Crypto Mining Giant Bitmain Selects DMG To Manage Texas Bitcoin Mining Farm

Blockchain, News | October 22, 2019 By:

Blockchain and tech company DMG Blockchain Solutions Inc. has entered into a preliminary agreement with Chinese crypto mining hardware manufacturer Bitmain to provide hosting and management services for Bitmain’s bitcoin mining farm in Texas.

DMG manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG, with its Blockseer division located in Silicon Valley, intends to be the global leader in industrial scale crypto mine hosting – Mining as a Service (MaaS), crypto mining, blockchain forensics/analytics, and blockchain platform development.

After an extensive selection process, DMG has been selected to manage and assist Bitmain with expansion and overall management of its Texas facility, which currently has 50MW of power, with the potential to expand to 300MW. The two firms will reportedly work together to expand the capacity and to ensure efficient operations of Bitmain’s newest technology ASIC miners.

“Being chosen by the world’s leading bitcoin mining company is a great testament to the capabilities of DMG’s mining team,” said DMG CEO Dan Reitzik. “Over the past several months, Bitmain visited many large facilities throughout North America including DMG’s flagship facility in British Columbia, Canada. We look forward to working together to build and manage North America’s largest and most efficient mining facility, running the world’s most advanced crypto mining technologies.”

“Bitmain is the industry-leading fabless manufacturer of computing chips, developer of the most advanced cryptography computing technology, and operator of the leading mining pools,” said Bill Zhu, Managing Director Global Marketing Sales & Services for Bitmain. “We take our global leadership role very seriously, and as such, we are delighted to engage DMG as our facility partner. DMG has consistently demonstrated an ability to expertly engineer and construct large scale crypto mining data centres, as well as to navigate the regional political and corporate landscape to ensure widespread acceptance of our new, energy consuming industry.”