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DMG BLOCKCHAIN - DMGGF STOCK NEWS

Welcome to our dedicated page for DMG BLOCKCHAIN news (Ticker: DMGGF), a resource for investors and traders seeking the latest updates and insights on DMG BLOCKCHAIN stock.

DMG Blockchain Solutions Inc. (DMG) is a leading company dedicated to the development and management of blockchain-based solutions. DMG focuses on monetizing the blockchain ecosystem through innovative digital solutions while prioritizing sustainability. The company is actively involved in decarbonizing the Bitcoin blockchain, offering technologies like Terra Pool and Petra for carbon-neutral mining and transactions. Recent collaborations with Energy Web and PayPal aim to establish industry standards for sustainable blockchain applications in finance. DMG's CEO, Sheldon Bennett, emphasizes the company's commitment to environmental responsibility and technological advancement.

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DMG Blockchain Solutions announced the purchase of 2,450 Bitcoin ASIC miners from Bitmain, aiming to enhance mining capacity by 245 PH/s by August 2021. These miners, expected to yield 50 Bitcoins monthly, will pay back within nine months, aligning with DMG’s ROI strategy. The company currently holds approximately 260 Bitcoins and emphasizes a commitment to sustainability through its partnership with Terra Pool.

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DMG Blockchain Solutions (OTCQB: DMGGF) announced that its Terra Pool has joined the Crypto Climate Accord (CCA), a move aimed at promoting sustainable Bitcoin mining practices. Terra Pool is the world's first Bitcoin mining pool powered exclusively by clean energy. The partnership with Argo Blockchain plc reinforces DMG's commitment to reducing greenhouse gas emissions in the crypto sector. The CCA's goals include achieving net-zero emissions from electricity consumption by 2030 and promoting 100% renewable energy blockchain by 2025. DMG will present at the upcoming Mining Disrupt Conference.

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DMG Blockchain Solutions has announced a strategic investment of $3 million in Brane Capital, acquiring 8 million units at $0.375 per unit. This partnership aims to enhance eco-friendly blockchain technology solutions and accelerate DMG's Core+ strategy. CEO Sheldon Bennett will join Brane's board, promoting innovation and sustainability in the blockchain sector. Brane offers advanced custody solutions, certified for information security. This collaboration positions both companies as leaders in the sustainable blockchain industry.

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DMG Blockchain Solutions will present a corporate overview at the LD Micro Virtual Invitational Conference from June 8 to 10, 2021. CEO Sheldon Bennett's presentation is scheduled for June 10 at 4:30 pm ET, Track 2. Interested investors can register to watch the presentation online. DMG is a vertically integrated blockchain and cryptocurrency technology company focused on sustainable practices, including eco-friendly data center operations powered by renewable energy. The company aims to capitalize on blockchain innovations while being committed to environmentally responsible practices.

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DMG Blockchain Solutions Inc. (OTCQB: DMGGF) announced a conference call on May 27, 2021, at 4:30 PM EDT to discuss Q2 2021 financial results and corporate updates. CEO Sheldon Bennett will also join a panel discussion at Consensus 2021 on May 24, focusing on sustainability in crypto mining. Registered participants will receive dial-in information post-registration, and the call will have a telephonic replay available until August 25, 2021. DMG operates eco-friendly data centers and offers blockchain solutions, emphasizing green practices and sustainability.

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DMG Blockchain Solutions has partnered with Argo Blockchain to join the Crypto Climate Accord (CCA), aiming to decarbonize the cryptocurrency industry. The collaboration focuses on renewable energy in crypto mining, addressing significant ecological impacts as Bitcoin miners consume up to 0.5% of global power. Key objectives include achieving net-zero emissions by 2030 and developing tools to ensure 100% renewable energy for blockchains by 2025. This partnership demonstrates a commitment to environmental stewardship in response to growing criticism of the industry's carbon footprint.

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DMG Blockchain Solutions announced its participation in the Benzinga Global Small Cap Conference scheduled for May 14, 2021. CEO Sheldon Bennett will present at 4:45 PM ET and join a panel discussion on how digital currency is transforming finance at 11:10 AM ET. The focus will be on digital currency’s impact on payments, privacy, and efficiency. Investors can also request one-on-one meetings with Mr. Bennett. DMG is a vertically integrated company specializing in blockchain and cryptocurrency technology, with a commitment to eco-friendly operations and sustainable practices.

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DMG Blockchain Solutions Inc. (DMGGF) updates its Core+ operations, focusing on its Blockseer software platforms. Blockseer’s Pool, using licensed tech, operates over 1 Exahash, potentially generating $45,000 in weekly fees from mining. This pool is now an active revenue generator, expected to yield around 225 bitcoin monthly. The company plans to expand Blockseer with new products like Breeze and Freeze, and intends to integrate crypto exchange capabilities. CEO Sheldon Bennett highlighted the importance of these developments for future growth.

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DMG Blockchain Solutions announces the acquisition of 1,800 additional bitcoin ASIC miners, which will increase its total hashrate to over 680 PH/s. The miners are expected to be delivered starting August 2021 over the next year. DMG continues to focus on its Core+ strategy, aiming to enhance efficiency through immersion cooling technology. CEO Sheldon Bennett will participate in the Cryptocurrency Mining Panel on April 27, 2021. Additionally, DMG issued nearly 2 million stock options to employees at an exercise price of $1.41 for three years.

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DMG Blockchain Solutions has announced the acquisition of 3,600 bitcoin ASIC miners, boosting its total hashrate to over 500 PH/s. The delivery of these miners is expected to start in August 2021 and continue for the next year. The company is actively negotiating further purchases to meet its 2021 hashrate goals. DMG's focus remains on leading advancements in cryptocurrency mining, particularly through immersion cooling and its software platforms. Additionally, the company plans to explore more Bitcoin mining sites to enhance growth into 2022.

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FAQ

What is the current stock price of DMG BLOCKCHAIN (DMGGF)?

The current stock price of DMG BLOCKCHAIN (DMGGF) is $0.2591 as of December 23, 2024.

What is the market cap of DMG BLOCKCHAIN (DMGGF)?

The market cap of DMG BLOCKCHAIN (DMGGF) is approximately 70.3M.

What is DMG Blockchain Solutions Inc. focused on?

DMG is dedicated to developing and managing blockchain-based solutions with a focus on sustainability and technological innovation.

What technologies does DMG offer for carbon-neutral mining and transactions?

DMG provides technologies like Terra Pool and Petra to enable carbon-neutral mining and transactions on the Bitcoin blockchain.

Who are DMG's recent collaborators in the industry?

DMG has collaborated with Energy Web and PayPal to establish industry standards for sustainable blockchain applications in finance.

What is CEO Sheldon Bennett's emphasis within DMG?

CEO Sheldon Bennett emphasizes DMG's commitment to environmental responsibility and technological advancement in the blockchain space.

What are some of DMG's recent achievements and initiatives?

DMG has made significant progress in decarbonizing the Bitcoin blockchain and promoting sustainable practices through its technologies and industry partnerships.

How does DMG plan to expand its mining capacity?

DMG is undergoing rapid expansion to augment its mining fleet with new generation miners and expand its electrical infrastructure to grow its mining capacity to 3 EH/s.

What unique opportunities does DMG offer for investors and industry peers?

DMG's CEO and COO are available for one-on-one meetings to engage directly with investors and peers, providing insights into the company's growth strategy and expansion plans.

Where can I find more information about DMG Blockchain Solutions Inc.?

For more information about DMG and its initiatives, visit www.dmgblockchain.com, follow @dmgblockchain on Twitter, and subscribe to DMG's YouTube channel.

How can I contact DMG Blockchain Solutions Inc. for investor relations or media inquiries?

For investor relations, contact CORE IR at 516-222-2560. For media inquiries, reach out to Jules Abraham at 917-885-7378 or julesa@coreir.com.

What is DMG's approach to sustainability and technological advancement?

DMG combines sustainability principles with technological innovation to drive advancements in the blockchain ecosystem and promote environmentally responsible practices.

What recent industry standards is DMG aiming to establish?

DMG, in collaboration with Energy Web and PayPal, is working towards setting new industry standards for sustainable blockchain applications in finance, contributing to the global decarbonization efforts.

DMG BLOCKCHAIN

OTC:DMGGF

DMGGF Rankings

DMGGF Stock Data

70.31M
198.33M
2.2%
2.14%
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