09:01 AM EDT, 03/21/2024 (MT Newswires) -- DMG Blockchain Solutions Inc. ( DMGGF ) outlined Thursday its latest operational update.

The company said it is continuing to progress towards energizing 54 mining containers on its Christina Lake mining facility property. It added that it has energized its first four containers and expects to be fully operational in the June quarter to support its new T21 fleet.

DMG also said that it continues to expect to deploy all of its ordered 4,550 units of new Bitmain T21 miners in the June 2024 quarter. However, the company now plans to operate its T21 mining fleet in standard energy mode. As a result, its T21 fleet is expected to generate 0.86 exahashes per second (EH/s), with an efficiency of 19 Joules per Terahash (J/TH), compared to the initial expectation of 1.06 EH/s and 22 J/TH.

The company added that it has made its first visit to its new data center site with access to low-cost renewable energy in Canada. Execution of a binding agreement is in the works.

DMG gained 5.7% yesterday.