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DMGI - DMG Blockchain Solutions Inc.

Discussion in 'Canadian Stocks Message Boards' started by Dan Thunderbolt, May 2, 2018.

  1. Dan Thunderbolt

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  2. Dan Thunderbolt

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    Bridging The Blockchain And Cannabis Industry With Dan Reitzik

     
  3. Dan Thunderbolt

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  4. Dan Thunderbolt

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  5. Dan Thunderbolt

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    Interesting article...

    Why Some Legal Marijuana Companies Are High on Blockchain
    A group of companies are turning to blockchain to increase the transparency of the legal marijuana supply chain.
    May 21, 2018
    https://thirtyk.com/2018/05/21/blockchain-legal-marijuana/

    "Earlier this year, Emerald Health Therapeutics, Emerald Health Sciences and DMG Blockchain Solutions announced a letter of intent to form a joint venture, called CannaChain Technologies, to develop what it calls a “blockchain-based supply chain management system and e-commerce marketplace for the legal cannabis industry.”

    Emerald, one of Canada’s earliest licensed pot sellers, would provide its expertise and relationships while DMG Blockchain Solutions would build and deploy the blockchain supply chain management system tailored to opportunities in the cannabis industry.

    Blockchain technology has the potential to help ensure that black-market marijuana doesn’t make it into the regulated market, Avtar Dhillon, executive chairman of Emerald Health Therapeutics, told ThirtyK."
     
  6. Dan Thunderbolt

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  7. Dan Thunderbolt

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    Yesterday DMGI released second quarter results. Cash as of 31 March is $19,713,182 according to the report on Sedar.

    DMG Blockchain Solutions Inc. Announces Second Quarter 2018 Financial Results
    May 30, 2018
    https://dmgblockchain.com/dmg-block...ounces-second-quarter-2018-financial-results/

    Key Second Quarter 2018 Highlights:
    • Completed listing on the TSX Venture Exchange
    • Revenue of $3,344,699 (552% quarter-over-quarter revenue growth)
    • Purchased 2,650 new mining rigs utilizing an additional 4 megawatts of power for DMG’s MaaS customers
    • Completed acquisition of Blockseer, a Silicon Valley-based software development company, for approx. $2.6 million and 7,673,076 DMG shares
    • Constructing flagship data center with up to 85 megawatts (“MW”) of mining capacity, 40 MW of which are expected to be available in Q3.
    • Appointed Charlie Lee, creator of Litecoin, and Lou Kerner, known as the “Crypto Oracle” to DMG’s advisory board
    • Added two expert cryptocurrency and blockchain legal advisors, Varun Gupta and Samuel Osei
     
  8. Dan Thunderbolt

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    What I found in particular of interest in yesterday's news release is that apparently "Existing Blockseer clients include the US Department of Homeland Security, F.B.I., and I.R.S."
     
  9. Dan Thunderbolt

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  10. Stoxline

    Stoxline New Member

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    DMGI.V has been showing support at 0.31 and resistance at 0.75. indicators are looking bullish. 911836416[1].png
     
    Dan Thunderbolt likes this.
  11. Dan Thunderbolt

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    Update on DMG website:
    https://dmgblockchain.com/maas/

    Product Overview
    DMG Blockchain Solutions provides Mining as a Service (MaaS) – world-class management of Bitcoin mining at scale on behalf of third parties globally. DMG’s 85-megawatt mining facility (among the largest in North America) will be ready Summer 2018.

    Features
    • 85-megawatt mining facility ready Summer 2018 – among the largest in North America
    • State-of-the-art ASIC miners with >10% efficiency improvement vs the industry leading bitcoin miner
    • Sold in units of 8.5 PH/s
    • BTC and LTC hosting available in August
    • Competitive hosting and hardware pricing
     
  12. Dan Thunderbolt

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    New Investor Presentation is available:
    https://dmgblockchain.com/investor-info/

    New are the slides on Blockseer. Very interesting imo.
    - Element Fleet Enterprise (In development)
    - Canachain (in development)

    In Q4 2017 Element Fleet Management (symbol T:EFN - Market cap of 2.5 billion) took a 9.9% stake in DMGI.
     
  13. Dan Thunderbolt

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    DMG Blockchain named a top pick for Q3 at Paradigm Capital
    July 3, 2018
    https://www.cantechletter.com/2018/07/dmg-blockchain-named-a-top-pick-for-q3-at-paradigm-capital/

    “DMG is leveraging its world-class team, diversified position and strong partnerships to build a blockchain powerhouse,” Kim says. “DMG’s mining operations are well on their way to achieving 40MW by mid-2018, 60MW by the end of FY18 and +150MW by 2019, with the majority of this capacity dedicated to MaaS clients ($1.5M revenue per MW with 40% EBITDA margin). DMG’s strong and rapid FCF generation capabilities will allow it to continue deploying blockchain solutions across multiple growing industries, including cannabis, transportation, financial services, forensics and data analytics.
     
  14. Dan Thunderbolt

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    If the numbers provided in the report from Paradigm Capital will be actually achieved I believe DMGI will sooner or later move above $1 again. Current market cap of DMGI is $30 million.

    "Kim sees DMG producing revenue and EBITDA in FY18 of $10.7 million and negative $8.2 million, respectively, and revenue and EBITDA in FY19 of $58.9 million and $15.8 million, respectively."
     
  15. Dan Thunderbolt

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    Bitcoin back above $7,000.
     
  16. Dan Thunderbolt

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  17. Dan Thunderbolt

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  18. Dan Thunderbolt

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    Bitcoin back above $8,000.
     
  19. Dan Thunderbolt

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    Canadian Cryptocurrency Miner to Install 85-Megawatt Power Substation
    Jul 27, 2018
    https://bitcoinmagazine.com/article...y-miner-install-85-megawatt-power-substation/

    "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."
     
  20. Dan Thunderbolt

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    https://motherboard.vice.com/en_us/...ding-their-own-electricity-infrastructure-dmg
    Aug 2 2018

    Canadian company DMG Blockchain is building what it hopes will be a fully-functioning substation near the Southern British Columbia town of Castlegar, which is electrified by hydro power. When I spoke to Steven Eliscu, who leads corporate development for DMG, over the phone, he told me that building the substation costs millions of dollars and required the company to build its own access road to haul equipment to the site. The goal: to plug it into the local grid and have it power DMG’s expanded mining operations by September.

    “At the end of August we’ll go through a commissioning process where the utility will test everything as a completed substation and make sure that the town doesn’t blow up when we flip the switch,” Eliscu told me over the phone.
     

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