Post by phoenix_traderon Sep 08, 2022 11:22am
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Post# 34949447
The buyer gets a 40% BTC production jump for US$8 mill
The buyer gets a 40% BTC production jump for US$8 millNo better value in the cryptp mining world.
Debt raise update; use of proceeds: DMG has no debt, but continues to consider opportunities for raising debt, mainly to accelerate the deployment in its Christina Lake mining facility of the Company's immersion cooling technology, which is expected to cost in the range of $10-15 million. Based on the benefits provided by immersion cooling, the deployment is expected to expand hashrate to 1.4 EH/s from 1.0 EH/s. DMG believes immersion cooling provides a very capital efficient way of growing hashrate and accordingly, Terra Pool's hashrate.