- DMG Blockchain Solutions (DMGI) has purchased an additional 1,800 bitcoin ASIC miners
- This acquisition furthers DMG’s “Core+” strategy by increasing the procurement of the newest generation equipment
- DMG’s CEO, Sheldon Bennett, will be participating in a cryptocurrency mining conference on April 27
- DMG also announces that it has issued 1,972,106 stock options to managing directors and employees
- DMG manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem
- DMG Blockchain Solutions (DMGI) opened trading at C$1.41 per share
DMG Blockchain Solutions (DMGI) has purchased an additional 1,800 bitcoin ASIC miners, increasing DMG’s total hashrate to well over 680 PH/s.
Delivery of these miners is expected to begin in August 2021 and continue for the next 12 months.
“As described during the company’s April 22, 2021 conference call, DMG continues to focus its Core+ strategy by increasing the procurement of newest generation equipment. Along with its Core strategy, DMG will work to transition these miners to immersion cooling to gain further efficiencies in power consumption and increased over all hashrate,” said DMG’s CEO, Sheldon Bennett.
“With the addition of these miners, along with our commitment to our Core+ strategy of investing and growing the Blockseer platforms, DMG continues to execute on its vertical integration.”
DMG’s CEO, Sheldon Bennett, will be participating in the H.C. Wainwright & Co. virtual conference “Cryptocurrency, Blockchain and FinTech Conference” on April 27 at 10 am ET, along with several peers. The cryptocurrency mining panel will explore financial adoption and regulation.
DMG also announces that it has issued 1,972,106 stock options to managing directors and employees at an exercise price of $1.41 for a three-year term.
DMG is a vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s businesses are segmented into three main divisions: data centre operations, data analytics and forensics and developing enterprise blockchains.
DMG Blockchain Solutions (DMGI) opened trading at C$1.41 per share.