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  • DMG Blockchain (DMGI) and Argo Blockchain are partnering to launch Terra Pool, the first clean energy Bitcoin mining pool
  • The companies entered into a memorandum of understanding to establish the pool as founding shareholders and partners
  • Terra Pool’s goal is to work with like-minded miners to better manage the impact of Bitcoin mining on the climate
  • DMG manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem
  • DMG Blockchain Solutions (DMGI) is up 5.5 per cent at market open and is currently trading at C$2.30 per share

DMG Blockchain (DMGI) and Argo Blockchain are partnering to launch Terra Pool, the first clean energy Bitcoin mining pool.

The companies entered into a memorandum of understanding to establish the pool as founding shareholders and partners.

Aligning with the latest climate science, Terra Pool will work to better manage the impact of Bitcoin mining on the climate with the goal of playing a significant role in reducing greenhouse gas emissions over the next decade.

The pool will provide a strong incentive and an accessible platform to mine Bitcoin in a sustainable and climate-conscious way.

Terra Pool will initially make use of both DMG and Argo’s hashrates, which use energy generated by hydroelectric resources.

In the near-term, Terra Pool will work with like-minded Bitcoin miners to expedite the shift from conventional power to clean energy.

Argo Blockchain, headquartered in London, UK, is a global leader in cryptocurrency mining powered by clean energy.

DMG manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s businesses are segmented into three main divisions: data centre operations, data analytics and forensics and developing enterprise blockchains.

DMG Blockchain Solutions (DMGI) is up 5.5 per cent at market open and is currently trading at C$2.30 per share.

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