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 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, 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.

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