07:23 AM EDT, 08/07/2024 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) , a blockchain and data center technology company, on Wednesday said it mined 22 bitcoin in July.

DMG had a realized hashrate of 0.9 EH/s, with a balance of 444 BTC.

"In July, DMG faced the dual challenges at our Christina Lake data center facility of a sustained heatwave that negatively impacted our hashrate production and a slower than expected deployment of our new distribution power infrastructure needed to energize our new fleet of 4,550 Bitmain T21 mining servers, which are expected to produce 0.86 EH/s," said DMG CEO Sheldon Bennett in a statement. "We now expect to fully energize our T21 mining fleet in the current month of August."

DMG also has granted 100,000 stock options to a company contractor that are exercisable for three years at $0.52 per share. The options will vest in 25%-increments on the three-, six-, nine- and 12-month anniversaries of the grant date.