DMGGF - Dually-Listed Blockchain Shares Find Mid-Week Success

2023-12-20 18:33:35 ET

For those of you who might not be following the %Cryptocurrency market too closely or dive into blockchain companies often, the industry is on an absolute tear. It almost feels like we’re back in the meme stock and alt coin craze that we witnessed a few years ago.

Well during this most recent rally, a few stocks related to the industry have been finding tremendous success, including one dually-listed blockchain company. Shares of %DMGBlockchainSolutions (TSX: DMGI) (OTC: DMGGF) ripped on Wednesday, with shares trading on the Canadian side reaching up to $0.55/share (+30.95%) at the early session high. This move is likely in anticipation of the previously-announced financial results release that is set to occur following today’s close.

DMG Blockchain Solutions Inc (TSX: ) (OTC: ) is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, Sale of mining equipment, and Set-up and hosting fees.