Dmg Blockchain Solutions (DMGI) 2024 Annual Gateway Conference summary

Company overview and financials

• Operates as a Bitcoin miner and blockchain software developer, with a public listing since 2018.

• Headquarters and data center are located in British Columbia, utilizing hydro-based energy.

• Holds nearly CAD 40 million in cash and crypto, with CAD 111 million in total assets.

• Focuses on both mining (Core) and software/services (Core+), aiming for vertical integration.

Strategic direction and ecosystem development

• Targeting 1.7 exahash mining capacity by end of the current quarter, with a long-term goal of 3 exahash next year.

• Building a carbon-neutral Bitcoin ecosystem, including a pool for carbon-neutral miners and financial institutions.

• Plans to become Canada's second qualified digital asset custodian by year-end, leveraging Systemic Trust.

• Monetization through pool fees, transaction fees, and custody services, with a focus on premium carbon-neutral Bitcoin.

Technology and infrastructure

• Investing in direct liquid cooling for mining hardware to improve energy efficiency.

• Next major build-out will deploy 12 megawatts of hydro, expected by early next year, adding 0.75 exahash.

• Aims to reach 23 joules/terahash efficiency this quarter and 20 joules/terahash next year.

• Exploring AI colocation as a future growth area, supported by existing infrastructure.