DMG Blockchain Solutions Announces Purchase of Reactor.xyz to Offer Hashrate Contracts
DMG Blockchain Solutions has acquired Reactor.xyz from Navier, Inc., enhancing its blockchain ecosystem with automated hashrate contract management capabilities. Reactor's patented balancing algorithm ensures reliable hashrate delivery, allowing Bitcoin miners to sell hashrate directly to buyers for upfront payments. DMG has increased its hashrate to 1.6 EH/s, representing a 50% monthly growth. The integration with Terra Pool will enable the offering of carbon-neutral hashrate contracts, potentially commanding premium pricing. The platform can handle hashrate deliveries ranging from 100 TH/s to over 1 EH/s.
DMG Blockchain Solutions ha acquisito Reactor.xyz da Navier, Inc., potenziando il suo ecosistema blockchain con capacità di gestione automatizzata dei contratti di hashrate. L'algoritmo di bilanciamento brevettato di Reactor garantisce una consegna di hashrate affidabile, permettendo ai miner di Bitcoin di vendere hashrate direttamente agli acquirenti per pagamenti anticipati. DMG ha aumentato il suo hashrate a 1.6 EH/s, rappresentando una crescita mensile del 50%. L'integrazione con Terra Pool consentirà l'offerta di contratti di hashrate carbon-neutral, con la possibilità di ottenere prezzi premium. La piattaforma può gestire consegne di hashrate che variano da 100 TH/s a oltre 1 EH/s.
DMG Blockchain Solutions ha adquirido Reactor.xyz de Navier, Inc., mejorando su ecosistema blockchain con capacidades de gestión automatizada de contratos de hashrate. El algoritmo de balanceo patentado de Reactor asegura una entrega confiable de hashrate, permitiendo a los mineros de Bitcoin vender hashrate directamente a los compradores a cambio de pagos anticipados. DMG ha aumentado su hashrate a 1.6 EH/s, lo que representa un crecimiento mensual del 50%. La integración con Terra Pool permitirá ofrecer contratos de hashrate carbono-neutros, potencialmente con precios premium. La plataforma puede manejar entregas de hashrate que varían de 100 TH/s a más de 1 EH/s.
DMG 블록체인 솔루션이 Navier, Inc.로부터 Reactor.xyz를 인수하여 자동화된 해시레이트 계약 관리 기능으로 블록체인 생태계를 강화했습니다. Reactor의 특허받은 밸런싱 알고리즘은 안정적인 해시레이트 제공을 보장하여 비트코인 채굴자가 해시레이트를 직접 구매자에게 선불로 판매할 수 있도록 합니다. DMG는 해시레이트를 1.6 EH/s로 증가시켜 월 50% 성장률을 기록했습니다. Terra Pool과의 통합은 탄소 중립 해시레이트 계약 제공을 가능하게 하여 프리미엄 가격을 받을 수 있는 잠재력을 제공합니다. 이 플랫폼은 100 TH/s에서 1 EH/s 이상의 해시레이트 전달을 처리할 수 있습니다.
DMG Blockchain Solutions a acquis Reactor.xyz auprès de Navier, Inc., renforçant ainsi son écosystème blockchain avec des capacités de gestion automatisée des contrats de hashrate. L'algorithme d'équilibrage breveté de Reactor assure une livraison fiable de hashrate, permettant aux mineurs de Bitcoin de vendre directement du hashrate à des acheteurs pour des paiements anticipés. DMG a augmenté son hashrate à 1.6 EH/s, représentant une croissance mensuelle de 50%. L'intégration avec Terra Pool permettra d'offrir des contrats de hashrate neutres en carbone, commandant potentiellement des prix premium. La plateforme peut gérer des livraisons de hashrate allant de 100 TH/s à plus de 1 EH/s.
DMG Blockchain Solutions hat Reactor.xyz von Navier, Inc. übernommen, was das Blockchain-Ökosystem mit automatisierten Hashrate-Vertragsmanagementfähigkeiten verbessert. Der patentierte Ausgleichsalgorithmus von Reactor sorgt für eine zuverlässige Hashrate-Lieferung, die es Bitcoin-Miner ermöglicht, Hashrate direkt an Käufer gegen Vorauszahlungen zu verkaufen. DMG hat seine Hashrate auf 1.6 EH/s erhöht, was einem monatlichen Wachstum von 50% entspricht. Die Integration mit Terra Pool wird die Angebot von kohlenstoffneutralen Hashrate-Verträgen ermöglichen, die potenziell Premiumpreise erzielen können. Die Plattform kann Hashrate-Lieferungen von 100 TH/s bis über 1 EH/s verarbeiten.
- Increased hashrate capacity to 1.6 EH/s, representing 50% monthly growth
- Acquisition of Reactor.xyz adds new revenue stream through hashrate contracts
- Integration with Terra Pool enables premium pricing potential for carbon-neutral hashrate
- None.
VANCOUVER, British Columbia, Oct. 28, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) ("DMG"), a leading vertically integrated blockchain and data center technology company, has announced its acquisition of Reactor.xyz (“Reactor”) from Navier, Inc. (“Navier”), a prominent provider of bespoke data center deployments specializing in digital asset mining and artificial intelligence (AI).
Reactor is a highly-optimized solution to automate and manage hashrate contracts. Specifically unique to the software, for which there are several patent applications, is its balancing algorithm that assures hashrate delivery. A hashrate contract allows Bitcoin miners — who typically sell hashrate directly to a pool — to sell their hashrate to buyers willing to pay upfront for a specified term. These buyers are often incentivized by a discount compared to what the sellers would typically earn in bitcoin payouts over the contract period. For sellers, this arrangement provides faster access to payment, serving as a valuable treasury management tool akin to factoring receivables.
Reactor’s key enabling technology assures that the hashrate transferred from seller to buyer meets the contract’s requirements for the entirety of its term. This technology allows for highly granular hashrate delivery, ranging from 100 TH/s (equivalent to a single older generation Bitcoin mining machine) to over 1 EH/s (equivalent to an industrial mining farm). Having been developed and operating over the past several years, Reactor is a proven solution.
Terra Pool is an ideal platform to significantly expand Reactor’s reach. With Terra Pool having the ability to offer a large hashrate supply powered by carbon neutral energy, buyers will have access to a much larger supply than previously available. Furthermore, DMG believes that carbon neutral bitcoin may command a premium, and the same advantage could apply to carbon neutral hashrate. Terra Pool clients would thus have the option to either mine carbon neutral bitcoin or sell carbon neutral hashrate contracts, offering multiple avenues to benefit from participating in a carbon neutral pool.
DMG’s CEO, Sheldon Bennett commented, "DMG has made tremendous progress towards creating a holistic, carbon neutral Bitcoin ecosystem. This month alone, we’ve increased our own hashrate to 1.6 EH/s—up about
Navier’s CEO, Josh Metnick added, “Reactor is by a wide margin, the most stable, reliable and robust hashrate delivery platform in the world — I would challenge any company in our industry to offer a product that matches Reactor’s performance. Our engineers spent years optimizing Reactor, having gained the experience across scores of customer deployments. DMG has been a trusted partner for the past several years, and its acquisition of Reactor’s technology and its associated IP provides for efficient, direct delivery of carbon neutral hashrate to buyers without a middleman. We are excited about the possibilities and what the future holds for this technology in the hands of an established self-miner such as DMG.”
About Navier
Since 2014, Navier has been ensuring success for our customers through tailor-made services, including engineering design, project management, and collaborative ventures. Navier’s expertise is in designing, implementing and operating data centers to ensure scalable, efficient, turnkey solutions for projects in the financial technology, artificial intelligence and alternative asset space.
About Terra Pool
Terra Pool is the world’s first carbon neutral Bitcoin mining pool, designed to reward miners with carbon neutral bitcoin. It plays a crucial role in advancing a carbon neutral Bitcoin ecosystem. When integrated with DMG’s subsidiary, Systemic Trust, a digital asset custodian, financial institutions and content creators will gain the ability to send Bitcoin in a carbon neutral and regulatory-compliant manner.
About Systemic Trust Company Ltd.
Systemic Trust Company is a special purpose trust company incorporated under the Loan and Trust Corporations Act (Alberta). When STC receives its registration and regulatory approval for operations, it will operate as a standalone, independently capitalized, prudently managed trust company and Qualified Custodian offering digital asset custody services for institutional clients.
About DMG Blockchain Solutions Inc.
DMG is a sustainable, vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. The company’s operations are driven by two strategic pillars: Core and Core+, both unified by DMG’s commitment to vertical integration and environmentally responsible practices. DMG’s subsidiary Systemic Trust Corporation is focused on custody of digital assets.
For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
Follow @dmgblockchain on Twitter and subscribe to DMG's YouTube channel.
For further information, please contact:
On behalf of the Board of Directors,
Sheldon Bennett, CEO & Director
Tel: 516-222-2560
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
For Investor Relations:
investors@dmgblockchain.com
For Media Inquiries:
Chantelle Borrelli
Head of Communications
chantelle@dmgblockchain.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.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG’s strategies and plans, the potential and benefits of the Reactor technology, Systemic Trust becoming a fully qualified custodian and the expected timelines to achieve that, delivering products that enable the monetization of bitcoin transactions, developing and executing on the Company’s products and services, increasing self-mining, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.
Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hash rate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hash rate mining difficulty.
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG's bitcoins; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.
Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
FAQ
What is DMG Blockchain Solutions (DMGGF) hashrate capacity after recent expansion?
What company did DMG Blockchain Solutions (DMGGF) acquire in October 2024?
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