Latest DMG Blockchain News

  • Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin
    Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin
    While shares in Riot Blockchain and Hive Blockchain eclipse Bitcoin’s YTD gains, other mining firms have not fared so well — with Canaan crashing nearly 70%. The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date (YTD) gains, with stock in Riot nearly doubling while Hive tripled over 2020 so far. However, not all mining firms have fared well throughout the COVID-19 pandemic, with Canaan’s stock falling nearly 70% since early January, and both Hut 8 and DMG Blockchain seeing scant YTD gains despite experiencing significant volatility this year. Mining firms outperform Bitcoin While Bitcoin is up more than 26% from roughly $7,200 to $9,100 since the start of the year, the leading cryptocurrency’s gains have been dramatically overshadowed by a handful of firms mining it. Hive Blockchain has seen a dramatic performance this year, rallying more than 420% from the start of 2020 until mid-Feb, from $0.066 to $0.345.
  • Cryptocurrency Mining Operation in Canada Attempts to Import US Electricity
    Cryptocurrency Mining Operation in Canada Attempts to Import US Electricity
    A consumer advocacy group says a bid to import US electricity for a Canadian cryptocurrency mining company raises a number of serious concerns.  Canada-based DMG Blockchain Solutions is applying for permission from the US Department of Energy (DOE) to source electricity from its neighbor to the south, citing a need for more power as it […] The post Cryptocurrency Mining Operation in Canada Attempts to Import US Electricity appeared first on The Daily Hodl.
  • Consumer Watchdog Moves to Block Canadian Bitcoin Miner From US Power Grid