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Seeking Alpha 2021-11-30 11:23:24

DMG Blockchain Solutions purchases 1.8K Bitmain Antminer S19 XP Miners



DMG Blockchain Solutions (OTCQB:DMGGF) purchased 1.8K Bitmain Antminer S19 XP 140 Th miners, Bitmain's newest generation, thereby making the company own just over 1 Eh/s when including its previous Bitmain S19 orders. 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. Delivery is expected to commence in July 2022 with 300 miners arriving each month for the following 6 months. In mid-December 2021 after the November batch of Bitmain miners arrives, DMG will generate over 400 Ph/s hashrate, which, given various market factors, is estimated to produce an average of 2.58 BTC/day. 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. The company will grant 2.85M stock options to company directors and employees; options

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