DMG BLOCKCHAIN - DMGGF STOCK NEWS

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) has opened access to the Bosonic Network for Terra Pool members, offering a secure decentralized trading platform. The company raised $1 million through debt financing against a real estate asset, with plans for further financing to upgrade its mining facility. CEO Sheldon Bennett increased his shareholding, buying 500,000 shares, showcasing confidence in DMG's growth. Upcoming investor presentations include participation in several conferences from November 30 to December 8, 2022.

DMG Blockchain Solutions (OTCQB: DMGGF) reported October 2022 results, mining 82 bitcoin with a hashrate of 0.72 EH/s. As of October 31, DMG holds 346 bitcoin. Despite delays in receiving new miners, the company expects to reach a hashrate of 1 EH/s by year-end, pending installation. The firm also appointed Heather Sim as Corporate Secretary. DMG emphasizes the impact of market conditions and bitcoin prices on its operations, highlighting its focus on environmentally sustainable blockchain solutions.

DMG Blockchain Solutions, a blockchain technology firm, will showcase its corporate overview at the LD Micro Main Event XV on October 25, 2022, at 2:30 PM PT in Los Angeles. The presentation will be led by CEO Sheldon Bennett and COO Steven Eliscu. DMG recently held its annual meeting, where shareholders approved several resolutions, including the re-election of four directors and the appointment of Kingston Ross Pasnak LLP as auditors. DMG focuses on sustainable solutions within the blockchain ecosystem, emphasizing regulated operations in the cryptocurrency sector.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) is now actively trading on the Bosonic Network™, enhancing its bitcoin to fiat exchange process. This partnership allows for lower costs and risks through decentralized financial market infrastructure (dFMI). DMG mined 77 bitcoins in September 2022, bringing its total to 344 bitcoins. The company anticipates achieving a hashrate of 1 EH/s by year-end. Additionally, 1,697,500 stock options were granted to directors and employees, exercisable at $0.24 per share over five years.

DMG Blockchain Solutions reported its 3Q22 financial results and provided an outlook for future performance. Revenue decreased 12% quarter-over-quarter to $10.5 million, with a net loss of $12.2 million for the quarter. DMG mined 212 bitcoin, an increase of 8%, while the average mined bitcoin price dropped to C$42,288. The company aims to enhance its self-mining capacity to 1 EH/s by year-end. Additionally, DMG will present at the 24th Annual H.C. Wainwright Global Investment Conference from September 12-14, 2022, focusing on its corporate strategy and operational updates.

DMG Blockchain Solutions announced they will release their third quarter financial results on August 29, 2022, after market close. A conference call is scheduled for August 30, 2022, at 4:30 PM ET.

Participants must pre-register for the call and may also access a live webcast. The call will include a Question-and-Answer session where management will address pre-submitted questions. DMG is a vertically integrated blockchain and cryptocurrency technology company.

DMG Blockchain Solutions (OTCQB: DMGGF) announces the appointment of John D. (J.D.) Abouchar as an independent Board Director and member of the Audit Committee, effective August 22, 2022, following Nick Seto's resignation. Abouchar, founder of Glass Creek Partners, brings over 30 years of capital markets experience. His role will focus on corporate governance and shareholder engagement, aiming to attract institutional investors. Both Abouchar and director Kelly Allin were granted 200,000 stock options at $0.33 per share. DMG is committed to sustainable blockchain solutions.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) has announced a change of auditor from Manning Elliott LLP to Kingston Ross Pasnak LLP. This transition aims to facilitate the filing of its financial statements for the fiscal year ending September 30, 2022. Additionally, DMG reported mining 54 Bitcoin in July 2022, bringing its total Bitcoin holdings to 324 BTC. The company expects to enhance its mining capacity with the arrival of new miners in August, aiming to grow its hashrate to 1 EH/s by year-end.