DMG Blockchain Solutions Inc. Announces Q3 2024 Earnings

VANCOUVER, British Columbia, Aug. 21, 2024 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, today announces that it will report financial results for its third quarter 2024, ending on June 30, 2024 on August 26, 2024 after the close of the market, will release.

Q3 2024 earnings results and conference call details

DMG will host a conference call to review its third quarter 2024 financial results and provide a corporate update on August 27, 2024 at 4:30 PM ET. Participants must register for the call via the Zoom registration link below.

Conference Call Registrationhttps://us02web.zoom.us/webinar/register/WN_tF8XlkHmTn2FQzuJI6kH_A

In addition to a live Q&A session via chat, management will also address pre-set questions. Those wishing to submit a question may do so by email to [email protected], using the subject line ‘Conference Call Question Submission’, until 2:00 PM ET on August 27, 2024.

DMG management at upcoming investor conferences

DMG management will present at the 2024 Gateway Conference on September 4-5 at the Four Seasons Hotel in San Francisco. The company’s presentation is scheduled for Wednesday, September 4 at 12:00 PM PT and will also be webcast live: https://wsw.com/webcast/gateway2/dmgi/2136708.

Company management will also present at the HC Wainwright 26th Annual Global Investment Conference, September 9-11, at the Lotte New York Palace in New York City. The company’s presentation is scheduled for Tuesday, September 10, at 8:30 a.m. ET.

About DMG Blockchain Solutions Inc.

DMG Blockchain Solutions Inc. is at the forefront of the blockchain revolution, combining its role as a leading, environmentally conscious entity with a comprehensive range of services spanning digital asset mining and blockchain software development. Dedicated to securing and monetizing the benefits of blockchain technology, DMG serves a diverse portfolio of clients through innovative, end-to-end digital solutions. With a focus on technological advancement and a culture of innovation, the company promotes sustainability and remains a trusted figure in the rapidly evolving global digital asset industry. Its operations, streamlined by its Core and Core+ strategies, highlight DMG’s commitment to vertical integration and environmental sustainability.

For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on Twitter and subscribe to the DMG YouTube channel to keep up with the latest developments and insights.

For further information, please contact:

On behalf of the Board of Directors,

Sheldon Bennett, CEO and DirectorTel: 516-222-2560Email: [email protected]: www.dmgblockchain.com

Investor Relations ContactCORE IR 516-222-2560

For media inquiries Jules AbrahamCORE [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding presentation at upcoming conferences, release of third quarter financial results, DMG’s strategies and plans, delivery of products that enable the monetization of bitcoin transactions, development and execution on the company’s products and services, the increase of self-mining, the introduction of products and services, events, actions and the potential of the company’s technology and operations, among others, are all forward-looking information.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hash rate could materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hash rate -mining problems.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking language such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, including but not limited to, market and other factors. conditions, volatility in the trading price of the Company’s common stock, business, economic and capital market conditions; the ability to manage operating expenses, which could adversely affect the Company’s financial condition; the ability to remain competitive as other better-funded competitors develop and release competing products; regulatory uncertainties; access to equipment; market conditions and the demand and prices for products; the demand and pricing of bitcoin; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meets customer needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technological changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the reliance on key personnel. DMG may not actually achieve its plans, projections or expectations. Such statements and information are based on numerous assumptions regarding current and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or legislation . that will prevent the company from operating its business, expected costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information on these and other risks and uncertainties, refer to the company’s filings at www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of provision of equipment, power and infrastructure, failure to obtain any permits obtain. necessary to operate the business, the impact of technology changes on the industry, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, secure equipment and hire staff, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment toward DMG’s products, services and blockchain technology in general, failure to develop new and innovative products, litigation, adverse weather or climatic events, increase in operating costs, increase in equipment and labor costs, equipment failures, decline in the price of Bitcoin, failure of counterparties to meet their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.