DMG BLOCKCHAIN - DMGGF STOCK NEWS

DMG Blockchain Solutions (OTCQB: DMGGF) has appointed Steven Eliscu as Chief Operating Officer. Formerly an Independent Director, Eliscu brings extensive experience from companies in the blockchain and semiconductor sectors. His leadership aims to enhance DMG's 'Core and Core+' strategy, focusing on increasing mining capacity and ensuring ESG compliance in bitcoin transactions. DMG also granted 2,730,000 stock options to its executives, exercisable over five years at $0.37 per share, highlighting its commitment to aligning management interests with shareholder value.

DMG Blockchain Solutions announced that CEO Sheldon Bennett will present a corporate overview at the Planet MicroCap Showcase 2022 in Las Vegas from May 3-5, 2022. Bennett's presentation is scheduled for May 4 at 4:00 PM Pacific Time. He will also be available for one-on-one meetings at the event. DMG is a vertically integrated blockchain company focused on eco-friendly cryptocurrency solutions, operating data centers powered by renewable energy and providing data analytics and blockchain development services. For webcast details, visit here.

DMG Blockchain Solutions reported a record revenue of $14.2 million for Q1 2022, surging 639% year-over-year. The company achieved a net income of $5.9 million, a dramatic increase from a $21,000 loss the previous year. DMG held 432 BTC and maintained a strong balance sheet with $119 million in total assets as of December 31, 2021. The earnings per share (EPS) rose to $0.03, up from a loss of $0.01.

Management credits new crypto miners for this growth.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) issued a default status report on March 14, 2022, in accordance with National Policy 12-203. This follows a management cease trade order (MCTO) effective from January 31, 2022, due to delays in filing annual financial statements for the fiscal year ending September 30, 2021. The company expects to complete the audit by the end of March 2022 and will continue to provide bi-weekly updates until the filing is rectified. The MCTO does not hinder shareholders from trading securities.

DMG Blockchain Solutions (OTCQB: DMGGF) announced preliminary revenue guidance for Q1 2021-22, projecting consolidated revenues between $13.5 million and $14 million, a significant 260% increase over Q4 2021's $3.5-$4 million. This growth is attributed to a rise in mining capacity, with expected coin production of 175-180 BTC, up 260% from Q4's 47-50 BTC. DMG's hashrate also saw a substantial gain, increasing to approximately 410 Ph/s from 280 Ph/s. The company continues to diversify revenue streams through its Core+ strategy and is focused on self-mining operations.

DMG Blockchain Solutions has provided preliminary revenue guidance for the fourth quarter ending September 30, 2021. The company anticipates consolidated revenue to be between $3.5 - $4 million, a significant increase of 50-55% from $1.7 million in Q3 2021. Crypto mining capacity has expanded, with an estimated production of 47-50 BTC for Q4, marking a 600% increase from Q3. DMG has ordered 7,850 S19j Pros and 1,800 S19 XPs miners, expected to boost hashrate significantly. Audited financial statements will be released in March 2022.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) has reported a management cease trade order (MCTO) effective January 31, 2022, due to delays in completing its annual audit for the fiscal year ending September 30, 2021. The company's external auditors require additional time for the internal review and audit procedures, citing business growth as a contributing factor. DMG plans to file its audited financial statements by March 31, 2022. No material changes have occurred since the last update, and trading of DMG's securities remains unaffected by the MCTO.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) issued a default status report following a management cease trade order effective January 31, 2022, due to delays in filing financial statements for the year ended September 30, 2021. The British Columbia Securities Commission granted this order, as auditors required extra time for their review. DMG has confirmed no material changes since its last announcement and is set to file its Annual Filings by March 31, 2022. The cease trade order does not inhibit shareholders from trading DMGGF securities.

DMG Blockchain Solutions Inc. (OTCQB: DMGGF) has received a management cease trade order (MCTO) from the British Columbia Securities Commission (BCSC) due to the late filing of its 2021 Annual Financial Statements. The MCTO, effective from January 31, 2022, prohibits the CEO and CFO from trading the company's securities until the financial statements and certifications are filed, which must be done by March 31, 2022. Shareholders can still trade the company's common shares on the TSX Venture Exchange. The company will issue bi-weekly updates regarding the status of the financial statements.