DMG Announces June Mining Results

DMG Blockchain Solutions announces June 2023 preliminary mining results: DMG mined 53.2 bitcoin with 0.71 EH/s realized hashrate. DMG’s bitcoin balance as of June 30, 2023 was 509 bitcoin.

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Prime TrustIn addition to the vast majority of DMG’s digital assets being self-custodied, DMG does have a portion at Prime Trust, a qualified custodian, in the state of Nevada. Recently Prime Trust was issued a cease-and-desist order from the State of Nevada, Department of Business and Industry, Financial Institutions Division (FID) and then subsequently was petitioned to be placed into receivership. DMG currently holds approximately 49 bitcoin and 45 ether which it does not have access to while the FID investigates Prime Trust. The Company does not have a timeline for access to those assets while the Nevada regulator is undertaking its investigation.The inability to access its digital assets held at Prime Trust will have no effect on DMG’s business operations nor plans.

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About DMG

DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.

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Blockseer

Blockseer licenses blockchain software products to help enable crypto adoption and growth.

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Core & Core+ 

DMG’s businesses are segmented into two main divisions: Core Crypto Infrastructure and Core + Software & Services.

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