04:48 PM EDT, 09/05/2024 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) , a blockchain and data center company, after trade Thursday released its preliminary operational results for August.

Among highlights, DMG cited bitcoin (BTC) mined of 21 BTC, a hashrate of 0.94 EH/s and a BTC balance of 453 BTC.

The company said it expects to have its 4,550 Bitmain T21 miners installed by the end of September. "To date," it added, "we have energized about 40% of our new mining fleet producing about 0.35 EH/s and have optimized our legacy fleet to run in the lowest power mode to best deal with the summer heat, producing about 0.75 EH/s or 1.1 EH/s in total. Most of the balance of our T21 miners are racked in containers awaiting connection to our distribution line."

The company said it believes it can reach its 1.7 EH/s goal at an efficiency of 23 J/TH when it energizes the balance of the T21 miners and operates its legacy fleet at a slightly higher power consumption, producing about 0.85 EH/s. "As we stated in our July 08, 2024 press release, we have seen modest dips in hashrate on warm days. As we soon enter cooler weather periods from the end of September, we expect more steady hashrate over the coming months," it added.

DMG shares closed down $0.01 to $0.46 om the TSX Venture Exchange.