DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF)
(FRANKFURT: 6AX) (“
DMG”), a vertically integrated
blockchain and cryptocurrency technology company, and Argo
Blockchain Plc (LSE: ARB) (“
Argo”), a UK-based
global cryptocurrency mining company, are pleased to announce Terra
Pool (the “
Pool”), the world’s first Bitcoin
mining pool powered by clean energy. Aligning with the latest
climate science, Terra Pool will work to better manage the impact
of Bitcoin mining on the climate.
As founding shareholders and partners, DMG and Argo have entered
into a Memorandum of Understanding to establish Terra Pool, a
cooperative effort to launch a Bitcoin mining pool exclusively
powered by clean energy. Initially, the Pool will consist of both
DMG’s and Argo’s hashrate, which currently uses energy generated by
hydroelectric resources.
Terra Pool will provide both a strong incentive and accessible
platform for cryptocurrency miners to produce Bitcoin in a
sustainable and climate-conscious way with the goal of
significantly reducing greenhouse gas emissions over the next
decade. In the near-term, Terra Pool will work with like-minded
Bitcoin miners to expedite the shift from conventional power to
clean energy.
About Argo Blockchain Plc
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB and on the OTCQX Best Market in the United
States under the ticker: ARBKF.
For more information on Argo Blockchain
visit: www.argoblockchain.com
Contacts:
North AmericaWachsman: argo@wachsman.com Tel:
+1-212-835-2511
EuropeSalamander Davoudisalamander@tancredigroup.com Tel: +44
7957 549 906
Emma Valgimigliemma@tancredigroup.com Tel: +44 7727 180 873
About DMG Blockchain Solutions Inc.DMG is an
environmentally friendly vertically integrated blockchain and
cryptocurrency company that manages, operates, and develops
end-to-end digital solutions to monetize the blockchain ecosystem.
DMG’s sustainable businesses are segmented into three main
divisions: data centre operations, data analytics and forensics and
developing enterprise blockchains. DMG’s non-polluting data
centre operations focus on earning eco-friendly revenues from block
rewards and transaction fees by mining primarily bitcoin as well as
providing hosting services for industrial mining clients entirely
powered by renewable energy. DMG’s data analytics and forensic
services provide technical expertise software products such as
Blockseer Pool, Mine Manager and Walletscore, as well as working
with auditors, law firms, and law enforcement organizations. DMG’s
permissioned blockchain technology is focused on developing
enterprise software for the supply chain management of controlled
products. DMG’s strategy is to become the domain experts across the
business verticals it focuses on. DMG’s environmentally
committed management team includes seasoned crypto experts,
forensic & financial professionals and blockchain developers
with deep relationships throughout the industry and a strong
ecological consciousness.
Future changes in the Bitcoin network-wide mining difficulty
rate or Bitcoin hashrate may materially affect the future
performance of DMG’s production of Bitcoin, and future operational
results could also be materially affected by the price of Bitcoin
and an increase in hashrate mining difficulty.
For more information on DMG Blockchain Solutions
visit: www.dmgblockchain.com
On behalf of the Board of Directors,Daniel Reitzik, CEO &
Director
For further information, please contact:
DMG Blockchain Solutions Inc.Email:
investors@dmgblockchain.com Web: www.dmgblockchain.com
For Media Inquiries:Jules
Abraham, Head of Public RelationsCORE IR
917-885-7378julesa@coreir.com
Investor Relations
Contact:CORE IR 516-222-2560
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Note Regarding Forward-Looking
Information
This news release contains forward-looking information based on
current expectations. Statements about the Company’s plans for the
establishment of this new Pool and related definitive agreements,
expectations, benefits and outcomes of this new Pool, the planned
DCMNA, plans and goals to increase petahash (PH) by self-mining in
2021 and beyond, price of bitcoin, plans and intentions, other
potential transactions, acquisition of customers, product
development, events, courses of action, and the potential of the
Company’s technology and operations, among others, are all
forward-looking information. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such information can generally be identified by the use of
forwarding looking wording such as “may”, “expect”, “estimate”,
“anticipate”, “intend”, “believe” and “continue” or the negative
thereof or similar variations. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company,
including but not limited to, business, economic and capital market
conditions; the ability to manage operating expenses, which may
adversely affect the Company’s financial condition; the ability to
remain competitive as other better financed competitors develop and
release competitive products; regulatory uncertainties; access to
equipment; market conditions and the demand and pricing for
products; the demand and pricing of bitcoins; security threats,
including a loss/theft of DMG’s bitcoins; DMG’s relationships with
its customers, distributors and business partners; the inability to
add more power to DMG’s facilities; DMG’s ability to successfully
define, design and release new products in a timely manner that
meet customers’ needs; the ability to attract, retain and motivate
qualified personnel; competition in the industry; the impact of
technology changes on the products and industry; failure to develop
new and innovative products; the ability to successfully maintain
and enforce our intellectual property rights and defend third-party
claims of infringement of their intellectual property rights; the
impact of intellectual property litigation that could materially
and adversely affect the business; the ability to manage working
capital; and the dependence on key personnel. DMG may not actually
achieve its plans, projections, or expectations. Such statements
and information are based on numerous assumptions regarding present
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, that there
will be no regulation or law that will prevent the Company from
operating its business, anticipated costs, the ability to secure
sufficient capital to complete its business plans, the ability to
achieve goals and the price of bitcoin. Given these risks,
uncertainties and assumptions, you should not place undue reliance
on these forward-looking statements.
The securities of DMG are considered highly speculative due to
the nature of DMG’s business.
Factors that could cause actual results to differ materially
from those in forward-looking statements include, failure to obtain
regulatory approval, the continued availability of capital and
financing, equipment failures, lack of supply of equipment, power
and infrastructure, failure to obtain any permits required to
operate the business, the impact of technology changes on the
industry, the impact of Covid-19 or other viruses and diseases on
the Company’s ability to operate, secure equipment, and hire
personnel, competition, security threats including stolen bitcoins
from DMG or its customers or from this new Pool, consumer sentiment
towards DMG’s products, services and blockchain technology
generally, decrease in the price of Bitcoin and other
cryptocurrencies, failure to develop new and innovative products,
litigation, increase in operating costs, increase in equipment and
labor costs, failure of other Bitcoin mining companies to join this
new Pool, failure of counterparties to perform their contractual
obligations, government regulations, loss of key employees and
consultants, and general economic, market or business conditions.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The reader is
cautioned not to place undue reliance on any 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, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on
the expectations of, or statements made by third parties in respect
of the matters discussed above.
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