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DMG Blockchain Solutions Inc. (OTCQB: DMGGF) is regularly featured in news releases covering its activities as a vertically integrated blockchain and data center technology company. The company issues frequent updates on Bitcoin mining performance, AI infrastructure plans, partnerships with Indigenous communities and developments in its digital asset financial services business, providing investors with a detailed view of its operations and strategy.
News items often include monthly or quarterly operational results, such as bitcoin mined, hashrate levels and bitcoin balances. DMG also reports on financial results, including revenue from digital currency mining and related activities, cash flow from operations, total assets and net income or loss. These disclosures give readers insight into how changes in Bitcoin network difficulty, energy usage and capital allocation affect the company’s performance.
Another recurring theme in DMG’s news is its AI and data center strategy. Releases describe plans to transition the Christina Lake facility toward AI, the purchase of prefabricated data center infrastructure, and the intended acquisition of a data center property in Boardman, Oregon. The company also highlights MOUs with the Malahat Nation to develop Indigenous-led AI data centers and a regulated utility to support clean energy and digital infrastructure on Malahat lands.
In addition, DMG’s news flow covers progress at its Systemic Trust digital asset custody subsidiary, stock option and RSU grants, and conference call announcements for quarterly and annual results. Readers who follow DMGGF news can track how DMG’s Bitcoin mining metrics, AI initiatives, Indigenous partnerships and custody services evolve over time. Bookmarking this page allows ongoing access to operational updates, financial disclosures and strategic announcements directly from the company’s public communications.
DMG Blockchain Solutions announced that its external auditors need additional time to complete the audit for the financial year ended September 30, 2021. Consequently, the company will miss the January 28, 2022 deadline for filing its audited annual financial statements and CEO/CFO certifications. DMG plans to apply for a management cease trade order (MCTO) from the British Columbia Securities Commission, which would restrict trading of its securities. If the MCTO is granted but the filings are not completed in time, a general cease trade order may be issued, halting all trading of DMG's common shares.
DMG Blockchain Solutions Inc. announced its Annual Review for 2021, highlighting a calendar year high of 420 Ph/s in its bitcoin mining operations at the Christina Lake Data Centre. The company mined 66.71 BTC in December with an average of 2.149 BTC daily. It has invested strategically in Black Box, Brane, Bosonic and formed partnerships with Argo, Zodia, Crypto Climate Accord. DMG plans continue in 2022, aiming for over 1 exahash through ongoing data center development and implementation of immersion cooling technology.
DMG Blockchain Solutions has appointed John M. Place as an independent director, bringing extensive legal and compliance experience to the board. Place's background includes corporate governance and compliance roles, and he is currently with Export Development Canada. The company’s CEO, Sheldon Bennett, will also participate in the B. Riley Crypto Conference on December 8, 2021, offering one-on-one meetings with investors. DMG aims to enhance its leadership and compliance capabilities while promoting its sustainable blockchain solutions.
DMG Blockchain Solutions has announced the purchase of 1,800 Bitmain Antminer S19 XPs, expected to significantly boost its Bitcoin mining capacity. With the current operating hashrate at 360 Ph/s, DMG anticipates exceeding 400 Ph/s by December 2021. The new miners will contribute an additional 252 Ph/s, bringing the total hashrate to over 1 Eh/s. The shipment is scheduled to commence in July 2022. Additionally, 2,845,750 stock options were granted to directors and employees, exercisable over three years at $1.20 per share.
DMG Blockchain Solutions Inc. announced successful transactions with Zodia Custody using its Blockseer platform, Petra. The new function enhances optionality in crypto transactions, including KYC and AML checks, with tests completed on October 11, 2021. Petra emphasizes transactions routed through carbon-neutral facilities, promoting sustainability in crypto operations. CEO Sheldon Bennett highlighted that Petra fulfills institutional demands for governance and regulatory compliance. This partnership signifies a milestone towards broader institutional crypto adoption, aligning with ESG goals.
DMG Blockchain Solutions has announced its entry as the first Canadian Bitcoin miner into Marathon Digital Holdings' MaraPool, a fully audited U.S.-based Bitcoin mining pool. Starting September 13, 2021, DMG will direct its entire hashrate to the pool, which emphasizes transparency and accountability. This partnership aims to innovate and enhance the mining experience for North American miners. CEO Sheldon Bennett expressed confidence in MaraPool's capabilities.
DMG will also present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, highlighting its corporate strategies and technological advancements.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) is set to hold a conference call on September 1, 2021, at 5:00 PM ET to review its third quarter financial results. DMG will release its financials on August 30, 2021, after market close. Participants must pre-register for the call, with options for both internet and telephone access. The call will feature pre-submitted questions and will be available for replay for limited time post-event. DMG is involved in blockchain and cryptocurrency solutions, focusing on eco-friendly mining and enterprise software development.
DMG Blockchain Solutions Inc. has appointed Heather Sim as the new Chief Financial Officer, succeeding Ryan Cheung, alongside John Kim as Corporate Secretary. Heather Sim, a CPA, has been instrumental in DMG's public reporting for the past two years, while John Kim brings over 23 years of corporate experience. The company is also set to engage in two virtual investor conferences from August 17 to 19, 2021, where CEO Sheldon Bennett will present and hold one-on-one meetings with investors.
DMG Blockchain Solutions (OTCQB: DMGGF) has announced a $2 million strategic investment in Bosonic Inc., enhancing its ability to provide institutional blockchain services. The investment aims to foster cryptocurrency adoption among institutions by leveraging Bosonic's innovative technology for eliminating counterparty risks in digital asset transactions.
CEO Sheldon Bennett expressed that this partnership aligns with DMG’s vision of providing advanced financial services and integrating their Blockseer ecosystem, potentially leading to increased revenue streams from new clients and product offerings.
DMG Blockchain Solutions has secured a hosting agreement for 2,000 Bitcoin miners, which will enhance its hashrate by an additional 220 PH/s. These miners, the latest Antminer S19 Pro models, operate using clean hydroelectric energy. CEO Sheldon Bennett highlighted the strategic importance of this deal for DMG’s Core Infrastructure strategy, aiming to strengthen relationships with long-term hosting clients and expedite capital deployment for future projects. This move positions DMG to leverage increased Bitcoin network activity while adhering to sustainable practices.