Post by
phoenix_trader on Aug 28, 2020 11:20am
MD&A today
Key differentiators for success in the mining market include access to low cost energy, miner efficiency, miner running uptime, and cost efficiency. During fiscal 2020, DMG has increased its access to 85 megawatts through its wholly owned electric substation and is continuing to seek additional sources of low-cost energy. DMG currently has 1,290 miners dedicated to self-mining and over 4,200 miners for hosting-mining and has plans to increase petahash to 500 by the end of 2020. DMG is proud of its record for 99% uptime, achieved through the exceptional efforts of its dedicated mining team. DMG has focused significant efforts to reduce costs and improve operations, resulting in 17% reduction in operating and maintenance costs over the prior period and a decrease of 10% in general and administrative costs over the prior period.
Comment by
Squashem on Aug 28, 2020 5:35pm
After all that we are still 8.5 cents...... No mention at all of hosting new mining clients... No mention of more miners being ordered to reach the 500 petash goal only 4 mths left in the yr and have to order and install roughly 3000 more miners to reach goal of 500... .