Core Insights - DMG Blockchain Solutions Inc. has achieved SOC 2 Type II compliance, enhancing client confidence in its security and regulatory practices [1][2][3] - The company has purchased Bitmain S21 Hydro miners, expected to enhance its mining efficiency and capacity [4] - DMG's Terra Pool is the world's first carbon neutral Bitcoin mining pool, promoting a sustainable Bitcoin ecosystem [5][6] Compliance and Security - The SOC 2 Type II audit confirms that DMG's security controls meet stringent AICPA standards, reflecting its commitment to operational excellence [2][3] - CEO Sheldon Bennett emphasized the importance of SOC 2 Type II compliance for digital asset companies handling sensitive data, noting that large financial enterprises prefer working with certified vendors [3] Mining Operations - DMG has acquired hydro miners at a cost slightly below $15 per TH/s, which will contribute to a total production capacity of 63 PH/s [4] - The first tranche of hydro miners is expected to be operational by the end of the calendar year, with additional orders planned for early 2025 [4] Company Overview - DMG is a vertically integrated blockchain and data center technology company focused on sustainable practices and comprehensive platform solutions [6] - The company operates under two strategic pillars: Core and Core+, emphasizing vertical integration and environmental responsibility [6]
DMG Blockchain Solutions Achieves SOC 2 Type II Compliance, Purchases First Tranche of Hydro Miners