Mr. Sheldon Bennett reports

DMG BLOCKCHAIN SOLUTIONS REPORTS FEBRUARY MINING RESULTS

DMG Blockchain Solutions Inc. has released February preliminary mining results. DMG mined 89.2 bitcoin with a realized hashrate of 0.88 EH/s (exahash per second). DMG's bitcoin balance as of Feb. 28, 2023, was 435.3 bitcoin.

New miner deliveries

DMG now expects its last batch of 42 PH/s (petahashes per second) of Bitmain S19 XPs to be delivered in April, 2023. Along with additional mine improvements, DMG expects to grow its hashrate to one EH/s in April, 2023; this is subject to the receipt, installation and operation of the additional miners.

New infrastructure to support future growth

Additionally, DMG has completed the purchase of air-cooled containers that in aggregate will support more than 40 megawatts of mining. Based on the efficiency of the latest generation of mining rigs, this capacity would support more than one EH/s of additional mining. Delivery to DMG's Christina Lake data centre is now being arranged. DMG chief executive officer Sheldon Bennett commented: "Even during the crypto downturn, DMG continues to invest in its future. We do not expect the purchase to have a material impact on our cash position, but nonetheless, we are strategically positioning ourselves to be ready to rapidly expand mining capacity, and Terra Pool's network share, for either the acquisition of additional miners or to provide hosting services at scale."

Bank deposit exposure

DMG has held no deposits with Silvergate Bank, Silicon Valley Bank nor Signature Bank. DMG holds its cash with large banks ranked in the top 50 globally.

Annual general and special meeting of shareholders

DMG also announces that its annual general and special meeting (AGSM) is planned for the end of May, 2023.

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 two business lines under the Core and Core+ strategies and unified through DMG's vertical integration.

We seek Safe Harbor.