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DMG Blockchain Expands Mining Capacity and Efficiency

DMG Blockchain Expands Mining Capacity and Efficiency

DMG Blockchain Solutions (TSE:DMGI) has released an update.

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DMG Blockchain Solutions Inc. is expanding its mining operations, with the first four out of 54 planned containers already energized at the Christina Lake facility, anticipating full operation by June 2024. The company will deploy 4,550 Bitmain T21 miners, adjusting its mining strategy for greater efficiency and consistent hashrate production. Additionally, progress is being made on a new data center site, promising low-cost renewable energy, with further details pending definitive agreements and regulatory approvals.

For further insights into TSE:DMGI stock, check out TipRanks’ Stock Analysis page.

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