DMG Blockchain Solutions Releases 2021 Annual Review

Highlights of the Year:

• Core bitcoin mining operations at the Christina Lake Data Centre reached a calendar year high of 420 Ph/s
• Core+ platforms under DMG’s Blockseer brand updated major products including Petra and Helm
• Strategic investments in Black Box, Brane, Bosonic and partnerships with Argo, Zodia, Crypto Climate Accord and Bitcoin Mining Council
  

VANCOUVER, British Columbia, Jan. 20, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, today announces the release of their Annual Review for 2021. Further, the Company is expecting to release its audited financials by January 31, 2022 and will conduct an investor conference call shortly after its financial statements are released.

DMG has had a strong end to the calendar year with December 2021 results of:

Mined Bitcoin: 66.71 BTC
Daily Average: 2.149 BTC
Miners Added: 441 S19J Pros
Hashrate Added: 45 Ph/s
December Max Hashrate: 420 Ph/s

DMG also made its live hashrate publicly available on its website banner, which has hit an all-time high of 464.47 Ph/s since the start of the New Year.

Core Operations - 2021 Reviewed
DMG continued to develop its Core operations in 2021, focusing on self mining and the completion of its data centre’s mining infrastructure in Christina Lake. DMG kicked off the year with independent testing of its immersion mining solution and ended the year with over one exahash of new generation mining equipment purchased, including the S19 XPs, with deliveries started in the Fall of 2021 and continuing throughout 2022.

Early in the 2021 calendar year DMG changed its focus from majority hosting in its facility to focusing on self mining with a few strategic hosting clients. With this new focus DMG added nearly 4,250 S19J Pro miners by the end of 2021, reaching a peak of 420 Ph/s, with monthly additions planned to be received, installed and operating throughout 2022 to reach over 1 exahash (1,000 Ph/s) by the end of 2022.

DMG’s independent immersion testing results, on a small batch of Bitcoin miners, substantiated the Company’s calculations that retrofitting from air to immersion cooling achieves an 18% decrease in miner power consumption with the same amount of computation hashrate. These results enable DMG to use less miners (thus reduce our capital spend) to reach our hashrate goals as well as extend their operating life compared to running fans cooled miners. Due to DMG’s research in immersion being validated the Company will focus on implementation of this technology throughout 2022.