DMG Blockchain Solutions Reiterates Leadership in Bitcoin Blockchain Services

VANCOUVER, British Columbia, Feb. 29, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, reiterates its technology leadership position for non-standard Bitcoin transactions, having been the first to perform the ordinal inscription of a large digital art collection with 535 DeGods ordinals on February 13, 2023 in Bitcoin block 776508, which was mined by Terra Pool, DMG’s carbon neutral pool. According to DeGods as posted on X, this was “the first time in history every transaction in a single Bitcoin block was constructed for an artistic purpose.”

Recently, Marathon Digital Holdings issued a press release stating, “Marathon is the first Bitcoin mining company to offer a direct transaction submission service. Because it is the only publicly traded Bitcoin mining company that operates its own mining pool, Marathon is also the only known publicly traded Bitcoin miner currently capable of offering such services.” DMG, which is also a publicly traded Bitcoin mining company, has been offering similar services for over a year, as it has its own pool, Terra Pool, which is powered by carbon neutral energy.

DMG publicly announced on February 15, 2023 that it had utilized its Petra technology for performing several transactions. Subsequently, on March 2, 2023, DMG announced it was leading the Bitcoin industry having utilized its Petra technology to be among the first to place carbon neutral large ordinal transactions (i.e. > 400 kilobytes) onto the Bitcoin blockchain.

The DeGods collection was only one of a number of large ordinals inscribed by DMG including:

• February 16, 2023 - Rare Scrilla Counterparty Dancing Frog (Block 776884, 3.60 megabytes)
• February 23, 2023 - Bitcoin War Bonds (Block 777945, 3.93 megabytes)
• March 22, 2023 - Bitcoin Magazine cover (Block 786501, 3.98 megabytes)
  

DMG’s achievements extend well beyond inscriptions of large ordinals: DMG supported publishing of Bored Ape Yacht Club’s “TwelveFold” collection (Block 778772) as posted on X: “The satoshis that will be used to inscribe TwelveFold were sourced from a block mined by Terra Pool, a Bitcoin mining pool exclusively powered by green energy.” DMG also pioneered per ordinal rights transfer with its Multi-Breeze technology in Block 784173, in which it inscribed a large ordinal collection of 100 sequential art pieces. More recently, DMG has utilized its technology to inscribe parent-child ordinals ahead of the now de facto standard (Block 811775) as well as perform a novel method to incentivize validators of carbon neutral bitcoin transactions (Block 823323).