DMG Provides Q3 2022 and Aug Mining Results; Company to Present at HCW Conference

DMG Provides Q3 2022 and Aug Mining Results; Company to Present at HCW Investor Conference

Highlights

Provides Q3 2022 Financial Results and Outlook Commentary
Announces August Mining Results
To Present at the 24th Annual H.C. Wainwright Global Investment Conference

DMG Q3 2022 Results HighlightsDMG Financial Statements and Management’s Discussion & Analysis (MD&A) are available for download on SEDAR at https://www.sedar.com/search/search_form_pc_en.htm. Readers are encouraged to review the Company’s complete Q3 2022 financial statements and management’s discussion and analysis thereof for a fulsome assessment of the Company’s performance and applicable risk factors.The following provides a recap of our prepared commentary for our Third Quarter ended June 30, 2022 Financial Results and Corporate Update:DMG continues to work towards its goals for building out 1 EH/s of self-mining capacity, as it increased hashrate 18% in the June quarter versus the prior quarter, and continues to build the foundation to execute upon our Core+ strategy. DMG’s balance sheet remains sound despite challenging market conditions.

24th Annual H.C. Wainwright Global Investment Conference

DMG announces that Sheldon Bennett, Chief Executive Officer and Steven Eliscu, Chief Operating Officer will present a corporate overview at the 24th Annual H.C. Wainwright Global Investment Conference being held on September 12-14, 2022.Presentation Date: September 13, 2022Time: 2:30 – 3:00 pm ETLocation: Lotte New York PalaceMr. Bennett and Mr. Eliscu will be available for one-on-one meetings. To request a meeting and to register for the conference, click below: https://hcwevents.com/annualconference/

August Preliminary Mining Results

In August 2022, DMG mined 69 bitcoin and added 87 PH/s of mining capacity. DMG’s bitcoin balance as of August 31, 2022 was 362 bitcoin. DMG is on-target with respect to its original schedule for received miner deliveries for growing its hashrate to 1 EH/s by the end of 2022, subject to the receipt, installation and operation of the additional miners.

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