DMG Blockchain Solutions Inc. - CEO, Dan Reitzik
CEO, Dan Reitzik
Source: YouTube (Cambridge House International Inc.)
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  • DMG Blockchain Solutions (TSXV:DMGI) has implemented a work from home (WFH) plan for its Vancouver-based office
  • The company’s server management software allows the data centre to operate around the clock with minimal human interaction
  • DMG Blockchain is focusing on the growth of its Canadian operations, and is decreasing its presence in the US
  • As such, the company has requested the resignation of Chief Technology Officer, Danny Yang
  • The company also ended its Investor Relations agreement with Hybrid Financial
  • DMG Blockchain Solutions (DMGI) is currently down 16.67 per cent, with shares trading at 5 cents and a market cap of C$3.82 million

DMG Blockchain Solutions (TSXV:DMGI) has implemented a work from home (WFH) plan for its Vancouver-based office.

The diversified blockchain and cryptocurrency firm is following the example of other companies around the world as they brace for the impact of COVID-19.

The company says that it has always allowed its software engineers to work remotely where necessary, and that they are all experienced with the remote collaboration tools.

DMG Blockchain’s proprietary mine management software enables technicians to monitor operations remotely. Hash rates, temperature and power consumption can be tracked, with repair orders relayed to on-site workers.

DMG Blockchain stressed that the facility is roughly 27,000 square feet, and therefore offers plenty of space for employees to maintain virus-mitigating social distancing.

Dan Reitzik, CEO of DMG Blockchain Solutions, noted that cases of COVID-19 in Vancouver are growing at an alarming rate.

“The safety and health of our employees is of paramount importance to the company.

“DMG has always been set up to easily implement a WFH initiative, and we’re pleased that our employees can be home with their families during this difficult period,” he said.

In addition, DMG Blockchain confirmed its operational expansion efforts in Canada.

The company is currently in the process of shutting down its US operations, and has subsequently requested the resignation of Chief Technology Officer, Danny Yang.

“Danny Yang has supported this request and DMG greatly appreciates Danny Yang’s contributions over the past two years,” Dan said.

The company also announced the termination of an Investor Relations agreement with Hybrid Financial.

DMG Blockchain Solutions (DMGI) is currently down 16.67 per cent, with shares trading for 5 cents at 1:14pm EST.

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