Blockchain company DMG announces termination of joint mining project with Bitmain

In October 2019, Bitmain announced that it will partner with blockchain and digital currency company DMG to manage its 33,000-acre mining facility in Texas. On Monday, local time, DMG announced the termination of this cooperation because the cost and operating efficiency did not reach the expected results. At present, the facility has 15,000 mining machines, but the specific situation is unclear. Earlier in October 2019, Bitmain announced in Rockdale, Texas that it would build a 50 MW cryptocurrency mine with Rockdale Development Zone (MDD) and DMG.