- DMG Blockchain Solutions Inc. (DMGI) has launched a renewable energy Bitcoin mining pool partnership with Argo Blockchain PLC
- Terra Pool is open to the general Bitcoin mining public using DMG’s Blockseer technology
- It allows members to showcase clean energy operations and creates new bitcoin from renewable energy sources
- DMG believes Terra Pool has many financial and functional advantages over existing pools
- DMG Blockchain Solutions Inc. (DMGI) is unchanged trading at $0.25 per share as of 2:55 p.m. ET
DMG Blockchain Solutions (DMGI) has launched the Terra Pool, a renewable energy Bitcoin mining pool partnership with Argo Blockchain PLC.
According to DMG, Terra Pool is open to the general Bitcoin mining public and has been developed using DMG’s Blockseer technology, is a unique Bitcoin mining pool focused on clean energy. The pool allows its members to showcase clean energy operations and creates new bitcoin from renewable energy sources.
“The opportunity to further scale Terra Pool provides the market with a readily available supply of ‘green’, clean-mined bitcoin… Financial institutions have expressed interest in this scarce asset,” DMG CEO, Sheldon Bennett, said.
A year ago, DMG and Argo Blockchain announced Terra Pool’s joining the Crypto Climate Accord to accelerate its solutions that decarbonize crypto mining and the blockchain sector and are the first two participants of the accord.
DMG believes Terra Pool has many advantages over existing pools due to its goal of 100 per cent clean renewable energy power sources from each miner and monetization of Terra Pool-created bitcoin, which may develop a premium.
“With less than 2 million, of 21 million total, bitcoin left to be mined, we believe Terra Pool-mined bitcoin will be in high demand,” Bennett said.
Terra Pool also includes annual audits by an independent third-party to help provide greater transparency of pool operations, as well as an association with other clean energy miners rather than those supporting carbon-intensive energy sources.
DMG Blockchain Solutions Inc. (DMGI) is unchanged trading at $0.25 per share as of 2:55 p.m. ET.