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April 12, 2024
Blockchain Technology

DMG Blockchain Solutions Reiterates Leadership in Bitcoin

VANCOUVER, British Columbia, Feb. 29, 2024 (GLOBE NEWSWIRE) — DMG Blockchain Options Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically built-in blockchain and information middle know-how firm, reiterates its know-how management place for non-standard Bitcoin transactions, having been the primary to carry out the ordinal inscription of a big digital artwork assortment with 535 DeGods ordinals on February 13, 2023 in Bitcoin block 776508, which was mined by Terra Pool, DMG’s carbon impartial pool. In line with DeGods as posted on X, this was “the primary time in historical past each transaction in a single Bitcoin block was constructed for an inventive function.”

Lately, Marathon Digital Holdings issued a press launch stating, “Marathon is the primary Bitcoin mining firm to supply a direct transaction submission service. As a result of it’s the solely publicly traded Bitcoin mining firm that operates its personal mining pool, Marathon can be the one identified publicly traded Bitcoin miner at the moment able to providing such providers.” DMG, which can be a publicly traded Bitcoin mining firm, has been providing comparable providers for over a yr, because it has its personal pool, Terra Pool, which is powered by carbon impartial vitality.

DMG publicly introduced on February 15, 2023 that it had utilized its Petra know-how for performing a number of transactions. Subsequently, on March 2, 2023, DMG introduced it was main the Bitcoin business having utilized its Petra know-how to be among the many first to put carbon impartial massive ordinal transactions (i.e. > 400 kilobytes) onto the Bitcoin blockchain.

The DeGods assortment was solely one among quite a lot of massive ordinals inscribed by DMG together with:

  • February 16, 2023 – Uncommon Scrilla Counterparty Dancing Frog (Block 776884, 3.60 megabytes)
  • February 23, 2023 – Bitcoin Conflict Bonds (Block 777945, 3.93 megabytes)
  • March 22, 2023 – Bitcoin Journal cowl (Block 786501, 3.98 megabytes)

DMG’s achievements prolong nicely past inscriptions of enormous ordinals: DMG supported publishing of Bored Ape Yacht Membership’s “TwelveFold” assortment (Block 778772) as posted on X: “The satoshis that can be used to inscribe TwelveFold have been sourced from a block mined by Terra Pool, a Bitcoin mining pool completely powered by inexperienced vitality.” DMG additionally pioneered per ordinal rights switch with its Multi-Breeze know-how in Block 784173, through which it inscribed a big ordinal assortment of 100 sequential artwork items. Extra not too long ago, DMG has utilized its know-how to inscribe parent-child ordinals forward of the now de facto commonplace (Block 811775) in addition to carry out a novel technique to incentivize validators of carbon impartial bitcoin transactions (Block 823323).

DMG’s CEO Sheldon Bennett commented, “DMG has invested for years to create one of the vital complete Bitcoin community infrastructure and utility software program suites together with a strong portfolio of mental property. We’re happy with what we have now been in a position to accomplish, and with our continued investments, we have now a possibility to not solely be one of many first to supply new progressive providers but in addition speed up decarbonization of the Bitcoin blockchain.”

About DMG Blockchain Options Inc.

DMG is an environmentally pleasant vertically built-in blockchain and information middle firm that manages, operates and develops end-to-end digital options to monetize the blockchain ecosystem. DMG’s sustainable companies are segmented into two enterprise traces beneath the Core and Core+ methods and unified by DMG’s vertical integration.

For extra info on DMG Blockchain Options go to: www.dmgblockchain.com
Comply with @dmgblockchain on Twitter and subscribe to DMG’s YouTube channel.

For additional info, please contact:

On behalf of the Board of Administrators,

Sheldon Bennett, CEO & Director
Tel: 516-222-2560
Electronic mail: buyers@dmgblockchain.com
Net: www.dmgblockchain.com

Investor Relations Contact
Core IR 516-222-2560

For Media Inquiries
Jules Abraham
Core IR

Neither the TSX Enterprise Alternate nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.

Cautionary Observe Relating to Ahead-Wanting Data

This information launch comprises forward-looking info or statements primarily based on present expectations. Ahead-looking statements contained on this information launch embrace statements concerning DMG’s methods and plans, delivering merchandise that allow the monetization of bitcoin transactions, creating and executing on the Firm’s services, rising self-mining, the launch of services, occasions, programs of motion, and the potential of the Firm’s know-how and operations, amongst others, are all forward-looking info.

Future adjustments within the Bitcoin network-wide mining problem charge or Bitcoin hash charge could materially have an effect on the longer term efficiency of DMG’s manufacturing of bitcoin, and future working outcomes is also materially affected by the value of bitcoin and a rise in hash charge mining problem.

Ahead-looking statements encompass statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations, or intentions concerning the longer term. Such info can typically be recognized by means of forwarding-looking wording reminiscent of “could”, “count on”, “estimate”, “anticipate”, “intend”, “consider” and “proceed” or the adverse thereof or comparable variations. The reader is cautioned that assumptions used within the preparation of any forward-looking info could show to be incorrect. Occasions or circumstances could trigger precise outcomes to vary materially from these predicted, because of quite a few identified and unknown dangers, uncertainties, and different elements, lots of that are past the management of the Firm, together with however not restricted to, market and different situations, volatility within the buying and selling value of the widespread shares of the Firm, enterprise, financial and capital market situations; the flexibility to handle working bills, which can adversely have an effect on the Firm’s monetary situation; the flexibility to stay aggressive as different higher financed rivals develop and launch aggressive merchandise; regulatory uncertainties; entry to gear; market situations and the demand and pricing for merchandise; the demand and pricing of bitcoins; safety threats, together with a loss/theft of DMG’s bitcoins; DMG’s relationships with its prospects, distributors and enterprise companions; the lack so as to add extra energy to DMG’s services; DMG’s means to efficiently outline, design and launch new merchandise in a well timed method that meet prospects’ wants; the flexibility to draw, retain and inspire certified personnel; competitors within the business; the impression of know-how adjustments on the merchandise and business; failure to develop new and progressive merchandise; the flexibility to efficiently keep and implement our mental property rights and defend third-party claims of infringement of their mental property rights; the impression of mental property litigation that might materially and adversely have an effect on the enterprise; the flexibility to handle working capital; and the dependence on key personnel. DMG could not truly obtain its plans, projections, or expectations. Such statements and knowledge are primarily based on quite a few assumptions concerning current and future enterprise methods and the surroundings through which the Firm will function sooner or later, together with the demand for its merchandise, the flexibility to efficiently develop software program, that there can be no regulation or legislation that may stop the Firm from working its enterprise, anticipated prices, the flexibility to safe enough capital to finish its enterprise plans, the flexibility to attain objectives and the value of bitcoin. Given these dangers, uncertainties, and assumptions, you shouldn’t place undue reliance on these forward-looking statements. The securities of DMG are thought-about extremely speculative because of the nature of DMG’s enterprise. For additional info regarding these and different dangers and uncertainties, discuss with the Firm’s filings on www.sedarplus.ca. As well as, DMG’s previous monetary efficiency will not be a dependable indicator of future efficiency.

Components that might trigger precise outcomes to vary materially from these in forward-looking statements embrace, failure to acquire regulatory approval, the continued availability of capital and financing, gear failures, lack of provide of kit, energy and infrastructure, failure to acquire any permits required to function the enterprise, the impression of know-how adjustments on the business, the impression of Covid-19 or different viruses and ailments on the Firm’s means to function, safe gear, and rent personnel, competitors, safety threats together with stolen bitcoins from DMG or its prospects, shopper sentiment in the direction of DMG’s merchandise, providers and blockchain know-how typically, failure to develop new and progressive merchandise, litigation, adversarial climate or local weather occasions, improve in working prices, improve in gear and labor prices, gear failures, lower within the value of Bitcoin, failure of counterparties to carry out their contractual obligations, authorities rules, lack of key staff and consultants, and normal financial, market or enterprise situations. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking info. The forward-looking statements contained on this information launch are made as of the date of this information launch. Besides as required by legislation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions, or in any other case. Moreover, the Firm undertakes no obligation to touch upon the expectations of or statements made by third events in respect of the issues mentioned above. 

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