#DMG CANADA PRO#
#DMG CANADA SOFTWARE#

Terra Pool will go through further development testing phases until its go-live market launch. BlockseerвЂ™s original platforms Walletscore and Explorer will be re-architected similar to the work completed on Helm during 2021.

#DMG CANADA SOFTWARE#

In 2022, DMG will continue its software development and investments in BlockseerвЂ™s platforms and strategic partnerships. Our partnership with Bosonic allowed us to complete beta integration and testing of their Layer 2 Exchange in 2021 and we are now working on a 2022 release date which will enable Blockseer users to access crypto exchange functionality. Both companies are looking forward to finalizing and releasing Breeze and Freeze in 2022. DMG has also been testing and successfully holding and transferring coins using BraneвЂ™s crypto wallet technology. All told, Petra managed approximately 100 transactions which were testnet mined using a Blockseer mining pool. Zodia started a new partnership with us and has successfully tested the Petra platform during 2021. This brings over 4 Eh/s across Blockseer built and managed pools with nearly 400 blocks mined.Д«lockseer entered into many new strategic partnerships during 2021. Terra Pool has also been performing well through our joint testing with Argo Blockchain, with over 20 blocks found and is planned to be launched for new participants in February of this year. We are delighted that we had the opportunity to do this in partnership with Marathon Digital Holdings, which successfully launched earlier in the year and has since found 370+ blocks. In addition, part of DMGвЂ™s Core+ strategy is to build and operate mining pools that align with our strategic goals. Functionality, UI, and core database upgrades were made to BlockseerвЂ™s Helm platform to not only enhance its ability to manage the over 10,000 miners operating on it now, but to enable it to expand well into the hundreds of thousands of miners for the future. This focus turned 2021 into a great year for DMGвЂ™s Core+ platforms. Our long-term hiring strategy includes continuing to look for candidates who are interested in the space and can transfer their experience from more traditional sectors. DMG focused on hiring senior software engineers to accelerate its plans in the Core+ area, including experts in Front End, Back End and Database Design. As these projects solidify, DMG will provide updates.Д¬ore+ Platforms вЂ“ 2021 Reviewed DMG announced its Core+ strategy early in 2021 and has been building this strategy using BlockseerвЂ™s technology and platforms as its foundation.

As well, DMG has been working with other power generators and utilities which may lead to DMG diversifying beyond Christina Lake in 2022.

Throughout the New Year DMG will assess the viability of moving forward with these, and many other projects, on this site. The Company has already completed a study on deploying solar panels on its property and installing up to one megawatt of Hydrogen production.

In 2022 DMG plans to continue focusing on projects at its Christina Lake site which diversify its revenue and increase its efficiencies in operations. To date, the collaboration, specific to crypto, has produced 300 Power Distribution Units (PDUs) for DMG as well as 6 crypto mining containers for DMG and its clients with current production now averaging 4 containers per month. Due to DMGвЂ™s research in immersion being validated the Company will focus on implementation of this technology throughout 2022.Дuring 2021, with the ongoing issues related to Covid-19 and unforeseen disruptions in the global supply chain, DMG decided to take control of many of its manufacturing needs by making a strategic investment in Black Box Manufacturing, a company that specializes in the design and manufacture of electrical and mechanical enclosures for multiple industries including crypto mining. These results enable DMG to use less miners (thus reduce our capital spend) to reach our hashrate goals as well as extend their operating life compared to running fans cooled miners.

#DMG CANADA PRO#

With this new focus DMG added nearly 4,250 S19J Pro miners by the end of 2021, reaching a peak of 420 Ph/s, with monthly additions planned to be received, installed and operating throughout 2022 to reach over 1 exahash (1,000 Ph/s) by the end of 2022.ДMGвЂ™s independent immersion testing results, on a small batch of Bitcoin miners, substantiated the CompanyвЂ™s calculations that retrofitting from air to immersion cooling achieves an 18% decrease in miner power consumption with the same amount of computation hashrate. Early in the 2021 calendar year DMG changed its focus from majority hosting in its facility to focusing on self mining with a few strategic hosting clients.

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