Tuesday, October 21, 2025

DMG Blockchain Expands Bitcoin Mining Capacity By 200 PH/s

DMG Blockchain (TSXV: DMGI) this morning announced the purchase of additional crypto miners. The firm has acquired 2,915 additional bitcoin ASIC miners, which have gone into immediate operation for the company.

The additional miners are set to add roughly 200 PH/s of computing power to the firms current capacity, with DMG indicating that there is the “possibility” of the firm acquiring an additional 2,500 more miners from the same supplier. The additional miners would add a further 170 PH/s of mining capacity to the company. Negotiations are reportedly ongoing with other suppliers as well as the company continues to retrofit its infrastructure.

The company currently has a 2021 capacity target of 2.0 EH/s, with infrastructure modifications currently underway to support such a capacity. Its 85 MW facility is expected to see 1.0 EH/s capacity by the end of the first half of the year following immersion cooling infrastructure being retrofitted to 30 MW of infrastructure. Further retrofitting in the second half of the year is expected to enable the company to hit this target.

DMG Blockchain last traded at $2.54 on the TSX Venture.


Information for this analysis was found via Sedar and DMG Blockchain Solutions. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

DMG Blockchain Expands Mining Capability With Additional 1,800 Crypto Miner Purchase

DMG Blockchain (TSXV: DMGI) this morning announced that it will be expanding its mining operations...

Tuesday, November 30, 2021, 08:05:34 AM

DMG Blockchain Acquires Additional Miners For Undisclosed Cost

DMG Blockchain (TSXV: DMGI) is expanding its crypto mining capacity. The company this morning announced...

Monday, April 19, 2021, 08:47:51 AM

HIVE Blockchain Nearly Doubles Bitcoin Mining Capacity

HIVE Blockchain Technologies (TSXV: HIVE) appears to be heavily focused on expansion, with the company...

Friday, November 6, 2020, 09:44:42 AM

DMG Blockchain Purchases 1,800 Additional ASIC Miners

DMG Blockchain Solutions Inc. (TSX-V: DMGI) announced today the purchase of additional 1,800 bitcoin ASIC...

Monday, April 26, 2021, 10:11:00 AM

DMG Blockchain Expects To File Delayed Financials By Month End, Provides Preliminary Data

DMG Blockchain (TSXV: DMGI) late last night published preliminary revenue guidance for the fourth quarter...

Friday, March 4, 2022, 07:32:31 AM