DMG Blockchain (TSXV: DMGI) is increasing its crypto mining capability. The firm this morning introduced that it has bought an extra 3,600 bitcoin miners for an undisclosed worth.
The addition of three,600 miners is anticipated so as to add an extra 360 PH/s in hashrate to the corporations operations, which is to convey the present capability of the corporate to “effectively over 500 PH/s.” Delivery of the miners is about to start in August, and proceed over the course of the next twelve months. Specifics on unit supply timelines weren’t supplied.
The firm is reportedly holding discussions with bitcoin mining tools producers frequently for additional orders, with orders being made based mostly on present retrofitting schedules for its services. The firm is presently seeking to full its 85 MW flagship facility, whereas exploring different mining websites for development into 2022.
Financial particulars of the transaction weren’t supplied.
DMG Blockchain final traded at $1.65 on the TSX Venture.
Information for this evaluation was discovered through Sedar and DMG Blockchain Solutions. The writer has no securities or affiliations associated to this group. Not a suggestion to purchase or promote. Always do extra analysis and seek the advice of an expert earlier than buying a safety.
As the founding father of The Deep Dive, Jay is concentrated on all points of the agency. This consists of operations, in addition to appearing as the first author for The Deep Dive’s inventory evaluation. In addition to The Deep Dive, Jay performs freelance writing for numerous corporations and has been revealed on Stockhouse.com and CannaInvestor Magazine amongst others.
