DMG Executes Petra on the Bitcoin Mainnet, Provides Jan Mining Results
DMG is excited to announce that its Petra platform has been used to successfully submit multiple transactions to the Bitcoin blockchain. Petra as a platform is designed to bring subscribers enhanced options when initiating crypto transactions, including KYC on wallets, AML on transactions and routing via DMG’s Terra Pool, a carbon neutral mining pool.DMG has created a way for bitcoin network participants to make a choice if they want to ensure that the movement of their coins is done with a minimal carbon footprint. As well, DMG has moved its first batch of ordinals using Petra technology on Terra Pool. With its Blockseer suite of technologies, DMG has introduced an option for those who have particular interest to address regulatory issues and meet ESG goals.
DMG’s January Operating ResultsDMG mined 100.2 bitcoin with 0.91 EH/s realized hashrate. DMG’s bitcoin balance as of January 31, 2023 was 413.8 bitcoin. Depending on the timing to receive shipments of ordered miners, DMG expects to grow its hashrate to 1 EH/s in early 2023; this is subject to the receipt, installation and operation of the additional miners.
DMGI Podcasts on McNallie MoneyInterview with CEO Sheldon Bennett and COO Steven Eliscu:https://www.youtube.com/watch?v=5D7RdJaLdjQAnalysis of DMG’s Year in Review and December 2022 Investor Presentation:https://www.youtube.com/watch?v=J1qNvlKFRxY
CEO Sheldon Bennett Appears Before Canadian House of CommonsOn February 1, 2023 DMG CEO Sheldon Bennett appeared before the Canadian House of Commons Standing Committee on Industry and Technology to support the activities of the Digital Asset Mining Coalition, which is defending the Canadian Bitcoin mining industry’s eligibility for input tax credits for the process of mining bitcoin. Mr. Bennett’s testimony can be found at https://www.ourcommons.ca/Committees/en/WitnessMeetings?witnessId=294204.
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About DMG
DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.
Blockseer
Blockseer licenses blockchain software products to help enable crypto adoption and growth.
Core & Core+
DMG’s businesses are segmented into two main divisions: Core Crypto Infrastructure and Core + Software & Services.
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