DMG partners with Sygnum Bank to provide credit facilities

Cryptocurrency technology company DMG Blockchain has announced a partnership with Swiss bank Sygnum Bank. As a strategic banking partner, Sygnum Bank will provide a credit line of $9 million (equivalent) to enhance DMG Blockchain's operational capacity before the expected Bitcoin halving in April 2024. The funds will mainly be used to purchase 4,550 T21 190TH/s Bitcoin miners from Bitmain Technologies, priced at $12,103,000 ($14/TH/s).