web analytics
8.5 C
Munich
Wednesday, December 1, 2021

Dmg Blockchain Solutions Inc (OTCMKTS: DMGGF) Steady Run Northbound as Crypto Operator Makes Waves in a Fast-Growing Space

Dmg Blockchain Solutions Inc (OTCMKTS: DMGGF) is making a powerful move northbound as the price of BTC breaks out of its trading range and looks to make new highs. Dmg Blockchain is getting plenty of attention from investors for its intuitive moves to monetize the blockchain ecosystem. The Company operates its data center in Christina Lake, BC. The Data Centre is 100% owned by DMG and includes its own privately constructed 85-megawatt substation on DMG’s thirty-three acre property along with a 27,000 square foot building. Due to the success of Christina Lake’s operations, DMG is now seriously investigating additional sites. DMG has entered into discussions with multiple parties where it believes its expertise and its supply chain capabilities can move quickly to low cost, high margin future sites. The Company is hoping to conclude negotiations in the near future and announce additional DMG sites. 

Sales are rising quickly; Revenue for the three months ended June 30, 2021 was $1,702,275 a increase of $339,042 as compared to the three months ended June 30, 2020. Mining equipment hosting increased by $543,198 compared to the three months ended June 30, 2020. The increase is attributable to an increase in hosting clients as compared to the prior period. The increase in revenue was offset by a decrease in digital currency mining of $66,466 and a decrease of $137,790 in consulting and forensics income. The Company is well funded moving forward with $47.4 million in the treasury. 

Dmg Blockchain Solutions Inc (OTCMKTS: DMGGF) is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG’s vertical integration. 

DMG operates its data center in Christina Lake, BC. The Data Centre is 100% owned by DMG and includes its own privately constructed 85-megawatt substation on DMG’s thirty-three acre property along with a 27,000 square foot building. Owning this asset gives the company many advantages in power infrastructure, which is the primary need of any crypto mining operation. By owning its infrastructure, DMG is not only free from leases and landlords, but also is independent from drawing community needs for power where it operates. Due to the location selected DMG is also investigating the addition of both solar power generation and a small investment in hydrogen production as both a long-term revenue generation stream and as part of the company’s renewables strategy. 

Due to the success of Christina Lake’s operations, DMG is now seriously investigating additional sites. DMG has entered into discussions with multiple parties where it believes its expertise and its supply chain capabilities can move quickly to low cost, high margin future sites. The Company is hoping to conclude negotiations in the near future and announce additional DMG sites. 

In early 2018, DMG acquired Datient Inc., a Silicon Valley-based technology company with a mixture of great data scientists that had created the Blockseer brand name with its first product which was an analytics tool that enables tracking of initially Bitcoin and then transactions on both the Bitcoin and Ethereum blockchains. However, over the years DMG has found more ways to develop this technology. After the acquisition of Datient, DMG invested in developing Walletscore due to the value of Blockseer’s data. Now we are continuing the development of this platform focused on two distinct crypto categories: Safety & Security and Regulatory & Compliance. 

To Find out the inside Scoop on DMG Blockchain Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

DMGGF

The Company currently has the launches of Blockseer Breeze and Blockseer Freeze planned for Q4, 2021; Blockseer Breeze: Planned for Q4 2021, this platform is focused on equipping anyone from individual crypto wallet users to financial institutions with an enterprise-grade custody solution to securely manage digital assets with the choice of single or multiple signatures to execute a crypto transaction. Blockseer Freeze: Planned for Q4 2021, this software product monitors Bitcoin wallets, notifying the owner(s) of any transactions and provides a mechanism to stop suspicious transactions from being executed. 

On October 20 DMG Blockchain announced multiple successful transactions with Zodia Custody (www.zodia.io), a crypto asset custodian incubated by Standard Chartered (www.sc.com), with Northern Trust (www.northerntrust.com) as a co-investor, using DMG’s Blockseer platform “Petra” from its Core+ suite of services. 

On Monday, Oct 11, 2021, using a testnet environment, DMG initiated a new function called Petra, which gives subscribers enhanced optionality when initiating crypto transactions. The test transactions were carried out alongside Zodia Custody. The addition of optionality — once fully completed and launched under the Blockseer brand — will provide subscribers a choice in how they want to proceed with transactions. The options provided by Petra will include the provision of KYC on wallets, AML checks on transactions, and routing transactions via carbon neutral mining facilities. This is an important step in the development of DMG’s Regulatory & Compliance offerings under Blockseer’s platforms. 

Once completed, Petra’s launch will provide options focused on the Bitcoin Blockchain. As part of the tests conducted alongside Zodia Custody, transactions were routed using Petra and tagged as a “green” to prioritise carbon neutral miners, giving one example of the optionality provided by the platform. Future options may include risk ratings of counterparties and geo-location. Petra’s subscriptions will be based on a percentage of the dollar-value equivalent that is transacted through the system. 

DMG’s CEO Sheldon Bennett, comments, “Petra is a concept that DMG conceived many years ago. However, we did not have the technology to bring this concept to the market until now. Using core technologies in Blockseer’s Walletscore, Explorer and Helm, we have been able to create a new and very relevant product for companies and individuals who have particular interest in governance, regulatory issues, and ESG goals aligned with optionality that Petra permits. Our partnership with Zodia Custody is moving quickly and we look forward to completing all our testing and bringing this product to market.” 

“The crypto asset industry is often associated with high environmental impacts, particularly in relation to energy consumption. Further, the concept of unknown participants mining blocks is outside of many institutions’ risk appetite. Zodia Custody, in an industry first with DMG’s Petra platform, is able to address these concerns and offer our clients the option to route transfers to OFAC-compliant, ‘green’ mining pools. Petra will also give comfort to our institutional clients that their crypto transfers are being processed by known, sanctioned complaint parties. This represents a major milestone towards the institutional adoption of crypto assets and demonstrates Zodia’s commitment to providing safe access to this market for highly-regulated global financial institutions in a way that is aligned with their goals,” said, Maxime De Guillebon, CEO, Zodia Custody. 

 For More on AHFD Subscribe Right Now!

Dmg Blockchain Solutions Inc is making a powerful move northbound as the price of BTC breaks out of its trading range and looks to make new highs. Dmg Blockchain is getting plenty of attention from investors for its intuitive moves to monetize the blockchain ecosystem. The Company operates its data center in Christina Lake, BC. The Data Centre is 100% owned by DMG and includes its own privately constructed 85-megawatt substation on DMG’s thirty-three acre property along with a 27,000 square foot building. Due to the success of Christina Lake’s operations, DMG is now seriously investigating additional sites. DMG has entered into discussions with multiple parties where it believes its expertise and its supply chain capabilities can move quickly to low cost, high margin future sites. The Company is hoping to conclude negotiations in the near future and announce additional DMG sites. Sales are rising quickly; Revenue for the three months ended June 30, 2021 was $1,702,275 a increase of $339,042 as compared to the three months ended June 30, 2020. Mining equipment hosting increased by $543,198 compared to the three months ended June 30, 2020. The increase is attributable to an increase in hosting clients as compared to the prior period. The increase in revenue was offset by a decrease in digital currency mining of $66,466 and a decrease of $137,790 in consulting and forensics income. The Company is well funded moving forward with $47.4 million in the treasury. We will be updating on DMG Blockchain when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DMG Blockchain.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in DMG Blockchain either long or short and we have not been compensated for this article.

 

Dmg Blockchain Solutions Inc (OTCMKTS: DMGGF)

 

Dmg Blockchain Solutions Inc (OTCMKTS: DMGGF) is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG’s vertical integration.
DMG operates its data centre in Christina Lake, BC. The Data Centre is 100% owned by DMG and includes its own privately constructed 85-megawatt substation on DMG’s thirty-three acre property along with a 27,000 square foot building. Owning this asset gives the company many advantages in power infrastructure, which is the primary need of any crypto mining operation. By owning its infrastructure, DMG is not only free from leases and landlords, but also is independent from drawing community needs for power where it operates. Due to the location selected DMG is also investigating the addition of both solar power generation and a small investment in hydrogen production as both a long-term revenue generation stream and as part of the company’s renewables strategy.
Due to the success of Christina Lake’s operations, DMG is now seriously investigating additional sites. DMG has entered into discussions with multiple parties where it believes its expertise and its supply chain capabilities can move quickly to low cost, high margin future sites. The Company is hoping to conclude negotiations in the near future and announce additional DMG sites.
DMG’s core infrastructure operations are the foundation of its vertical integration strategy. Our core operations focus on earning revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services and supplying crypto-mining hardware for industrial mining clients.
DMG’s data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager, and Walletscore, as well as working with auditors, law firms, and law enforcement organizations.
DMG’s mission is to become the domain expert across the business vertical of blockchain mining and become a business operation with a myriad of options for innovation, economies of scale, risk mitigation, sustainability, and investment protection.

On October 20 DMG Blockchain announced multiple successful transactions with Zodia Custody (www.zodia.io), a crypto asset custodian incubated by Standard Chartered (www.sc.com), with Northern Trust (www.northerntrust.com) as a co-investor, using DMG’s Blockseer platform “Petra” from its Core+ suite of services.
On Monday, Oct 11, 2021, using a testnet environment, DMG initiated a new function called Petra, which gives subscribers enhanced optionality when initiating crypto transactions. The test transactions were carried out alongside Zodia Custody. The addition of optionality — once fully completed and launched under the Blockseer brand — will provide subscribers a choice in how they want to proceed with transactions. The options provided by Petra will include the provision of KYC on wallets, AML checks on transactions, and routing transactions via carbon neutral mining facilities. This is an important step in the development of DMG’s Regulatory & Compliance offerings under Blockseer’s platforms.
Once completed, Petra’s launch will provide options focused on the Bitcoin Blockchain. As part of the tests conducted alongside Zodia Custody, transactions were routed using Petra and tagged as a “green” to prioritise carbon neutral miners, giving one example of the optionality provided by the platform. Future options may include risk ratings of counterparties and geo-location. Petra’s subscriptions will be based on a percentage of the dollar-value equivalent that is transacted through the system.
DMG’s CEO Sheldon Bennett, comments, “Petra is a concept that DMG conceived many years ago. However, we did not have the technology to bring this concept to the market until now. Using core technologies in Blockseer’s Walletscore, Explorer and Helm, we have been able to create a new and very relevant product for companies and individuals who have particular interest in governance, regulatory issues, and ESG goals aligned with optionality that Petra permits. Our partnership with Zodia Custody is moving quickly and we look forward to completing all our testing and bringing this product to market.”
“The crypto asset industry is often associated with high environmental impacts, particularly in relation to energy consumption. Further, the concept of unknown participants mining blocks is outside of many institutions’ risk appetite. Zodia Custody, in an industry first with DMG’s Petra platform, is able to address these concerns and offer our clients the option to route transfers to OFAC-compliant, ‘green’ mining pools. Petra will also give comfort to our institutional clients that their crypto transfers are being processed by known, sanctioned complaint parties. This represents a major milestone towards the institutional adoption of crypto assets and demonstrates Zodia’s commitment to providing safe access to this market for highly-regulated global financial institutions in a way that is aligned with their goals,” said, Maxime De Guillebon, CEO, Zodia Custody.

About Zodia Custody
Zodia Custody, an institutional grade crypto asset custody solution based in London, offers services to clients across the globe. Zodia Custody enables institutions to invest safely and securely in crypto assets. Developed by Standard Chartered Ventures and Northern Trust, Zodia Custody satisfies institutional investors’ need for a crypto asset custodian that understands traditional custody and meets investors’ standards and expectations, whilst maintaining the flexibility required to adapt to the ever-changing crypto asset market.

Zodia Custody is registered with the FCA under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 and has commenced commercial operations following a period of testing.

Zodia Custody is providing custody services for the two most traded crypto assets, Bitcoin and Ethereum, with plans to expand to more crypto assets based on thorough risk assessment and client demand.

Zodia Custody Limited is registered with the UK Financial Conduct Authority with Firm Reference Number 928347.

For more information visit our website or follow us on LinkedIn.

 

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.