continuing to refine its operations to realize further incremental hashrate improvements while readying its Christina Lake property to receive its six Bitmain hydro containers and its first 1 megawatt of Bitmain S21 Hydro miners. DMG’s CEO, Sheldon Bennett, commented, “November was a transformative month: Piggybacking on our Artificial Intelligence Data Center partnership announcement with the Malahat Nation, we successfully closed a $17.3 million unit offering, significantly bolstering our financial position and enabling us to accelerate multiple growth initiatives. With the purchase of 5 megawatts of Bitmain S21+ Hydro miners on top of the prior purchase of 6 megawatts of hydro mining containers and 1 megawatt of Bitmain S21 Hydro miners, we are positioning ourselves to grow our hashrate to 2.1 EH/s in early calendar 2025. The funds raised will also support further investments in Systemic Trust and our initial investments in AI infrastructure, while freeing us to hold bitcoin in the near term, aligning with our positive outlook on bitcoin’s market trajectory. Furthermore, achieving SOC 2 Type II compliance reaffirms our commitment to security and operational excellence.”