Blockchain and cryptocurrency tech company DMG Blockchain Solutions has become the first Canadian Bitcoin miner to join the MaraPool mining pool.
MaraPool is a U.S.-based Bitcoin mining pool that is fully audited by a third-party firm in the U.S. As of Sept. 13 DMG will begin pointing all of its hashrate towards the MaraPool. Upon DMG being the first to join, MaraPool will then be open to additional Bitcoin mining companies.
Sheldon Bennett, DMG Blockchain’s CEO, said, “Marathon has consistently remained at the forefront of not only scaling but professionalizing the Bitcoin mining industry,” DMG Blockchain CEO Sheldon Bennett said. “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 the first to join shows our confidence in MaraPool, and we look forward to others joining and benefiting from MaraPool as well.”
“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.”
DMG to Present at H.C. Wainwright 23rd Annual Investment Conference
Bennett will present at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference, which is being held virtually Sept. 13 – 15, 2021. He will deliver the corporate presentation, which will become available beginning Sept. 13 at 7 a.m. ET.
