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DMG blockchain solutions announce a 7-megawatt super bitcoin mining contract
DMG Blockchain Solutions, the world-class cryptocurrency management company, announced the signature of a Mining as a Service (MaaS) contract with a blockchain sector company. The new agreement will see DMG It hosts about 7 megawatts of Bitcoin mining capability for its new client.
Further details unveiled in the agreement indicate that the new customer will pay an additional hosting fee for the more recent 4.200 Bitcoin miners of DMG. Apparent information also suggests that the contract will last for three months, with automatic renewals available after each period.
Dan Reitzik, CEO of DMG Blockchains States,
"We are delighted that as we have energized our new substation, we have added a significant new customer and we are now filling our capabilities with DMG's MaaS growth strategy." We were cautious about preserving capital in our first year as a public company by focusing on on our MaaS hosting model. "
Despite the recent decline in the computing power of the Bitcoin network (must evaluate), DMG Blockchain I can confess that its mining capacity is still profitable at current Bitcoin prices, as far as its operational base is concerned.
"Given our strong position, we are therefore ready to cover the rest of our capacity with new-generation mining equipment planned for the new year, which should result in additional cash generation for DMG and our customers," adds Reitzik.
What is Maas?
Like precious minerals, Bitcoin is also finished and this represents a valuable opportunity for the people and companies that offer it MAAS (Mining as a Service). DMG provides these MaaS solutions to investors and companies that do not have the skills to extract Bitcoin on an industrial scale.
The company's clear solutions enable customers to acquire experts who create and manage the process on their behalf. The idea is to allow Bitcoin miners to make a decent profit, which is only possible thanks to the experienced and advanced production of the DMG team of experienced Bitcoin miners. For DMG, the goal is to achieve a steady stream of profits and revenues regardless of the volatility of Bitcoin prices.
Increase mining at an industrial level
DMG made a further announcement of expansion of the contract with a customer who uses their own hosting service. The expansion of the contract would include a supplement of 1,850 miners, worth around 2.5 megawatts. The company also expects that the Bitcoin miners of previous models (1,650 units) of the previous Maas contracts to turn on their operations that have been interrupted for 90 days.
Despite this, DMG continues to enjoy a lot of investments with more companies looking for professional mining services to diversify their portfolio. The company's shares reflect the growing positive, with shares traded at 17 cents after an increase in value of 6%. We hope the Bitcoin market can collect and further promote DMG Blockchain solutions to more customers.
About DMG Blockchain Solutions
Cryptocurrency company based in Canada DMG Blockchain Solutions Inc. is focused on two vital opportunities in the blockchain sector: extracting public blockchains and applying authorization-based protocols from blockchain technology to supply chains. The encrypted company has a 85-megawatt mining facility, cutting-edge ASIC miners, BTC / LTC hosting, hardware pricing and competitive hosting options.
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