DMNT
Industry:
Other

DESCRIPTION

DMINT is a small, early-stage Bitcoin mining company operating out of a single owned facility in Selmer, Tennessee. Bitcoin mining involves running specialized computers (ASIC miners) that validate Bitcoin transactions, earning newly minted Bitcoin as a reward. DMINT then sells that mined Bitcoin on Coinbase to fund operations — its sole source of revenue. DMINT owns 1,000 ASIC miners but can only operate 400 at a time due to electrical infrastructure limits at its facility, drawing 0.65MW of power. To reduce the variability of mining rewards, DMINT participates in the Foundry USA mining pool, which combines hashrate across members and distributes rewards proportionally. Revenue depends on DMINT's active hashrate, global network difficulty, Bitcoin's price, and the block reward set by the Bitcoin protocol — which was halved in April 2024. The primary cost is electricity, sourced from Pickwick Electric in Tennessee at roughly $0.097–$0.101 per kWh. DMINT's growth plan involves two phases: first, expanding electrical capacity to run all 1,000 owned miners, then purchasing an additional 4,000 miners to reach 5,000 total, requiring a power expansion to 85MW and at least $15M in IPO proceeds. DMINT is also pursuing a Bitcoin treasury strategy, intending to hold mined Bitcoin as a reserve asset rather than selling immediately. The company has been entirely funded by its parent, The OLB Group, and carries a going concern qualification.

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