DMG Blockchain Solutions Inc. V.DMGI

Alternate Symbol(s): DMGGF

Technology Software - Application

DMG Blockchain Solutions Inc. is a Canada-based vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. Its business lines consist of Core, which includes data center operations, and Core+, which provides software and services. The Company operates its transaction verification services business, commonly known as Bitcoin mining, in Western Canada. The Company owns and operates its data center in Christina Lake, BC. Its regulatory and compliance platforms include Terra Pool, Blockseer Walletscore, Mine Manager and Blockseer Petra. Its crypto safety and security platforms include Blockseer Intelligence, Blockseer Exchange and Blockseer Breeze. Its Blockseer Walletscore platform is focused on anti-money laundering (AML) compliance obligations with a custom DMG application programming interface (API) for crypto exchanges to payment platforms to interconnect and utilize this platform.

TSXV:DMGI - Post by User

DMG Blockchain Solutions Inc.

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Comment by smoking81on Dec 06, 2018 1:27pm

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Post# 29077072

RE:RE:RE:RE:RE:RE:RE:DMG Blockchain Signs 7 Megawatt Bitcoin Mining Contract

I assume Fortis are PAYING less than $0.06 wholesale (maybe $0.04??) in order to make a profit!!!

Fortis is a regulated Utility. The regulator (BCUC) ensures Fortis does not make more than 15% profit. DMG has to buy its power from Fortis. As I and Teeoff have said before, DMG is paying $0.08 per kwh to Fortis to buy its power. It is a very bad deal compared to Quebec ($0.04) or Manitoba ($0.043) prices.

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