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Seeking Alpha 2022-03-04 11:34:00

DMG Blockchain sees Q4 coin production growth of 600% Q/Q

DMG Blockchain Solutions (OTCQB:DMGGF) Q4 mining capacity increased amid receipt of new crypto miners thereby leading to expected consolidated revenue to be in the range of $3.5-4M compared to $1.7M in 3Q21. DMG’s unaudited coin production are seen between 47-50 BTC, depending on network difficulty and overall mining hashrate, a significant gain of just under 600% from Q3's production numbers of 7.16 BTC. The company expects Q4 average hashrate of ~280 Ph/s which is a 229% gain when compared 85 Ph/s at the end of Q3. DMG has ordered 7,850 S19j Pros and 1.8K S19 XPs Bitcoin miners from Bitmain for a total hashrate of 1,037 PH/s; currently, DMG is operating an average of 510 PH/s and has received ~50% of its hashrate orders. Earnings are scheduled to be released in March.

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