Canadian Miner DMG Mines 23 BTC in May, Holds 449 BTC
CryptoNewsTerminal Staff06 Jun, 2024
Canadian Miner DMG Mines 23 BTC in May, Holds 449 BTC
Canadian blockchain and cryptocurrency technology company and miner, DMG Blockchain Solutions (DMG), has announced that it mined a total of 23 BTC in May. This brings DMG's total Bitcoin (BTC) holdings to 449 BTC as of May 31 (local time). The average hashrate for the month was at 0.94 EH/s. DMG is one of the largest publicly traded cryptocurrency miners in North America, and its operations are powered by renewable energy sources. The company has been expanding its mining operations in recent months, and it currently has over 200,000 ASIC miners in operation. DMG's mining operations are located in Canada, the United States, and Norway. The company's announcement comes at a time when the Bitcoin mining industry is facing increasing competition. However, DMG believes that it is well-positioned to succeed in the long term due to its focus on renewable energy and its efficient mining operations. In addition to its mining operations, DMG also offers a range of other blockchain and cryptocurrency-related services, including custody, trading, and asset management. The company is also developing a new blockchain-based platform for the gaming industry.
