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DMG Blockchain Solutions Inc. V.DMGI

Alternate Symbol(s):  DMGGF

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

Post by phoenix_traderon Aug 28, 2020 11:20am
240 Views
Post# 31469684

MD&A today

MD&A todayKey differentiators for success in the mining market include access to low cost energy, miner efficiency, miner running uptime, and cost efficiency. During fiscal 2020, DMG has increased its access to 85 megawatts through its wholly owned electric substation and is continuing to seek additional sources of low-cost energy. DMG currently has 1,290 miners dedicated to self-mining and over 4,200 miners for hosting-mining and has plans to increase petahash to 500 by the end of 2020. DMG is proud of its record for 99% uptime, achieved through the exceptional efforts of its dedicated mining team. DMG has focused significant efforts to reduce costs and improve operations, resulting in 17% reduction in operating and maintenance costs over the prior period and a decrease of 10% in general and administrative costs over the prior period.
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