Integrated blockchain and cryptocurrency technology company, DMG Blockchain Solutions Inc (OTCMKTS:DMGGF) on 29th July announced engagement with a new client for hosting 2,000 Bitcoin miners.
The miners will arrive at DMG’s 85 megawatt Christina Lake, BC Data Centre this week and the firm plans to install all miners that would be managed DMG’s Blockseer Mine Management software.
Comprising of S19 Pro miners operating S19 Pro miners at a speed of 110 TH/s consuming 3,250 watts of clean (hydroelectric) energy, the Antminer S19 Pro Series is latest generation of miners that will ensure long-term operations.
DMG’s CEO Sheldon Bennett said that the agreement along with the company’s recent buy of 2 ,450 ASIC miners will allow the company to develop relationships with long-term hosting clients. Benett added that this would also conserve capital and reduce deployment time through ready clients for deploying quick capital on its projects.
The ESG friendly company also announced a US$2-million strategic investment in leading Silicon Valley technology company, Bosonic Inc.
Based on San Francisco, California, Bosonic gives critical infrastructure removing counterparty credit as well as settlement risk in Digital Asset Markets. Focused on increasing development of Blockseer Core+ strategy, the investment will facilitate access to two primary technology infrastructures- institutional exchange as well as blockchain-powered clearing and settlement solutions.
Sheldon said that the new partnership will help the firm develop more financial service-related functionality for the Blockseer Ecosystem. Rosario Ingargiola, CEO and founder of Bosonic, said that the partnership will accelerate adoption of cryptocurrencies by institutions and will set a new standard for ESG conscious investors interested in digital assets.
Market Reaction:
On Thursday, DMGGF stock moved up 0.72% at $0.6761 with more than 218k shares, compared to its average volume of 766K shares. The stock has moved within a range of $0.6450 – 0.6954 after opening the trade at $0.65. Over the past 52-week, the stock has been trading within a range of $0.0540 – 4.5100.
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