DMG Blockchain Solutions Announces Q1 2024 Financial Results Release Date, Operational and Bosonic Investment Updates - Seite 2

DMG’s CEO, Sheldon Bennett commented, “DMG is making good progress to transform its Christina Lake data center facility and to proceed with the development of our potential second site that will enable us to grow beyond 2 EH/s capacity. As we look at how Bitcoin mining infrastructure is continuing to evolve, we are staying at the forefront with deployment of immersion cooling technology along with infrastructure for a new generation of highly efficient miners that run on 3-phase power.”

New Loan to Bosonic

DMG announces it has provided a total of an additional US$600,000 of debt financing to Bosonic, Inc. to support its continued development and help enable it to sustain cash flow positive operations. As of September 30, 2023, DMG had provided US$150,000 of debt and during the three months ended December 31, 2023, DMG had provided a further US$450,000 of debt to Bosonic. The debt is interest bearing at 7.5% and is due within 18 months.

DMG Engages Power Mining Analysis Ltd.

DMG announces it has engaged Power Mining Analysis Ltd. to support DMG’s marketing efforts to increase awareness and show how it performs as a Bitcoin miner relative to its peer group. Power Mining Analysis was founded by Anthony Power and Bryce McNallie, both well-known Bitcoin mining industry analysts. This engagement began on February 1, 2024 at a cost of US$3,500 per month.

About DMG Blockchain Solutions Inc.

DMG is an environmentally friendly vertically integrated blockchain and data center company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG’s vertical integration.

For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
Follow @dmgblockchain on X and subscribe to DMG's YouTube channel.

For further information, please contact:

On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director
Tel: [phone]
Email: [e-mail]
Web: www.dmgblockchain.com

Investor Relations Contact:
CORE IR 516-222-2560

For Media Inquiries:
Jules Abraham
CORE IR
917-885-7378
[e-mail]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.