Highlights:
-
DMG purchases 1,800 New Generation Bitmain Antminer S19 XPs
-
DMG updates that its current operating hashrate is 360 Ph/s and estimates to have over 400 Ph/s once November’s shipment of miners are installed and energized
-
DMG has purchased from Bitmain a total hashrate of 1,037 PH/s or approximately 9,500 S19s
DMG Blockchain Solutions Inc.,a publicly-traded, vertically integrated blockchain and cryptocurrency technology company, announces the purchase of 1,800 Bitmain Antminer S19 XP 140 Th miners, Bitmain’s newest generation.
Latest Fintech Insights: Smart Contracts Start Transferring ICP After Upgrade, Allowing Advanced DeFi To Be Developed On The Internet Computer
Each miner uses only 3.01 kilowatts to generate 140 terahashes which will generate an overall additional 252 Ph/s once all of the 1,800 miners are received, installed and energized. With this order of 1,800 Bitcoin miners, DMG will own just over 1 Eh/s when including its previous Bitmain S19 orders.
Delivery of these 1,800 miners is expected to begin in July 2022, with 300 miners arriving each month for the following 6 months.
DMG also announces that mid-December 2021, once its November batch of Bitmain miners arrives, the Company will generate over 400 Ph/s hashrate, which, given various market factors, is estimated to produce an average of 2.58 BTC a day. This has been the culmination of the large bulk order arriving in August 2021 along with the supplemental orders of 450 S19 miners arriving each month starting in August and continuing over the course 12 months. DMG previously ordered 7,850 S19 Bitcoin miners from Bitmain. As a result, DMG has purchased from Bitmain a total hashrate of 1,037 PH/s or approximately 9,500 S19s (which includes the most recent order of 1,800 S19 XPs announced in this news release).
Browse The Complete News About Fintech : equipifi Joins the Symitar Vendor Integration Program
DMG also wishes to announce the granting of 2,845,750 stock options (“Options”) to directors and employees of the Company. The Options are exercisable for a period of three years at a price of $1.20 per share and will vest as to 25% on each of the six, twelve, eighteen and twenty-four month anniversary of the grant date.
Read More About Fintech News : Zephyr Releases Portfolio Performance, Comprehensive Investment Performance Reporting
[To share your insights with us, please write to sghosh@martechseries.com]
