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DMG Blockchain Solutions goes live on Bosonic Network. Provides September mining results for The Canadian Business Journal

VANCOUVER, British Columbia, October 3, 2022 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or “Company”), Vertical The integrated blockchain and cryptocurrency technology company announced that it has been onboarded and is now actively trading on the Bosonic Network™. Using Bosonic’s Decentralized Financial Market Infrastructure (dFMI) technology, DMG converts Bitcoin into fiat currency at a lower risk and lower cost than traditional exchanges. Additionally, DMG is working with Bosonic to bring his dFMI technology to all Terra Pool members.

DMG, developer of Terra Pool (www.terrapool.io), brings together bitcoin miners to create a carbon-neutral bitcoin. DMG recently announced the opening of Terra Pool to the general Bitcoin mining public and the development of a capital market to access Greenhi Bitcoins. Our partnership with Bosonic offers key features and benefits such as:

  • Settle cross-custodian trades and transactions from your own custodial account
  • User’s bitcoin security is enhanced as the traditional “exchange wallet” is never touched
  • Ability to set limit orders for buy and sell transactions
  • Real-time monitoring of bid-ask spreads from a tradable aggregation of streaming liquidity on top exchanges and market makers instead of intermediaries quoting and re-quoting prices
  • Instant settlement of each sale transaction and ultra-fast transfer of BTC/fiat currency
  • Self-service exchange with reduced fees compared to traditional OTC desks

DMG CEO Sheldon Bennett commented: “The Bosonic Network connects our custodians directly to institutional investors without intermediaries, providing a unique real-time clearing and settlement infrastructure for digital asset trading. We have tested exchanges that have sold over $2 million in bitcoin and are very pleased with the results.”

Bosonic CEO Rosario Ingargiola said: “Providing institutional investors access to carbon-neutral mined Bitcoin continues our focus on ESG and sustainability as we build the future capabilities of the network.”

Preliminary Mining Results in September

In September 2022, DMG mined 77 Bitcoins with a realized hashrate of 0.65 EH/s. In the September quarter, DMG mined 200 Bitcoins. DMG’s Bitcoin balance as of September 30, 2022 was 344 Bitcoins. DMG has reached its target regarding the original schedule of delivery of received miners, subject to the receipt, installation and operation of additional miners, in order to increase the hashrate to 1 EH/s by the end of 2022.

Grant of stock options

DMG also announced the grant of 1,697,500 stock options (“Options”) to its directors and employees. The options are exercisable for five years at a price of $0.24 per share, and he vests 25% on the 6th, 12th, 18th and 24th month anniversaries respectively of the date of grant.

About Bosonic
Founded in 2016, Bosonic is the leading decentralized financial markets infrastructure, dFMI, with offices in San Francisco, New York and London, to eliminate counterparty credit and settlement risk in digital asset markets. We offer best-in-class infrastructure.

The Bosonic Network™ provides institutional investors with a patented liquidity and custodian agnostic solution, enabling tokenization of assets and collateral, bringing liquidity aggregation and DMA to the best exchanges and market makers. provide to Payments (PvP) Atomic Execution and Settlement, Cross Margin, Cross Custodian Net Settlements, Payments.

Bosonic Enterprise Solutions are complete front-to-back, white-labeled SaaS deployments of the same technology for use in other regulated FMI, bank or brokerage digital asset platforms. Bosonic Network and Bosonic Enterprise Solutions are best-in-class shaping the future of digital asset markets by de-risking and maximizing capital efficiency for hedge funds, family offices, banks, brokers, asset managers and other market participants. provides blockchain infrastructure for

About Terrapool
Terra Pool is a cryptocurrency mining platform operated by DMG’s Blockseer software company. Terra Pool is the world’s first Bitcoin mining pool focused on clean energy. The initiative aims to accelerate the transition from conventional electricity to clean energy and reduce the impact of bitcoin mining on the environment. Terra Pool aggregates the computing power of individual miners and prorates received rewards and transaction fees among miners to ensure that miners are rewarded more consistently.

About DMG Blockchain Solutions

DMG is a green, vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions for monetizing the blockchain ecosystem. DMG’s sustainable business will be divided into two business lines under the Core strategy and Core+ strategy and will be integrated through DMG’s vertical integration.

Future changes in mining difficulty or bitcoin hashrate across the bitcoin network may have a material impact on the future performance of DMG’s bitcoin production, and future performance will depend on bitcoin price and hash rate. It could also be significantly impacted by an increase in rate mining difficulty.

For more information on DMG blockchain solutions, please visit: www.dmgblockchain.com

follow @dmgblockchain on Twitter subscribe DMG’s YouTube channel.

On behalf of the Board of Directors,

Sheldon Bennett, CEO and Director

For more information, please contact:

DMG Blockchain Solutions Co., Ltd.

Email: [email protected]

web: www.dmgblockchain.com

Investor Information Contact:

Core IR (516) 222-2560

Media inquiries:

Jules Abraham, Head of Communications

Core IR

(917) 885-7378

[email protected]

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding the use and benefits of Bosonic’s products and services, Terra Pool’s growth and expectations, the development and execution of our products and services, and the growth and achievement of Bitcoin self-mining. Includes a description. Year-end target of 1 EH/s, expected arrival of new miners and increase in hashrate after miners are installed and operational, product and service launches, events, courses of action, and company technology and operations possibility, and above all, all forward-looking information.

Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information is generally forward-looking statements such as “may,” “expect,” “estimate,” “expect,” “intend,” “believe,” “continue,” or It can be identified using its negative form, or similar variations. Readers are cautioned that the assumptions used in preparing the forward-looking information may prove to be incorrect. Actual results may differ materially from projections due to events and circumstances. It is the result of a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, including but not limited to market and other factors. Hmm. conditions, the volatility of the trading price of our common stock, business, economic and capital market conditions; Ability to control operating expenses that could adversely affect the company’s financial position. Ability to remain competitive as other more well-funded competitors develop and release competitive products. regulatory uncertainty; access to equipment; market conditions, demand and pricing for products and services; Bitcoin demand and price; Security threats, including loss/theft of DMG’s Bitcoin; DMG’s relationship with its customers, distributors and business partners; Inability to add power to DMG facilities. DMG’s ability to define, design and release new products in a timely manner to meet customer needs. Ability to attract, retain and motivate qualified personnel. competition in the industry; impact of technological changes on products and industries; Failure to develop new and innovative products. Ability to successfully maintain and enforce our intellectual property rights and defend third party claims of intellectual property infringement. The impact of intellectual property litigation that may be material and adverse to your business. ability to manage working capital; and reliance on key personnel. DMG may not actually achieve its plans, projections or expectations. Such statements and information are based on current and future business strategies and a number of assumptions regarding the demand for our products and services, our ability to successfully develop software, and our future business environment of an unregulated environment. Or the laws that interfere with the company’s business operations, the expected costs, the ability to secure sufficient capital to complete the business plan, the ability to reach its goals, and the price of Bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. DMG securities are considered highly speculative due to the nature of DMG’s business. Please refer to our filings at www.SEDAR.com for more information regarding these and other risks and uncertainties. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Factors that could cause actual results to differ materially from the forward-looking statements include failure to obtain regulatory approvals, continued availability of capital and funding, equipment failures and equipment failures. These include supply shortages, power and infrastructure, and severe weather and climate change. , the failure to obtain the necessary permits to operate our business, the impact of technological change on our industry, the impact of COVID-19 or other viruses or illnesses on our ability to operate, secure our equipment, or employ personnel; competition, security threats, Bitcoin stolen from DMG or its customers, consumer sentiment towards DMG’s products and services, and blockchain technology in general, failure to develop new and innovative products, litigation, increased operating costs, Increases in equipment and labor costs, declines in the price of Bitcoin, failure by counterparties to fulfill their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market, or business conditions. Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, we disclaim any intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, we undertake no obligation to comment on any third party expectations or statements regarding the above matters.

CBJ Newsmaker

DMG Blockchain Solutions goes live on Bosonic Network. Provides September mining results for The Canadian Business Journal

Source link DMG Blockchain Solutions goes live on Bosonic Network. Provides September mining results for The Canadian Business Journal

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