Dmg Blockchain S - DMGGF STOCK NEWS

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) has reported a management cease trade order (MCTO) effective January 31, 2022, due to delays in completing its annual audit for the fiscal year ending September 30, 2021. The company's external auditors require additional time for the internal review and audit procedures, citing business growth as a contributing factor. DMG plans to file its audited financial statements by March 31, 2022. No material changes have occurred since the last update, and trading of DMG's securities remains unaffected by the MCTO.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) issued a default status report following a management cease trade order effective January 31, 2022, due to delays in filing financial statements for the year ended September 30, 2021. The British Columbia Securities Commission granted this order, as auditors required extra time for their review. DMG has confirmed no material changes since its last announcement and is set to file its Annual Filings by March 31, 2022. The cease trade order does not inhibit shareholders from trading DMGGF securities.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) has received a management cease trade order (MCTO) from the British Columbia Securities Commission (BCSC) due to the late filing of its 2021 Annual Financial Statements. The MCTO, effective from January 31, 2022, prohibits the CEO and CFO from trading the company's securities until the financial statements and certifications are filed, which must be done by March 31, 2022. Shareholders can still trade the company's common shares on the TSX Venture Exchange. The company will issue bi-weekly updates regarding the status of the financial statements.

DMG Blockchain Solutions announced that its external auditors need additional time to complete the audit for the financial year ended September 30, 2021. Consequently, the company will miss the January 28, 2022 deadline for filing its audited annual financial statements and CEO/CFO certifications. DMG plans to apply for a management cease trade order (MCTO) from the British Columbia Securities Commission, which would restrict trading of its securities. If the MCTO is granted but the filings are not completed in time, a general cease trade order may be issued, halting all trading of DMG's common shares.

DMG Blockchain Solutions Inc. announced its Annual Review for 2021, highlighting a calendar year high of 420 Ph/s in its bitcoin mining operations at the Christina Lake Data Centre. The company mined 66.71 BTC in December with an average of 2.149 BTC daily. It has invested strategically in Black Box, Brane, Bosonic and formed partnerships with Argo, Zodia, Crypto Climate Accord. DMG plans continue in 2022, aiming for over 1 exahash through ongoing data center development and implementation of immersion cooling technology.

DMG Blockchain Solutions has appointed John M. Place as an independent director, bringing extensive legal and compliance experience to the board. Place's background includes corporate governance and compliance roles, and he is currently with Export Development Canada. The company’s CEO, Sheldon Bennett, will also participate in the B. Riley Crypto Conference on December 8, 2021, offering one-on-one meetings with investors. DMG aims to enhance its leadership and compliance capabilities while promoting its sustainable blockchain solutions.

DMG Blockchain Solutions has announced the purchase of 1,800 Bitmain Antminer S19 XPs, expected to significantly boost its Bitcoin mining capacity. With the current operating hashrate at 360 Ph/s, DMG anticipates exceeding 400 Ph/s by December 2021. The new miners will contribute an additional 252 Ph/s, bringing the total hashrate to over 1 Eh/s. The shipment is scheduled to commence in July 2022. Additionally, 2,845,750 stock options were granted to directors and employees, exercisable over three years at $1.20 per share.

DMG Blockchain Solutions Inc. announced successful transactions with Zodia Custody using its Blockseer platform, Petra. The new function enhances optionality in crypto transactions, including KYC and AML checks, with tests completed on October 11, 2021. Petra emphasizes transactions routed through carbon-neutral facilities, promoting sustainability in crypto operations. CEO Sheldon Bennett highlighted that Petra fulfills institutional demands for governance and regulatory compliance. This partnership signifies a milestone towards broader institutional crypto adoption, aligning with ESG goals.

DMG Blockchain Solutions has announced its entry as the first Canadian Bitcoin miner into Marathon Digital Holdings' MaraPool, a fully audited U.S.-based Bitcoin mining pool. Starting September 13, 2021, DMG will direct its entire hashrate to the pool, which emphasizes transparency and accountability. This partnership aims to innovate and enhance the mining experience for North American miners. CEO Sheldon Bennett expressed confidence in MaraPool's capabilities.

DMG will also present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, highlighting its corporate strategies and technological advancements.