DMG BLOCKCHAIN - DMGGF STOCK NEWS

DMG Blockchain Solutions (OTCQB: DMGGF) announced its expansion into large ordinal inscriptions, leveraging its proprietary Petra technology. This positions DMG as a leader in a burgeoning market, facilitated by its Terra Pool, a carbon-neutral Bitcoin mining solution. At the recent Planet MicroCap Showcase 2023, COO Steven Eliscu highlighted the new revenue potential from this expansion. The company has also been granted a US patent for its Petra technology, enhancing its competitive edge. Additionally, DMG has appointed new board members, including Heather Sim as Director and CFO, while granting 213,736 stock options at $0.31 per share, vesting over two years. These developments aim to drive growth while addressing environmental concerns in the blockchain space.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) announced significant new miner purchases totaling 1,550 units, contributing an additional 188 PH/s to its operations. This includes 350 Bitmain S19 Pro, 350 S19 XP, and 850 S19j Pro+ miners. The company recently completed the delivery of 1 EH/s of Bitcoin miners, with only 300 S19 XPs pending. DMG is finalizing logistics for over 40 megawatts of crypto mining containers, anticipated to arrive between July and September 2023. Additionally, DMG will present at the Planet MicroCap Showcase in Las Vegas from April 25-27, 2023. The company is also in the process of repricing 3,321,076 stock options, now reduced to 3,121,076, pending TSX Venture Exchange approval. Investors are reminded to consider potential impacts from Bitcoin mining difficulty and hash rates.

DMG Blockchain Solutions has announced the acquisition of new Bitcoin miners to enhance its operations. The company has secured 350 Bitmain S19 Pro, 350 Bitmain S19 XP, and 850 Bitmain S19j Pro+ miners, totaling an additional 188 PH/s in hashrate. This follows a previous purchase of 1 EH/s of miners, with only one tranche pending. The first batch of containers for mining operations is set to arrive by early July 2023. Additionally, DMG will present at the upcoming Planet MicroCap Showcase in Las Vegas from April 25 to 27, 2023. The company is also undergoing a repricing of stock options, reducing the number from 3,321,076 to 3,121,076.

DMG Blockchain Solutions (OTCQB: DMGGF) reported its March 2023 preliminary bitcoin mining results, mining 78.9 BTC with a hashrate of 0.88 EH/s. The company's bitcoin balance as of March 31, 2023, stood at 443 BTC. DMG also revised its February production figures from 89.2 BTC to 76.7 BTC due to changes in payment structure. The delivery of 42 PH/s of Bitmain S19 XPs miners is now expected in May 2023, with plans to increase hashrate to 1 EH/s. DMG inscribed a unique ordinal collection on the Bitcoin blockchain, showcasing its carbon-neutral mining capabilities. Additionally, the company announced the repricing of 3,321,076 stock options to $0.33 from a range of $0.65-$3.00, pending approval. Terra Pool, its clean energy mining platform, aims to attract more miners with full pay-per-share payments.

DMG Blockchain Solutions (OTCQB: DMGGF) announced several events for April 2023, including its sponsorship of The Nolcha Shows: NFT.NYC on April 12 in Brooklyn, NY, and a presentation at the Planet Microcap Showcase 2023 in Las Vegas on April 26. CEO Sheldon Bennett highlighted DMG's initiatives to monetize Bitcoin transactions via its Terra Pool and Petra technology, aiming to tap into a projected $4.5 billion market for Bitcoin NFTs by 2025. Additionally, DMG granted 1,072,050 stock options to staff, exercisable at $0.32 per share over five years.

DMG Blockchain Solutions has reported preliminary results for February 2023, mining 89.2 bitcoin with a 0.88 EH/s realized hashrate. As of February 28, 2023, DMG's bitcoin balance stands at 435.3 bitcoin. The company expects to receive a final batch of 42 PH/s of Bitmain S19 XPs in April, aiming to grow its hashrate to 1 EH/s. DMG has purchased air-cooled containers that will support over 40 megawatts of mining capacity. Notably, DMG holds no deposits with troubled banks like Silvergate or Silicon Valley Bank. The company plans its Annual General and Special Meeting for May 2023.

DMG Blockchain Solutions (TSX-V: DMGI, OTCQB: DMGGF) reported Q1 2023 financial results, highlighting a revenue of $7.2 million from 274.70 mined bitcoin. This represents a 50% decrease compared to the previous year, driven by a 65% decline in average bitcoin prices. The company faced a net loss of $7.0 million or $0.04 per share, contrasting with a $5.0 million profit last year. Operating costs surged to $4.4 million, primarily due to increased utility expenses. Despite these challenges, DMG maintains a strong balance sheet with $10.9 million in cash and digital assets. Management emphasizes ongoing investments in carbon-neutral technologies.