DMG BLOCKCHAIN - DMGGF STOCK NEWS

DMG Blockchain Solutions (OTCQB: DMGGF) has scheduled the release of its fourth quarter and full year 2024 financial results for Wednesday, December 18, 2024, after market close. The company will host a conference call on Thursday, December 19, 2024, at 4:30 PM ET to discuss the results and provide a corporate update. Shareholders can participate in a live Q&A session and submit questions via email to investors@dmgblockchain.com until 2:00 PM ET on December 19, 2024.

DMG Blockchain Solutions reported its November 2024 operational results, mining 32 BTC compared to 34 BTC in October, while increasing hashrate to 1.66 EH/s from 1.53 EH/s. Bitcoin holdings grew to 423 BTC from 399 BTC. The company recently closed a $17.3 million unit offering and purchased 5 megawatts of Bitmain S21+ Hydro miners, aiming to reach 2.1 EH/s by early 2025. Additionally, management demonstrated confidence through share purchases, with CEO Sheldon Bennett acquiring 99,461 shares and COO Steven Eliscu purchasing 107,000 shares.

DMG Blockchain Solutions announces the purchase of 5-megawatt Bitmain hydro miners for approximately US$5 million, expanding its mining operations. The miners feature 15 J/TH efficiency at $15/TH/s. Installation is planned in phases, with 1 megawatt by December 2024 and 5 megawatts by February 2025. This expansion will increase DMG's hashrate by 0.4 EH/s to reach 2.1 EH/s with 21 J/TH fleet efficiency. The company recently raised $16 million, allocating $7 million for mining equipment. DMG is also considering investments in AI infrastructure and Systemic Trust, its digital asset custody subsidiary.

DMG Blockchain Solutions has achieved SOC 2 Type II compliance, meeting AICPA standards for service organizations. This certification validates DMG's enterprise-level security for customer data in Terra Pool. Additionally, the company has purchased its first tranche of Bitmain S21 Hydro miners at under $15 per TH/s to fill a one-megawatt hydro mining container. These miners, with 16 J/TH efficiency, will produce 63 PH/s and are expected to be installed at the Christina Lake facility by year-end. DMG plans to order miners for the remaining five megawatts of hydro mining capacity in early 2025.

DMG Blockchain Solutions reported its October 2024 operational results, mining 34 BTC (up from 23 BTC in September) with a hashrate of 1.53 EH/s (up from 1.1 EH/s). The company holds 399 BTC after liquidating $2.0M for Systemic Trust regulatory capital and $1.0M to repay a property-secured loan. DMG purchased six hydro mining containers for delivery this quarter, which could increase hashrate by 0.4 EH/s to reach 2.1 EH/s total. The company fully repaid its $1M property-secured loan, originally taken when BTC was at $22,715, benefiting from BTC's rise to $69,908.

DMG Blockchain Solutions has acquired Reactor.xyz from Navier, Inc., enhancing its blockchain ecosystem with automated hashrate contract management capabilities. Reactor's patented balancing algorithm ensures reliable hashrate delivery, allowing Bitcoin miners to sell hashrate directly to buyers for upfront payments. DMG has increased its hashrate to 1.6 EH/s, representing a 50% monthly growth. The integration with Terra Pool will enable the offering of carbon-neutral hashrate contracts, potentially commanding premium pricing. The platform can handle hashrate deliveries ranging from 100 TH/s to over 1 EH/s.

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) has released its preliminary Bitcoin operational results for September 2024. The company mined 23 BTC with a hashrate of 1.1 EH/s and holds 436 BTC. DMG is transitioning approximately 0.15 EH/s of its mining fleet to a third-party hosting provider in Canada to enhance operational flexibility.

The company has successfully energized its Bitmain T21 mining fleet, bringing its current operating hashrate to approximately 1.6 EH/s, including externally hosted miners. DMG is on track to reach its near-term goal of 1.7 EH/s. CEO Sheldon Bennett emphasized that these steps are part of DMG's strategy to maximize operational efficiency and enhance Bitcoin production, aiming to deliver long-term value to shareholders through strategic execution and innovation.

DMG Blockchain Solutions has been granted U.S. Patent No. 11,810,103 for its Custom Mempool Protocol, enhancing control and security in processing cryptographic events. This patented system allows applications to send events to hashing processors operating on a custom protocol, separate from the public blockchain.

The technology forms the foundation of DMG's Petra platform, which has been successfully tested by financial institutions and ordinal creators. It's a key component of DMG's Core+ strategy, offering a carbon-neutral and regulatory-compliant environment for transactions.

Additionally, DMG management will present at the ArcStone-Kingswood Growth Summit 2024 on September 26 in Toronto. The company has also granted 398,920 stock options and 2,000,000 restricted stock units to employees and directors, aiming to align long-term performance with company growth.

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) has announced that its wholly owned affiliate, Systemic Trust Company (STC), has successfully completed a SOC 2 Type 1 attestation. This compliance, issued on August 29, 2024, validates STC's enterprise-level security for customer data. The examination was conducted by a licensed CPA firm in New York City.

SOC 2 is a voluntary compliance standard developed by the American Institute of CPAs (AICPA) that specifies how organizations should manage customer data. It is based on five Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy. As part of its ongoing commitment to high compliance standards, STC is scheduled for a follow-up SOC 2 Type 2 attestation in 2025.