Core+ Software and Services Strategy Progress
DMG has completed the testing phase of integrating Fireblocks wallets with Petra technology, advancing their carbon neutral Bitcoin ecosystem. They aim to offer a suite of products including Helm, Reactor, and Explorer by the next few months, positioning themselves for revenue growth.
AI Infrastructure Investment
Purchased 2 megawatts of prefabricated data center infrastructure, indicating a serious investment into AI computing. Discussions with Canadian entities for colocation and off-take agreements show potential for future growth in AI services.
Bitcoin Mining Hashrate Achievement
Achieved a short-term hashrate goal of 2.1 exahash at the beginning of May, with plans to grow to 3 exahash by the end of the calendar year through non-dilutive financing.
Financial Position Improvements
Cash, short-term investments, and Bitcoin holdings totaled $61.9 million, up 42% year-over-year. The company is taking measures to reduce its Sygnum Bank loan balance to manage debt levels.