DMG Blockchain Solutions Inc (DMGGF)

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DMG Blockchain Set To Join Marathon’s Bitcoin Mining Pool, MaraPool

Source: GlobeNewswire Inc.

Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that DMG Blockchain, (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX), a vertically integrated blockchain and cryptocurrency technology company, will become the first North American Bitcoin miner, excluding Marathon, to join Marathon’s mining pool, MaraPool.
On Monday September 13, 2021, DMG Blockchain will begin pointing 100% of its hash rate towards MaraPool, as the pool opens to additional Bitcoin mining companies. MaraPool is a U.S.-based Bitcoin mining pool that is focused on reducing the environmental impact of Bitcoin mining through carbon neutral mining. The pool, which is fully audited by a third-party firm in the U.S., provides its members with industry leading transparency, an intuitive reporting system, and access to exclusive services from NYDIG.

“After experiencing difficulties with mining pools outside the U.S., we decided to launch our own pool that would reflect the values and needs of enterprising North American Bitcoin miners,” said Fred Thiel, Marathon’s CEO. “After many months of testing, we have now opened the pool to other Bitcoin miners that share our beliefs and our desire to improve miners’ processes. DMG Blockchain has long been an innovator in this regard, having worked closely with us on this initiative, and we are pleased to welcome them to MaraPool.”

Sheldon Bennett, DMG Blockchain’s CEO, added, “Marathon has consistently remained at the forefront of not only scaling but professionalizing the Bitcoin mining industry. Their mining pool, which leverages our industry-leading software, is no different. While many mining pools lack transparency and accountability, MaraPool excels at both. We believe that being part of MaraPool will improve our operations, and we look forward to benefiting from this change.”

On September 9, 2021, Marathon will be promoting MaraPool’s features and benefits at Bitmain’s Digital Mining Energy Conference in Miami, FL. To learn more about MaraPool, or to apply to join, visit marapool.com.