- DMG (DMGI) has shared January 2023 mining results and an update on its Petra platform
- The company mined 100.2 Bitcoin for the month with a realized hashrate of 0.91 EH/s
- The Petra platform has successfully submitted multiple transactions to the Bitcoin blockchain
- Additionally, CEO Sheldon Bennett appeared before the Canadian House of Commons earlier this month to defend his industry’s right to input tax credits for mining Bitcoin
- DMG manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem
- DMG Blockchain Solutions (DMGI) is up by 6.15 per cent trading at $0.345 per share
DMG (DMGI) has shared January 2023 mining results and an update on its Petra platform.
January operating results
The company mined 100.2 Bitcoin with a realized hashrate of 0.91 EH/s.
Its balance as of January 31, 2023, was 413.8 Bitcoin.
DMG expects to grow its hashrate to 1 EH/s in early 2023, contingent on the receipt, installation and operation of additional miners.
Petra completion
The company’s Petra platform has successfully submitted multiple transactions to the Bitcoin blockchain.
The platform is designed to enhance crypto transaction options, including KYC on wallets, AML on transactions and routing via DMG’s Terra Pool, a carbon-neutral mining pool.
DMG has also moved the first batch of ordinals using Petra on Terra Pool.
“Using DMG’s Blockseer suite of technologies, we have introduced an option for companies and individuals who have a particular interest in governance, regulatory issues, and ESG goals. The goal of these products is to give greater optionality than was previously available to those individuals and organizations in how they can choose to interact with the Bitcoin blockchain,” stated Adrian Glover, DMG’s CTO.
DMG CEO appears before Canadian House of Commons
On February 1, 2023, DMG CEO Sheldon Bennett appeared before the Canadian House of Commons Standing Committee on Industry and Technology to support the Digital Asset Mining Coalition, which is defending the Canadian Bitcoin mining industry’s right to input tax credits for mining Bitcoin.
DMG 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 Blockchain Solutions (DMGI) is up by 6.15 per cent, trading at $0.345 per share as of 9:50 am EST.
