07:25 AM EDT, 06/06/2024 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) , a blockchain and data center technology, which saw its shares rise 3.5% yesterday, overnight Wednesday announced its operational results for May 2024.

Among Key Highlights for the month: Bitcoin mined was 23 BTC; Hashrate of 0.94 EH/s; and BTC balance of 449 BTC.

DMG in a statement noted in May 2024 it mined 23 bitcoin with a realized monthly average hashrate of 0.94 exahashes per second (EH/s). It said these results demonstrate its "ongoing commitment to optimizing its mining operations and increasing efficiency". DMG's bitcoin balance as of May 31, 2024 stands at 449 BTC, "reflecting its strategic approach to growth and asset management". "This reserve," it added, "positions DMG favorably for future opportunities to deploy its capital".

As an operational update, DMG now expects it will have its Bitmain T21 mining fleet expected to generate 0.86 EH/s operational in July 2024, a delay from prior guidance around the end of June. The company said it expects to have its T21 miners fully installed in its mining containers by the end of June or shortly thereafter. However, it added, the miners will not be energized until they are connected to the company's distribution line. According to DMG, extended lead times for interconnection components are delaying the commissioning of the new mining containers. Combined with its new fleet of fully energized T21s, the company expects its total fleet hashrate to generate an estimated 1.7 EH/s with a blended fleet efficiency to be approximately 23 J/TH.