DMG Blockchain Solutions Announces Second Quarter 2024 Results Release Date - Latest Global News

DMG Blockchain Solutions Announces Second Quarter 2024 Results Release Date

Article content

VANCOUVER, British Columbia, May 16, 2024 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertical The integrated blockchain and data center technology company today announces that it will report financial results for the second quarter of 2024, ending March 31, 2024, after the market close on Wednesday, May 22, 2024. The Company will host a conference call on Thursday, May 23, 2024 at 4:30 p.m. ET to review its results and provide a corporate update. Participants should register in advance Here.

Advertising 2

Article content

About DMG Blockchain Solutions Inc.

Article content

DMG is an environmentally friendly, vertically integrated blockchain and data center 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 areas as part of the Core and Core+ strategies and unified through DMG’s vertical integration.

For more information about DMG Blockchain Solutions, visit: www.dmgblockchain.com
Follow @dmgblockchain on Twitter and subscribe to DMG’s YouTube channel.

For further information please contact:

On behalf of the board,

Sheldon Bennett, CEO and Director
Phone: 516-222-2560
E-mail: [email protected]
Network: www.dmgblockchain.com

Investor Relations Contact:
CORE IR 516-222-2560

For media inquiries:
Jules Abraham
CORE IR
917-885-7378
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Article content

Advertising 3

Article content

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking information or statements that are based on current expectations. Forward-looking statements contained in this press release include statements regarding the release of second quarter results and the conference call, the provision of products that enable the monetization of Bitcoin transactions, the development and execution of the Company’s products and services, the increasing of self – Mining and the introduction of products and services, events, practices and the potential of the Company’s technology and operations, among other things, constitute forward-looking information.

Future changes in the network-wide Bitcoin mining difficulty rate or the Bitcoin hash rate may materially impact the future performance of DMG Bitcoin production, and future operating results could also be materially affected by the Bitcoin price and an increase in the hash rate. Mining difficulty can be influenced.

Forward-looking statements are statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking phrasing such as “may,” “expects,” “estimates,” “anticipates,” “intends,” “believes” and “continue” or the negative thereof or similar variations. The reader is cautioned that the assumptions used in preparing forward-looking information may prove to be incorrect. Due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, including, but not limited to, market and other factors, events or circumstances could cause actual results to differ materially from those projected differing conditions, volatility of the trading price of the Company’s common stock, business, economic and capital market conditions; the ability to manage operating expenses that may adversely affect the Company’s financial condition; the ability to remain competitive as other better-funded competitors develop and bring competitive products to market; regulatory uncertainties; access to equipment; market conditions and demand and pricing for products; the demand and pricing of Bitcoins; Security threats, including loss/theft of DMG Bitcoins; DMG’s relationships with its customers, dealers and business partners; the inability to add more power to DMG facilities; DMG’s ability to successfully define, design and timely bring to market new products that meet customer needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technological changes on products and the industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend against claims by third parties for infringement of their intellectual property rights; the impact of intellectual property litigation, which could have a material and adverse effect on the business; the ability to manage working capital; and the dependence on key personnel. DMG may actually not achieve its plans, forecasts or expectations. Such statements and information are based on numerous assumptions about current and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software and the fact that there are no regulations or laws that will prevent the company from operating its business, the expected costs, the ability to secure sufficient capital to implement its business plans, the ability to achieve objectives, and the price of Bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Due to the nature of DMG’s business activities, DMG’s securities are considered highly speculative. For more information about these and other risks and uncertainties, please see the Company’s filings at www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Advertising 4

Article content

Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, and the Failure to obtain permits required to operate the business, the impact of technological changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment and employ personnel, competition, security threats, including stolen Bitcoins from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology in general, failure to develop new and innovative products, litigation, adverse weather or climate events, increases in operating costs, increases in equipment and labor costs, equipment failures, Declines in the price of Bitcoin, failure of counterparties to meet their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Furthermore, the Company assumes no obligation to comment on the expectations or statements of third parties with respect to the matters mentioned above.


Article content

Sharing Is Caring:

Leave a Comment