DMG BLOCKCHAIN - DMGGF STOCK NEWS

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) is set to present at the 2024 Annual Gateway Conference in San Francisco, CA. The company's management will deliver a presentation on Thursday, September 5 at 12 p.m. Pacific Time. This event offers investors a unique opportunity to gain insights into DMG's operations and future plans.

Key points:

• Presentation will be webcast live and available for replay
• Management will be available for one-on-one meetings throughout the conference
• The conference takes place at the Four Seasons Hotel on September 4-5, 2024

Interested parties can request an invitation or schedule meetings by emailing conference@gateway-grp.com.

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) reported its fiscal Q3 2024 results. Revenue increased 11% year-over-year to $8.3M, driven by a 5% rise in self-mining revenues. The company reported a net loss of $3.8 million, an improvement from the previous year. DMG mined 87 bitcoin in Q3, down from 152 in Q2, with a hashrate of 0.95 EH/s. The company's balance sheet shows $39.6 million in cash and digital currency, and $111 million in total assets. CEO Sheldon Bennett noted supply chain issues delayed the deployment of new miners, impacting profitability. The company aims to regain profitability by increasing hashrate, improving fleet efficiency, and executing Core+ software initiatives.

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) has announced key dates for its Q3 2024 earnings release and upcoming investor conferences. The company will release its financial results for the third quarter ending June 30, 2024, on August 26, 2024, after market close. A conference call to discuss these results is scheduled for August 27, 2024, at 4:30 PM ET.

Additionally, DMG management will participate in two investor conferences: the 2024 Gateway Conference on September 4-5 in San Francisco, with a presentation on September 4 at 12:00 PM PT, and the H.C. Wainwright 26th Annual Global Investment Conference on September 9-11 in New York City, presenting on September 10 at 8:30 AM ET.

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) has released its operational results for July 2024. The company mined 22 Bitcoin with a realized hashrate of 0.9 EH/s and maintained a BTC balance of 444. DMG faced challenges due to a heatwave and delayed deployment of new infrastructure at its Christina Lake data center. The company expects to fully energize its new fleet of 4,550 Bitmain T21 mining servers in August, which should produce 0.86 EH/s. Additionally, DMG granted 100,000 stock options to a contractor, exercisable at $0.52 per share over three years with a staggered vesting schedule.

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) has received approval to incorporate Systemic Trust Company (STC) in Alberta. STC aims to provide secure custody of digital assets for institutional clients. The company is now working to obtain a certificate of registration from Alberta's Ministry of Treasury Board and Finance.

STC's CEO, Lawrence Truong, highlighted Alberta's business-friendly environment and the potential for increased cryptocurrency adoption in Canada. DMG's CEO, Sheldon Bennett, emphasized that this milestone aligns with DMG's Core+ strategy, enabling financial institutions to use Terra Pool, the world's first carbon-neutral bitcoin mining pool, potentially advancing cryptocurrency adoption while meeting regulatory and environmental requirements.

DMG Blockchain Solutions announced its operational results for June 2024. Key metrics include 24 Bitcoin mined, a realized hashrate of 0.98 EH/s, and a BTC balance of 464. CEO Sheldon Bennett highlighted the company's deployment of 4,550 new Bitmain T21 miners, expected to be fully operational in July. Despite summer heat, hashrate declines were minimal thanks to new infrastructure improvements. The company aims to achieve a near-term hashrate growth goal of 1.7 EH/s and beyond.

DMG Blockchain Solutions has announced its operational results for May 2024. The company mined 23 bitcoins with an average hashrate of 0.94 EH/s, showing progress in mining efficiency. By May 31, 2024, DMG's bitcoin balance was 449 BTC, indicating a strategic reserve for future capital deployment.

DMG's Bitmain T21 mining fleet, expected to generate 0.86 EH/s, is now scheduled to be operational in July 2024, delayed from the initial end-of-June timeline due to extended lead times for interconnection components.

The company has also granted 1,406,090 stock options to employees and directors, exercisable at $0.61 per share over five years, with vesting in 25% increments every six months.

DMG Blockchain Solutions announced its fiscal Q2 2024 results. Key highlights include a 31% revenue increase to $10M, driven by a 39% rise in self-mining revenues. Net income was slightly positive, maintaining profitability for the second consecutive quarter despite a 22% drop in bitcoin mined. The company recorded $4.5M in cash flow from operations, a 19% rise from the previous quarter, and holds $43.6M in cash and digital currency. Plans include deploying Bitmain T21 miners to achieve a hashrate of 1.7 EH/s by June, with a long-term target of 2 EH/s. Operating and maintenance costs rose to $5.3M, impacting net pool revenue negatively by $1.3M.

DMG Blockchain Solutions (TSX-V: DMGI, OTCQB US: DMGGF, Frankfurt: 6AX) will release its financial results for the second quarter of 2024, ending March 31, on May 22, 2024, after the market close.

The company, a blockchain and data center technology provider, will also host a conference call to discuss the results and provide a corporate update on May 23, 2024, at 4:30 pm ET. Interested parties are encouraged to register in advance for the call.