DMG Blockchain Solutions and D-Link Canada Partner to Establish Best Practices for the Cryptocurrency Mining Industry
Category leaders exploring ways to increase the efficiency of crypto mining
VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- D-Link® a global leader in networking and communications products for SMB and Large Enterprise, and DMG Blockchain Solutions Inc. (TSX-V:DMGI) (“DMG” or the “Company”), a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem, today announced their partnership to improve the efficiencies of crypto mining.
Together, with a group of field engineers from D-Link and industry experts from DMG, the two parties are working towards optimizing crypto mining networking, including hash rate stability, network security and switching performance, all in an effort to create a more efficient and profitable mining operation through best-practices and smart hardware choices.
“Crypto mining and broader blockchain driven applications are a growing trend in Canada and around the world,” said Lou Reda, President of D-Link Canada. “We’ve been fortunate to develop a relationship with DMG, which has given us the opportunity to really get inside this industry and understand the requirements of a large scale blockchain operation. Together, we’ve been able to meld our knowledge and work towards developing the networking solutions to improve technical operations and therefore increase efficiency within any blockchain application, whether that be for financial, medical or any other industry that uses blockchain distributed ledger as a foundational technology.”
DMG partnered with D-Link Canada after reviewing other networking vendors and came to its own conclusion that D-Link offered the best performance and value in the market.
“The D-Link solution exceeded all of our requirements throughout our testing,” said Sheldon Bennett, COO and Director of DMG. “On top of having the right hardware for the job, D-Link went well above the competition in offering the support, technical expertise and willingness to work with us to achieve the goals we were looking for, and that is to build the most efficient large-scale mining operation in North America.”
END OF ANNOUNCEMENT
D-Link is the global leader in connectivity for small business, mid- to large-sized enterprise environments, and service providers. An award-winning designer, developer, and manufacturer, D-Link implements and supports unified network solutions that integrate capabilities in broadband, cloud-based network management, IP Surveillance, switching and wireless. D-Link has grown from a group of seven friends since its founding in 1986 to more than 2,000 employees and over 170 offices worldwide.
For more information on D-Link Canada visit: dlink.ca
D-Link Canada PR Contact:
firstname.lastname@example.org 1-800-354-6522 x4048
D-Link and D-Link logos are trademarks or registered trademarks of D-Link Corporation or its subsidiaries. All other third party marks mentioned herein may be trademarks of their respective owners. Copyright © 2018. D-Link. All Rights Reserved
About DMG Blockchain Solutions
DMG Blockchain Solutions Inc. is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mining hosting - Mining as a Service (MaaS), bitcoin mining, blockchain forensics/analytics, and blockchain platform development.
For more information on DMG Blockchain Solutions visit: dmgblockchain.com
On behalf of the Board of Directors,
Daniel Reitzik, CEO & Director
For further information, please contact:
DMG Blockchain Solutions Inc.
Investor Relations: John Martin
Toll Free: 1-888-702-0258
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information based on current expectations. Statements about the Company’s plans and intentions, the partnership with D-Link, the ability to optimize crypto mining networking, other potential transactions, product development, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment and power; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG’s bitcoins; DMG’s relationships with its customers, distributors and business partners; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, that there will be sufficient power to operate its bitcoin mining machines, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
The securities of DMG are considered highly speculative due to the nature of DMG’s business.
Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, lack of supply of power, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, competition, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, increase in operating costs, increase in equipment and labor costs, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.