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Both companies that have established the new pool have exchange-traded shares.
A mining pool appeared on the market, which was established by Argo Blockchain, whose shares are traded on the London Stock Exchange, and the Canadian DMG Blockchain Solutions, whose securities are traded on the Toronto Stock Exchange. The pool is called Terra Pool, although it has nothing to do with the TerraUSD project.
DMG Blockchain Solutions announced that it had conducted final testing of operations through the mining pool, and initially this pool was launched in private mode in December 2021, when hashes came only from the mining resources of these two companies.
The “highlight” of the new mining pool is what they intend to do, so that absolutely all mining machines that will connect to the pool would use electricity only from renewable energy sources, that is, they are related to the so-called “clean energy”.
Both companies intend to take this issue seriously: it is planned to carry out an independent annual audit of Terra Pool to check whether the work of miners in the pool meets the requirements for the origin of energy.
It is worth noting that investors reacted ambiguously to the incoming news. Shares of Argo Blockchain fell in price, but the securities of DMG Blockchain Solutions, on the contrary, grew. In Canada, we recall, for the first time in the world, ETFs for bitcoins were launched, whose shares are also traded on the Toronto Stock Exchange.
Argo Blockchain expects that the launch of the mining pool will help to correct the situation with the capitalization of the company, which has lost 60.57% since the beginning of the year.
Recall that earlier a large mining company Marathon Digital Said about the intention to continue its activities, despite the decline in the price of cryptocurrency No. 1, and also plans to continue to keep all the mined bitcoins in the corporate treasury.
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