Aim Explorations (AXN-V) Dec 22, '17 Tier 2 effective Friday Dec 22nd 2017
Aim Explorations Ltd.'s qualifying transaction target, DMG Blockchain Solutions Inc. (DMG), recently launched a bitcoin mining model, mining-as-a-service (MaaS), at the annual Bitmasters Conference in Kobe, Japan, attended by more than 1,500 members of the Bitmasters network. The Bitmasters network comprises tens of thousands of members who are bitcoin owners and influencers, many of whom are personally interested in mining bitcoin, in addition to buying via traditional bitcoin exchange channels.
DMG's chief executive officer, Dan Reitzik, commented: "Our partnership with the Bitmasters network, and its position in Japan, the world's largest and most regulated bitcoin market, provides DMG an opportunity to scale quickly and on a priority basis. By enabling our customers to mine their own bitcoin in a clear and transparent manner, I believe we have the right offering at the right time. The Japanese demand remains strong and we plan to address the broader global market in short order."
MaaS adopts a unique model by democratizing the ability for anyone to become a cryptocurrency miner anywhere in a cost-effective manner. DMG's MaaS offering provides turnkey operations for clients by charging a simple and low-cost set-up and monthly hosting fee. Customers may purchase their dedicated assets and their resulting monthly bitcoin output is delivered to them directly.
DMG's team recently presented and announced the launch of MaaS in Kobe, Japan, at the annual Bitmasters Conference. MaaS interest from the Bitmasters network was strong and DMG received an order in excess of $3-million for the hardware purchase and set-up, with monthly recurring hosting revenues to begin upon completion.
Subscriber demand for MaaS from the Bitmasters network is expected to be met by DMG in the spring of 2018. Most of the servers will be hosted at DMG's new industrial mining facility, which comprises a 27,000-square-foot building on 34 acres of land in Western Canada. DMG has the ability to expand the hosting centre with containers or new buildings by an additional 75,000 square feet to accommodate additional demand, subject to obtaining the necessary permits.
DMG anticipates that its facilities and power access will be for its MaaS clients and for DMG's own use. This hybrid model allows DMG to scale at a faster pace and without as much capital, while at the same time enabling DMG to benefit from the appreciating value of bitcoin. This hybrid model balances out the capital requirements in the traditional mining model with the benefits of the value of bitcoin minted.
Kiyoshi Nishi, the chief executive officer of the Bitmasters network, commented: "Bitmasters' members have been buying bitcoin for more than four years and we are tremendously excited to be able to mine bitcoins for ourselves. The Bitmasters network decided to work with DMG after extensive due diligence into other companies around the world. We look forward to introducing our members to DMG's MaaS model."
See AIM's news release dated Dec. 4, 2017, for further information about AIM, DMG and the previously announced qualifying transaction. AIM will issue additional news releases related to the transaction and related financings and other material information as it becomes available. There can be no assurance that the transaction will be completed as proposed or at all.
About DMG Blockchain Solutions Inc.
DMG Blockchain Solutions is a full-service 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) and diversified blockchain platform development.
Aim Explorations Ltd.  For further information:
DMG Blockchain Solutions Inc.,
Investor Relations: John Martin, Toll Free: 1-888-702-0258,
Email: info@dmgblockchain.com,
Web: www.dmgblockchain.com,
Direct: 778-868-6470;
Justin Rasekh, Director of Aim Explorations Ltd.,
Phone: 778-998-4235
Geoff Balderson, Chief Executive Officer of Aim Explorations Ltd.
Phone: 604 - 602 - 0001 |
