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Bullboard - Stock Discussion Forum DMG Blockchain Solutions Inc V.DMGI

Alternate Symbol(s):  DMGGF | V.DMGI.WT

DMG Blockchain Solutions Inc. is a vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. Its business lines are referred to as Core (infrastructure) and Core+ (software and services). The Company operates its transaction verification services business, known as Bitcoin... see more

TSXV:DMGI - Post Discussion

DMG Blockchain Solutions Inc > RIOT's miners on order.
View:
Post by phoenix_trader on Aug 16, 2022 11:13am

RIOT's miners on order.

During the year ended December 31, 2021, the Company entered into six additional purchase agreements with Bitmain Technologies Ltd. (“Bitmain”) to acquire 52,500 Antminer model S19j miners and 30,000 of their latest Antminer model S19XP miners for a combined total purchase price of approximately $535.0 million. Pursuant to these agreements and as of June 30, 2022, approximately $110.6 million remains payable to Bitmain in installments in advance of shipment of the miners, subject to future adjustments as provided in the contracts. Shipment is scheduled to occur on a monthly basis through December 2022.
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