DMG Blockchain Solutions Inc V.DMGI

RE:RE:RE:Value compare MARA v.s DMGI, DMG wins handily

[phoenix_trader]

Hut 8 (Market Cap Cdn$ 810 Mill) reports April production of 309 BTC (March 345 BTC).  DMGI (Market Cap Cdn$ 79 Mill) reported Apil production of 88 BTC March 75 BTC).

HUT'S PR today:

• 309 Bitcoin were mined, resulting in an average production rate of 10.3 Bitcoin per day
• Our Ethereum mining - for which we receive payment in Bitcoin - generated approximately 15% of our total production, at an average cost of less than C$3200 per Bitcoin
• 100% of the self-mined Bitcoin for the month of April were deposited into custody, consistent with Hut 8's HODL strategy
• Total Bitcoin balance held in reserve is 6,769 as of April 30, 2022
• Installed operating capacity currently sits at 2.58 EH/s

Additional updates for March 2022:

• Our mining up-time was curtailed for a few days in April
  • As unseasonable weather drove increased power demand from residents and businesses, we reduced our consumption to ensure a steady supply on the grid
  • We limited our consumption when the price of power supplied to our Drumheller facility spiked
• April marked the last month that Hut 8 hosted miners; the company's operations became 100% self-mined on May 1, 2022

"Our upgraded machines allow us to be as nimble and efficient as possible," said Jason Zaluski, VP of Strategic Technologies, Hut 8. "Although April was unseasonably cold, limiting our mining during a few snowstorms, we were able to increase our hashrate."