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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 29, 2022 11:08pm
177 Views
Post# 34928631

Financials OK, with new pricing likely nothing due on miners

Financials OK, with new pricing likely nothing due on minersAs at June 30, 2022, the Company had outstanding executed purchase agreements for the purchase of miners for 450 new model S19j Pro miners and 1,800 new model S19 XP miners. As at June 30, 2022, the Company had made $19,180,716 in deposits towards this commitment, with $2,218,284 remaining to be paid based on the original contract price: this amount remaining to be paid may be adjusted based on current market pricing for such mining equipment. The remaining miners are scheduled to be delivered through December 2022.
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