Crypto miner DMG Blockchain acquires 1,800 new gen Bitmain miners
The global hash rate is continuing its move to the West following China’s decision to ban crypto mining.
This time Canadian mining company DMG Blockchain Solutions bought 1,800 Bitmain Antminer s19 XPs from the Bitcoin mining company headquartered in China.
“the S19 XP is the most efficient bitcoin mining machine on the market, requiring 27% less energy per unit of hash rate than Bitmain’s S19 Pro” $FORT.V— bitflakes (@goldflakes_) November 24, 2021
The machines are expected to be delivered around July next year, DMG confirmed on Tuesday, and they will generate an added 252 PH/s.
Including its existing Bitmain S19 orders, DMG's total now stands above 1 Eh/s.
DMG has introduced their live hashrate to their website, which is an accurate representation of DMG's hashing power. This is a step towards full transparency within the Bitcoin mining sector. $DMGI $DMGGF #bitcoinmining #BTC pic.twitter.com/vCye4JBs9M— DMG Blockchain Solutions (@dmgblockchain) November 11, 2021
DMG, which trades on the Toronto Venture Stock Exchange, also confirmed it will give close to 3m stock options to its employees at $1.2 per share.
The stock options will be exercisable for the next three years.
In March, DMG announced a partnership with fellow miner Argo Blockchain to create a Terra Pool, a Bitcoin mining pool which consists of a hash rate derived from both company’s hydroelectric power sources.
.@ArgoBlockchain announce the world's first clean energy #bitcoin mining pool.— Dennis Parker (@Xentagz) March 26, 2021
Argo has partnered with fellow eco-friendly mining firm DMG Blockchain to create Terra Pool — a Bitcoin mining pool consisting of a hash rate derived from both company’s hydroelectric power sources. pic.twitter.com/q0wKZ4eG9d