DON'T GIVE AWAY YOUR DMG SHARE BELOW $10IMPORTANT INFORMATION IN FEBRUARY 16 NEWS RELEASE: As previously reported, the Company has sufficient funds on hand to complete the retrofitting of the first 30 megawatts of infrastructure to immersion cooling, which will increase the Company's future bitcoin mining capacity to approximately 1.0 Exahash (EH/s) when complete as planned in the first half of 2021. Immersion cooling requires approximately 30% less bitcoin miners than air cooled for the same hashrate, leading to significant capital cost reductions over air cooled systems.
DMG expects completion of the facility’s retrofitting of the next 30MW to reach a total of 60MW in the second half of 2021. Upon completion of the infrastructure and retrofitting upgrades and access to power supply, DMG’s facility will then have a future capacity for approximately 2.0 Exahash of immersion cooled Bitcoin mining utilizing 60MW of power.
“DMG’s goal is to be the most efficient and technologically advanced mining company in the entire Bitcoin mining industry,” said DMG’s COO, Sheldon Bennett. “Our immersion cooling deployment initiative is just the beginning of numerous technological innovations to be developed and implemented by DMG as part of our rapid growth strategy in the coming years, and the best is yet to come.”
THE BEST IS YET TO COME: 2 EXAHASH AND BC PRICE OF $50M WILL NET $119 MILLION FOR DMG OR $1.10/SHARE. Assuming BC reaches $400M then multiply net income by 8 times or $8.80/share in 2022. Then use a PE ratio of 20 = $176/share potential net income in 2022. Conservatively lets use $1.10 x PE of 20 = $22/share likely at the end of Summer 2021. Markets always price forward so possibly DMG stock is a 10 bagger in 2021 and a 20 bagger in 2022 assuming it is not taken over at a higher price. Of course with this type of profitability potential DMG will be a powerhouse on its own. Hoping this helps to agree that DMG is an investment and shorts are manipulating the stock price to steal it from retail investors. DO NOT GIVE YOUR STOCK AWAY below $10.