Great Deal For DMG Terms of Agreement with Marathon
As part of the Agreement, Marathon will be licensing DMG's proprietary Blockseer pool technology to be used by the DCMNA entity. Pursuant to the terms and conditions of the Agreement, DMG will receive:
| (a) | | USD$500,000 in common shares of Marathon; |
| (b) | | a monthly license fee paid in cash or Bitcoin (at DMG’s election) with a sliding scale based on DCMNA’s block rewards and transaction fees received by the pool; and |
| (c) | | technical support services to be provided on an as-needed basis with payment in US dollars. |
"We are excited to provide our proprietary software tools to the DCMNA pool.. As more U.S.-based Bitcoin mining companies (and their hashrate) join DCMNA, DMG will receive more Bitcoin from licensing our technology," said DMG’s CEO & COO, Sheldon Bennett.