#CryptoCorner: BCH “Halving”, Galaxy Digital (TSXV: $GLXY.V) Releases 2019 Financials and DMG #Blockchain Solutions (TSXV: $DMGI.V) Increases Mining Capacity with New Equipment

#CryptoCorner: BCH “Halving”, Galaxy Digital (TSXV: $GLXY.V) Releases 2019 Financials and DMG #Blockchain Solutions (TSXV: $DMGI.V) Increases Mining Capacity with New Equipment

Point Roberts, WA, Delta BC April 8, 2020 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

Listen to today’s Crypto Corner Podcast:  

Stocks discussed: (TSXV:GLXY) (TSXV:DMGI)

The crypto market is a bit of a mixed bag today with some of the top 100 coins listed by market cap in the red, and others in the green, according to data from CoinMarketCap. Bitcoin (BTC) is slightly in the red at press time, but has maintained a trading price above $7,000 since late Sunday. It is currently trading for about $7,275.

Earlier today Bitcoin Cash (BCH) went through its first “halving”, an event which sees each new transaction block produce half of its mining reward. Specifically, Bitcoin Cash miners will see a reward of 6.25 BCH per block, which is down from 12.5 BCH per block. This is commonly supposed to lead to a rally in the cryptocurrency, as it creates a deficit in supply. This remains to be seen, however, as it also reduces incentives for miners who will now see their rewards cut in half. The halving of Bitcoin is expected sometime in May.

Galaxy Digital Holdings Ltd. (TSXV:GLXY) has released financial results for the fourth quarter and full year ending December 31, 2019. Galaxy Digital CEO Mike Novogratz said:

"Galaxy Digital entered 2020 with significant operational momentum in our three operating businesses of Trading, Asset Management and Advisory Services, and I am proud of how our dedicated team is now navigating the unprecedented global economic dislocation driven by Covid-19. The digital asset and cryptocurrency market has seen significant volatility and de-risking in the past several weeks, similar to other growth and safe-haven asset classes, as investors prioritized liquidity above all. In this market environment, we continue to focus on the safety of our people, trading nimbly, and sharing differentiated insights with our institutional clients and counterparties."

DMG Blockchain Solutions Inc. (TSXV:DMGI) has increased its mining capacity with the addition of new equipment. The company’s COO, Sheldon Bennett, explained:

“DMG has been testing the latest models of ASIC miners from various manufacturers and, based on capital cost, energy consumption, and mining efficiency, the Company has chosen to begin deployment of additional M30 miners manufactured by MicroBT. The M30s generate 88 TH/s of compute power with an energy consumption of 3,344 watts. We expect the M30 to be profitable for at least 36 months based on the current bitcoin price and forecasted network hash rate changes during this period, including the May 2020 Bitcoin reward halving, as well as DMG’s access to low cost power via our 85MW substation. One of our existing alt-coin clients has also added 23 Petahash of Bitcoin miners for hosting at DMG’s facility. We expect receipt of shipments of all new miners as well as their energization by the end of this month.”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Download our Mobile App for iPhone and Android 

Contact Investorideas.com
800 665 0411

Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 


  1. Invest with 500$ and get a returns of 5,000$ within seven business working days.
    Why wasting your precious time online looking for a loan? When there is an opportunity for you to invest with 500$ and get a returns of 5,000$ within seven business working days. Contact us now for more information if interested on how you can earn big with just little amount. This is all about investing into Crude Oil and Gas Business.

    Email: totalinvestmentcompany@gmail.com


Post a Comment