Dmg Blockchain S - DMGGF STOCK NEWS

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.

DMG Blockchain Solutions Inc. (DMGGF) has released its preliminary operational results for August 2024. The company mined 21 BTC with a hashrate of 0.94 EH/s and maintains a BTC balance of 453. DMG expects to fully install 4,550 Bitmain T21 miners by the end of September, with 40% already energized, producing about 0.35 EH/s. The company's legacy fleet is optimized for summer heat, contributing 0.75 EH/s, for a total of 1.1 EH/s. DMG aims to reach 1.7 EH/s at an efficiency of 23 J/TH once all T21 miners are operational. The company anticipates more stable hashrates as cooler weather approaches from late September.

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.