Climate Change Data

DMG Blockchain Solutions

Climate Impact & Sustainability Data (2024-03, December 2022)

Reporting Period: 2024-03

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Delay in expansion of the Christina Lake facility
  • Custodian Prime Trust placed into receivership, impacting digital currency access
  • Uncertainty around ETH held with Prime Trust
Mitigation Strategies
  • Assets classified as held for sale to optimize operations and reallocate resources
  • Management assessed recoverability of assets held with Prime Trust
  • Allowance recorded for bad debt expense related to failed BTC trades

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: December 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:60 megawatt operation (Christina Lake Data Centre)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Green Mining
  • Regulatory Compliance
  • Transparency

Environmental Achievements

  • Launched Terra Pool, the world’s first green bitcoin mining pool
  • First signatory of Crypto Climate Accord with Argo Blockchain
  • Implementation of immersion cooling technology reducing electricity consumption by up to 18%

Social Achievements

  • Not disclosed

Governance Achievements

  • Launched Blockseer Pool, world’s first pool that meets OFAC standards.
  • Transparency on energy consumption

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Grow to 2 EH/s hashrate using next-gen miners and immersion cooling
Short-term Goals:
  • Expand 1 EH/s hashrate by 40% using immersion cooling

Environmental Challenges

  • Regulatory uncertainties
  • Market conditions and the demand and pricing for our products
  • The demand and pricing of bitcoins
  • Security threats, including a loss/theft of DMG’s bitcoins
  • Equipment failures, lack of supply of equipment, power and infrastructure
  • Failure to obtain any permits required to operate the business
  • The impact of technology changes on the industry
  • The impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel
  • Competition
  • Decrease in the price of Bitcoin and other cryptocurrencies
  • Increase in difficulty rate when mining Bitcoins
  • Failure to develop new and innovative products
  • Litigation
  • Increase in operating costs
  • Increase in equipment and labor costs
  • Failure of counterparties to perform their contractual obligations
  • Government regulations
  • Loss of key employees and consultants
  • General economic, market or business conditions
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Terra Pool
  • Blockseer Pool
  • Immersion cooling technology

Awards & Recognition

  • Not disclosed