Dmg Blockchain S Stock Price, News & Analysis

DMG Blockchain Solutions Inc. (DMGGF) updates its Core+ operations, focusing on its Blockseer software platforms. Blockseer’s Pool, using licensed tech, operates over 1 Exahash, potentially generating $45,000 in weekly fees from mining. This pool is now an active revenue generator, expected to yield around 225 bitcoin monthly. The company plans to expand Blockseer with new products like Breeze and Freeze, and intends to integrate crypto exchange capabilities. CEO Sheldon Bennett highlighted the importance of these developments for future growth.

DMG Blockchain Solutions announces the acquisition of 1,800 additional bitcoin ASIC miners, which will increase its total hashrate to over 680 PH/s. The miners are expected to be delivered starting August 2021 over the next year. DMG continues to focus on its Core+ strategy, aiming to enhance efficiency through immersion cooling technology. CEO Sheldon Bennett will participate in the Cryptocurrency Mining Panel on April 27, 2021. Additionally, DMG issued nearly 2 million stock options to employees at an exercise price of $1.41 for three years.

DMG Blockchain Solutions has announced the acquisition of 3,600 bitcoin ASIC miners, boosting its total hashrate to over 500 PH/s. The delivery of these miners is expected to start in August 2021 and continue for the next year. The company is actively negotiating further purchases to meet its 2021 hashrate goals. DMG's focus remains on leading advancements in cryptocurrency mining, particularly through immersion cooling and its software platforms. Additionally, the company plans to explore more Bitcoin mining sites to enhance growth into 2022.

DMG Blockchain Solutions will host an update call on April 22, 2021, at 4:30 pm ET, led by CEO Sheldon Bennett. Participants must pre-register to receive the dial-in details. The call will also be accessible via live webcast, and a recorded replay will be available until May 6, 2021. DMG operates a sustainable blockchain ecosystem focused on eco-friendly bitcoin mining, data analytics, and developing enterprise blockchains. However, the company cautions that future performance may be affected by Bitcoin's price and network mining difficulties.

Marathon Digital Holdings and DMG Blockchain Solutions have finalized a licensing agreement to utilize DMG's Blockseer technology for the new Digital Currency Miners of North America (DCMNA) pool, ensuring compliance with U.S. regulations. Marathon plans to direct its entire hashrate, approximately 10.37 EH/s, to this mining pool by Q1 2022. The agreement includes a $500,000 share compensation to DMG, monthly fees based on pool performance, and technical support. Additionally, DMG has undergone executive changes, appointing Sheldon Bennett as CEO and adding Steven Eliscu to its board.

DMG Blockchain Solutions Inc. has announced the immediate purchase and operation of 2,915 bitcoin ASIC miners, adding approximately 200 PH/s to its mining capacity. This follows ongoing efforts to retrofit its facilities to immersion cooling technology, aiming for a total output of 2.0 EH/s by the end of 2021. DMG is also negotiating further purchases to enhance its mining capabilities. The company continues to develop its software solutions, aiming to integrate cryptocurrency transactions with traditional finance.

DMG Blockchain Solutions Inc. has announced a new Bitcoin accumulation strategy to enhance its BTC treasury. The company has purchased approximately 220 BTC through exchanges and OTC trades, with plans to continue acquiring Bitcoin based on market conditions. DMG's COO highlighted the strategy's role in diversifying monetary holdings away from cash, as demand for Bitcoin is expected to rise amid institutional adoption. Over the long term, DMG aims to mine Bitcoin and hold it as a treasury asset, leveraging its blockchain operations for revenue growth.

DMG Blockchain Solutions has engaged CORE IR, a strategic advisory firm, to enhance its investor relations and public communications. The firm will help DMG expand market awareness and effectively communicate its growth strategies over a twelve-month agreement. DMG will pay CORE IR a monthly fee of $15,000 and grant stock options for 200,000 shares at $3.00 CAD each. DMG's COO will participate in the Crypto/Blockchain panel at the 33rd Annual Roth Conference on March 16, discussing the cryptocurrency mining industry.

DMG Blockchain Solutions Inc. (DMGGF) has updated its intellectual property (IP) status, highlighting its patent-pending technologies related to blockchain analytics and compliance. Blockseer, DMG's subsidiary, offers innovative solutions for tracking cryptocurrency transactions. The company emphasizes its first-mover advantage in compliance technologies amid increased institutional interest in Bitcoin. DMG plans to monetize Blockseer’s Pool Technology through licensing and partnerships, enhancing transparency in mining pools, which face regulatory challenges.