09:15 AM EDT, 10/04/2024 (MT Newswires) -- DMG Blockchain Solutions Inc. ( DMGGF ) , a vertically integrated blockchain and data center technology company, announced Friday its preliminary Bitcoin operational results for September 2024. Among highlights, DMG cited bitcoin mined of 23 BTC; hashrate of 1.1 EH/s; and bitcoin holdings of 436 BTC.

In a hosting update, DMG said it is in the process of transitioning approximately 0.15 EH/s of its mining fleet to a third-party hosting provider in Canada, "further enhancing operational flexibility".

As of the end of September, DMG has successfully energized its Bitmain T21 mining fleet, fully integrating it into its operations. It said this energization marks a key milestone in DMG's ongoing efforts to scale its mining infrastructure. Including the miners being hosted externally, DMG's current operating hashrate is approximately 1.6 EH/s. The company added it is also focused on fleet optimization and remains on track to reach its near-term goal of 1.7 EH/s. These steps are part of DMG's broader strategy to maximize its operational efficiency while enhancing Bitcoin production.

Sheldon Bennett, DMG's CEO, in a statement Friday said: "The full energization of our T21 fleet is a significant step forward in our operational roadmap, and it demonstrates our ability to execute on key milestones. Our decision to move part of our fleet to a third-party hosting provider not only strengthens our operational agility but also allows us to manage our resources more effectively while pursuing optimal returns. We remain focused on improving our fleet's performance, and with our current hashrate at 1.6 EH/s, we are well-positioned to achieve our 1.7 EH/s target in the near future. As always, our priority is to deliver long-term value to our shareholders through strategic execution and ongoing innovation."

DMGI eased $0.005 to $0.47 yesterday.