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DMG Blockchain - CEO Sheldon Bennet & COO Steven Eliscu Q&A - Q2 Earnings & Outlook!
Manage episode 484597967 series 3570269
DMG Blockchain's CEO Sheldon Bennett and COO Steven Eliscu discuss Q2 earnings and their strategic pivot toward hydro cooling technology and AI infrastructure. We share insights on operational metrics, technological innovations, and our vision for integrating traditional cryptocurrency mining with advanced computing applications.
• Generated $12.6 million in revenue (up 9% from previous quarter) with 1,766.91 Bitcoin mined
• Fully deployed six megawatts of hydro cooling, bringing enhanced efficiency and preparing for AI capabilities
• Purchased two megawatts of SKIFF-rated (military-grade) AI data center infrastructure to target government contracts
• Current equipment pricing environment favorable at approximately $14 per terahash, allowing strategic growth without excessive capital requirements
• Pursuing "mullet mining" strategy: AI/HPC in the front, Bitcoin mining in the back to maximize infrastructure utilization
• Working to reduce debt while maintaining financial flexibility through our Bitcoin-backed loan facility
• Launching Blocks Explorer as a free public service to fill a gap in blockchain exploration tools
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
Chapters
1. Introduction to DMG Blockchain Q2 Earnings (00:00:00)
2. Operational Highlights and Hydro Cooling Expansion (00:01:29)
3. Running Immersion and Hydro Technology (00:09:01)
4. Machine Pricing and Market Changes (00:15:31)
5. AI Infrastructure and Government Contracts (00:23:55)
6. Systemic Trust Banking and Debt Management (00:34:06)
7. Bitcoin Mining Strategy and AI Integration (00:48:04)
8. Blocks Explorer Launch and Closing Thoughts (00:57:57)
309 episodes
Manage episode 484597967 series 3570269
DMG Blockchain's CEO Sheldon Bennett and COO Steven Eliscu discuss Q2 earnings and their strategic pivot toward hydro cooling technology and AI infrastructure. We share insights on operational metrics, technological innovations, and our vision for integrating traditional cryptocurrency mining with advanced computing applications.
• Generated $12.6 million in revenue (up 9% from previous quarter) with 1,766.91 Bitcoin mined
• Fully deployed six megawatts of hydro cooling, bringing enhanced efficiency and preparing for AI capabilities
• Purchased two megawatts of SKIFF-rated (military-grade) AI data center infrastructure to target government contracts
• Current equipment pricing environment favorable at approximately $14 per terahash, allowing strategic growth without excessive capital requirements
• Pursuing "mullet mining" strategy: AI/HPC in the front, Bitcoin mining in the back to maximize infrastructure utilization
• Working to reduce debt while maintaining financial flexibility through our Bitcoin-backed loan facility
• Launching Blocks Explorer as a free public service to fill a gap in blockchain exploration tools
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
Chapters
1. Introduction to DMG Blockchain Q2 Earnings (00:00:00)
2. Operational Highlights and Hydro Cooling Expansion (00:01:29)
3. Running Immersion and Hydro Technology (00:09:01)
4. Machine Pricing and Market Changes (00:15:31)
5. AI Infrastructure and Government Contracts (00:23:55)
6. Systemic Trust Banking and Debt Management (00:34:06)
7. Bitcoin Mining Strategy and AI Integration (00:48:04)
8. Blocks Explorer Launch and Closing Thoughts (00:57:57)
309 episodes
All episodes
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