Terra Pool Joins Crypto Climate Accord

VANCOUVER, British Columbia, June 30, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”) a publicly traded, vertically built-in blockchain and cryptocurrency know-how firm, pronounces immediately that Terra Pool, a clear Bitcoin mining pool partnership between DMG and Argo Blockchain plc (LSE: ARB.L) has joined the Crypto Climate Accord (CCA) to speed up digital options that decarbonize the crypto mining and blockchain sector as an entire. DMG, together with Argo, are the primary two signatories of the CCA.

Together with a fast-growing neighborhood, Terra Pool joins the CCA as an energetic supporter by informing and testing new open-source Hashrate software program now in improvement that can make it apparent for bitcoin miners to confirm their renewable vitality sourcing. CCA supporters like Terra Pool approve of the Accord’s aims and are concerned with serving to advise, develop, and scale options in assist of the CCA.

“DMG is dedicated to continued assist of the Crypto Climate Accord with the introduction of Terra Pool,” said Sheldon Bennett, CEO of DMG. “Additionally, utilizing DMG’s proprietary information centre administration software program, which is particularly designed for crypto miners in addition to working with EnergyWeb, the CCA’s know-how companion, collectively we will scale sooner and convey technical vitality options to the business combining industrial energy monitoring and bitcoin miner consumption.”

“We at Energy Web are excited to work along with Terra Pool and DMG’s software program staff to construct inexperienced Hashrate software program that bitcoin mining swimming pools like Terra Pool can use for its KYC course of and ongoing monitoring of miners within the pool,” mentioned Jesse Morris, CEO of Energy Web. “Together, we will set a brand new digital customary for ESG transparency for different sectors to comply with.”

DMG will likely be discussing Terra Pool on the Unlocking Blockchain Adoption Mining Disrupt Conference in Miami, Florida on July 20-21, 2021. Please go to the Company’s sales space (#63) through the occasion.

About Terra Pool

Terra Pool is the world’s first Bitcoin mining pool powered solely by clear vitality. The goal of this initiative is to expedite the shift from typical energy to scrub vitality and cut back the influence of Bitcoin mining on the setting.

Sustainable Mining
DMG’s aim is to remove important greenhouse fuel emissions over the subsequent decade. DMG’s management in Terra Pool intends to work with like-minded Bitcoin miners to expedite the shift from typical energy to scrub vitality.

Transparency on Energy Consumption
Terra Pool will supply higher transparency and can carry change to the crypto mining sector, creating a powerful incentive and platform for crypto miners to supply Bitcoin in a climate-conscious approach.

About the CCA

In an effort to decarbonize the worldwide crypto business by prioritizing local weather stewardship and creating the chance for the whole crypto business’s transition to net-zero greenhouse fuel emissions by 2040, the CCA has outlined the next aims:

  • Achieve net-zero emissions from electrical energy consumption for CCA signatories by 2030;
  • Develop requirements, instruments and applied sciences with CCA supporters to speed up the adoption of and confirm progress towards 100 per cent renewably powered blockchains by the 2025 UNFCCC (United Nations Framework Convention on Climate Change) COP30 convention.

About Energy Web

Energy Web (EW) is a worldwide nonprofit group accelerating a low-carbon, customer-centric electrical energy system by unleashing the potential of open-source, decentralized applied sciences. EW focuses on constructing core infrastructure and shared know-how, dashing adoption of business options, and fostering a neighborhood of apply. Energy Web’s software program product, Energy Web Chain, is the world’s first open-source enterprise blockchain platform tailor-made to the vitality sector.

About Argo Blockchain Plc

Argo Blockchain plc is a worldwide chief in cryptocurrency mining with one of many largest and best operations powered by clear vitality. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange below the ticker: ARB and on the OTCQX Best Market within the United States below the ticker: ARBKF.

For extra data on Argo Blockchain go to:

www.argoblockchain.com

About DMG Blockchain Solutions Inc.

DMG is an environmentally pleasant vertically built-in blockchain and cryptocurrency firm that manages, operates, and develops end-to-end digital options to monetize the blockchain ecosystem. DMG’s sustainable companies are segmented into three fundamental divisions: information centre operations, information analytics and forensics and growing enterprise blockchains. DMG’s non-polluting information centre operations give attention to incomes eco-friendly revenues from block rewards and transaction charges by mining primarily bitcoin in addition to offering internet hosting companies for industrial mining shoppers solely powered by renewable vitality. DMG’s information analytics and forensic companies present technical experience software program merchandise comparable to Blockseer Pool, Mine Manager and Walletscore, in addition to working with auditors, regulation corporations, and regulation enforcement organizations. DMG’s permissioned blockchain know-how is targeted on growing enterprise software program for the availability chain administration of managed merchandise. DMG’s technique is to change into the area consultants throughout the enterprise verticals it focuses on. DMG’s environmentally dedicated administration staff contains seasoned crypto consultants, forensic & monetary professionals and blockchain builders with deep relationships all through the business and a powerful ecological consciousness.

Future adjustments within the Bitcoin network-wide mining problem fee or Bitcoin hashrate might materially have an effect on the longer term efficiency of DMG’s manufacturing of Bitcoin, and future operational outcomes may be materially affected by the value of Bitcoin and a rise in hashrate mining problem.

On behalf of the Board of Directors,
Sheldon Bennett, CEO & Director

For additional data, please contact:
Email: [email protected]
Web: www.dmgblockchain.com

Investor Relations:
CORE IR 516-222-2560

For Media Inquiries:
Jules Abraham, Head of Public Relations
CORE IR
[email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this information launch.

Cautionary Note Regarding Forward-Looking Information

This information launch accommodates forward-looking data primarily based on present expectations. Forward-looking statements contained on this information launch embrace statements relating to Terra Pool and the anticipated outcomes and advantages, the flexibility to enter the market before anticipated with sure services and products, occasions, programs of motion, and the potential of the Company’s know-how and operations, amongst others, are all forward-looking data. Forward-looking statements include statements that aren’t purely historic, together with any statements relating to beliefs, plans, expectations or intentions relating to the longer term. Such data can typically be recognized by means of forwarding trying wording comparable to “might”, “anticipate”, “estimate”, “anticipate”, “intend”, “consider” and “proceed” or the damaging thereof or comparable variations. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Events or circumstances might trigger precise outcomes to vary materially from these predicted, on account of quite a few recognized and unknown dangers, uncertainties, and different components, lots of that are past the management of the Company, together with however not restricted to, market and different situations, volatility within the buying and selling value of the Common Shares, enterprise, financial and capital market situations; the flexibility to handle working bills, which can adversely have an effect on the Company’s monetary situation; the flexibility to stay aggressive as different higher financed opponents develop and launch aggressive merchandise; regulatory uncertainties; entry to tools; market situations and the demand and pricing for merchandise; the demand and pricing of bitcoins; safety threats, together with a loss/theft of DMG’s bitcoins; DMG’s relationships with its prospects, distributors and enterprise companions; the lack so as to add extra energy to DMG’s amenities; DMG’s capacity to efficiently outline, design and launch new merchandise in a well timed method that meet prospects’ wants; the flexibility to draw, retain and encourage certified personnel; competitors within the business; the influence of know-how adjustments on the merchandise and business; failure to develop new and revolutionary merchandise; the flexibility to efficiently keep and implement our mental property rights and defend third-party claims of infringement of their mental property rights; the influence of mental property litigation that would materially and adversely have an effect on the enterprise; the flexibility to handle working capital; and the dependence on key personnel. DMG might not truly obtain its plans, projections, or expectations. Such statements and data are primarily based on quite a few assumptions relating to current and future enterprise methods and the setting by which the Company will function sooner or later, together with the demand for its merchandise, the flexibility to efficiently develop software program, that there will likely be no regulation or regulation that can forestall the Company from working its enterprise, anticipated prices, the flexibility to safe enough capital to finish its enterprise plans, the flexibility to realize targets and the value of bitcoin. Given these dangers, uncertainties and assumptions, you shouldn’t place undue reliance on these forward-looking statements.

The securities of DMG are thought-about extremely speculative because of the nature of DMG’s enterprise.

Factors that would trigger precise outcomes to vary materially from these in forward-looking statements embrace, failure to acquire regulatory approval, the continued availability of capital and financing, tools failures, lack of provide of kit, energy and infrastructure, failure to acquire any permits required to function the enterprise, the influence of know-how adjustments on the business, the influence of Covid-19 or different viruses and illnesses on the Company’s capacity to function, safe tools, and rent personnel, competitors, safety threats together with stolen bitcoins from DMG or its prospects, shopper sentiment in the direction of DMG’s merchandise, companies and blockchain know-how typically, failure to develop new and revolutionary merchandise, litigation, enhance in working prices, enhance in tools and labor prices, lower within the value of Bitcoin, failure of counterparties to carry out their contractual obligations, authorities rules, lack of key staff and consultants, and common financial, market or enterprise situations. Forward-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking data. The forward-looking statements contained on this information launch are made as of the date of this information launch. Except as required by regulation, the Company disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case. Additionally, the Company undertakes no obligation to touch upon the expectations of, or statements made by third events in respect of the issues mentioned above.

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