DMG Blockchain Solutions Inc. Announces July Operational Results

VANCOUVER, British Columbia, Aug. 07, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, announces its operational results for July 2024:

• Bitcoin mined: 22 BTC
• Realized hashrate: 0.9 EH/s
• BTC balance: 444 BTC
  

DMG’s CEO, Sheldon Bennett, commented, "In July, DMG faced the dual challenges at our Christina Lake data center facility of a sustained heatwave that negatively impacted our hashrate production and a slower than expected deployment of our new distribution power infrastructure needed to energize our new fleet of 4,550 Bitmain T21 mining servers, which are expected to produce 0.86 EH/s. We now expect to fully energize our T21 mining fleet in the current month of August.”

Grant of Stock Options

DMG also announces it has granted 100,000 stock options (“Options”) to a contractor of the Company. The Options are exercisable for a period of three years at a price of $0.52 per share and will vest as to 25% on each of the three-, six-, nine- and 12-month anniversaries of the grant date.

About DMG Blockchain Solutions Inc.

DMG Blockchain Solutions Inc. stands at the forefront of the blockchain revolution, combining its role as a leading, environmentally conscious entity with a comprehensive suite of services that span digital asset mining and blockchain software development. Dedicated to securing and monetizing the benefits of blockchain technology, DMG serves a diverse portfolio of clients through innovative, end-to-end digital solutions. With a focus on technological advancements and a culture of innovation, the company promotes sustainability and remains a trusted figure in the rapidly evolving global cryptocurrency industry. Its operations, streamlined through its Core and Core+ strategies, underscore DMG’s commitment to vertical integration and environmental sustainability.

For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on Twitter and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights.

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