DMG Announces Purchase of Reactor.xyz to Offer Hashrate Contracts

DMG Blockchain Solutions announces its acquisition of Reactor.xyz from Navier, Inc., a prominent provider of bespoke data center deployments specializing in digital asset mining and artificial intelligence.Reactor is a highly-optimized solution to automate and manage hashrate contracts. Specifically unique to the software, for which there are several patent applications, is its balancing algorithm that assures hashrate delivery. A hashrate contract allows Bitcoin miners to sell their hashrate to buyers willing to pay upfront for a specified term, often incentivized by a discount. For sellers, this arrangement provides faster access to payment, serving as a valuable treasury management tool akin to factoring receivables.Reactor’s technology assures that the hashrate transferred from seller to buyer meets the contract’s requirements for the entirety of its term. This technology allows for highly granular hashrate delivery, ranging from 100 TH/s to over 1 EH/s. Having been developed and operating over the past several years, Reactor is a proven solution.Terra Pool is an ideal platform to significantly expand Reactor’s reach. With its large hashrate supply powered by carbon neutral energy, buyers will have access to a much larger supply. DMG believes that carbon neutral bitcoin may command a premium, and the same advantage could apply to carbon neutral hashrate.DMG’s CEO, Sheldon Bennett commented, "DMG has made tremendous progress towards creating a holistic, carbon neutral Bitcoin ecosystem. This month alone, we’ve increased our own hashrate to 1.6 EH/s—up about 50% from the prior month, significantly upgraded the software behind Terra Pool and are on track for Systemic Trust to become a fully qualified custodian by the end of the calendar year or early in the new year. Now with the purchase of Reactor, we’ve added yet another important component to our ecosystem with the unique capability provided by Reactor.”

Website

Instagram

Learn more about our company

DMG

DMG’s mission is to lead the digital asset industry by meeting the most stringent compliance requirements while focused on environmental requirements.

Learn more >>>

Blockseer/Core+

Blockseer blockchain software products help enable crypto adoption and growth.

Learn more >>>

Systemic Trust

Systemic Trust, a custody solution for digital assets, ensures security with advanced technology, risk management, and transparency.

Learn more >>>

Terra Pool

Terra Pool, enabled by Blockseer software, is the world's first Bitcoin mining pool focused on carbon neutral energy and clean block mining.

Learn more >>>