cover of episode DMG Blockchain - CEO Sheldon Bennet & COO Steven Eliscu Q&A - Q2 Earnings & Outlook!

DMG Blockchain - CEO Sheldon Bennet & COO Steven Eliscu Q&A - Q2 Earnings & Outlook!

2025/5/24
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Power Mining Analysis

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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 toolsSign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter