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DMG Blockchain Solutions Inc. (DMG) is a leading company dedicated to the development and management of blockchain-based solutions. DMG focuses on monetizing the blockchain ecosystem through innovative digital solutions while prioritizing sustainability. The company is actively involved in decarbonizing the Bitcoin blockchain, offering technologies like Terra Pool and Petra for carbon-neutral mining and transactions. Recent collaborations with Energy Web and PayPal aim to establish industry standards for sustainable blockchain applications in finance. DMG's CEO, Sheldon Bennett, emphasizes the company's commitment to environmental responsibility and technological advancement.
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DMG Blockchain Solutions Inc. announces preliminary mining results for March 2024, revealing 49.8 bitcoin mined with a realized hashrate of 1.0 EH/s. The Company's bitcoin balance as of March 31, 2024, stood at 446 bitcoin. Additionally, DMG Management will participate in the DigitalABC's First Annual Blockchain Law, Regulation, and Policy Conference on April 8, 2024, discussing key topics like crypto asset mining, taxation, government involvement, and emerging trends.
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DMG Blockchain Solutions Inc. announces operational updates including new mining capacity, miner deployment plan, and progress on a new data center site. The company is also granting stock options to employees and directors.
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DMG Blockchain Solutions Inc. reports strong preliminary mining results for February 2024, with 49.3 bitcoin mined and a 1.0 EH/s realized hashrate. The company's bitcoin balance as of February 29, 2024, was 454 bitcoin, and it anticipates the first half of its 4,550 unit miner purchase from Bitmain to ship in March 2024.
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DMG Blockchain Solutions Inc. reaffirms its technology leadership in non-standard Bitcoin transactions by inscribing large digital art collections using its Petra technology and carbon neutral pool, Terra Pool. The company has been at the forefront of innovative services and decarbonization efforts in the Bitcoin industry.
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DMG Blockchain Solutions Inc. commits CAD $3.5 million to establish a digital asset custody solution in Calgary, Alberta for institutional clients. The solution aims to build credibility and trust in cryptocurrency by offering secure wallet solutions, insurance policies, risk management practices, and OFAC compliant blockchain solutions. Systemic Trust, a subsidiary of DMG, will provide regulated custody for digital assets to financial institutions, asset managers, and public sector organizations. The board of directors includes industry experts with diverse backgrounds. Lawrence Truong, with extensive capital markets experience, will lead Systemic Trust as CEO.
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DMG Blockchain Solutions Inc. announces strong fiscal first quarter 2024 financial results with $9.7 million revenue, $1.5 million operating loss, and $7.0 million net income. The company also reports mining 196 bitcoins, signing an agreement with Bitmain Technologies, and achieving significant cash flow growth.
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DMG Blockchain Solutions Inc. has been recognized as a 2024 Top 50 Company by the TSX Venture Exchange, ranking second in the Technology category. The company's strong performance is attributed to market capitalization, share price appreciation, and trading volume. CEO Sheldon Bennett emphasizes the focus on cash flow generation and operational management for sustained growth.
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DMG Blockchain Solutions Inc. announces financial results for Q1 2024, operational updates, new mining capacity, data center site development, immersion cooling technology progress, new loan to Bosonic, and engagement with Power Mining Analysis Ltd.
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DMG Blockchain Solutions Inc. partners with Sygnum Bank to secure a US$9 million credit facility for the purchase of bitcoin miners ahead of the Bitcoin halvening in April 2024. The loan is interest-bearing at 7.8% annually and secured against the Company's digital currency assets. DMG aims to optimize its balance sheet and maintain its healthy bitcoin holding.
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DMG Blockchain Solutions Inc. reports January 2024 preliminary mining results, with 53.5 bitcoin mined and a 0.89 EH/s realized hashrate. Despite a 3.5 day substation outage, the company aims to operate closer to its nameplate hashrate of 1.2 EH/s, with a bitcoin balance of 468 as of January 31, 2024.
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FAQ
What is the current stock price of DMG BLOCKCHAIN (DMGGF)?
The current stock price of DMG BLOCKCHAIN (DMGGF) is $0.32 as of November 22, 2024.
What is the market cap of DMG BLOCKCHAIN (DMGGF)?
The market cap of DMG BLOCKCHAIN (DMGGF) is approximately 60.0M.
What is DMG Blockchain Solutions Inc. focused on?
DMG is dedicated to developing and managing blockchain-based solutions with a focus on sustainability and technological innovation.
What technologies does DMG offer for carbon-neutral mining and transactions?
DMG provides technologies like Terra Pool and Petra to enable carbon-neutral mining and transactions on the Bitcoin blockchain.
Who are DMG's recent collaborators in the industry?
DMG has collaborated with Energy Web and PayPal to establish industry standards for sustainable blockchain applications in finance.
What is CEO Sheldon Bennett's emphasis within DMG?
CEO Sheldon Bennett emphasizes DMG's commitment to environmental responsibility and technological advancement in the blockchain space.
What are some of DMG's recent achievements and initiatives?
DMG has made significant progress in decarbonizing the Bitcoin blockchain and promoting sustainable practices through its technologies and industry partnerships.
How does DMG plan to expand its mining capacity?
DMG is undergoing rapid expansion to augment its mining fleet with new generation miners and expand its electrical infrastructure to grow its mining capacity to 3 EH/s.
What unique opportunities does DMG offer for investors and industry peers?
DMG's CEO and COO are available for one-on-one meetings to engage directly with investors and peers, providing insights into the company's growth strategy and expansion plans.
Where can I find more information about DMG Blockchain Solutions Inc.?
For more information about DMG and its initiatives, visit www.dmgblockchain.com, follow @dmgblockchain on Twitter, and subscribe to DMG's YouTube channel.
How can I contact DMG Blockchain Solutions Inc. for investor relations or media inquiries?
For investor relations, contact CORE IR at 516-222-2560. For media inquiries, reach out to Jules Abraham at 917-885-7378 or julesa@coreir.com.
What is DMG's approach to sustainability and technological advancement?
DMG combines sustainability principles with technological innovation to drive advancements in the blockchain ecosystem and promote environmentally responsible practices.
What recent industry standards is DMG aiming to establish?
DMG, in collaboration with Energy Web and PayPal, is working towards setting new industry standards for sustainable blockchain applications in finance, contributing to the global decarbonization efforts.
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