Mogo Plans to Launch Bitcoin Mine in British Columbia

[jamie.redman1]

Fintech Company Mogo Plans to Launch Bitcoin Mine in British Columbia

This week the publicly traded firm Mogo Finance Technology Inc. (TSX: MOGO) announced the creation of a new subsidiary called Mogo Blockchain. The fintech company’s new endeavor is a partnership with the firm DMG Blockchain Solutions in order to launch a bitcoin mining facility in British Columbia.

The fintech firm Mogo Finance Technology believes that cryptocurrencies are the future and the company’s latest venture will enter the world of bitcoin mining. Mogo Blockchain has created an alliance with the Vancouver-based company DMG, as the two firms have plans on opening a new mining operation in British Columbia. The facility will focus on bitcoin mining, hosting (mining as a service (MaaS), and blockchain platform development. Mogo says the firm will begin by leasing 1,000 bitcoin mining rigs and expects the facility to be fully operational by the end of this quarter.

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