DMG Blockchain Solutions Purchases 1,800 Additional ASIC – GlobeNewswire

DMG Blockchain Solutions Purchases 1,800 Additional ASIC – GlobeNewswire

VANCOUVER, British Columbia, April 26, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTCQB US) (FRANKFURT:6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, today announces the purchase of an additional 1,800 bitcoin ASIC miners, which is an additional approximate 180 PH/s, increasing DMG’s total hashrate to well over 680 PH/s.

DMG’s continuing negotiations with leading Bitcoin mining equipment manufacturers has enabled the Company to purchase further equipment for mid-term delivery. Delivery of these miners is expected to begin in August 2021 and continue for the next 12 months.

“As described during the Company’s April 22, 2021 conference call, DMG continues to focus its Core+ strategy by increasing the procurement of newest generation equipment. Along with its Core strategy, DMG will work to transition these miners to immersion cooling to gain further efficiencies in power consumption and increased over all hashrate,” said DMG’s CEO, Sheldon Bennett. “With the addition of these miners, along with our commitment to our Core+ strategy of investing and growing the Blockseer platforms, DMG continues to execute on its vertical integration.”

H.C. Wainwright & Co. Virtual Conference “Cryptocurrency, Blockchain and FinTech Conference”

DMG’s CEO, Sheldon Bennett, will be participating in the Cryptocurrency Mining Panel on Tuesday, April 27, 2021 at 10:00 a.m. Eastern time alongside our peers. The Cryptocurrency Mining Panel will explore financial adoption and regulation.

DMG also announces that it has issued