DMG Welcomes Today’s Bitcoin Reward Halving Event, Presents New Mining Overview, Hosts Investor Presentation Call, Expands Business Development Activities, and Prepares for New Major Projects

Highlights:

• With today’s Bitcoin halving, DMG is well prepared for this major economic event and expects to benefit from the changing market environment.
  
  
• DMG releases its newly created mining overview summarizing the Company’s current institutional-grade Bitcoin mining activities for various interested new customers and shareholders.
  
  
• As part of its successful growth strategy, DMG further expands its business development activities and prepares for new major projects.

VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (DMGI.V) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a diversified blockchain and technology company, is pleased to announce a positive corporate outlook for the next few months.

Bitcoin Halving Event

Bitcoin's next halving is upon us, and trading volumes indicate an all-time high level of interest in this important event, the third in the short lifespan of the world’s original and most valuable cryptocurrency. In general, DMG expects that the halving will be a bullish catalyst for Bitcoin’s price, which is supported by even stronger macroeconomic catalysts, including unprecedented central bank monetary policies, that may drive Bitcoin’s price in the coming months and years.

Dan Reitzik, DMG’s CEO, commented: “One of the reasons Bitcoin was created was to combat increasing inflation, driven by issuing more and more fiat currency. This is the reason ‘halvings’ occur every 4 years, to reduce the supply of new bitcoin created over time, leading to deflation. DMG sees a tremendous upside opportunity for Bitcoin price increases and subsequently for the Company’s, and our clients’ profitability in both the near and long term.”

Bitcoin halving events occur every four years when block rewards paid to Bitcoin miners are cut by 50%. The current block reward of 12.5 BTC will be reduced to 6.25 BTC today. Market data suggests market participants may see increased demand in the form of diverted mining resources, in addition to the reduction in new BTC supply after the halving, which might significantly support the Bitcoin price.

Sheldon Bennett, DMG’s COO added: “DMG invested substantial capital in building its state-of-the-art mining facility and its related power infrastructure as well as attracting long term hosting clients. As a consequence, DMG is very well positioned for future growth and our management team remains extremely excited about the prospects DMG has, both as a hosting company and as a software company, focusing on the rapidly growing cryptocurrency vertical market, including software and services.”