4550 new Bitcoin Miners being purchased. In a further newsrelease yesterday to me this is pretty good news. Deposit paid and the company has the potential pay for the complete order from cash and by liquidating some of the bitcoins presently owned.
They may choose to use other financing but do not have to.
Have been pleased to see the share price moving up and personally a bit surprised at the fall back with Bitcoin still climbing but markets do not always respond according to the rationality of my mind.
Traders can move markets in ways I do not understand but looking back at the chart from the last three years, I am expecting a greater move. Weeeee'll see ,
(“DMG”), a vertically integrated blockchain and cryptocurrency technology company, announces it has signed an agreement with Bitmain Technologies to purchase 4,550 T21 190 TH/s bitcoin miners for US$12,103,000 (US$14/TH/s). Financing of the purchase may be through existing cash/liquidated bitcoin, debt or a combination of both.
DMG Purchases Bitmain T21 Bitcoin Miners for up to 1 EH/s of New Hashrate
DMG expects shipment of its T21 miners in the March quarter of 2024; terms of the purchase are 10% downpayment (already paid) with the balance due in the month prior to shipment. As the T21 natively supports a high-energy (overclocked) mode to 233 TH/s (with a modest decrease in efficiency from 19 J/TH to 22 J/TH), which DMG expects to utilize, the Company may be able to realize from this purchase up to 1.06 EH/s (subject to equipment receipt, installation and full operation), which is comparable with DMG’s current hashrate. Delivery to DMG’s Christina Lake data center facility is subject to change given macro factors including but not limited to shipping logistics and customs processing.