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The latest update is out from DMG Blockchain Solutions ( (TSE:DMGI) ).
DMG Blockchain Solutions reported its preliminary mining results for January 2025, mining 31 Bitcoin and increasing its hashrate to 1.75 EH/s. The company aims to boost its hashrate to 2.1 EH/s by the end of the quarter using hydro direct liquid cooling technology. CEO Sheldon Bennett highlighted the deployment of the first megawatt of hydro miners, with expectations to energize the remaining five megawatts soon. These advancements reflect DMG’s commitment to expanding its operational capabilities and strengthening its position in the blockchain industry.
More about DMG Blockchain Solutions
DMG Blockchain Solutions Inc. is a publicly traded, vertically integrated blockchain and data center technology company that develops end-to-end digital solutions for monetizing digital assets and artificial intelligence compute ecosystems. The company operates a carbon-neutral Bitcoin ecosystem through its subsidiary, Systemic Trust Company, allowing financial institutions to move Bitcoin sustainably and compliantly.
YTD Price Performance: 4.00%
Average Trading Volume: 315,617
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $48.88M
See more insights into DMGI stock on TipRanks’ Stock Analysis page.
