VANCOUVER – DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) a publicly traded, vertically integrated blockchain and cryptocurrency technology company, reported that Terra Pool, a clean Bitcoin mining pool partnership between DMG and Argo Blockchain plc (LSE: ARB.L) has joined the Crypto Climate Accord (CCA) to accelerate digital solutions that decarbonize the crypto mining and blockchain sector as a whole. DMG, along with Argo, are the first two signatories of the CCA.
Together with a fast-growing community, Terra Pool joins the CCA as an active supporter by informing and testing new open-source Hashrate software now in development that will make it obvious for bitcoin miners to verify their renewable energy sourcing. CCA supporters like Terra Pool approve of the Accord’s objectives and are involved with helping advise, develop, and scale solutions in support of the CCA.
“DMG is committed to continued support of the Crypto Climate Accord with the introduction of Terra Pool,” stated Sheldon Bennett, CEO of DMG. “Additionally, using DMG’s proprietary data centre management software, which is specifically designed for crypto miners as well as working with EnergyWeb, the CCA’s technology partner, jointly we can scale faster and bring technical energy solutions to the industry combining industrial power tracking and bitcoin miner consumption.”
“We at Energy Web are excited to work together with Terra Pool and DMG’s software team to build green Hashrate software that bitcoin mining pools like Terra Pool can use for its KYC process and ongoing monitoring of miners in the pool,” said Jesse Morris, CEO of Energy Web. “Together, we can set a new digital standard for ESG transparency for other sectors to follow.”
Terra Pool is the world’s first Bitcoin mining pool powered exclusively by clean energy. The purpose of this initiative is to expedite the shift from conventional power to clean energy and reduce the impact of Bitcoin mining on the environment.
DMG’s goal is to eliminate significant greenhouse gas emissions over the next decade. DMG’s leadership in Terra Pool intends to work with like-minded Bitcoin miners to expedite the shift from conventional power to clean energy.
Terra Pool says it will offer better transparency and will bring change to the crypto mining sector, creating a strong incentive and platform for crypto miners to produce Bitcoin in a climate-conscious way.
DMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into three main divisions: data centre operations, data analytics and forensics and developing enterprise blockchains. DMG’s non-polluting data centre operations focus on earning eco-friendly revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients entirely powered by renewable energy. DMG’s data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager and Walletscore, as well as working with auditors, law firms, and law enforcement organizations. DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG’s strategy is to become the domain experts across the business verticals it focuses on. DMG’s environmentally committed management team includes seasoned crypto experts, forensic & financial professionals and blockchain developers with deep relationships throughout the industry and a strong ecological consciousness.
Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of Bitcoin, and future operational results could also be materially affected by the price of Bitcoin and an increase in hashrate mining difficulty.
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