Welcome to our dedicated page for DMG BLOCKCHAIN news (Ticker: DMGGF), a resource for investors and traders seeking the latest updates and insights on DMG BLOCKCHAIN stock.
DMG Blockchain Solutions reports news on its vertically integrated blockchain and data center technology business, including Bitcoin mining operations, hashrate, bitcoin holdings, energy costs and quarterly financial results. The company develops, manages and operates platform solutions for the digital asset ecosystem through Core and Core+ activities, with recurring updates tied to its Christina Lake data center in British Columbia.
Company news also covers data center power capacity, cooling technology, high-security compute infrastructure, and the expansion of DMG’s platform toward high-performance AI and sovereign compute. Other recurring subjects include Systemic Trust Company’s digital asset custody role and Blockseer Explorer, the company’s Bitcoin blockchain explorer.
DMG Blockchain Solutions has appointed John M. Place as an independent director, bringing extensive legal and compliance experience to the board. Place's background includes corporate governance and compliance roles, and he is currently with Export Development Canada. The company’s CEO, Sheldon Bennett, will also participate in the B. Riley Crypto Conference on December 8, 2021, offering one-on-one meetings with investors. DMG aims to enhance its leadership and compliance capabilities while promoting its sustainable blockchain solutions.
DMG Blockchain Solutions has announced the purchase of 1,800 Bitmain Antminer S19 XPs, expected to significantly boost its Bitcoin mining capacity. With the current operating hashrate at 360 Ph/s, DMG anticipates exceeding 400 Ph/s by December 2021. The new miners will contribute an additional 252 Ph/s, bringing the total hashrate to over 1 Eh/s. The shipment is scheduled to commence in July 2022. Additionally, 2,845,750 stock options were granted to directors and employees, exercisable over three years at $1.20 per share.
DMG Blockchain Solutions Inc. announced successful transactions with Zodia Custody using its Blockseer platform, Petra. The new function enhances optionality in crypto transactions, including KYC and AML checks, with tests completed on October 11, 2021. Petra emphasizes transactions routed through carbon-neutral facilities, promoting sustainability in crypto operations. CEO Sheldon Bennett highlighted that Petra fulfills institutional demands for governance and regulatory compliance. This partnership signifies a milestone towards broader institutional crypto adoption, aligning with ESG goals.
DMG Blockchain Solutions has announced its entry as the first Canadian Bitcoin miner into Marathon Digital Holdings' MaraPool, a fully audited U.S.-based Bitcoin mining pool. Starting September 13, 2021, DMG will direct its entire hashrate to the pool, which emphasizes transparency and accountability. This partnership aims to innovate and enhance the mining experience for North American miners. CEO Sheldon Bennett expressed confidence in MaraPool's capabilities.
DMG will also present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, highlighting its corporate strategies and technological advancements.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) is set to hold a conference call on September 1, 2021, at 5:00 PM ET to review its third quarter financial results. DMG will release its financials on August 30, 2021, after market close. Participants must pre-register for the call, with options for both internet and telephone access. The call will feature pre-submitted questions and will be available for replay for limited time post-event. DMG is involved in blockchain and cryptocurrency solutions, focusing on eco-friendly mining and enterprise software development.
DMG Blockchain Solutions Inc. has appointed Heather Sim as the new Chief Financial Officer, succeeding Ryan Cheung, alongside John Kim as Corporate Secretary. Heather Sim, a CPA, has been instrumental in DMG's public reporting for the past two years, while John Kim brings over 23 years of corporate experience. The company is also set to engage in two virtual investor conferences from August 17 to 19, 2021, where CEO Sheldon Bennett will present and hold one-on-one meetings with investors.
DMG Blockchain Solutions (OTCQB: DMGGF) has announced a $2 million strategic investment in Bosonic Inc., enhancing its ability to provide institutional blockchain services. The investment aims to foster cryptocurrency adoption among institutions by leveraging Bosonic's innovative technology for eliminating counterparty risks in digital asset transactions.
CEO Sheldon Bennett expressed that this partnership aligns with DMG’s vision of providing advanced financial services and integrating their Blockseer ecosystem, potentially leading to increased revenue streams from new clients and product offerings.
DMG Blockchain Solutions has secured a hosting agreement for 2,000 Bitcoin miners, which will enhance its hashrate by an additional 220 PH/s. These miners, the latest Antminer S19 Pro models, operate using clean hydroelectric energy. CEO Sheldon Bennett highlighted the strategic importance of this deal for DMG’s Core Infrastructure strategy, aiming to strengthen relationships with long-term hosting clients and expedite capital deployment for future projects. This move positions DMG to leverage increased Bitcoin network activity while adhering to sustainable practices.
DMG Blockchain Solutions (OTCQB: DMGGF) has announced a $30K investment in Black Box Manufacturing, obtaining a 15% equity stake. This partnership will enable DMG to enhance its infrastructure for crypto mining, promising faster lead times and cost-effective manufacturing. DMG plans to integrate local manufacturing to support its growing operations, especially in immersion cooling systems at its 80 MW Christina Lake data center. The initial order includes 450 custom power channels, increasing capacity for modern ASIC bitcoin miners.
DMG Blockchain Solutions announced the purchase of 2,450 Bitcoin ASIC miners from Bitmain, aiming to enhance mining capacity by 245 PH/s by August 2021. These miners, expected to yield 50 Bitcoins monthly, will pay back within nine months, aligning with DMG’s ROI strategy. The company currently holds approximately 260 Bitcoins and emphasizes a commitment to sustainability through its partnership with Terra Pool.