DMG Blockchain Solutions is a publicly traded blockchain and cryptocurrency company. DMG manages, develops and operates end-to-end digital solutions to generate revenue from the blockchain ecosystem. The company is also engaged in server hosting and related service agreements for transaction verification services and software solutions.
DMG Blockchain Solutions invests in the research and development of technology solutions that help the transaction verification business. Most of this company’s revenue comes from cryptocurrency mining, setup and hosting fees, and the sale of mining equipment.
The cryptocurrency company creates a trusted ecosystem for the blockchain community through its proprietary Blockseer software platform. DMG’s data center operations are located in Christina Lake, British Columbia.
The company differentiates its offerings by providing forensic consulting services from other cryptocurrency data center companies and helps them develop their facilities and establish their operations. DMG Blockchain Solutions operates through two main business segments:
Data Center Operations – This segment focuses on generating revenue from block rewards and transaction fees by mining Bitcoin and providing hosting services for clients of industrial mining.
Data Analysis and Forensic Services: This segment offers technical expertise software products such as Blockseer Pool, Walletscore, and Mine Manager. This segment is also dedicated to working with auditors, law enforcement agencies and law firms.
DMG intends to become a blockchain and cryptocurrency expert in the blockchain mining business vertical and provide innovative business solutions, economies of scale, sustainability, risk mitigation and investment protection.
DMG has partnered with Argo Blockchain plc to create Terra Pool, reportedly the first Bitcoin mining pool in the world to use clean energy instead of conventional energy to minimize the impact of Bitcoin mining on the environment. Terra Pool joined the CCA (Crypto Climate Accord) to accelerate digital solutions that decarbonise the crypto mining and blockchain sector.
DMG and Argo are the first two signatories to the CCA. DMG states that its business strategy is to work with like-minded bitcoin miners and facilitate the switch from conventional energy to clean energy in the bitcoin mining process. DMG intends to eliminate greenhouse gas emissions due to cryptocurrency mining, within the next 10 years.