DMG Energizes 20 Petahash of Self-Mining and 20 Petahash for Hosting Client

Highlights:

• DMG energizes previously announced 500 M30 New Generation Miners for both self-mining and for a hosted client
• Previously announced private placement closed
• DMG appoints Adrian Glover, DMG’s Chief Technology Officer (CTO), to its Board of Directors

VANCOUVER, British Columbia, May 14, 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 miner energizing, closing of private placement and addition of a new director.

Sheldon Bennett, DMG’s Chief Operating Officer (COO), commented, “We are very impressed with the new M30 series of ASIC miners from MicroBT. Built using a 7nm chip technology enables them to provide the greatest hashrate with minimal power draw, which is the ultimate goal of any crypto ASIC manufacturer. We intend to continue adding the newest generation of miners to our fleet and are working with all manufacturing companies on the shortest possible lead times and pricing strategies.”

Energizing these new miners and adding another 20 Petahash (PH) represents another step forward for the Company’s crypto development efforts in using the latest generation crypto miners to meet its short term goal of 100 PH of self-mining and moving to several hundred PH within 2020. DMG has also added another 20 PH to its hosted mining division and will continue its strategy to blend self-mining and hosted mining moving forward.

DMG’s utilization of the newest MicroBT products positions the Company very well for future growth and DMG’s management remains extremely confident about the growth prospects of DMG, both as a self-mining company, as a mining hosting company and as a software company.

Dan Reitzik, DMG’s Chief Executive Officer, added, “DMG recently promoted Adrian Glover as DMG’s CTO and we are excited to now add him to the Company’s Board of Directors. The Board looks forward to adding Mr. Glover’s guidance from beyond the management team to the Company’s overall strategy. Mr. Glover brings a software knowledge base that the Board was previously missing and, as software development becomes more and more relevant to the Company, Mr. Glover’s role on the Board will be essential for the Company’s continued growth and success in the development of our analytics, forensic and enterprise blockchain software products.”