DMG Provides Overview and Business Outlook for 2021 - Seite 2

Focusing on DMG’s Core Business - Christina Lake Data Center
DMG’s 2021 focus for its Christina Lake crypto mining operations is to complete its previously announced retrofitting from air to immersion cooling, increasing both its hosting and self-mining operations, as well as to provide DMG flexibility in managing capital expenditures.

Christina Lake Data Center - Immersion Retrofitting
Prototyping and testing of immersion has shown miner hashing rates increase up to 30%, allowing for significant reductions in the number of miners running for the same hashing performance. With the rising price and supply shortages of crypto miners, having the capital to deploy is just as important as deploying in immersion cooling to ensure mining performance is optimized for every dollar spent. Immersion cooling is not only reducing the number of miners needed to reach hashrate goals, but also extending the life of these assets and conserving the power used to run air cooling fans. DMG will provide further updates on this immersion cooling technology in the future after further testing is completed.

DMG will continue its testing in Q1 2021 as it begins major retrofitting of the data center from air cooling to immersion cooling. Through focusing on engineering, DMG will not need to alter the existing low voltage infrastructure used in air cooing. Instead, it will use the same footprint and incorporate immersion cooling tanks and piping, which are expected to save significantly on retrofitting costs and shorten time lines substantially.

“Our future crypto mining efficiency will be extraordinarily high, as we combine immersion cooling with Blockseer’s Mine Manager automation and DMG’s seasoned technical team operating the Christina Lake Data Center. I believe DMG will be challenging the crypto industry in the hashrate we will be producing relative to our power consumption and operational costs,” said DMG’s CTO, Adrian Glover. “For example, if any given number of miners would generate 1,000 petahash without immersion cooling, DMG is going to be able to realize at least 1,300 petahash from the exact same set of miners by implementing our immersion cooling technology.”