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November 17, 2024

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DMG Blockchain Solutions (DMGI.V) purchases ASIC mining Equipment

The great Chinese bitcoin mining diaspora of 2021 is in full effect and miners from Inner Mongolia to downtown Shanghai are under pressure to close up shop or else. Naturally that’s having some downward pressure on the prices of everything Bitcoin related from miner stocks to big name exchanges like Coinbase (COIN.Q) and to the price of the actual mining equipment. That’s not so good for anyone who bought in on Coinbase’s IPO, but it’s great for companies like DMG Blockchain Solutions (DMGI.V), which picked up an additional 2,450 Bitcoin ASIC miners from Bitmain.

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