Dmg Blockchain S - DMGGF STOCK NEWS

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.

DMG Blockchain Solutions has been granted a patent by the US Patent and Trademark Office for a method to detect tainted cryptocurrency wallets. This technology supports law enforcement in combating money laundering and fraud, enhancing DMG's Walletscore product that flags risky transactions in real-time. In June 2022, DMG mined 76 bitcoins, increasing its hashrate to 680 PH/s and is on track to reach 1 EH/s by year-end. The company will hold its Annual General and Special Meeting on September 14, 2022.

DMG Blockchain Solutions (OTCQB: DMGGF) has launched Terra Pool, a renewable energy-focused Bitcoin mining pool developed in partnership with Argo Blockchain. Following extensive testing, Terra Pool aims to provide a transparent and ESG-centric mining environment. With goals of 100% clean energy sourcing, it offers unique monetization opportunities for Bitcoin mined through renewable resources. Additionally, the pool is set to undergo annual audits by an independent firm to enhance trust and accountability in its operations.