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VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) — DMG Blockchain Options Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Firm”), a vertically built-in blockchain and cryptocurrency know-how firm, pronounces October 2023 preliminary mining outcomes: DMG mined 59.2 bitcoin with 0.87 EH/s realized hashrate. DMG’s bitcoin stability as of October 31, 2023 was 462 bitcoin. DMG exited October with simply over 1 EH/s of realized hashrate, which represents a 50% enhance versus the September quarter. The Firm is working to enhance the operation of its fleet in order that its realized hashrate is nearer to its fleet nameplate hashrate of 1.2 EH/s within the coming months.
About DMG Blockchain Options 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 strains beneath the Core and Core+ methods and unified by means of 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
E-mail: traders@dmgblockchain.com
Net: www.dmgblockchain.com
Investor Relations Contact
CORE IR 516-222-2560
For Media Inquiries
Jules Abraham
CORE IR
917-885-7378
julesa@coreir.com
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 Notice Concerning Ahead-Wanting Data
This information launch accommodates forward-looking info or statements based mostly on present expectations. Ahead-looking statements contained on this information launch embrace statements relating to DMG’s methods and plans, the anticipated enhance in realized hashrate, growing and executing on the Firm’s services and products, rising self-mining, the launch of services and products, occasions, programs of motion, and the potential of the Firm’s know-how and operations, amongst others, are all forward-looking info.
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 value of bitcoin and a rise in hash price mining problem.
Ahead-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 info can typically be recognized by way of forwarding-looking wording equivalent to “could”, “anticipate”, “estimate”, “anticipate”, “intend”, “consider” and “proceed” or the destructive 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, on account of quite a few recognized 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 frequent shares of the Firm, enterprise, financial and capital market situations; the power to handle working bills, which can adversely have an effect on the Firm’s monetary situation; the power 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 amenities; DMG’s skill to efficiently outline, design and launch new merchandise in a well timed method that meet prospects’ wants; the power to draw, retain and encourage certified personnel; competitors within the business; the affect of know-how modifications on the merchandise and business; failure to develop new and progressive 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 data are based mostly on quite a few assumptions relating to current and future enterprise methods and the atmosphere by which the Firm will function sooner or later, together with the demand for its merchandise, the power to efficiently develop software program, that there will likely be no regulation or legislation that may forestall the Firm from working its enterprise, anticipated prices, the power to safe enough capital to finish its enterprise plans, the power 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 of extremely speculative because of the nature of DMG’s enterprise. For additional info regarding these and different dangers and uncertainties, confer with the Firm’s filings on www.sedarplus.ca. As well as, DMG’s previous monetary efficiency is probably not 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 apparatus, energy and infrastructure, failure to acquire any permits required to function the enterprise, the affect of know-how modifications on the business, the affect of Covid-19 or different viruses and ailments on the Firm’s skill to function, safe gear, and rent personnel, competitors, safety threats together with stolen bitcoins from DMG or its prospects, client sentiment in direction of DMG’s merchandise, companies and blockchain know-how typically, failure to develop new and progressive merchandise, litigation, hostile climate or local weather occasions, enhance in working prices, enhance in gear and labor prices, gear failures, lower within the value of Bitcoin, failure of counterparties to carry out their contractual obligations, authorities laws, lack of key workers 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 on account 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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