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DMG Blockchain Solutions Reports Third Quarter Results Ending June 30, 2023

DMG Blockchain Solutions Reports Third Quarter Results Ending June 30, 2023

August 30, 2023

DMG Blockchain Solutions Reports Third Quarter Results Ending June 30, 2023

DMG Blockchain Solutions announces its third quarter 2023 auditor reviewed financial results. All financial references are in Canadian Dollars unless specified otherwise.Recent Highlights

Revenue of $7.5 million, 195.7 mined bitcoin on 0.8 EH/s of realized hashrate, net loss of $4.3 million, $0.03 net loss per share
Cash and digital currency of $22.4 million in Q3, up 3% Q/Q and 88% Y/Y, $1.0 million debt
Completed installation of 1 EH/s of nameplate capacity; targeting 1.2 EH/s with additional miners to be installed by the December quarter
Targeting initial deployment of immersion cooling technology in the December quarter
Invested in additional developers for our Core+ business to accelerate development of new products

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DMG Third Quarter 2023 Financial Results and Corporate Update CallCompany management will host a conference call to review third quarter 2023 financial results and provide a corporate update on August 30, 2023 at 4:30 pm ET. Participants are asked to pre-register for the call through this link. Registered participants will receive a Financial Results and Corporate Update Call weblink and dial-in information in their confirmation email.

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