|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0741 - 0.0922|
|52 Week Range||0.0300 - 0.2000|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
DMG acquired these miners via equipment financing as opposed to any further dilutive equity financings. The Company’s 2020 goal, which requires additional financing, is 500 petahash of self-mining and DMG continues to provide hosting services to third party clients, in line with its blended model of hosting and self-mining.
Highlights: DMG adds 90 petahash towards its stated 2020 year-end goal of 500 petahash of self-miningDMG used the previously offered $2M available for financing this new.
In advance of its conference call tomorrow, DMG is providing an update on its outlook and plans for the fiscal years 2020 to 2023. DMG has raised its financial expectations to reflect stronger than anticipated market developments, with an expectation that trends will continue to significantly favor DMG’s business model in the years ahead, while remaining competitive in an increasingly innovation driven and energy cost dependent bitcoin mining industry. The Company expects its self-mining compute power to increase following the strong growth in bitcoin price.