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Investing.com - Canaccord Genuity has assumed coverage on DMG Blockchain Solutions (TSXV:DMGI) with a Buy rating, raising the price target to C$0.65 from C$0.47.
The Canadian digital infrastructure company operates with a vertically integrated business model that combines industrial-scale Bitcoin mining with institutional-grade software services, according to Canaccord.
DMG’s Christina Lake facility utilizes renewable power and features modular scalability for Bitcoin mining operations, with potential expansion into Generative AI hosting solutions.
The company’s Core+ initiatives provide an additional layer of recurring software service revenue that is not directly correlated to Bitcoin prices, creating a more diversified revenue stream.
Canaccord views DMG Blockchain as "one of the more technically sophisticated and disciplined operators in the North American landscape," citing its balanced approach to the digital asset sector.
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