DMG Blockchain Solutions Inc - DMGGF stock
Introduction[edit]
DMG Blockchain Solutions Inc., (OTC: DMGGF, TSXV: DMGI) an integrated blockchain and cryptocurrency firm, was incorporated in 2011. The company mines bitcoin, manages, operates, and develops front-to-end digital solutions for monetizing the blockchain interface. DMG’s operations devolved into two segments: Core and Core+. The Core operations segment primarily focuses on mining, mainly bitcoin, provides hosting services, and distributes crypto-mining equipment for clients in the industrial mining sector. The Core+ operations segment offers data analytics and forensic services that deliver technical capabilities with software commodities, including Mine Manager, Blockseer Pool, and Walletscore, also working with audit and law enforcement organizations. The company also provides infrastructure insight services in numerous fields. Its subsidiaries include DMG Blockchain Services Inc. and, DMG-US, Inc., Datient, Inc. The firm is headquartered in Grand Forks, Canada. Its common stock is publicly traded on OTC markets under the DMGGF symbol.[1]
Business Overview[edit]
DMG aims to become the domain expert in the blockchain mining scope and establish robust business operations with a wide range of options for innovation, risk mitigation, economies of scale, investment protection, and sustainability. The company strives to spike value in its entire asset base from the substation in British Columbia to its Blockseer software platforms and other sequential strategic investments under its strategy. The firm’s operations are divided into Core, covering Crypto infrastructure, and Core+, incorporating Data Analytics and Forensics Services. Core operations focus on revenue generation mainly through bitcoin mining. It is also the foundation of DMG’s vertical integration strategy. Its infrastructure service portfolio comprises air flow and cooling contact, location and power infrastructure review, high and low-voltage power design and engineering, and facility power distribution design and engineering.[2]
DMG’s Operations[edit]
Christina Lake Data Centre[edit]
DMG operates a fully-owned data center in Christina Lake, which incorporates an independently constructed 85-megawatt substation on the company’s thirty-three-acre property and a building stretching approximately 27,000 square feet. The company is also investigating other long-term revenue-generating investments, including solar power generation and a significant investment in hydrogen production, as part of its renewables strategy. The company is currently shifting its air-cooling blueprint to an immersion cooling system, which has numerous advantages, including improved heat transfer, reduced electrical usage, increased hardware performance, improved software lifetime, and general capital cost reduction. Success in Christina Lake Data Centre has accelerated the firm’s interest in investing in additional low-cost sites.[3]
Terra Pool[edit]
Terra Pool, based in North America, is an audited mining pool that provides real-time AML and ensures new standard mining compliance and governance. Walletscore is a unique blockchain audit and analytic platform that detects a crypto wallet's probability of engaging in criminal activity by identifying unusual transactions anchored to crimes such as money laundering. DMG’s Mine Manager software propels the optimization of mining facilities and provides automated management of mining centers.[4]
Mergers, Acquisitions and Divestitures[edit]
Datient, Inc.[edit]
DMG acquired Datient Inc., a growing technology company based in Silicon Valley, in 2018. DMG acquired the company with its data Scientists, who developed an analytic tool that enabled bitcoin tracking and transactions on both Bitcoin and Ethereum blockchains. Since the close of the acquisition, DMG has advanced the development of the technology, investing in Walletscore creation on the background of Blockseer’s data. The company continues the story of its Blockseer platform that focuses on crypto Safety and Security and Regulatory and Compliance. The Blockseer Platform is made up of Blockseer Explorer and Blockseer Breeze. Blockster Explorer is an analytic tool that facilitates cryptocurrency tracking on Bitcoin and Ethereum platforms. Blockseer Breeze equips wallet users with an enterprise-grade custody solution to manage their digital assets securely with the choice of executing transactions with either single or multiple signatures.[3]
Reactor.xyz[edit]
DMG Blockchain Solutions acquired Reactor.xyz from Navier, Inc., a provider of bespoke data center deployments specializing in digital asset mining and AI. This acquisition enables DMG to offer hashrate contracts, expanding its blockchain and data center technology services.[5]
Patents[edit]
Custom Mempool Protocol[edit]
DMG Blockchain Solutions has been granted U.S. Patent No. 11,810,103 for its Custom Mempool Protocol, designed for processing cryptographic events. The system enables applications to send events to hashing processors operating on a custom mempool, enhancing security and privacy by preventing transactions from being propagated to external nodes.[6]
Cryptographic Taint Tracking[edit]
DMG Blockchain Solutions has been granted U.S. Patent No. 12,067,572 for Cryptographic Taint Tracking, expanding its intellectual property for regulatory compliance. This patent is a continuation of U.S. Patent No. 11,257,089, which provides a method for detecting and tracking tainted cryptographic wallets. The innovation supports anti-money laundering and fraud prevention efforts.[7]
Funding[edit]
DMG Blockchain Solutions Inc. closed a $17,254,945 unit offering in November, 2024, issuing 32,556,500 units, including 4,246,500 units from the full exercise of the over-allotment option. Each unit consists of one common share and one warrant, with the warrants exercisable at $0.65 per share for 60 months.[8]
- ↑ Company Profile – seekingalpha.com/symbol/DMGGF. Retrieved on 11/1/2023.
- ↑ About Us – DMG Blockchain Solutions website.
- ↑ 3.0 3.1 DMG BLOCKCHAIN SOLUTIONS INC. MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE QUARTER ENDED JUNE 30, 2022, pages 1 & 2. Accessed on 11/1/2023
- ↑ Core and Core+ operations – DMG website.
- ↑ GlobeNewswire. DMG Blockchain Solutions Announces Purchase of Reactor.xyz to Offer Hashrate Contracts. October 10, 2024.
- ↑ GlobeNewswire. DMG Blockchain Solutions Announces Issuance of U.S Patent for Custom Mempool Protocol, Participation at Upcoming Investor Conference. September 19, 2024.
- ↑ GlobeNewswire. DMG Blockchain Solutions Secures New Patent To Further Strengthen its Intellectual Property for Regulatory Compliance. December 23, 2024.
- ↑ GlobeNewswire. DMG Blockchain Solutions Inc. Announces Closing of $17,254,945 Unit Offering. November 19, 2024.
OTC Symbol: DMGGF | OTC Tier: OTCQB
