77Port
10月前
DMG, the little engine that could, looks like it's being set up to hit $.45, then breathes as a new handle forms, then $0.90, breathes, and waits for market to pull it up and over the all time high. Then it moves upward as a new spotlight on DMG lights up new potentialities which come into view. Perhaps new funding partners join, expanding their vision of blockchain safety or a takeover happens where a new company buys and upgrades the DMG model. Good times ahead, assuming the POW/BTC blockchain continues its climb to the top of the financial and AI foodchains.
Bruce the Stock Guy
1年前
$DMGGF..STRONG!>>>>>DMG Announces Preliminary March Operational Results
Bitcoin Mined: 32 BTC (vs 27 BTC in Feb 2025)
Hashrate: 1.82 EH/s (vs 1.71 EH/s in Feb 2025)
Bitcoin Holdings: 458 BTC (vs 443 BTC in Feb 2025)
Days non-firm power curtailed: 0 (vs 3 in Feb 2025)
DMG’s CEO, Sheldon Bennett, commented, “Despite a several-week delay relative to our prior guidance in achieving our 2.1 EH/s hashrate goal, we are pleased with the performance of our hydro mining equipment and expect to complete this phase of expansion shortly. While we continue optimizing the growth and efficiency of our Bitcoin mining fleet, our primary focus remains on securing high-value AI off-take agreements and attracting new clients for Systemic Trust and Terra Pool to advance our carbon neutral Bitcoin ecosystem. We believe these investments will maximize long-term shareholder value as we execute our strategy.”
trickledownfacists
2年前
DMG announces that it has established a relationship with Sygnum Bank, a Swiss bank specialized in servicing crypto-native companies, as a strategic banking partner providing US$9 million (equivalent) in a credit facility to increase its operational capacity ahead of the upcoming Bitcoin halvening expected in April 2024. The primary use of proceeds is for the purchase of 4,550 T21 190 TH/s bitcoin miners from Bitmain Technologies for US$12,103,000 (US$14/TH/s), which was previously announced in December 2023.
With a first financing tranche of US$5.6 million already disbursed, DMG has been able to fulfill part of its payment obligation to Bitmain without the need to liquidate its bitcoin holding. DMG believes that modest amounts of debt enable it to better optimize its balance sheet, especially as it can help maintain its healthy bitcoin holding as well as lower its weighted average cost of capital, both of which should be positive for shareholders. In addition to this US$9 million credit facility, DMG intends to use some of its existing cash towards the purchase of these miners from Bitmain.
The loan is interest bearing at an annual rate of 7.8% for an indefinite term. Sygnum has the right to terminate the agreement at any time, at which time the loan would be due immediately. The loan is secured against the Company’s digital currency assets of 237.8 BTC, which are pledged and deposited with Sygnum. Because the collateral is subject to fluctuations in value, the Company may be required to provide additional collateral in order to restore the security margin on the loan. DMG may repay the amount of debt outstanding at any time.
DMG’s CEO Sheldon Bennett commented, “We are very happy to announce this partnership with Sygnum as a strategic banking partner. We look forward to working closely with Sygnum Bank, as its mission includes decarbonization of the Bitcoin ecosystem, a value which we very much share.”
Néstor Palao, Sygnum Bank’s Head of DLT & Corporate Clients commented, “As we see our footprint in the Bitcoin mining ecosystem growing and including several leading publicly listed players, Sygnum is pleased to work with DMG Blockchain Solutions in providing tailored service for its banking and lending needs and support growth in carbon-neutral crypto asset mining.”
77Port
2年前
The little engine DMG that could did it again.
As the halving separates the wheat from the chaff, the time will come when this little engine of good sense may get bought because it's a diamond. When the froth gets exciting, DMG will, hopefully, be seen as one of the few strong companies, even though it's small compared to other mining groups. Small but mighty because they understand real accounting as opposed to phoney baloney accounting. I'd suggest $10 per share to be reasonable. Possibly double that.
Feb 15, 2024
DMG Relationship with Sygnum Bank to Provide Credit Facility
DMG Blockchain Solutions announces that it has established a relationship with Sygnum Bank, a Swiss bank specialized in servicing crypto-native companies, as a strategic banking partner providing US$9 million (equivalent) in a credit facility to increase its operational capacity ahead of the upcoming Bitcoin halvening expected in April 2024. The primary use of proceeds is for the purchase of 4,550 T21 190 TH/s bitcoin miners from Bitmain Technologies for US$12,103,000 (US$14/TH/s), which was previously announced in December 2023.
With a first financing tranche of US$5.6 million already disbursed, DMG has been able to fulfill part of its payment obligation to Bitmain without the need to liquidate its bitcoin holding. DMG believes that modest amounts of debt enable it to better optimize its balance sheet, especially as it can help maintain its healthy bitcoin holding as well as lower its weighted average cost of capital, both of which should be positive for shareholders.
About DMG
DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.
Blockseer/Core+
Blockseer blockchain software products help enable crypto adoption and growth.
Terra Pool
Terra Pool, enabled by Blockseer software, is the world's first Bitcoin mining pool focused on carbon neutral energy and clean block mining.
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77Port
3年前
No disrespect intended. I assume this was meant to be a wee bit funny. Quote: "Similar to Dogecoin, Pepecoin’s value is primarily driven by social media hype, rather than serving a specific utility within the blockchain ecosystem."
Funny. So, Pepe and Doge are kind of like stepping on wet toilet paper and then having it trail behind as one walks away. Lot's of things are like this. In fact, most advertising adds no actual value to anything. Mostly, it's all simply ways of manipulating people to do something.
DMG is not anything like these silly, empty, valueless pieces of nothing. DMG has built value within the blockchain ecosystem and has consistently grown toward more value.
DMG has a product one can touch, buy and hold onto.
77Port
5年前
100% true. DMG was one of the few companies which understood that creative disruption, such as blockchain technology, would not stand as a license to steal from innocent people who wouldn't know how to close the doors to their own accounts.
Just imagine a bank manager telling you it's your fault when you find your own bank accounts empty. Such thinking is madness.
The Company, Coinbase, is a perfect example. Many people have had their Coinbase accounts drained while Coinbase tells them its not their concern.
Let's hope DMG can charge companies like Coinbase a fortune helping to make account holders whole. How? By perfecting the mapping software so that stolen property can be tracked as easily as payments, brightly showing where stolen goods are stored.
The sick notion that stealing is creative or wealth building is genuinely f'ed up. Come on DMG, show the world how blockchain can make the world a normal place again.
77Port
5年前
Glad they're doing something, even if shared. DMG needs to get the juices flowing. The other miners are all running fast to keep up with the competition, making DMG feel a bit slow compared to the many others. I've sometimes wondered if they're just waiting to be purchased by the likes of Mara, HVBT, etc. Not sure when it happens, but in many industries, the small quality businesses often get bought by the larger hungry ones. I like that DMG works so well with MARA. Wouldn't mind waking up someday to a MARA buyout. Lets wait, though, until the SP is about $20-$25.
Alaskadug
5年前
DMG Blockchain Set To Join Marathon’s Bitcoin Mining Pool, MaraPool
Source: GlobeNewswire Inc.
Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that DMG Blockchain, (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX), a vertically integrated blockchain and cryptocurrency technology company, will become the first North American Bitcoin miner, excluding Marathon, to join Marathon’s mining pool, MaraPool.
On Monday September 13, 2021, DMG Blockchain will begin pointing 100% of its hash rate towards MaraPool, as the pool opens to additional Bitcoin mining companies. MaraPool is a U.S.-based Bitcoin mining pool that is focused on reducing the environmental impact of Bitcoin mining through carbon neutral mining. The pool, which is fully audited by a third-party firm in the U.S., provides its members with industry leading transparency, an intuitive reporting system, and access to exclusive services from NYDIG.
“After experiencing difficulties with mining pools outside the U.S., we decided to launch our own pool that would reflect the values and needs of enterprising North American Bitcoin miners,” said Fred Thiel, Marathon’s CEO. “After many months of testing, we have now opened the pool to other Bitcoin miners that share our beliefs and our desire to improve miners’ processes. DMG Blockchain has long been an innovator in this regard, having worked closely with us on this initiative, and we are pleased to welcome them to MaraPool.”
Sheldon Bennett, DMG Blockchain’s CEO, added, “Marathon has consistently remained at the forefront of not only scaling but professionalizing the Bitcoin mining industry. Their mining pool, which leverages our industry-leading software, is no different. While many mining pools lack transparency and accountability, MaraPool excels at both. We believe that being part of MaraPool will improve our operations, and we look forward to benefiting from this change.”
On September 9, 2021, Marathon will be promoting MaraPool’s features and benefits at Bitmain’s Digital Mining Energy Conference in Miami, FL. To learn more about MaraPool, or to apply to join, visit marapool.com.
Alaskadug
5年前
DMG Blockchain is the First to Join MaraPool
Source: GlobeNewswire Inc.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces today that DMG has become the first Canadian Bitcoin miner to join the mining pool of Marathon Digital Holdings, Inc. (Nasdaq:MARA) commonly referred to as MaraPool.
MaraPool is a U.S.-based Bitcoin mining pool that is fully audited by a third-party firm in the U.S. The pool provides its members with industry leading transparency, an intuitive reporting system, and access to exclusive services from NYDIG. On September 13, 2021 DMG will begin pointing 100% of its hashrate towards the MaraPool. Upon DMG being the first to join, MaraPool will then be open to additional Bitcoin mining companies.
Sheldon Bennett, DMG Blockchain’s CEO, said, “Marathon has consistently remained at the forefront of not only scaling but professionalizing the Bitcoin mining industry. Their mining pool, which leverages our industry-leading software, is no different. While many mining pools lack transparency and accountability, MaraPool excels at both. We believe that being the first to join shows our confidence in MaraPool, and we look forward to others joining and benefiting from MaraPool as well.”
“After experiencing difficulties with mining pools outside the U.S., we decided to launch our own pool that would reflect the values and needs of enterprising North American Bitcoin miners,” said Fred Thiel, Marathon’s CEO. “After many months of testing, we have now opened the pool to other Bitcoin miners that share our beliefs and our desire to improve miners’ processes. DMG Blockchain has long been an innovator in this regard, having worked closely with us on this initiative, and we are pleased to welcome them to MaraPool.”
DMG to Present at H.C. Wainwright 23rd Annual Investment Conference
In addition, Mr. Bennett will present at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference, which is being held virtually from September 13 – 15, 2021. He will deliver the corporate presentation, which will become available beginning on September 13 at 7:00 AM ET. Investors can register for the conference here: www.hcwevents.com.
Mr. Bennett will also be available for one-on-one meetings throughout the conference.
About DMG Blockchain Solutions Inc.
DMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into three main divisions: data centre operations, data analytics and forensics and developing enterprise blockchains. DMG’s non-polluting data centre operations focus on earning eco-friendly revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients entirely powered by renewable energy. DMG’s data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager and Walletscore, as well as working with auditors, law firms, and law enforcement organizations. DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG’s strategy is to become the domain experts across the business verticals it focuses on. DMG’s environmentally committed management team includes seasoned crypto experts, forensic & financial professionals and blockchain developers with deep relationships throughout the industry and a strong ecological consciousness.
Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of Bitcoin, and future operational results could also be materially affected by the price of Bitcoin and an increase in hashrate mining difficulty.
For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
Follow @dmgblockchain on Twitter and subscribe to DMG's YouTube channel.
On behalf of the Board of Directors,
Sheldon Bennett, CEO and Director
For further information, please contact:
DMG Blockchain Solutions Inc.
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
Investor Relations Contact:
CORE IR 516-222-2560
For Media Inquiries:
Jules Abraham, Head of Public Relations
CORE IR
917-885-7378
julesa@coreir.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
About Marathon Digital Holdings
Marathon is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.
Marathon Digital Holdings Company Contact:
Charlie Schumacher
Telephone: 800-804-1690
Email: charlie@marathondh.com
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