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DMG Blockchain Solutions Inc
Symbol DMGI
Shares Issued 166,837,002
Close 2021-09-09 C$ 1.19
Market Cap C$ 198,536,032
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DMG Blockchain joins Marathon bitcoin mining pool

2021-09-09 12:09 ET - News Release

Mr. Sheldon Bennett reports


DMG Blockchain Solutions Inc. has become the first Canadian bitcoin miner to join the mining pool of Marathon Digital Holdings Inc., commonly referred to as MaraPool.

MaraPool is a U.S.-based bitcoin mining pool that is fully audited by a third party firm in the United States. The pool provides its members with industry-leading transparency, an intuitive reporting system and access to exclusive services from NYDIG. On Sept. 13, 2021, DMG will begin pointing 100 per cent of its hash rate toward the MaraPool. Upon DMG being the first to join, MaraPool will then be open to additional bitcoin mining companies. Sheldon Bennett, DMG Blockchain's chief executive officer, said: "Marathon has consistently remained at the forefront of not only scaling but professionalizing the bitcoin mining industry. Their mining pool, which leverages our industry-leading software, is no different. While many mining pools lack transparency and accountability, MaraPool excels at both. We believe that being the first to join shows our confidence in MaraPool, and we look forward to others joining and benefiting from MaraPool as well."

"After experiencing difficulties with mining pools outside the U.S., we decided to launch our own pool that would reflect the values and needs of enterprising North American bitcoin miners," said Fred Thiel, Marathon's chief executive officer. "After many months of testing, we have now opened the pool to other bitcoin miners that share our beliefs and our desire to improve miners' processes. DMG Blockchain has long been an innovator in this regard, having worked closely with us on this initiative, and we are pleased to welcome them to MaraPool."

DMG to present at H.C. Wainwright 23rd annual investment conference

In addition, Mr. Bennett will present at the H.C. Wainwright 23rd annual global investment virtual conference, which is being held virtually from Sept. 13 to Sept. 15, 2021. He will deliver the corporate presentation, which will become available beginning on Sept. 13, 2021, at 7 a.m. ET.

Mr. Bennett will also be available for one-on-one meetings throughout the conference.

About DMG Blockchain Solutions Inc.

DMG is an environmentally friendly, vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG's sustainable businesses are segmented into three main divisions: data centre operations, data analytics and forensics, and developing enterprise blockchains. DMG's non-polluting data centre operations focus on earning ecofriendly revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients entirely powered by renewable energy. DMG's data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager and Walletscore, and the company also works with auditors, law firms and law enforcement organizations. DMG's permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG's strategy is to become the domain experts across the business verticals it focuses on. DMG's environmentally committed management team includes seasoned crypto experts, forensic and financial professionals, and blockchain developers with deep relationships throughout the industry and a strong ecological consciousness. Future changes in the bitcoin networkwide mining difficulty rate or bitcoin hash rate may materially affect the future performance of DMG's production of bitcoin, and future operational results could also be materially affected by the price of bitcoin and an increase in hash rate mining difficulty.

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