DMG Blockchain Solutions Inc., a diversified blockchain company, is in the process of installing an 85-megawatt transformer and electric substation for the company’s cryptocurrency mining facility, according to a company statement.
The new substation is commissioned to be operational by September 2018, with 60 megawatts available for energizing mining rigs.
The Canadian company offers a range of services including Mining as a Service (MaaS),where it manages bitcoin mining on behalf of third parties at scale.
“DMG is pleased with its progress toward becoming a leading provider of crypto-mining hosting services in North America,” said Reitzik.
EVP for Corporate Development Steven Eliscu added that the combination of “leading-edge mining equipment and access to low-cost power” makes him “optimistic” about the future of the company.
DMG Blockchain Solutions Inc. , a diversified blockchain company, is in the process of installing an 85-megawatt transformer and electric substation for the company's cryptocurrency mining facility, according to a company statement.
