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VANCOUVER, British Columbia, May 26, 2023 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically built-in blockchain and cryptocurrency expertise firm, in the present day publicizes it’ll launch monetary outcomes for its second quarter 2023 ending March 31, 2023 on Tuesday, May 30 after the market shut. The Company will host a convention name to assessment its outcomes and supply a company replace on May 31, 2023 at 4:15 pm ET.

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DMG Receives Energy Web’s Certification for Sustainable Bitcoin Mining

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DMG publicizes it’s among the many first 5 miners to be licensed for sustainable Bitcoin mining by Energy Web, which is an unbiased non-profit that develops open-source software program for clear power options. On May 24, Energy Web introduced its launch of Green Proofs for Bitcoin (GP4BTC.org), a first-of-its sort initiative to ascertain an unbiased, standardized power measurement system for the Bitcoin mining trade.

DMG’s CEO, Sheldon Bennett, commented, “We are pleased to be included among the initial Green Proofs for Bitcoin miner participants. We believe Energy Web’s launch of GP4BTC represents a real first step towards recognizing a broad swath of industry participants for powering their data center equipment utilizing primarily carbon neutral energy sources. We are in sync with Energy Web’s stated goal to create a virtuous cycle where clean mining is easier to define, pursue and monetize so that it eventually becomes the status quo.”

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About Energy Web

Energy Web is a world non-profit accelerating the clear power transition by creating open-source expertise options for power programs. Our enterprise-grade options enhance coordination throughout complicated power markets, unlocking the total potential of unpolluted, distributed power assets for companies, grid operators, and clients. Our options for enterprise asset administration, knowledge alternate, and Green Proofs, our device for registering and monitoring low-carbon merchandise, are underpinned by the Energy Web Chain, the world’s first public blockchain tailor-made to the power sector. The Energy Web ecosystem contains main utilities, renewable power builders, grid operators, company power consumers, automotive, IoT, telecommunications leaders, and extra. More data on Energy Web might be discovered at www.energyweb.org or on Twitter @EnergyWebX.

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About DMG Blockchain Solutions Inc.

DMG is an environmentally pleasant vertically built-in blockchain and cryptocurrency 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 below the Core and Core+ methods and unified by way of DMG’s vertical integration.

For extra data on DMG Blockchain Solutions go to: www.dmgblockchain.com

Follow @dmgblockchain on Twitter and subscribe to DMG’s YouTube channel.

For additional data, please contact:

DMG Blockchain Solutions Inc.
Email: buyers@dmgblockchain.com
Web: www.dmgblockchain.com

Investor Relations Contact:
CORE IR 516-222-2560

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For Media Inquiries:
Jules Abraham
CORE IR
917-885-7378
julesa@coreir.com

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

Cautionary Note Regarding Forward-Looking Information

This information launch incorporates forward-looking data or statements based mostly on present expectations. Forward-looking statements contained on this information launch embody statements relating to the anticipated submitting of the interim monetary statements for the interval ended March 31, 2023 and the convention name, the deliberate monetization of sure product and repair choices, creating and executing on the Company’s merchandise, companies and enterprise plans, the launch of services and products, occasions, programs of motion, and the potential of the Company’s expertise and operations, amongst others, are all forward-looking data.

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Future modifications within the Bitcoin network-wide mining problem price or Bitcoin hash price could materially have an effect on the long run efficiency of DMG’s manufacturing of Bitcoin, and future working outcomes may be materially affected by the worth of Bitcoin and a rise in hash price mining problem.

Forward-looking statements include statements that aren’t purely historic, together with any statements relating to beliefs, plans, expectations, or intentions relating to the long run. Such data can usually be recognized by way of forwarding-looking wording corresponding to “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the destructive thereof or comparable variations. The reader is cautioned that assumptions used within the preparation of any forward-looking data could show to be incorrect. Events or circumstances could trigger precise outcomes to vary materially from these predicted, because of quite a few recognized and unknown dangers, uncertainties, and different components, lots of that are past the management of the Company, together with however not restricted to, market and different circumstances, volatility within the buying and selling value of the widespread shares of the Company, enterprise, financial and capital market circumstances; the power to handle working bills, which can adversely have an effect on the Company’s monetary situation; the power to stay aggressive as different higher financed opponents develop and launch aggressive merchandise; regulatory uncertainties; entry to tools; market circumstances 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 clients, distributors and enterprise companions; the shortcoming so as to add extra energy to DMG’s amenities; DMG’s potential to efficiently outline, design and launch new merchandise in a well timed method that meet clients’ wants; the power to draw, retain and encourage certified personnel; competitors within the trade; the affect of expertise modifications on the merchandise and trade; failure to develop new and revolutionary merchandise; the power to efficiently preserve and implement our mental property rights and defend third-party claims of infringement of their mental property rights; the affect of mental property litigation that might materially and adversely have an effect on the enterprise; the power to handle working capital; and the dependence on key personnel. DMG could not really obtain its plans, projections, or expectations. Such statements and knowledge are based mostly on quite a few assumptions relating to current and future enterprise methods and the setting wherein the Company will function sooner or later, together with the demand for its merchandise, the power to efficiently develop software program, that there will probably be no regulation or legislation that can forestall the Company from working its enterprise, anticipated prices, the power to safe adequate capital to finish its enterprise plans, the power to realize targets and the worth 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 of extremely speculative as a result of nature of DMG’s enterprise. For additional data regarding these and different dangers and uncertainties, confer with the Company’s filings on www.SEDAR.com. In addition, DMG’s previous monetary efficiency is probably not a dependable indicator of future efficiency.

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Factors that might trigger precise outcomes to vary materially from these in forward-looking statements embody, failure to acquire regulatory approval, the continued availability of capital and financing, tools failures, lack of provide of kit, energy and infrastructure, failure to acquire any permits required to function the enterprise, the affect of expertise modifications on the trade, the affect of Covid-19 or different viruses and ailments on the Company’s potential to function, safe tools, and rent personnel, competitors, safety threats together with stolen bitcoins from DMG or its clients, client sentiment in direction of DMG’s merchandise, companies and blockchain expertise usually, failure to develop new and revolutionary merchandise, litigation, adversarial climate or local weather occasions, improve in working prices, improve in tools and labor prices, lower within the value of Bitcoin, failure of counterparties to carry out their contractual obligations, authorities laws, lack of key workers and consultants, and common financial, market or enterprise circumstances. Forward-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 data. The forward-looking statements contained on this information launch are made as of the date of this information launch. Except as required by legislation, the Company disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions, or in any other case. Additionally, the Company undertakes no obligation to touch upon the expectations of or statements made by third events in respect of the issues mentioned above.