• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Blockchain Market
    Blockchain News
    Blockchain Stocks
    • Blockchain Market
    • Blockchain News
    • Blockchain Stocks
    blockchain investing

    DMG Provides Year in Review Update

    Jocelyn Aspa
    Jan. 10, 2019 09:32AM PST
    Blockchain Investing

    DMG Blockchain Solutions (TSXV:DMGI) has announced provided a year in review update to its shareholders. As quoted in the press release: DMG’s strategy of hosting predominately crypto equipment on behalf of third parties has proven to be a wise one, as most of our competitors spent a great deal of capital on equipment that is …

    DMG Blockchain Solutions (TSXV:DMGI) has announced provided a year in review update to its shareholders.

    As quoted in the press release:

    DMG’s strategy of hosting predominately crypto equipment on behalf of third parties has proven to be a wise one, as most of our competitors spent a great deal of capital on equipment that is quickly nearing the end of its useful life. The crypto market is now readying itself for a new generation of technology that will be shipping soon and DMG is poised to become a preferred hosting location.

    DMG recently energized its 85-megawatt substation at our eastern British Columbia mining facility.

    DMG is capable of adding approximately 15 megawatts of hosting capacity every 6 – 8 weeks, to a near-term capacity of 60 megawatts under its current power configuration, expandable to 85 megawatts. What does this mean? It means that DMG now has the capacity to host between 40,000 and 50,000 individual ASIC miners, making DMG’s facility one of the largest such facilities in North America.

    DMG’s existing clients account for about 15 megawatts with approximately half of this having been recently added for a new Mining-as-a-Service (“MaaS”) client.

    Click here to read the full press release.

    dmg blockchain solutionsblockchain investingtsxv:dmgi
    The Conversation (0)

    Go Deeper

    AI Powered
    Canadian flag with geometric patterns overlaid.

    5 Best-performing Canadian Crypto Mining Stocks of 2024

    Tech Outlook

    Tech Outlook

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Blockchain Investing Stocks

    Torrent Capital

    TORR:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×